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Published: Aug, 2019 | Pages:
127 | Publisher: Grand View Research
Industry: Pharmaceutical | Report Format: Electronic (PDF)
The global cannabis cultivation market size is expected to reach USD 45.4 billion by 2026, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 13.5% during the forecast period. Rising number of countries legalizing marijuana cultivation, increasing number of cultivators, and growing global marijuana trade are some of the leading factors contributing toward the rise in cultivation. In addition, rising production of marijuana derivatives such as oil, creams, and edibles due to increase in demand and geographical expansion of cannabis producing companies is expected to drive growth during the forecast period. Buds dominated the market in 2018, owing to a high consumer pool already smoking buds. Moreover, it is a readily usable form and, hence, is considered as a primary product that has more potency as it contains the necessary levels of THC and CBD content. However, the ill effects of smoking buds are likely to impede growth over the forecast period and drive production of cannabis-based oils & tinctures as these products are safe to consume & have a faster onset of action. North America dominated the marijuana cultivation market in 2018 owing to the presence of two largest marijuana markets-the U.S. and Canada. This is due to legalization of marijuana for recreational and medicinal purposes in Canada & several U.S. states, along with presence of leading cultivators such as Aphria, Tilray, Canopy Growth Corporation, & The Chronos Group in the region. Canada and the U.S. collectively produced the highest quantity of cannabis, accounting for almost the whole share of the total produce. This is due to high demand for medical & recreational cannabis, increase in pot tourism, and a steep growth in online sales channels. Europe is expected to be the fastest growing, owing to increasing legalization of indigenous cultivation and reducing focus on marijuana imports due to high costs. Moreover, other countries such as Sri Lanka and Thailand are expected to start cultivation after their expected/recent legalization. Some of the major marijuana cultivators are Canopy Growth Corporation; Aurora Cannabis; Maricann Group, Inc.; Tilray; Aphria, Inc.; The Cronos Group; ABcann Medicinals, Inc.; GW Pharmaceuticals plc.; and Organigram Holding, Inc. Several new cultivators are expected to enter the market due to ongoing legalization in various countries, rising technological advancements in equipment, and growing funding for new startups. Further key findings from the report suggest: • North America dominated this market in 2018 with a revenue of USD 15.6 billion, owing to the presence of largest marijuana producing countries such as the U.S. and Canada, which have legalized medical & recreational use • Based on product type, the cannabis cultivation market is segmented into buds, oils, and tinctures. • Buds segment dominated in 2018 owing to buds being a readily usable form and an already existing high consumer pool that smokes buds • Some of the key players are Cannabis Sativa, Inc.; GW Pharmaceuticals plc; Tikun Olam; Tilray, Maricann, Inc.; Aurora Cannabis; Aphria, Inc.; and Canopy Growth Corporation • In December 2018, nearly 840 cultivators in Canada applied for a license, which was 30% higher than that recorded in August 2018.
