Italy Cannabis Cultivation Market Size & Outlook
Italy cannabis cultivation market, 2018-2030 (US$M)
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Italy cannabis cultivation market highlights
- The Italy cannabis cultivation market generated a revenue of USD 936.6 million in 2022 and is expected to reach USD 3,513.6 million by 2030.
- The Italy market is expected to grow at a CAGR of 18% 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 936.6 million |
| Market revenue in 2030 | USD 3,513.6 million |
| Growth rate | 18% (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
- In terms of revenue, Italy accounted for 0.2% of the global cannabis cultivation market in 2022.
- 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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Italy 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 92.4% in 2022. Horizon Databook has segmented the Italy cannabis cultivation market based on hemp, marijuana covering the revenue growth of each sub-segment from 2018 to 2030.
In Italy, the medical use of marijuana was first approved in 2007. Presently, cannabis imported from the Netherlands is only allowed to be sold in the country. In January 2013, the health minister signed a bill that allows medical use of cannabis for patients with a valid prescription from a licensed physician.
Patients are now allowed to obtain medical cannabis legally from licensed and state-run pharmacies. However, till date, the only cannabis available is imported from the Netherlands. The cost of such medicines is high as compared to its price in the Netherlands.
In July 2015, 218 Italian lawmakers from various political parties signed a bill for legalizing the possession of medical marijuana up to 15 grams through the retail sales, and its cultivation for personal use.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy cannabis cultivation market , including forecasts for subscribers. This country databook contains high-level insights into Italy cannabis cultivation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy cannabis cultivation market size, by biomass, 2018-2030 (US$M)
Italy Cannabis Cultivation Market Outlook Share, 2022 & 2030 (US$M)
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