Cannabis Cultivation Global Market Report 2022: Featuring Pacific Cannabis Growers

Dublin – 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
Markets Covered:

1) By Type: Cannabis Indica; Cannabis Sativa
2) By Source: Flower or Buds; Leaves; Other Sources
3) By Application Outlook : Medical Consumption; Recreational Consumption; Industrial Consumption

Key Topics Covered:

1. Executive Summary

2. Cannabis Cultivation Industry Characteristics

3. Cannabis Cultivation Industry Trends And Strategies

4. Cannabis Cultivation Industry – Macro Economic Scenario

5. Cannabis Cultivation Industry Size And Growth

6. Cannabis Cultivation Industry Segmentation

7. Cannabis Cultivation Industry Regional And Country Analysis

8. Asia-Pacific Cannabis Cultivation Industry

9. China Cannabis Cultivation Industry

10. India Cannabis Cultivation Industry

11. Japan Cannabis Cultivation Industry

12. Australia Cannabis Cultivation Industry

13. Indonesia Cannabis Cultivation Industry

14. South Korea Cannabis Cultivation Industry

15. Western Europe Cannabis Cultivation Industry

16. UK Cannabis Cultivation Industry

17. Germany Cannabis Cultivation Industry

18. France Cannabis Cultivation Industry

19. Eastern Europe Cannabis Cultivation Industry

20. Russia Cannabis Cultivation Industry

21. North America Cannabis Cultivation Industry

22. USA Cannabis Cultivation Industry

23. South America Cannabis Cultivation Industry

24. Brazil Cannabis Cultivation Industry

25. Middle East Cannabis Cultivation Industry

26. Africa Cannabis Cultivation Industry

27. Cannabis Cultivation Industry Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Cannabis Cultivation Industry

29. Cannabis Cultivation Industry Future Outlook and Potential Analysis

30. Appendix

Companies Mentioned

• Pacific Cannabis Growers Inc
• Atlas Growers
• Canntrust Holdings Inc
• The Hydropothecary Corporation
• Better Holdings

(This information is primarily sourced from Research and Markets.  Highly Capitalized has neither approved nor disapproved the contents of this news release. Read our Disclaimer here).