Table of Contents
Chapter 1. Methodology and Scope
1.1 Research Methodology
1.1.1 Information procurement
1.2 Information or Data Analysis
1.3 Market Formulation and Validation
1.3.1 Region market: CAGR calculation
1.4 Region-based Segment Share Calculation
1.5 Model Details
1.5.1 Commodity flow analysis (Model 1)
1.6 List of Secondary Sources
Chapter 2. Executive Summary
2.1 Market Summary
Chapter 3. Global Cannabis Cultivation Market Variables, Trends, & Scope
3.1 Market Segmentation
3.2 Global Cannabis Cultivation Market Dynamics
3.2.1 Market driver analysis
3.2.1.1 Increasing demand of cannabis driving cannabis cultivation across the globe
3.2.1.2 Growing legalization of medical cannabis in various countries
3.2.2 Market restraints analysis
3.2.2.1 High pricing of cannabis compared to illegal markets
3.2.2.2 Legalization of medical cannabis only for selected indications
3.2.2.3 Supply shortage of medical cannabis in various countries
3.2.3 Market challenges
3.2.3.1 Illicit cannabis trade
3.2.4 Penetration & growth prospects mapping
3.2.5 Global legal marijuana trade route
3.2.6 Global legal marijuana demand and supply analysis
3.2.8 Global cannabis cultivation regulatory scenario, by countries
3.2.8.1 U.S.
3.2.8.1.1 Washington
3.2.8.1.2 Oregon
3.2.8.1.3 California
3.2.8.1.4 Nevada
3.2.8.1.5 District of Colombia
3.2.8.1.6 Georgia
3.2.8.1.7 Alaska
3.2.8.1.8 Colorado
3.2.8.1.9 Michigan
3.2.8.1.10 Maine
3.2.8.1.11 Vermont
3.2.8.1.12 Massachusetts
3.2.8.1.13 Montana
3.2.8.1.14 Utah
3.2.8.1.15 Arizona
3.2.8.1.16 New Mexico
3.2.8.1.17 North Dakota
3.2.8.1.18 Oklahoma
3.2.8.1.19 Missouri
3.2.8.1.20 Arkansas
3.2.8.1.21 Louisiana
3.2.8.1.22 Illinois
3.2.8.1.23 Minnesota
3.2.8.1.24 Ohio
3.2.8.1.25 West Virginia
3.2.8.1.26 Pennsylvania
3.2.8.1.27 Maryland
3.2.8.1.28 Delaware
3.2.8.1.29 New Jersey
3.2.8.1.30 New York
3.2.8.1.31 Connecticut
3.2.8.1.32 Rhode Island
3.2.8.1.33 New Hampshire
3.2.8.1.34 Florida
3.2.8.2 Canada
3.2.8.3 Germany
3.2.8.4 U.K.
3.2.8.5 Italy
3.2.8.6 Netherlands
3.2.8.7 Croatia
3.2.8.8 Poland
3.2.8.9 Czech Republic
3.2.8.10 Switzerland
3.2.8.11 Australia
3.2.8.12 Argentina
3.2.8.13 Colombia
3.2.8.14 Mexico
3.2.8.15 Uruguay
3.2.8.16 Chile
3.2.8.17 Israel
3.2.9 Global cannabis cultivation market - PESTLE analysis
3.2.10 Industry analysis - Porter's
3.2.11 List of cannabis cultivators in North America
3.2.11.1 U.S.
3.2.11.2 Canada
Chapter 4. Global Cannabis Cultivation Market: Product Type Estimates & Trend Analysis
4.1 Global Cannabis Cultivation Market: Product Type Movement Analysis
4.2 Buds
4.2.1 Buds market estimates and forecasts, 2015 - 2026 (USD Million)
4.3 Oils
4.3.1 Oil market estimates and forecasts, 2015 - 2026 (USD Million)
4.4 Tinctures
4.4.1 Tinctures market estimates and forecasts, 2015 - 2026 (USD Million)
Chapter 5. Global Cannabis Cultivation Market: Regional Estimates & Trend Analysis, by Marijuana Type, Product Type
5.1 Global Cannabis Cultivation Market Share, by Country, 2018 & 2026
5.1.1 U.S.
5.1.1.1 U.S. cannabis cultivation market estimates and forecasts, 2015 - 2026 (USD Million)
5.1.1.2 U.S. cannabis cultivation market estimates and forecasts, 2015 - 2026 (kg)
5.1.2 Canada
5.1.2.1 Canada cannabis cultivation market estimates and forecasts, 2015 - 2026 (USD Million)
5.1.2.2 Canada cannabis cultivation market estimates and forecasts, 2015 - 2026 (kg)
5.1.3 U.K.
5.1.3.1 U.K. cannabis cultivation market estimates and forecasts, 2015 - 2026 (USD Million)
5.1.3.2 U.K. cannabis cultivation market estimates and forecasts, 2015 - 2026 (kg)
5.1.4 Germany
5.1.4.1 Germany cannabis cultivation market estimates and forecasts, 2015 - 2026 (USD Million)
5.1.4.2 Germany cannabis cultivation market estimates and forecasts, 2015 - 2026 (kg)
5.1.5 Italy
5.1.5.1 Italy cannabis cultivation market estimates and forecasts, 2015 - 2026 (USD Million)
5.1.5.2 Italy cannabis cultivation market estimates and forecasts, 2015 - 2026 (kg)
5.1.6 Netherlands
5.1.6.1 Netherlands cannabis cultivation market estimates and forecasts, 2015 - 2026 (USD Million)
