Czech Republic Cannabis Cultivation Market Size & Outlook
Czech Republic cannabis cultivation market, 2018-2030 (US$M)
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Czech Republic cannabis cultivation market highlights
- The Czech Republic cannabis cultivation market generated a revenue of USD 106.5 million in 2022 and is expected to reach USD 556.9 million by 2030.
- The Czech Republic market is expected to grow at a CAGR of 23% 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.
Cannabis cultivation market data book summary
| Market revenue in 2022 | USD 106.5 million |
| Market revenue in 2030 | USD 556.9 million |
| Growth rate | 23% (CAGR from 2022 to 2030) |
| Largest segment | Hemp |
| Fastest growing segment | Marijuana |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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
- Country-wise, South Africa is expected to lead the global market in terms of revenue in 2030.
- In Europe, France cannabis cultivation market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 3,813.0 million by 2030.
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Cannabis Cultivation Market Scope
Cannabis Cultivation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Czech Republic 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 78.22% in 2022. Horizon Databook has segmented the Czech Republic cannabis cultivation market based on hemp, marijuana covering the revenue growth of each sub-segment from 2018 to 2030.
Cannabis is legal in Czech Republic and is being widely used for various medical conditions, such as chronic pain, spasticity, and nausea. Regulatory guidelines for use of medical cannabis mention the monthly consumption limit of cannabis up to 180 g.
Prescribed medical marijuana must not exceed specific amount of THC and CBD content. The THC content must be in the range of 0.3% to 21% and CBD content should range from 0.1% to 19 %. In addition, cannabis used for medical purposes must not be hybrid, it can either be indica or sativa.
Medical use of cannabis is legal in the country; however, possession, use, cultivation, trafficking, and sale of marijuana for recreational purposes is still illegal. Thus, cultivation of cannabis for medical purposes is one of the major factors responsible for growth of this stringently regulated market.
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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 country-level data and insights on the Czech Republic cannabis cultivation market , including forecasts for subscribers. This country databook contains high-level insights into Czech Republic cannabis cultivation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Czech Republic cannabis cultivation market size, by biomass, 2018-2030 (US$M)
Czech Republic Cannabis Cultivation Market Outlook Share, 2022 & 2030 (US$M)
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