Future of the Cannabis Cultivation Market: Trends, Innovations, and Key Forecasts Through 2034

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cannabis* Cultivation Market Size Growth Forecast: What to Expect by 2025?
The size of the cannabis* cultivation market has seen swift expansion in the past few years. This growth is forecasted to continue, with the market size expected to rise from $179.32 billion in 2024 to $207.46 billion in 2025, equating to a compound annual growth rate (CAGR) of 15.7%. This historical growth can be linked to factors such as the trend in legalization, acceptance for medical use, increased consumer awareness, and an influx of investments.

How Will the cannabis* Cultivation Market Size Evolve and Grow by 2029?
Anticipated to witness substantial growth in the coming years, the cannabis* cultivation market is projected to reach a value of $397.14 billion in 2029, expanding at a compound annual growth rate (CAGR) of 17.6%. The projected growth in this period can be credited to initiatives in research and development, sustainable practices, and educating consumers. Key trends that will dominate this forecast period encompass technological innovation, worldwide expansion, development of brands, diversifying products, customizing strains, as well as market consolidation and competition.

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What Drivers Are Propelling the Growth of cannabis* Cultivation Market Forward?
The expectation that cannabis* will be increasingly used for managing chronic illnesses is set to boost the expansion of the cannabis* cultivation market. Chronic illnesses are defined as persistent health conditions that require ongoing medical attention and limit daily activities. The use of cannabis* in treating these conditions aids the cultivation sector by showing enough safety, efficacy, and consistency to meet regulatory standards for disorders like multiple sclerosis, as well as Dravet and Lennox-Gastaut Syndromes. For example, in April 2022, Octopus Ventures, a venture capital fund based in the UK, compared its benchmark to that of Canada. While in Canada, 1% of the population benefits from medicinal cannabis*, only 0.005% of the patients who could benefit from it are prescribed the drug in the UK. As a result, the increased use of cannabis* for treating chronic illnesses is fuelling the growth of the cannabis* cultivation market.

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What Are the Key Trends Driving cannabis* Cultivation Market Growth?
In the cannabis* cultivation market, a primary trend that is gaining considerable momentum is product innovation. To establish a stronger market presence, leading firms are concentrating on creating innovative products. In January 2022, for example, Prospiant, a provider of controlled environment agriculture (CEA) greenhouse solutions and cannabis* cultivation and extraction technologies from the US, introduced the Delta Ethanol Extraction CUP-5. This product was designed to accommodate the specific needs of prototype labs, educational research centers, and small-scale cannabis* processing facilities. Capable of managing plant material in batches as small as 3.5 pounds, it completes the extraction process in just 2 to 12 minutes during the cannabis* cultivation cycle. It utilizes mechanical centrifugation combined with closed-loop cold alcohol extraction technologies to yield a highly pure final product. Additionally, the Delta Ethanol Extraction CUP-5 also boasts the innovative feature of not needing a C1D2 environment or a hazardous location (HazLoc) requirement.

What Are the Key Segments in the cannabis* Cultivation Market?
The cannabis* cultivation market covered in this report is segmented -

1) By Type: cannabis* Indica, cannabis* Sativa
2) By Source: Flower or Buds, Leaves, Other Sources
3) By Application Outlook : Medical Consumption, Recreational Consumption, Industrial Consumption

Subsegments:
1) By cannabis* Indica: Medicinal Strains, Recreational Strains, Hybrid Strains
2) By cannabis* Sativa: Medicinal Strains, Recreational Strains, Hybrid Strains

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Who Are the Key Players Shaping the cannabis* Cultivation Market's Competitive Landscape?
Major companies operating in the cannabis* cultivation market include Pacific cannabis* Growers Inc., Atlas Growers Ltd., Canntrust Holdings Inc, The Hydropothecary Corporation, Better Holdings Inc., Canopy Growth Corporation, Aurora cannabis* Inc., Aphria Inc., Cronos Group Inc., Tilray Inc., GW Pharmaceuticals plc, Organigram Holdings Inc., Harvest Health & Recreation Inc., Green Thumb Industries Inc., Trulieve cannabis* Corp., Curaleaf Holdings Inc., Cresco Labs Inc., TerrAscend Corp., MedMen Enterprises Inc., Acreage Holdings Inc., Columbia Care Inc., Vireo Health International Inc., Liberty Health Sciences Inc., Harvest One cannabis* Inc., Emerald Health Therapeutics Inc., Aleafia Health Inc., The Green Organic Dutchman Holdings Ltd., Supreme cannabis* Company Inc., CannTrust Holdings Inc., Cannara Biotech Inc., Auxly cannabis* Group Inc., MediPharm Labs Corp., Neptune Wellness Solutions Inc., Zenabis Global Inc.

What Geographic Markets Are Powering Growth in the cannabis* Cultivation Market?
Asia-Pacific was the largest region in the cannabis* cultivation market in 2024.The regions covered in the cannabis* cultivation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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