Global Cannabis Cultivation Market Size & Outlook
Global cannabis cultivation market, 2018-2030 (US$M)
Related Markets
Global cannabis cultivation market highlights
- The global cannabis cultivation market generated a revenue of USD 392,070.3 million in 2022 and is expected to reach USD 1,844,140.9 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 21.4% by 2030.
- In terms of segment, hemp accounted for a revenue of USD 308,477.4 million in 2022.
- Marijuana is the most lucrative biomass segment registering the fastest growth during the forecast period.
- In terms of region, MEA was the largest revenue generating market in 2022.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 392,070.3 million |
| Market revenue in 2030 | USD 1,844,140.9 million |
| Growth rate | 21.4% (CAGR from 2022 to 2030) |
| Largest segment | Hemp |
| Fastest growing segment | Marijuana |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hemp, Marijuana |
Other key industry trends
- In terms of revenue, the North America accounted for 4.7% of the global cannabis cultivation market in 2022.
- By country, the South Africa is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 26,756.1 million by 2030.
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Cannabis Cultivation Market Scope
Cannabis Cultivation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global cannabis cultivation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cannabis cultivation market will help companies and investors design strategic landscapes.
Hemp was the largest segment with a revenue share of 78.68% in 2022. Horizon Databook has segmented the Global cannabis cultivation market based on hemp, marijuana covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Cannabis Cultivation Biomass Outlook (Revenue, USD Million, 2018-2030)
- Hemp
- Marijuana
- Global Cannabis Cultivation Application Outlook (Revenue, USD Million, 2018-2030)
- Medical
- Adult Use
- Industrial
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Our clientele includes a mix of cannabis cultivation market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global cannabis cultivation market , including forecasts for subscribers. This global databook contains high-level insights into Global cannabis cultivation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global cannabis cultivation market size, by regions, 2018-2030 (US$M)
Top 10 countries: Cannabis cultivation market size, 2022 (US$M)
Global cannabis cultivation market share, by biomass, 2022 & 2030 (%, US$M)
Cannabis cultivation market: Opportunity assessment by country
Global cannabis cultivation market, by region, 2022 (US$M)
| Biomass | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 13,313.7 | 14,550.5 | 15,931.2 | 17,013.5 | 18,595.8 | 20,343.8 | 22,276.5 | 24,437.3 | 26,832.1 | 29,515.4 | 32,496.4 | 35,827.3 | 39,549.7 | 9.9% |
| Europe | 5,102.2 | 6,051.7 | 7,082.6 | 8,090.2 | 9,557.7 | 11,436.8 | 13,784.9 | 16,697.7 | 20,321.1 | 24,803.1 | 30,326.9 | 37,404.8 | 46,379.9 | 21.8% |
| Asia Pacific | 12,272.2 | 15,458.7 | 18,681.7 | 22,343.1 | 27,532.2 | 33,932.3 | 41,816.7 | 51,540.9 | 63,505.8 | 78,209.4 | 96,257.0 | 118,413.0 | 145,592.5 | 23.1% |
| Latin America | 21,738.3 | 27,870.5 | 35,778.5 | 40,740.9 | 49,788.7 | 61,058.5 | 75,055.3 | 92,659.2 | 114,115.3 | 140,303.9 | 172,216.0 | 211,034.3 | 258,172.0 | 22.8% |
| MEA | 131,169.6 | 165,415.2 | 209,128.9 | 235,715.7 | 286,596.0 | 349,146.2 | 426,429.1 | 519,541.1 | 632,776.5 | 768,290.3 | 929,655.4 | 1,123,055.5 | 1,354,446.8 | 21.4% |
| Overall | 183,595.9 | 229,346.6 | 286,602.8 | 323,903.4 | 392,070.3 | 475,917.5 | 579,362.4 | 704,876.1 | 857,550.9 | 1,041,122.0 | 1,260,951.6 | 1,525,734.8 | 1,844,140.9 | 21.4% |
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