Nov 29, 2022

The global cannabis cultivation market is expected to grow from $114.66 billion in 2021 to $132.55 billion in 2022 at a compound annual growth rate (CAGR) of 15.6%. The cannabis cultivation market is expected to grow to $235.74 billion in 2026 at a compound annual growth rate (CAGR) of 15.5%. Asia Pacific was the largest region in the cannabis cultivation market in 2021. The regions covered in the cannabis cultivation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. Adoption of cannabis for the treatment of chronic diseases is expected to propel the growth of the cannabis cultivation market going forward. Chronic disease refers to a medical condition that lasts for a year or longer and necessitates continuing medical care and restricts daily activities. Adoption of cannabis for the treatment of chronic diseases helps cannabis cultivation by demonstrating safety, efficacy, and consistency sufficient for regulatory approval in spasticity in chronic diseases such as multiple sclerosis, and Dravet and Lennox-Gastaut Syndromes. For instance, in March 2022, according to the data published in the annual report of Jazz Pharmaceuticals plc, an Ireland-based biopharmaceutical company, the company generated a net sale of $463.6 million for Epidiolex, in 2021, with a year-on-year sales growth of 29% as compared to previous year i.e., 2020. Therefore, the adoption of cannabis for the treatment of chronic diseases is driving the cannabis cultivation market. Product innovations are a key trend gaining popularity in the cannabis cultivation market. Major companies operating in the cannabis cultivation market are focused on developing innovative products to strengthen their position in the cannabis cultivation market. For instance, in January 2022, Prospiant, a US-based controlled environment agriculture (CEA) greenhouse solutions and cannabis cultivation and extraction technologies provider, launched Delta Ethanol Extraction CUP-5 to specifically meet the requirements of prototype labs, educational research centers, and small-scale cannabis processing facilities. During the process of cannabis cultivation, it can handle plant material in batches as small as 3.5 pounds and finish the extraction process in 2 to 12 minutes. It combines mechanical centrifugation with closed-loop cold alcohol extraction technology to produce a high-purity final product. Its innovative features also include the ability to operate without a C1D2 environment or a hazardous location (HazLoc) requirement. Scope 3. Cannabis Cultivation Market Trends And Strategies 4. Cannabis Cultivation Market - Macro Economic Scenario 5. Cannabis Cultivation Market Size And Growth 6. Cannabis Cultivation Market Segmentation 7. Cannabis Cultivation Market Regional And Country Analysis 8. Asia-Pacific Cannabis Cultivation Market 9. China Cannabis Cultivation Market 10. India Cannabis Cultivation Market 11. Japan Cannabis Cultivation Market 12. Australia Cannabis Cultivation Market 13. Indonesia Cannabis Cultivation Market 14. South Korea Cannabis Cultivation Market 15. Western Europe Cannabis Cultivation Market 16. UK Cannabis Cultivation Market 17. Germany Cannabis Cultivation Market 18. France Cannabis Cultivation Market 19. Eastern Europe Cannabis Cultivation Market 20. Russia Cannabis Cultivation Market 21. North America Cannabis Cultivation Market 22. USA Cannabis Cultivation Market 23. South America Cannabis Cultivation Market 24. Brazil Cannabis Cultivation Market 25. Middle East Cannabis Cultivation Market 26. Africa Cannabis Cultivation Market 27. Cannabis Cultivation Market Competitive Landscape And Company Profiles 28. Key Mergers And Acquisitions In The Cannabis Cultivation Market 29. Cannabis Cultivation Market Future Outlook and Potential Analysis 30. Appendix