Cannabis Products Market High Growth Trends, Competitive Insights, Size Analysis 2021 And Opportunities Forecast To 2030
Cannabis Products Global Market Report 2021 by The Business Research Company is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact – both negative and positive – of COVID-19 on the cannabis products industry gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. This includes revised market numbers according to the effects of the coronavirus and the expected cannabis products market growth numbers 2021-2030.
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The Cannabis Products Global Market Report 2020-30 by The Business Research Company provides an in-depth analysis of the global cannabis products market and covers both the historic period, 2015 to 2020, and the forecast period, 2020 to 2030. The report evaluates the market and major economies across the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Cannabis Products Global Market Report 2021 covers cannabis products market drivers, cannabis products market trends, cannabis products market growth rate, cannabis products market major players, player-adopted strategies in the market, and cannabis products market size.
The global cannabis products market is expected to grow from $16.51 billion in 2020 to $18.37 billion in 2021 at a compound annual growth rate (CAGR) of 11.3%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The cannabis products market is expected to reach $46.19 billion in 2025 at a CAGR of 25.9%
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The report covers the cannabis products market segments-
1) By Product Type: Flower, Concentrates, Others
2) By Usage: Medical, Recreational
3) By Compound: THC-Dominant, CBD-Dominant, Balanced THC & CBD
4) By Route Of Administration: Oral Solutions And Capsules, Smoking, Vaporizers, Topicals, Others
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