Asia Pacific Cannabis Cultivation Market Size & Outlook
Asia Pacific cannabis cultivation market, 2018-2030 (US$M)
Related Markets
Asia Pacific cannabis cultivation market highlights
- The Asia Pacific cannabis cultivation market generated a revenue of USD 27,532.2 million in 2022.
- The market is expected to grow at a CAGR of 23.1% from 2023 to 2030.
- In terms of segment, hemp was the largest revenue generating biomass in 2022.
- Marijuana is the most lucrative biomass segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 27,532.2 million |
| Market revenue in 2030 | USD 145,592.5 million |
| Growth rate | 23.1% (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 |
| Key market players worldwide | Canopy Growth Corp, Aurora Cannabis Inc, Tilray Brands Inc, The Cronos Group, OrganiGram Holdings Inc, Atlas Growers, CannTrust Holdings Inc, The Hydropothecary Corp, Cannabist Company Holdings Inc, Aurora Cannabis |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 7.0% of the global cannabis cultivation market in 2022.
- Globally, MEA is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 145,592.5 million by 2030.
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Cannabis Cultivation Market Scope
Cannabis Cultivation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 90.09% in 2022. Horizon Databook has segmented the Asia Pacific cannabis cultivation market based on hemp, marijuana covering the revenue growth of each sub-segment from 2018 to 2030.
Cannabis regulations in Asia Pacific vary significantly between countries. These laws are strongly dependent on traditional, cultural, and religious beliefs of people. Cannabis plays a major role in Afghanistan’s predominant culture.
Despite using cannabis in the form of hashish, its cultivation & use as cannabis or derivatives, such as CBD, is strictly prohibited. In many other countries of the region, cannabis along with CBD remains illegal, primarily because the countries do not differentiate between hemp and marijuana.
However, this creates a problem for people intending to use cannabis as a medicine. Focusing on health benefits provided by cannabis could help in legalizing it in the region. Moreover, the countries in this region are considered as emerging markets for cannabis and derivatives.
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Target buyers of Asia Pacific 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific cannabis cultivation market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific cannabis cultivation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific cannabis cultivation market size, by country, 2018-2030 (US$M)
Asia Pacific Cannabis Cultivation Market Outlook Share, 2022 & 2030 (US$M)
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