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Global Cannabis market to reach USD 118.9 billion by 2027.

Global cannabis market Size study, by Product Type (Flowers, Concentrates, Other), by Application (Medical, Recreational), by Compound (Tetrahydrocannabinol (THC)-dominant, Cannabidiol (CBD)-dominant, Balanced THC & CBD), and Regional Forecasts 2021-2027

Product Code: HALDAT_53463934
Publish Date: 28-12-2020
Page: 200

Global Cannabis market is valued at approximately USD 20.6 billion in 2020nd is anticipated to grow with a healthy growth rate of more than 28.5 % over the forecast period 2020-2027. Cannabis is a tall plant that is used as a medicine that is legalized for medicinal use with a stiff upright stem. Growing cannabis legalization, and increasing advancement in cannabis genetic growth and intellectual property is fueling the growth of the market. For example, in January 2018 the Australian government allowed the region’s cannabis growers to export medical cannabis and its products to the global market. Many countries, such as Australia, Canada, Chile, Colombia, Germany, Greece, Israel, Italy, the Netherlands, Peru, Poland, Portugal, Uruguay and others, have legalized the use of cannabis for medicinal purposes. The provinces of the United States, where cannabis has been widely legalized, include the adult population aged 50 years and over. In addition, According to Cannabis Europa, by the end of 2020, France in Europe could catch up with Germany and the United Kingdom in the legalization of medical cannabis. However, the regulations pertaining to the usage of cannabis is varied from country to country, which may impede market growth over the forecast period of 2020-2027.

The regional analysis of the global Cannabis market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region across the world in terms of market share due to growing legalization of cannabis for medical and recreational applications. Whereas North America is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to increasing awareness of CBD among citizens in the region.
Major market player included in this report are:

Canopy Growth Corporation
Aurora Cannabis Inc.
Terra Tech Corp.
VIVO Cannabis Inc.
The Cronos Group
Medical Marijuana Inc.
Organigrams Holding Inc.
Maricann Group Inc.
Ecofibre Limited
Harvest Health and Recreation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:
Flowers
Concentrates
Other
By Application:
Medical
Recreational
By compound:
Tetrahydrocannabinol (THC)-dominant
Cannabidiol (CBD)-dominant
Balanced THC & CBD
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018-19
Base year – 2019-20
Forecast period – 2021 to 2027.

Target Audience of the Global Cannabis market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1.Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Cannabis market, by Region, 2019-2027 (USD Billion)
1.2.2. Cannabis market, by Product Type, 2019-2027 (USD Billion)
1.2.3. Cannabis market, by Application, 2019-2027 (USD Billion)
1.2.4. Cannabis market, by Compound, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Cannabis market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Cannabis market Dynamics
3.1. Cannabis market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1 Growth in the medical applications of cannabis
3.1.1.2 Increase in legalization of cannabis and rise in social acceptance of marijuana.
3.1.2. Market Challenges
3.1.2.1 Complex regulatory structure for the usage of cannabis
3.1.3. Market Opportunities
3.1.3.1 Product development via research and novel product delivery solutions
Chapter 4. Global Cannabis market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Cannabis market, by Product Type
5.1. Market Snapshot
5.2. Global Cannabis market by Product Type , Performance – Potential Analysis
5.3. Global Cannabis market Estimates & Forecasts by Product Type 2018-2027 (USD Billion)
5.4. Cannabis market, Sub Segment Analysis
5.4.1. Flowers
5.4.2. Concentrates
5.4.3. Other
Chapter 6. Global Cannabis market, by Application
6.1. Market Snapshot
6.2. Global Cannabis market by Application, Performance – Potential Analysis
6.3. Global Cannabis market Estimates & Forecasts by Application 2018-2027 (USD Billion)
6.4. Cannabis market, Sub Segment Analysis
6.4.1. Medical
6.4.2. Recreational
Chapter 7. Global Cannabis market, by Compound
7.1. Market Snapshot
7.2. Global Cannabis market by Compound, Performance – Potential Analysis
7.3. Global Cannabis market Estimates & Forecasts by Compound 2018-2027 (USD Billion)
7.4. Cannabis market, Sub Segment Analysis
7.4.1. Tetrahydrocannabinol (THC)-dominant
7.4.2. Cannabidiol (CBD)-dominant
7.4.3. Balanced THC & CBD
Chapter 8. Global Cannabis market, Regional Analysis
8.1. Cannabis market, Regional Market Snapshot
8.2. North America Cannabis market
8.2.1. U.S. Cannabis market
8.2.1.1. Product Type breakdown estimates & forecasts, 2018-2027
8.2.1.2. Application breakdown estimates & forecasts, 2018-2027
8.2.1.3. Compound breakdown estimates & forecasts, 2018-2027
8.2.2. Canada Cannabis market
8.3. Europe Cannabis market Snapshot
8.3.1. U.K. Cannabis market
8.3.2. Germany Cannabis market
8.3.3. France Cannabis market
8.3.4. Spain Cannabis market
8.3.5. Italy Cannabis market
8.3.6. Rest of Europe Cannabis market
8.4. Asia-Pacific Cannabis market Snapshot
8.4.1. China Cannabis market
8.4.2. India Cannabis market
8.4.3. Japan Cannabis market
8.4.4. Australia Cannabis market
8.4.5. South Korea Cannabis market
8.4.6. Rest of Asia Pacific Cannabis market
8.5. Latin America Cannabis market Snapshot
8.5.1. Brazil Cannabis market
8.5.2. Mexico Cannabis market
8.6. Rest of The World Cannabis market
Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Canopy Growth Corporation
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. Aurora Cannabis Inc.
9.2.3. Terra Tech Corp.
9.2.4. VIVO Cannabis Inc.
9.2.5. The Cronos Group
9.2.6. Medical Marijuana Inc.
9.2.7. Organigrams Holding Inc.
9.2.8. Maricann Group Inc.
9.2.9. Ecofibre Limited
9.2.10. Harvest Health and Recreation

Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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