China Cannabis Technology Market Size & Outlook, 2023-2030

The cannabis technology market in China is expected to reach a projected revenue of US$ 803.5 million by 2030. A compound annual growth rate of 26.3% is expected of China cannabis technology market from 2024 to 2030.
Revenue, 2023 (US$M)
$156.4
Forecast, 2030 (US$M)
$803.5
CAGR, 2024 - 2030
26.3%
Report Coverage
China

China cannabis technology market highlights

  • The China cannabis technology market generated a revenue of USD 156.4 million in 2023 and is expected to reach USD 803.5 million by 2030.
  • The China market is expected to grow at a CAGR of 26.3% from 2024 to 2030.
  • In terms of segment, consumption was the largest revenue generating application in 2023.
  • Warehousing is the most lucrative application segment registering the fastest growth during the forecast period.


Cannabis technology market data book summary

Market revenue in 2023USD 156.4 million
Market revenue in 2030USD 803.5 million
Growth rate26.3% (CAGR from 2023 to 2030)
Largest segmentConsumption
Fastest growing segmentWarehousing
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationCultivation, Processing/Manufacturing, Warehousing, Consumption
Key market players worldwideArdent Health Services, Green Thumb Industries Inc, SpringBig Holdings Inc, Demetrix, Courier Plus, Jane Technologies, LeafLink


Other key industry trends

  • In terms of revenue, China accounted for 3.2% of the global cannabis technology market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China cannabis technology market is projected to lead the regional market in terms of revenue in 2030.
  • Thailand is the fastest growing regional market in Asia Pacific and is projected to reach USD 328.7 million by 2030.

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Cannabis Technology Market Scope

Cannabis technology market segmentation & scope
Indoor
Outdoor
Processing/Manufacturing
Warehousing
Vaporizers
Decarb Machine
Accessories(Tanks, Batteries, chargers, etc.)
Online
Offline
Hardware
Software
Medical
Recreational
Industrial

Cannabis Technology Market Companies

Name Profile # Employees HQ Website

China 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 32.74% in 2023. Horizon Databook has segmented the China cannabis technology market based on cultivation, processing/manufacturing, warehousing, consumption covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of China cannabis technology market databook

  • Our clientele includes a mix of cannabis technology market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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 country-level data and insights on the China cannabis technology market , including forecasts for subscribers. This country databook contains high-level insights into China cannabis technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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China cannabis technology market size, by application, 2018-2030 (US$M)

China Cannabis Technology Market Outlook Share, 2023 & 2030 (US$M)

China cannabis technology market size, by application, 2018-2030 (US$M)

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