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Cannabis Market Study Report Based on Size, Shares, Opportunities, Industry Trends and Forecast to 2027

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The growing legalization of cannabis across the globe and the demand for medical marijuana in managing various neurological and mental disorders are projected to propel the growth of the market during the forecast period.

Global Cannabis Market research report by Emergen Research offers strategic insights into the Cannabis business sphere and in-depth analysis of the industrial chain analysis, value chain analysis, upstream raw materials, investment strategies, regional expansions, and competitive landscape.The growing legalization of cannabis across the globe and the demand for medical marijuana in managing various neurological and mental disorders are projected to propel the growth of the market during the forecast period.

There has been a lot of advancement happening in the industry by various key market players to increase market penetration, such as, In May 2018, Aurora Cannabis acquired MedReleaf. The agreement brings together two of Canada’s premier marijuana companies with fully-aligned strategic visions. The company will come together and create a powerful platform for accelerated growth on a global scale. 

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Furthermore, the report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.

Based on Compound, THC dominates the industry share attributed to the fact that these compound contains the psychoactive substance in marijuana products and is responsible for the head high feeling. Even though high THC content is better known for its mind-altering euphoria, it has significant medical benefits and is considered useful in relieving nausea, appetite loss, and insomnia.

Geographically, North America, especially the United States and Canada, dominates the market. The recent legalization of marijuana taken place in the North America segment for medical purposes has been a significant driver of marijuana market growth. Other major sections include Europe (Germany, Italy, France, the Netherlands, and Spain), Asia Pacific, Latin America, and the Middle East and Africa.

Key players in the market include Canopy Growth Corporation, Aurora Cannabis Inc., Tikun Olam, Cannabis Science Inc., Aphria Inc., Maricann Group Inc., Tilray Inc., VIVO Cannabis Inc., Medical Marijuana, Inc., STENOCARE, Cronos Group Inc., Terra Tech Corp., and MedMen, among others.

Radical Highlights of the Cannabis Market Report:

  • Comprehensive overview of the Cannabis market along with analysis of the changing dynamics of the market
  • Growth Assessment of various market segments throughout the forecast period
  • Regional and global analysis of the market players, including their market share and global position
  • Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
  • Impact of the technological developments and RD advancements on the Cannabis market
  • Information about profit-making strategies and developmental strategies of major companies and manufacturers
  • Insightful information for the new entrants willing to enter the market
  • Details and insights about business expansion strategies, product launches, and other collaborations
  • The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis

For the purpose of this report, Emergen Research has segmented into the global Cannabis Market on the basis of Product Type, Compound, Application, and region:

  • Product Type Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
    • Flower
    • Concentrates
    • Others
  • Compound Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
    • Tetrahydrocannabinol
    • Cannabidiol (CBD)
    • Balanced THC CBD
  • Application Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
    • Medical
      • Pain Management
      • Neurological Health Management
      • Mental Health Management
      • Others
    • Recreational
    • Others

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The report considers the following timeline for market estimation:

  • Historical Years: 2017-2018
  • Base Year: 2019
  • Estimated Year: 2027
  • Forecast Years: 2020-2027

Each section of the report reveals critical information about the global Cannabis market that could be used to ensure strong growth in the coming years. Our unique blend of primary and secondary research techniques helped us to recognize hidden business opportunities available in the global Cannabis market, besides collecting significant insights of market participants and obtaining precise market data. It includes several research studies such as manufacturing cost analysis, absolute dollar opportunity, pricing analysis, company profiling, production and consumption analysis, and market dynamics.

Key Points of Cannabis Market:

  • Extensive coverage of the analysis of the Cannabis market
  • Key insights into the regional spread of the industry in key geographies
  • Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
  • Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Cannabis market
  • Complete data about the key manufacturers and vendors in the Cannabis market

Read More: https://www.emergenresearch.com/industry-report/cannabis-market

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