Global cannabis seeds market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with the CAGR of 14.5% in the forecast period of 2020 to 2027 and is expected to reach USD 723.77 million by 2027. Highly legalized region and demand for the cannabis seeds are high hence revenue generation is also high which is helping the market to grow in the region.
Cannabis Seeds market research report provides clients with the information on their business scenario with which they can build business strategies to thrive in the market. This market report takes into consideration several industry research, customer insights, market sizing & forecast, competitive analysis, market entry strategy, pricing trends, sustainability trends, innovation trends, technology evolution, and distribution channel assessment. The industry report covers all the market shares and approaches of the major competitors or the key players in the market. Global Cannabis Seeds report also identifies significant trends and factors driving or inhibiting the market growth.
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Some of the major players operating in the cannabis seeds market are Seed Cellar, HUMBOLDT SEED COMPANY, BARNEY’S FARM, CANNABIS SEEDS USA, Dinafem Seeds, Tropical Seeds Co., Sweet Seeds, Serious Seeds, DNA Genetics, Sensi Seeds, Green House Seed Co., I Love Growing Marijuana, Pyramid Seeds, Seeds For Me, DeliciousSeeds, Christiania Seeds, Nymera, T.H.Seeds, Royal Queen Seeds, Dutch Passion, Paradise Seeds B.V., Amsterdammarijuanaseeds, and Crop King Seeds among others.
Insights of the Study
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments, and product portfolios of the leading players in the trocars market
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
- Product Development/Innovation: Detailed insights on the product approvals, R&D activities, and product launches in the Cannabis Seeds market
- Company profiling with comprehensive approaches and methodologies, financials, and latest technological developments
- To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the Cannabis Seeds market growth
COVID-19 Impact on Cannabis Industry
COVID-19 pandemic has taken a toll on the global population and economy. A collaborative effort on governments, public health departments, and hospital fraternity to fight the coronavirus has led to economic slowdowns, global lockdowns, and extreme public safety measures. The public health measures include creating awareness about home quarantine measuring, maintaining food and healthcare supply, especially to the poor are being strictly followed by governments across the world.
Despite the pandemic situation, the market for cannabis has shown drastic growth due to its medicinal properties and consumer preferences towards cannabis-based products. The demand for cannabis-based food and beverage along with the smoking products is rising in the countries where legalization of cannabis is already done. Due to the medicinal properties of cannabis, the governments of many countries are focusing on legalizing the cannabis-based products; this is expected to drive the market for cannabis globally. Increasing the inclination of the younger population towards cannabis in various forms is also a major factor affecting the market for cannabis-based products.
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Global Cannabis Seeds Market Scope and Market Size
Global cannabis seeds market is categorized into seed type, strain, compound, category, distribution channel, type of vendors. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of seed type, the cannabis seeds market is segmented into regular seeds, feminized seeds and autoflowering seeds. In 2020, regular seeds segment is dominating the market as majority of the companies are manufacturing regular seeds and also they don’t require many efforts and are easy to grow.
- On the basis of strain, the cannabis seeds market is segmented into indica, hybrid and sativa. In 2020, indica segment is dominating the market as the majority of the manufacturers have strains of indica and it is preferred more by people. However, the hybrid segment may grow in future as people and manufacturers are giving preference to the genetically modified stains.
- On the basis of compound, the cannabis seeds market is segmented into THC dominant, CBD dominant and balanced THC & CBD. In 2020, the THC segment is dominating because THC is the psychoactive element of cannabis and it is highly required for medicinal purposes.
- On the basis of category, the cannabis seeds market is segmented into inorganic and organic. In 2020, inorganic segment is dominating as inorganic agriculture is increasing but in future the organic segment is set to increase as people are shifting towards organic products and also inorganic farming makes use of chemicals which may not be good for health.
- On the basis of distribution channel, the cannabis seeds market is segmented into store based retailing and online/e-commerce retailing. In 2020, store based retailing segment is dominating as people find it easy to purchase from stores and they can check the quality of products they are purchasing. However, in future online retailing will increase as people are shifting towards online shopping as they find it convenient. .
- On the basis of type of vendors, the cannabis seeds market is segmented into resellers, breeders and seeds manufacturing companies. In 2020, resellers segment is dominating as there are a large number of resellers as compared to breeders and seeds companies. Moreover, the growers prefer to purchase the seeds from seeds banks as they have a larger variety.
Key Pointers Covered in Cannabis Seeds Market Industry Trends and Forecast to 2027
- Market Size
- Market Standards and Changes
- Raw Material Import Value
- Price Analysis
- Regulatory Framework
- COVID-19 impact on global cannabis seeds market
- Production and Consumption Pattern
- Recent Developments for Market Competitors
- Sales Data for Market Competitors
- Key Vendors and Disruptors Study
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Key Reasons to Purchase Cannabis Seeds Report:
- To gain insightful analyses of the market and have comprehensive understanding of the Global Cannabis Seeds and its commercial landscape.
- Assess the Cannabis Seeds production processes, major issues, and solutions to mitigate the development risk.
- To understand the most affecting driving and restraining forces in the Cannabis Seeds and its impact in the Global market.
- Learn about the market strategies that are being adopted by leading respective organizations.
- To understand the future outlook and prospects for Global Cannabis Seeds.
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