For a year, the client needs to purchase minimum 2 seat plan.Īvenue Library Subscription | Request for 14 days free trial of before buying: Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. The report helps the target audience in determining the market performance, performance of each segment, product portfolio development in the market, and contributions made by each player to the market expansion.Īvenue Basic Plan | Library Access | 1 Year Subscription | These players have implemented key business strategies such as strategic expansion, new product launches, alliances, and joint ventures for enhancing market penetration and reinforcing their position in the industry. The report analyzes these key players in the global cannabis seeds market. The growth of the regional market over the forecast period can be attributed to the legalization of cannabis in several countries in Africa. However, the LAMEA region is anticipated to record the fastest CAGR of 30.5% from 2022 to 2031. The growth of the market in the region over the forecast timespan can be credited to the high demand for cannabis and cannabis products in the region. The region accounted for more than four-fifths of the global cannabis seeds market in 2021. North America to retain global market domination over 2022-2031īy Region, North America contributed notably in 2021, and is projected to continue its dominance during the forecast period. Apart from this, the constant evolution of the retail industry along with changes in consumer behavior and improvement in overall lifestyle across the world has led to the introduction of specialized retail formats, thereby driving segmental growth. The segmental surge can be due to the delivery of high-quality service and detailed product specifications & expert guidance to customers. However, the specialty stores segment is predicted to register the fastest CAGR of nearly 19.4% from 2022 to 2031. Furthermore, wholesalers and distributors play a pivotal role in the acquisition, storage, and preparation for the sale of cannabis products to their customers. The expansion of this segment over the forecast timeline is due to the segment being a key component of logistics and transport activities. Reportedly, this segment is predicted to contribute majorly toward an overall market share in 2031. In terms of the distribution channel, the wholesalers and distributors segment contributed to the highest market share in 2021, accounting for more than half of the global cannabis seeds market share. The wholesalers and distributors segment to dominate the global market by 2031 The report also includes other segments such as autoflowering seeds. The growth of the segment over the forecast period can be attributed to the rise in the number of commercial and residential growers of cannabis. Furthermore, the feminized seeds segment is anticipated to record the fastest CAGR of 19.5% over the forecast period. The growth of the segment over the forecast period can be due to the use of regular seeds in the commercial production of cannabis. Reportedly, this segment is predicted to contribute majorly toward overall market share by 2031. On basis of the type, the regular seeds segment contributed to the highest market share in 2021, accounting for nearly half of the global market share. The regular seeds segment to hold the major market share over 2022-2031 The report also analysis other segments such as the organic segment. The growth of the segment over the forecast period can be attributed to the use of conventionally grown cannabis in chemical fertilizers and pesticides for preventing pest infestations in plants. Furthermore, this same segment is predicted to register the fastest CAGR of nearly 18.7% from 2022 to 2031. The conventional segment to dominate the global market in terms of revenue by 2031īased on the nature, the conventional segment contributed to the highest market share in 2021, accounting for more than half of the global cannabis seeds market share.
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