Cannabis Cultivation Market 2027 Analysis,
Key Growth Drivers, Challenges, Leading Key
Players Review, Demand
The global Cannabis Cultivation Market is anticipated to value USD 358.8 billion until 2027. It is also expected
to register a CAGR of 14.3% over the forecasted years, 2020 to 2027. The rising adoption of cannabis for the
diagnosis and treatment of chronic diseases and improving legalization across various countries is projected to
propel the market growth.
The hemp segment held the dominant share of 94.5% across the global market in 2019 due to the rising
adoption of hemp-derived products owing to the low content of THCs. Also, legalization for the cultivation of
marijuana across many countries is expected to boost market growth.
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In 2019, the segment of industrial consumption dominated the global market with a 93.8% share on account
of increasing usage of hemp and marijuana across food & beverages, personal care, nutraceuticals, and
pharmaceutical industries. The medical consumption segment is expected to account for the highest CAGR
across the global market in the upcoming years owing to surging usage of marijuana for treatment against
cancers, mental disorders, and chronic pain.
The Asia Pacific accounted for the highest share of around 4% across the global market in 2019 due to the
rising pool of patients and increasing awareness about the medical benefits of cannabis. The Middle East and
Cannabis Cultivation Market Report provides in-depth analysis of industry by production,
share, size, Demand, Proposition, Development, Opportunities, Growth, Economic Trends,
Technologies Research, Segmentation, Key Futuristic, Investment Feasibility, Major Key
Players, SWOT analysis and Forecast.
Africa are also estimated to register substantial growth in the upcoming years on account of the
implementation of regulations and laws associated w