Global Cannabis Cultivation Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Biomass;

Hemp, and Marijuana.

By Application;

Medical Consumption, Recreational Consumption, and Industrial Consumption.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn870850322 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Cannabis Cultivation Market (USD Million), 2021 - 2031

In the year 2024, the Global Cannabis Cultivation Market was valued at USD 141,368.74 million. The size of this market is expected to increase to USD 404,386.16 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 16.2%.

The global cannabis cultivation market has experienced significant growth in recent years, driven by the increasing legalization and decriminalization of cannabis for both medicinal and recreational use across various regions. Countries such as Canada, the United States, and several European nations have enacted laws that allow for the regulated cultivation, distribution, and consumption of cannabis, contributing to the expansion of the market. This trend is further supported by the growing acceptance of cannabis-derived products for therapeutic purposes, with numerous studies highlighting their potential benefits in treating conditions such as chronic pain, epilepsy, and multiple sclerosis. As a result, the demand for high-quality, medicinal-grade cannabis has surged, prompting cultivators to adopt advanced agricultural techniques and technologies to optimize yield, potency, and consistency.

The cannabis cultivation market is characterized by significant investments and collaborations aimed at enhancing production capabilities and ensuring compliance with stringent regulatory standards. Companies are increasingly focusing on sustainable cultivation practices, including the use of energy-efficient lighting, organic farming methods, and water conservation techniques to reduce the environmental impact of cannabis farming. The development of genetically engineered cannabis strains tailored to specific medical conditions and consumer preferences is becoming a key area of innovation. This dynamic market is also witnessing the entry of major agricultural firms and pharmaceutical companies, further driving competition and fostering advancements in cultivation practices.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Biomass
    2. Market Snapshot, By Component
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Cannabis Cultivation Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Regulatory reforms and decriminalization efforts
        2. Shift in consumer attitudes towards cannabis use
        3. Growing retail infrastructure for cannabis products
        4. Integration into mainstream healthcare
      2. Restraints
        1. Complex and varied regulatory environments
        2. Concerns over abuse and addiction risks
        3. Lack of standardized testing and quality control
      3. Opportunities
        1. Development of cannabis nutraceuticals and wellness products
        2. Blockchain for supply chain transparency
        3. Sustainable cultivation practices
        4. Precision agriculture and IoT adoption
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Cannabis Cultivation Market, By Biomass, 2021 - 2031 (USD Million)
      1. Hemp
      2. Marijuana
    2. Global Cannabis Cultivation Market, By Component, 2021 - 2031 (USD Million)
      1. THC-Dominant
      2. Balanced THC & CBD
      3. CBD Dominant
    3. Global Cannabis Cultivation Market, By Application, 2021 - 2031 (USD Million)
      1. Medical Consumption
      2. Recreational Consumption
      3. Industrial Consumption
    4. Global Cannabis Cultivation Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape Analysis
    1. Company Profiles
      1. Toast
      2. Hello Juice & Smoothie
      3. The Beleaf Co.
      4. PharmaCielo
      5. Canopy Growth Corporation
      6. CANNPRISMA - PHARMA
  7. Analyst Views
  8. Future Outlook of the Market