5.1.6.2 Netherlands cannabis cultivation market estimates and forecasts, 2015 - 2026 (kg)
5.1.7 Israel
5.1.7.1 Israel cannabis cultivation market estimates and forecasts, 2015 - 2026 (USD Million)
5.1.7.2 Israel cannabis cultivation market estimates and forecasts, 2015 - 2026 (kg)
5.1.8 Australia
5.1.8.1 Australia cannabis cultivation market estimates and forecasts, 2015 - 2026 (USD million)
5.1.8.2 Australia cannabis cultivation market estimates and forecasts, 2015 - 2026 (kg)
5.1.9 Argentina
5.1.9.1 Argentina cannabis cultivation market estimates and forecasts, 2015 - 2026 (USD Million)
5.1.9.2 Argentina cannabis cultivation market estimates and forecasts, 2015 - 2026 (kg)
5.1.10 Colombia
5.1.10.1 Colombia cannabis cultivation market estimates and forecasts, 2015 - 2026 (USD Million)
5.1.10.2 Colombia cannabis cultivation market estimates and forecasts, 2015 - 2026 (kg)
5.1.11 Mexico
5.1.11.1 Mexico cannabis cultivation market estimates and forecasts, 2015 - 2026 (USD Million)
5.1.11.2 Mexico cannabis cultivation market estimates and forecasts, 2015 - 2026 (kg)
5.1.12 Croatia
5.1.12.1 Croatia cannabis cultivation market estimates and forecasts, 2015 - 2026 (USD Million)
5.1.12.2 Croatia cannabis cultivation market estimates and forecasts, 2015 - 2026 (kg)
5.1.13 Uruguay
5.1.13.1 Uruguay cannabis cultivation market estimates and forecasts, 2015 - 2026 (USD Million)
5.1.13.2 Uruguay cannabis cultivation market estimates and forecasts, 2015 - 2026 (kg)
5.1.14 Chile
5.1.14.1 Chile cannabis cultivation market estimates and forecasts, 2015 - 2026 (USD Million)
5.1.14.2 Chile cannabis cultivation market estimates and forecasts, 2015 - 2026 (kg)
Chapter 6. Competitive Landscape
6.1 Company Profiles
6.1.1 Canopy Growth Corporation
6.1.1.1 Company overview
6.1.1.2 Financial performance
6.1.1.3 Strategic initiatives
6.1.2 Aphria, Inc.
6.1.2.1 Company overview
6.1.2.2 Financial performance
6.1.2.3 Strategic initiatives
6.1.3 Aurora Cannabis
6.1.3.1 Company overview
6.1.3.2 Financial performance
6.1.3.3 Strategic initiatives
6.1.4 Maricann, Inc. (Wayland Group Corporation)
6.1.4.1 Company overview
6.1.4.2 Financial performance
6.1.4.3 Strategic initiatives
6.1.5 Tilray
6.1.5.1 Company overview
6.1.5.2 Financial performance
6.1.5.3 Strategic initiatives
6.1.6 GW Pharmaceuticals plc
6.1.6.1 Company overview
6.1.6.2 Financial performance
6.1.6.3 Strategic initiatives
6.1.7 Tikun Olam
6.1.7.1 Company overview
6.1.7.2 Strategic initiatives
6.1.8 Cannabis Sativa, Inc.
6.1.8.1 Company overview
6.1.8.2 Financial performance
6.1.8.3 Strategic initiatives
List of Tables Table 1 Partial list of secondary sources Table 2 Partial list of primary sources Table 3 U.S. cannabis cultivation market, by product type, 2015 - 2026 (USD Million) Table 4 Canada cannabis cultivation market, by product type, 2015 - 2026 (USD Million) Table 5 U.K. cannabis cultivation market, by product type, 2015 - 2026 (USD Million) Table 6 Germany cannabis cultivation market, by product type, 2015 - 2026 (USD Million) Table 7 Italy cannabis cultivation market, by product type, 2015 - 2026 (USD Million) Table 8 Netherlands cannabis cultivation market, by product type, 2015 - 2026 (USD Million) Table 9 Israel cannabis cultivation market, by product type, 2015 - 2026 (USD Million) Table 10 Australia cannabis cultivation market, by product type, 2015 - 2026 (USD Million) Table 11 Argentina cannabis cultivation market, by product type, 2015 - 2026 (USD Million) Table 12 Colombia cannabis cultivation market, by product type, 2015 - 2026 (USD Million) Table 13 Mexico cannabis cultivation market, by product type, 2015 - 2026 (USD Million) Table 14 Croatia cannabis cultivation market, by product type, 2015 - 2026 (USD Million) Table 15 Uruguay cannabis cultivation market, by product type, 2015 - 2026 (USD Million) Table 16 Chile cannabis cultivation market, by product type, 2015 - 2026 (USD Million)
