Marijuana Market Key Players Profiles, Industry Demand, Development Status, Opportunities, Future Prospects Forecast 2021 to 2030

In a recent published report, Kenneth Research has updated the market report for Marijuana Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Marijuana Market products.

Download Sample of This Strategic Report: https://www.kennethresearch.com/sample-request-10078298

According to the statistics by the Organization for Economic Co-operation and Development (OECD), production of maize increased from 8.28 tonnes/hectare in the year 2010 to 9.48 tonnes/hectare in the year 2019.

Factors such as the increasing crop production worldwide and the concern for the decreasing arable land for the cultivation of crops, which is raising the need amongst farmers to develop modern agricultural methods that provide increased yield with low input resources, are anticipated to drive the growth of the market. According to the statistics by the Organization for Economic Co-operation and Development (OECD), production of maize increased from 8.28 tonnes/hectare in the year 2010 to 9.48 tonnes/hectare in the year 2019.

Global Marijuana Market was valued at USD 17.2 Billion in the year 2017. Global Marijuana Market is further estimated to grow at a CAGR of 22.9% from 2019 to reach USD 88.97 Billion by the year 2025. North America region holds the highest Market share in 2017 and also considered as the fastest growing Market in the forecasted period. At a country level, developed industries like the U.S., Canada holds a substantial Market share in 2017 and it is projected to grow at a gradual pace in the coming years.

Major market players in Marijuana Market are Canopy Growth Corp., GW Pharmaceuticals PLC, Medical Marijuana Inc., United Cannabis, Cannabis Sativa Inc., GreenGro Technologies, Aurora Cannabis, CannaGrow Holdings Inc., Cara Therapeutics., GBSciences Inc., Lexaria Bioscience Corp., Aphria and other brief information of 10 companies will be provided in the report. Rising research and development expenses to address the changing demand of end users. Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of the top players in the last 5 years.

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SWOT Analysis of Marijuana Market:
Strength:
Growing use of marijuana in the medical Market

Weakness:
The stigma of marijuana in society

Opportunities:
Increasing demand in healthcare and pharmaceutical Market

Threats:
Different government regulation in different countries

The Global Marijuana Market is segmented on the basis of product types, application, usage, and region. By Application, pain management is expected to hold the highest Market share during the forecast period. On the other hand, by usage, medical usage holds the highest Market and also considered as fastest growing with highest CAGR during the year 2019-2025.

By Application
*Cancer
*Arthritis
*Alzheimer’s
*Pain Management
*Multiple Sclerosis
*Others

By Usage
*Medical Use
*Recreational Use

By Product Type
*Oils
*Cream
*Tinctures
*Powder
*Pills
*Others

By Region
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa

Download Sample of This Strategic Report-:https://www.kennethresearch.com/sample-request-10078298

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Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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