Global Cannabis Technology Market Size & Outlook
Global cannabis technology market, 2018-2030 (US$M)
Related Markets
Global cannabis technology market highlights
- The global cannabis technology market generated a revenue of USD 4,845.2 million in 2023 and is expected to reach USD 23,463.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 25.3% by 2030.
- In terms of segment, consumption accounted for a revenue of USD 1,587.5 million in 2023.
- Warehousing is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 4,845.2 million |
| Market revenue in 2030 | USD 23,463.8 million |
| Growth rate | 25.3% (CAGR from 2023 to 2030) |
| Largest segment | Consumption |
| Fastest growing segment | Warehousing |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cultivation, Processing/Manufacturing, Warehousing, Consumption |
Other key industry trends
- In terms of revenue, the North America accounted for 56.2% of the global cannabis technology market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 392.5 million by 2030.
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Cannabis Technology Market Scope
Cannabis Technology Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global cannabis technology 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 technology market will help companies and investors design strategic landscapes.
Consumption was the largest segment with a revenue share of 32.76% in 2023. Horizon Databook has segmented the Global cannabis technology market based on cultivation, processing/manufacturing, warehousing, consumption covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Cannabis Technology Application Outlook (Revenue, USD Million, 2018-2030)
- Cultivation
- Indoor
- Outdoor
- Processing/Manufacturing
- Warehousing
- Consumption
- Vaporizers
- Decarb Machine
- Accessories(Tanks, Batteries, chargers, etc.)
- Cultivation
- Global Cannabis Technology Distribution Channel Outlook (Revenue, USD Million, 2018-2030)
- Online
- Offline
- Global Cannabis Technology Component Outlook (Revenue, USD Million, 2018-2030)
- Hardware
- Software
- Global Cannabis Technology End Use Outlook (Revenue, USD Million, 2018-2030)
- Medical
- Recreational
- Industrial
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Target buyers of Global cannabis technology market databook
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Our clientele includes a mix of cannabis technology 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 global-level data and insights on the Global cannabis technology market , including forecasts for subscribers. This global databook contains high-level insights into Global cannabis technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global cannabis technology market size, by regions, 2018-2030 (US$M)
Top 10 countries: Cannabis technology market size, 2023 (US$M)
Global cannabis technology market share, by application, 2023 & 2030 (%, US$M)
Cannabis technology market: Opportunity assessment by country
Global cannabis technology market, by region, 2023 (US$M)
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