The market for cannabis in the world is estimated to be US$195 billion by 2022. The market is projected to expand at a substantial CAGR of 17.8% over the period 2019-2028.
Market Scope and Report Overview
Based on a thorough market analysis by RationalStat the global cannabis market has been assessed according to market segments which include product type, use and sales channel, species, and regions and geography (incl. North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also provides the market size of both regional and global markets for the period from 2019-2028.
Market intelligence for the global cannabis market covers market sizes on the basis of market value (US$/EUR Million) and volume (‚000 units/tons/liters) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
Furthermore, it provides the long-term outlook for the sector, products and services outlook for the next 10 years and their implications for the sector. The report also covers the state of the industry today Production Levels, Capacity Utilization, Tech quotient and more. The most important information is manufacturing capacity per country and installed base and import volumes and market size, the key players and market size dynamic, market information and insight, etc.
Period Covered include data for 2019-2028 along with year-wise demand estimations.
The cannabis market report analyzes the market on the basis of global economic situations, regional geopolitics, import-export scenarios, trade duties, market developments, organic and inorganic strategies, mergers and acquisitions, product launches, government policies, new capacity addition, technological advancements, R&D investments, and new market entry, replacement rates, penetration rates, installed base/fleet size, global and regional production capacity, among others.
RationalStat offers market analysis and consulting studies on the basis of dedicated and robust desk/secondary research supported by a strong in-house data repository. In addition, the research leverages data based on the real-time insights gathered from primary interviews. Market estimations and insights are based on primary research (covering more than 240 entities) and secondary research by leveraging international benchmarking.
The global cannabis market report also covers value chain and supply chain analysis that provides in-depth information about the value chain margins and the role of various stakeholders across the value chain. Market dynamics provided in the market study include market drivers, restraints/challenges, trends, and their impact on the market throughout the analysis period.
In the competition analysis section, the global cannabis market provides a detailed competition benchmarking analysis based on the market share of the leading companies/brands/ producers/suppliers, a market structure overview with detailed company profiles of more than 25 players with their financials, product/service offerings, major developments, business models, etc. This enables, clients and report buyers to make strong, precise, and timely decisions.
Explore more about this report – Request for Sample and Scope of the Study
Macroeconomic Scenario and the Impact of COVID-19 on Regional Economic Sentiment
In the latest RationalStat analysis, geopolitical conflicts and inflation are the cited economic risks, while concerns about the volatility across energy sectors prevail in Europe and other parts of the world. Some of the potential risks to the economic growth in the leading regions, including Asia Pacific, Europe, North America, the Middle East & Africa, and other developing regions, are inflation, volatile energy prices, supply chain disruptions, geopolitical instability, labor shortages, rising interest rates, and COVID-19 pandemic.
The global economy experienced heavy headwinds, throughout 2019-2021, as some countries witnessed subdued growth, while other countries continued to grapple with economic slowdowns. The COVID-19 pandemic has levied undue pressure across the majority of industries globally and has caused a major economic crisis in the US, India, Italy, the UK, Germany, India, Japan, South Korea, the UK, and many others. Besides, the exit of the UK from the European Union earlier in 2020 and the Russo-Ukraine war in 2022 exacerbated the ever-heightened global uncertainty.
In addition to this, the global economic growth slowed in 2022 to 3.3%, weaker than expected at the end of 2021, mainly weighed down by Russia’s war in Ukraine and the associated cost-of-living crisis in many countries. However, improvement in economic activities during the forecast period is expected. Growth is projected to remain at lower rates in 2023 and 2024, at 2.6% and 2.9% respectively.
Some of the prominent players that contribute significantly to the market growth include Canopy Growth Corporation, Aurora Cannabis Inc., Cronos Group Inc., GW Pharmaceuticals plc., Tilray, Inc., Curaleaf Holdings, Inc., Aphria Inc., HEXO Corp., MedMen Enterprises Inc., Green Thumb Industries Inc., among others.
RationalStat has segmented the global cannabis market based on product type, application, sales channel, species, and region
- Global Cannabis Market Value (US$ Million), Volume (‘000 units/tons), and Market Share (2019-2028) Analysis by Product Type
- Concentrates
- Capsules
- Edibles
- Tablets
- Transdermal Patches
- Oils
- Others (Vape Oils, Creams, and Roll on, etc)
- Global CannabisMarket Value (US$ Million), Volume (‘000 units/tons), and Market Share (2019-2028) Analysis by Application
- Medical
- Anxiety
- Insomnia
- Chronic Pain
- Migraine
- Seizures
- Neurological Conditions
- Others (Multiple Sclerosis, Muscle Spasms, and Nausea, etc.)
- Recreational
- Flowers
- Stems
- Seeds
- Leaves
- Global Cannabis Market Value (US$ Million), Volume (‘000 units/tons), and Market Share (2019-2028) Analysis by Sales Channel
- Online
- Offline
- Retail Store
- Pharmacies
- Global Cannabis Market Value (US$ Million), Volume (‘000 units/tons), and Market Share (2019-2028) Analysis by Species
- Cannabis indica
- Cannabis sativa
- Hybrid
- Global Cannabis Market Value (US$ Million), Volume (‘000 units/tons), and Market Share (2019-2028) Analysis by Region
- North America Cannabis Market
- US
- Canada
- Latin America Cannabis Market
- Brazil
- Mexico
- Rest of Latin America
- Western Europe Cannabis Market
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe Cannabis Market
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific Cannabis Market
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa Cannabis Market
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
- GCC
- North America Cannabis Market
- Leading Companies and Market Players
- Canopy Growth Corporation
- Aurora Cannabis Inc.
- Cronos Group Inc.
- GW Pharmaceuticals plc.
- Tilray, Inc.
- Curaleaf Holdings, Inc.
- Aphria Inc.
- HEXO Corp.
- MedMen Enterprises Inc.
- Green Thumb Industries Inc.
For more information about this report https://store.rationalstat.com/store/global-cannabis-market/
Key Questions Answered in the CannabisReport:
- What will be the market value of the global cannabis market by 2028?
- What is the market size of the global cannabis market?
- What are the market drivers of the global cannabis market?
- What are the key trends in the global cannabis market?
- Which is the leading region in the global cannabis market?
- What are the major companies operating in the global cannabis market?
- What are the market shares by key segments in the global cannabis market?
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