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 |
|---|---|---|---|---|
| Aurora Cannabis | View profile | 1001-5000 | Edmonton, Alberta, Canada, North America | https://auroramj.com |
| Cannabist Company Holdings Inc | View profile | 2221 | 680 Fifth Avenue, 24th Floor, New York, NY, United States, 10019 | https://cannabistcompany.com |
| The Hydropothecary Corp | View profile | 101-250 | Gatineau, Quebec, Canada, North America | https://thehydropothecary.com/ |
| CannTrust Holdings Inc | View profile | 576 | 3280 Langstaff Road, Unit 1, Building 1, Vaughan, ON, Canada, L4K 4Z8 | https://www.canntrust.ca |
| Atlas Growers | View profile | 11-50 | Edmonton, Alberta, Canada, North America | https://www.atlasgrowers.com |
| OrganiGram Holdings Inc | View profile | 987 | 145 King Street West, Suite 1400, Toronto, ON, Canada, M5H 1J8 | https://www.organigram.ca |
| The Cronos Group | View profile | 1001-5000 | Kontich, Antwerpen, Belgium, Europe | https://cronos-groep.be/ |
| Tilray Brands Inc | View profile | 1600 | 265 Talbot Street West, Leamington, ON, Canada, N8H 5L4 | https://www.tilray.com |
| Canopy Growth Corp | View profile | 1621 | 1 Hershey Drive, Smiths Falls, ON, Canada, K7A 0A8 | https://www.canopygrowth.com |
| Aurora Cannabis Inc | View profile | 1130 | 3498 63 Avenue, Leduc, AB, Canada, T9E 0G8 | https://www.auroramj.com |
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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Target buyers of Global cannabis cultivation market databook
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Our clientele includes a mix of cannabis cultivation market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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.
Partial client list
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)
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