Dublin, Feb. 04, 2025 (GLOBE NEWSWIRE) — The “Cannabis Cultivation Market Report 2025” has been added to ResearchAndMarkets.com’s offering.
The cannabis cultivation market size has grown rapidly in recent years. It will grow from $179.32 billion in 2024 to $208.64 billion in 2025 at a compound annual growth rate (CAGR) of 16.3%. The growth in the historic period can be attributed to legalization trends, medical use acceptance, consumer awareness, investment inflow.
The cannabis cultivation market size is expected to see rapid growth in the next few years. It will grow to $407.91 billion in 2029 at a compound annual growth rate (CAGR) of 18.2%. The growth in the forecast period can be attributed to research and development, sustainable practices, consumer education.
Major trends in the forecast period include technological advancements, global expansion, brand development, product diversification, strain customization, consolidation and competition.
The adoption of cannabis for treating chronic diseases is anticipated to drive the growth of the cannabis cultivation market in the future. A chronic disease refers to a medical condition that persists for a year or longer, requiring ongoing medical care and limiting daily activities. The use of cannabis for chronic disease treatment supports cannabis cultivation by demonstrating safety, efficacy, and consistency that meet regulatory approval standards for conditions such as spasticity associated with multiple sclerosis and Dravet and Lennox-Gastaut Syndromes. For example, in April 2022, a report from Octopus Ventures, a UK-based venture capital fund, highlighted that while 1% of Canada’s population benefits from medicinal cannabis, the UK’s prescription rate stands at only 0.005% of those who could benefit. Thus, the increasing adoption of cannabis for chronic disease treatment is fueling the cannabis cultivation market.
The increasing public acceptance and demand for cannabis are expected to boost the growth of the cannabis cultivation market going forward. Cannabis refers to a genus of flowering plants in the Cannabaceae family. Greater public acceptance and demand lead to a larger consumer base, which, in turn, drives the need for more cannabis cultivation. This expanded market can boost production and sales. For instance, in August 2022, according to a report published by the National Institutes of Health (NIH), a US-based government agency, 43% of young adults reported using marijuana in 2021. Additionally, 29% of young adults reported using marijuana in the past month during the same year. Furthermore, the prevalence of daily marijuana use among young adults significantly increased, with 11% reporting daily use in 2021. Therefore, the increasing public acceptance and demand for cannabis are driving the growth of the cannabis cultivation market.
Product innovations are a key trend gaining popularity in the cannabis cultivation market. Major companies operating in the market are focused on developing innovative products to strengthen their position in the market. For instance, in January 2022, Prospiant, a US-based controlled environment agriculture (CEA) greenhouse solutions and cannabis cultivation and extraction technologies provider, launched Delta Ethanol Extraction CUP-5 to specifically meet the requirements of prototype labs, educational research centers, and small-scale cannabis processing facilities. During the process of cannabis cultivation, it can handle plant material in batches as small as 3. 5 pounds and finish the extraction process in 2 to 12 minutes. It combines mechanical centrifugation with closed-loop cold alcohol extraction technology to produce a high-purity final product. Its innovative features also include the ability to operate without a C1D2 environment or a hazardous location (HazLoc) requirement.
Major companies operating in the cannabis cultivation market are developing innovative products such as cannabis cleaning products to meet larger customer bases, more sales, and increase revenue. A cannabis cleaning product refers to a specialized cleaning solution or agent designed for the thorough and safe cleaning of various equipment, tools, surfaces, or accessories used in the cultivation, processing, or consumption of cannabis. For instance, in June 2023, Eteros Technologies USA Inc., a US-based provider of cannabis harvesting equipment, launched GMP Solutions. One distinctive aspect of this product is its provision of cutting-edge cleaning solutions tailored for cannabis harvesting and processing facilities. GMP Solutions is set to offer a comprehensive range of cleaning products tailored specifically for cannabis processing equipment, addressing the needs of small, large, and commercial-scale facilities that adhere to Good Manufacturing Practices (GMP) protocols. These GMP Solutions products are characterized by their non-toxic, biodegradable, and food-safe properties. At the heart of this product lineup is the Step 1 Cleaner, which is designed with a buffering agent to ensure a gentle pH-neutral action suitable for a wide range of surfaces. This cleaning solution effectively emulsifies, absorbs, and removes greases, resins, organics, and oils. It can also penetrate dyes and gums, even those typically resistant to caustic substances and hazardous solvents found in other cleaning agents. Notably, this cleaner produces no strong fumes or odors, making it safe for use in manufacturing and processing facilities and leaving surfaces completely residue-free after rinsing.
In February 2024, Curaleaf International, a US-based pharmaceutical company, acquired Can4Med for an undisclosed amount. This acquisition is intended to greatly enhance Curaleaf International’s presence in Poland’s rapidly expanding medical cannabis market. Can4Med, a pharmaceutical company based in Poland, specializes in the registration and distribution of medical cannabis and products that contain THC and other cannabinoids.
