Cannabis Cultivation Market, By Product Type (Marijuana, Hemp, CBD Oil and Others (Gummies, Beverages, Topicals)), By Method of Cultivation (Indoor, Greenhouse and Outdoor (Canopy Growth,OrganiGram)), By Medical Application (Pain Management, Mental Disorders, Neurological Disorders and Others (Epilepsy, Cancer, Alzheimer\'s disease)), By End Use (Medical, Recreational and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)
North America is expected to be the largest market for cannabis cultivation market during the forecast period, accounting for over 36.2% of the market share in 2023. The growth of the market in North America is attributed to the increasing legalization of medical cannabis across the country.
The Europe market is expected to be the second-largest market for cannabis cultivation market, accounting for over 27.5% of the market share in 2023. The growth of the market in is attributed to the increasing awareness about the medical benefits of cannabis in the region.
The Asia Pacific market is expected to be the fastest-growing market for cannabis cultivation market, with a CAGR of over 25.5% during the forecast period. The growth of the market in Asia Pacific is attributed to the increasing adoption of energy-efficient methods in the region.
Geographies covered:
North America: U.S. and Canada
Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa and Rest of Middle East