The latest research report by Emergen Research, named ‘Global cannabis market - Forecast to 2027 . The report offers these individuals a vivid description of the competitive spectrum of the global cannabis market .The global health emergency has beleaguered the global economy, thereby disrupting this particular business domain’s functioning mechanism. It assesses the present market scenario and forecasts the pandemic’s aftermath in this business sector to help organizations boost their COVID-19 preparedness.
The Global Cannabis Market is projected to reach USD 48.29 billion in 2027. The market is being predominantly driven by the growing usage of cannabis for many medicinal and recreational usage and increasing legalization in many countries with proliferating portfolio of end-use products. Rising proven studies suggests supporting the medicinal properties to treat many medical conditions including chronic pain, glaucoma, and poor appetite, nausea, migraines, seizures, and anxiety, among many others have been helping grow its usage amongst the end-users.
To know more about the report, visit @ https://www.emergenresearch.com/industry-report/cannabis-market
Key participants include :
Canopy Growth Corporation, Aurora Cannabis Inc., Tikun Olam, Cannabis Science Inc., Aphria Inc., Maricann Group Inc., Tilray Inc., VIVO Cannabis Inc., Medical Marijuana, Inc., STENOCARE, Cronos Group Inc., Terra Tech Corp., and MedMen, among others.
Covid 19 impact:
This report is the latest document encompassing the massive changes that took place in the cannabis market following the emergence of the COVID-19 pandemic. The pandemic has drastically affected the global economic landscape, thereby disrupting the operating mechanism of the cannabis market .. The report assesses the profound changes in this business setting caused by the outbreak and considers the prominent market aspects that have been severely disrupted by the pandemic. The report thus expounds on the rapidly changing market scenario in this COVID-19 era, which aims to help businesses involved in this sector overcome the pandemic’s gripping effects and formulate new growth strategies to boost the COVID-19 preparedness.
Key Offerings of the Report:
Detailed overview of market dynamics including drivers, restraints, opportunities, challenges, and growth prospects
Analysis of the key strategic initiatives and competitive landscape including mergers acquisitions, joint ventures, collaborations, product launches, and brand promotions, and partnerships, among others
Comprehensive analysis of the industry outlook and analysis of the industrial chain
Market forecast based on global, regional, and country-level market analysis
Competitive landscape benchmarking
In-depth analysis of the key market players with their product portfolios, financial positions, unique selling points, market share and size, and a comprehensive overview of their business
For the purpose of this report, Emergen Research has segmented into the global Cannabis Market on the basis of Product Type, Compound, Application, and region:
Product Type Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
Compound Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
- Cannabidiol (CBD)
- Balanced THC CBD
Application Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
- Pain Management
- Neurological Health Management
- Mental Health Management
North America is the leading region in the global cannabis market , owing to the highest demand for Sustainable packaging in this region for food and dietary supplements. Among the North American countries, the U.S. is the leading country in terms of market value. It has the highest demand for Sustainable packaging , given the highest prevalence rate of obesity in the country. Over the forecast years, the demand for Sustainable packaging is projected to rise in the Asia Pacific for the large-scale manufacture of dietary supplements in the region. Moreover, the demand for these fibers is expected to grow in Europe and the Middle East Africa regions due to their extensive application in the personal care cosmetics industries in these regions.
The report is formulated through extensive primary and secondary research and is curated with an intent to offer the readers and businesses a competitive edge over other players in the industry.
Key Questions Answered in the Report:
What is the growth rate of the cannabis market ? What is the anticipated market valuation of cannabis market industry by 2027?
What are the key growth driving and restraining factors of the cannabis market ?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the cannabis market industry over the forecast period?
Which region is expected to show significant growth in the coming years?
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