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Rising Demand for Sustainable Materials Drives Growth in Cannabis Market: A Comprehensive Study

Submitted by bellk1916 on Wed, 03/15/2023 - 05:21

Industry Analysis
Medicinal cannabis constitutes a significant share of the cannabis market, as several countries including Australia, Canada, Chile, Colombia, Germany, Greece, Israel, Italy, the Netherlands, Peru, Poland, Portugal, and Uruguay have legalized its use for medical purposes. According to Data Bridge Market Research, the global cannabis market was worth USD 25.40 billion in 2021 and is expected to reach USD 168.58 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 9% during the forecast period from 2022 to 2029.
Cannabis Market analysis report figures out market landscape, brand awareness, latest trends, possible future issues, industry trends and customer behavior so that the business can stand high in the crowd. It includes extensive research on the current conditions of the industry, potential of the market in the present and the future prospects from various angles. This market report comprises of data that can be pretty essential when it comes to dominating the market or making a mark in the Chemical and Materials industry as a new emergent. To bestow clients with the best results, Data bridge market research document is produced by using integrated approaches and latest technology.
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Market Insights and Scope
The effects of different compounds found in cannabis can vary, with some having a psychoactive effect while others do not. The potency and balance of these compounds can depend on factors such as how the plant is grown and processed. Cannabis has numerous medicinal benefits such as managing epileptic seizures, helping those with PTSD, protecting the brain after a stroke, alleviating rheumatoid arthritis, and reducing side effects of chemotherapy. The plant is used for both medical and recreational purposes, with people utilizing different parts such as the dried leaves and seed oil. Its positive effects can alleviate symptoms of various diseases, including chronic pain.
An excellent Data bridge market research report covers the systematic and comprehensive market research study, to provide the facts and figures allied with any subject in the field of marketing. With the specific and state-of-the-art information presented in this industry report, businesses can be aware about the types of consumers, consumer’s demands and preferences, their perspectives about the product, their buying intentions, their response to particular product, and their varying tastes about the specific product already existing in the Chemicals and Materials industry. Quality and transparency are strictly maintained while carrying out research studies to offer an exceptional market research report for specific niche.
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Industry Segmentation and Size
The cannabis market is segmented on the basis of product type, usage, crop variety and distribution channel. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
• Buds
• Oil
• Tinctures
• Others
• Medical
• Recreational
Crop Variety
• Cannabis Indica
• Cannabis Sativa
• Others
Distribution Channel
• Physical
• Digital
• Others

Market Country Level Analysis
The countries covered in the cannabis market report are
• U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).

Industry Share Analysis
Some of the major players operating in the cannabis market are:
• The Cronos Group (Canada)
• Tilray (US)
• Marley Natural (US)
• Aurora Cannabis (Canada)
• Cara Therapeutics (US)
• Medcan Australia (Australia)
• Sundial Growers Inc. (Canada)
• Canopy Growth Corporation (Canada)
• The Scotts Company LLC (US)
• Aphria Inc. (Canada)
• VIVO Cannabis Inc. (Canada)
• Cannatrek (Australia)
• SpeedWeed (US)
• GW Pharmaceuticals plc. (UK)
• Harborside Health Center (US)
• Steep Hill, Inc. (US)
• CBD Einstein. (US)
• Weedmaps (US)

Cannabis Market Report Answers the Following Questions:
What factors are driving the growth of the Cannabis Market?
What are the end-user industries for Cannabis Market?
How has the demand for Cannabis Market changed over time?
What is the future outlook for the Cannabis Market?
What are the major players in the Cannabis Market?
How has the COVID-19 pandemic affected the Cannabis Market?
What are the challenges faced by the Cannabis Market?

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