Marijuana: Top Drivers that will Enable COVID-19 Recovery

Aurora Cannabis Inc., Bhang Corp., Canopy Growth Corp., Jazz Pharmaceuticals Plc, Lexaria Bioscience Corp., Medical Marijuana Inc. are some of the key vendors discussed in the research

The Global Marijuana Market is projected to grow by $ 28.72 billion, accelerating at a CAGR of 22.54% till 2025. This research report delineates the growth drivers that will boost market growth along with a detailed analysis of the market segments, trends and challenges that are likely to impact market growth.

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Marijuana Market: What are the factors that will drive market growth?

Technavio has identified the rising number of countries decriminalizing and legalizing marijuana as one of the key factors that will drive this market. There is a huge growth potential for Medical and Recreational marijuana among end-user industries. This research report provides a comprehensive analysis of this and all the other factors that will propel market growth. The report also takes into account the current market scenario, trends, and challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.

Marijuana Market: Segments and Geographical Regions

This research report provides insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges on each market segment along with insights into the way forward. These insights will equip clients with information that will help them design a growth strategy for their business and area of operation. Marijuana Market is segmented by Product (Medical marijuana and Recreational marijuana) and Geography (North America, Europe, APAC, South America, and MEA). Request our Free Sample Report

Marijuana Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Aurora Cannabis Inc., Bhang Corp., Canopy Growth Corp., Jazz Pharmaceuticals Plc, Lexaria Bioscience Corp., Medical Marijuana Inc., MM Enterprises USA LLC, Tikun Olam, Tilray Inc., and VIVO Cannabis Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations. For more insights on this market: Download a Free Sample Report

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• CBD Market: The CBD market and it is expected to grow by $ 29.91 billion, accelerating at a CAGR of almost 26.93% during the forecast period.
• Global Cannabis-infused Edible Products Market: The global cannabis-infused edible products market and it is expected to grow by $ 25.27 billion, accelerating at a CAGR of almost 21.74% during the forecast period.
• Legal Cannabis Market: The legal cannabis market is set to grow by $ 34.91 billion, accelerating at a CAGR of almost 21.39% during the forecast period.
• Industrial Hemp Market: The industrial hemp market is set to grow by $ 5.95 bn, accelerating at a CAGR of almost 16.10% during the forecast period.

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market will accelerate at a CAGR of 22.54%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 28.72 bn through 2021-2025.
    
3. What is a key factor driving this market?
   Rising number of countries decriminalizing and legalizing marijuana will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   90% growth will originate from North America
    
6. Who are the leading market vendors?
   The leading vendors in this market are Aurora Cannabis Inc., Bhang Corp., Canopy Growth Corp., Jazz Pharmaceuticals Plc, Lexaria Bioscience Corp., Medical Marijuana Inc., MM Enterprises USA LLC, Tikun Olam, Tilray Inc., and VIVO Cannabis Inc.
    
7. What are the market segments covered in this report?
   The market is segmented by Product (Medical marijuana and Recreational marijuana) and Geography (North America, Europe, APAC, South America, and MEA)