Global Cannabis Cultivation Market Size & Outlook
The cannabis cultivation industry worldwide is expected to reach a projected revenue of US$ 1,844,140.9 million by 2030. A compound annual growth rate of 21.4% is expected of the worldwide cannabis cultivation industry from 2023 to 2030.
Revenue, 2022 (US$M)
$392,070.3
Forecast, 2030 (US$M)
$1,844,140.9
CAGR, 2023 - 2030
21.4%
Report Coverage
Worldwide
Global cannabis cultivation market, 2018-2030 (US$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 segmentation & 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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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.
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Global cannabis cultivation market statistics, by region, 2018-2030 (US$M)
Top 10 countries: Cannabis cultivation market size, 2022 (USD Million)
Top 10 countries: Cannabis cultivation market size, 2022 (USD Million)
Global cannabis cultivation market, by region, 2022 (US$M)
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