List of Figures Fig. 1 Market research process Fig. 2 Information procurement Fig. 3 Primary research pattern Fig. 4 Market research approaches Fig. 5 Value chain-based sizing & forecasting Fig. 6 QFD modeling for market share assessment Fig. 7 Market formulation & validation Fig. 8 Commodity flow analysis Fig. 9 Global cannabis cultivation market snapshot, 2018 (USD Million) Fig. 10 Global cannabis cultivation market segmentation Fig. 11 Global cannabis cultivation market dynamics Fig. 12 Global cannabis cultivation market driver impact Fig. 13 Global cannabis cultivation market restraints impact Fig. 14 Penetration & growth prospects mapping for cannabis Fig. 15 Global legal marijuana trade route Fig. 16 Global legal marijuana supply - demand analysis Fig. 17 Global cannabis cultivation market - PESTLE analysis Fig. 18 Global cannabis cultivation market - Porter's Analysis Fig. 19 Global cannabis cultivation market, by product: Key takeaways Fig. 20 Global cannabis cultivation market: Product movement analysis (2018 & 2026) (USD Million) Fig. 21 Buds market estimates and forecasts, 2015 - 2026 (USD Million) Fig. 22 Oils market estimates and forecasts, 2015 - 2026 (USD Million) Fig. 23 Tinctures market estimates and forecasts, 2015 - 2026 (USD Million) Fig. 24 Regional marketplace: Key takeaways Fig. 25 Global cannabis cultivation market: Country outlook, 2018 & 2026 Fig. 26 U.S. cannabis cultivation market estimates and forecasts, 2015 - 2026 (USD Million) Fig. 27 U.S. cannabis cultivation market volume estimates and forecasts, 2015 - 2026 (kg) Fig. 28 Canada cannabis cultivation market estimates and forecasts, 2015 - 2026 (USD Million) Fig. 29 Canada cannabis cultivation market volume estimates and forecasts, 2015 - 2026 (kg) Fig. 30 U.K. cannabis cultivation market estimates and forecasts, 2015 - 2026 (USD Million) Fig. 31 U.K. cannabis cultivation market volume estimates and forecasts, 2015 - 2026 (kg) Fig. 32 Germany cannabis cultivation market estimates and forecasts, 2015 - 2026 (USD Million) Fig. 33 Germany cannabis cultivation market volume estimates and forecasts, 2015 - 2026 (kg) Fig. 34 Italy cannabis cultivation market estimates and forecasts, 2015 - 2026 (USD Million) Fig. 35 Italy cannabis cultivation market volume estimates and forecasts, 2015 - 2026 (kg) Fig. 36 Netherlands cannabis cultivation market estimates and forecasts, 2015 - 2026 (USD Million) Fig. 37 Netherlands cannabis cultivation market volume estimates and forecasts, 2015 - 2026 (kg) Fig. 38 Israel cannabis cultivation market estimates and forecasts, 2015 - 2026 (USD Million) Fig. 39 Israel cannabis cultivation market volume estimates and forecasts, 2015 - 2026 (kg) Fig. 40 Australia cannabis cultivation market estimates and forecasts, 2015 - 2026 (USD Million) Fig. 41 Australia cannabis cultivation market volume estimates and forecasts, 2015 - 2026 (kg) Fig. 42 Argentina cannabis cultivation market estimates and forecasts, 2015 - 2026 (USD Million) Fig. 43 Argentina cannabis cultivation market volume estimates and forecasts, 2015 - 2026 (kg) Fig. 44 Colombia cannabis cultivation market estimates and forecasts, 2015 - 2026 (USD Million) Fig. 45 Colombia cannabis cultivation market volume estimates and forecasts, 2015 - 2026 (kg) Fig. 46 Mexico cannabis cultivation market estimates and forecasts, 2015 - 2026 (USD Million) Fig. 47 Mexico cannabis cultivation market volume estimates and forecasts, 2015 - 2026 (kg) Fig. 48 Croatia cannabis cultivation market estimates and forecasts, 2015 - 2026 (USD Million) Fig. 49 Croatia cannabis cultivation market volume estimates and forecasts, 2015 - 2026 (kg) Fig. 50 Uruguay cannabis cultivation market estimates and forecasts, 2015 - 2026 (USD Million) Fig. 51 Uruguay cannabis cultivation market volume estimates and forecasts, 2015 - 2026 (kg) Fig. 52 Chile cannabis cultivation market estimates and forecasts, 2015 - 2026 (USD Million) Fig. 53 Chile cannabis cultivation market volume estimates and forecasts, 2015 - 2026 (kg)
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