Major companies operating in the cannabis cultivation market include Pacific Cannabis Growers, Atlas Growers, Canntrust, The Hydropothecary Corporation, Better Holdings, Canopy Growth Corporation, Aurora Cannabis, Aphria, Cronos Group, Tilray, GW Pharmaceuticals, Organigram Holdings, Harvest Health & Recreation, Green Thumb Industries, Trulieve Cannabis Corp., Curaleaf Holdings, Cresco Labs, TerrAscend, MedMen Enterprises, Acreage Holdings, Columbia Care, Vireo Health International, Liberty Health Sciences, Harvest One Cannabis, Emerald Health Therapeutics, Aleafia Health, The Green Organic Dutchman Holdings, Supreme Cannabis Company, CannTrust Holdings, Cannara Biotech, Auxly Cannabis Group, MediPharm Labs, Neptune Wellness Solutions and Zenabis Global.
This report focuses on cannabis cultivation market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Markets Covered:
- By Type: Cannabis Indica; Cannabis Sativa
- By Source: Flower or Buds; Leaves; Other Sources
- By Application Outlook : Medical Consumption; Recreational Consumption; Industrial Consumption
Subsegments:
- By Cannabis Indica: Medicinal Strains; Recreational Strains; Hybrid Strains
- By Cannabis Sativa: Medicinal Strains; Recreational Strains; Hybrid Strains
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2025 – 2029 |
| Estimated Market Value (USD) in 2025 | $208.64 Billion |
| Forecasted Market Value (USD) by 2029 | $407.91 Billion |
| Compound Annual Growth Rate | 18.2% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Cannabis Cultivation Market Characteristics
3. Cannabis Cultivation Market Trends and Strategies
4. Cannabis Cultivation Market – Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics and Covid and Recovery on the Market
5. Global Cannabis Cultivation Growth Analysis and Strategic Analysis Framework
5.1. Global Cannabis Cultivation PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis of End Use Industries
5.3. Global Cannabis Cultivation Market Growth Rate Analysis
5.4. Global Cannabis Cultivation Historic Market Size and Growth, 2019-2024, Value ($ Billion)
5.5. Global Cannabis Cultivation Forecast Market Size and Growth, 2024-2029, 2034F, Value ($ Billion)
5.6. Global Cannabis Cultivation Total Addressable Market (TAM)
6. Cannabis Cultivation Market Segmentation
6.1. Global Cannabis Cultivation Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- Cannabis Indica
- Cannabis Sativa
6.2. Global Cannabis Cultivation Market, Segmentation by Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- Flower or Buds
- Leaves
- Other Sources
6.3. Global Cannabis Cultivation Market, Segmentation by Application Outlook, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- Medical Consumption
- Recreational Consumption
- Industrial Consumption
6.4. Global Cannabis Cultivation Market, Sub-Segmentation of Cannabis Indica, by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- Medicinal Strains
- Recreational Strains
- Hybrid Strains
6.5. Global Cannabis Cultivation Market, Sub-Segmentation of Cannabis Sativa, by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- Medicinal Strains
- Recreational Strains
- Hybrid Strains
7. Cannabis Cultivation Market Regional and Country Analysis
8-29. Country Specific Cannabis Cultivation Market Analysis
30. Cannabis Cultivation Market Competitive Landscape and Company Profiles
30.1. Cannabis Cultivation Market Competitive Landscape
30.2. Cannabis Cultivation Market Company Profiles
- Pacific Cannabis Growers Inc
- Atlas Growers
- Canntrust Holdings
- The Hydropothecary Corporation
- Better Holdings
31. Cannabis Cultivation Market Other Major and Innovative Companies
- Canopy Growth Corporation
- Aurora Cannabis
- Aphria
- Cronos Group
- Tilray
- GW Pharmaceuticals
- Organigram Holdings
- Harvest Health & Recreation
- Green Thumb Industries
- Trulieve Cannabis Corp.
- Curaleaf Holdings
- Cresco Labs
- TerrAscend
- MedMen Enterprises
- Acreage Holdings
32. Global Cannabis Cultivation Market Competitive Benchmarking and Dashboard
33. Key Mergers and Acquisitions in the Cannabis Cultivation Market
34. Recent Developments in the Cannabis Cultivation Market
35. Cannabis Cultivation Market High Potential Countries, Segments and Strategies
35.1 Cannabis Cultivation Market in 2029 – Countries Offering Most New Opportunities
35.2 Cannabis Cultivation Market in 2029 – Segments Offering Most New Opportunities
35.3 Cannabis Cultivation Market in 2029 – Growth Strategies
For more information about this report visit https://www.researchandmarkets.com/r/kb49mt
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