At CAGR 8.1% Globally Cannabis Cultivation Market Growth | Size, Shares, Key Players, COVID19 Impact | to USD 359.6 Bn Revenue By 2028: Industry Size, Trends, Forecast Report by Zion Market Research

Cannabis Cultivation Market: Overview

Legalization of cannabis cultivation along with acceptance of cannabis therapy for treating chronic ailments will drive growth of cannabis cultivation market. Cultivation of cannabis is gaining popularity owing to its wide application in nutraceuticals, personal care & cosmetics, and food & beverages. Moreover, liberalization of legislations pertaining to cultivation of cannabis in some of the developed countries will contribute majorly towards business landscape. Large-scale acceptance of cannabis for medicinal use will prop up demand for cannabis cultivation in coming years.

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Industry Dynamics:

Cannabis Cultivation Market: Growth Drivers

Surge in acceptance of cannabis for treating chronic disorders will culminate into humungous growth of cannabis cultivation market. Furthermore, escalating demand for pain-relieving medicines from pharmaceutical industry is likely to result into massive growth in size of cannabis cultivation market. In addition to this, liberalization of laws pertaining to marijuana & hemp will bolster expansion of cannabis cultivation industry over ensuing years. Large-scale use of cannabis in pharmaceuticals, cosmetics, and personal care industries will create new growth avenues for cannabis cultivation market in upcoming years. Apart from this, rise in utilization of hemp & marijuana in food & beverages and nutraceuticals will steer industry growth.

Furthermore, growing use of cannabis & derivatives as raw materials by firms will proliferate expansion of cannabis cultivation industry over upcoming years. Rise in use of marijuana for medicinal purpose and treating myriad health conditions including cancer, chronic pain, and mental disorders will steer industry expansion over forecasting years.

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List of Key Players of Cannabis Cultivation Market:

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Regional Dominance:

North America To Make Notable Contributions Towards Global Cannabis Cultivation Market Share By 2028  

Growth of regional market over forecast timespan is subject to liberalization of laws related to use of cannabis in many of states of the U.S. and also government support for use of cannabis for medicinal purpose in Canada. In addition to this, increase in number of product approvals in countries such as Canada and the U.S. will promulgate growth of cannabis cultivation market in region. 

Global Cannabis Cultivation Market is segmented as follows:

 Cannabis Cultivation Market: By Biomass Outlook (2021-2028)

Cannabis Cultivation Market: By Application Outlook (2021-2028)

Cannabis Cultivation Market: By Region Outlook (2021-2028)

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

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