Mar 16, 2020 (AmericaNewsHour) — 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
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This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
WHAT ARE THE KEY SEGMENTS IN THE MARKET?
*By product type
*By End User/Applications
*By Technology
*By Region
WHICH MARKET DYNAMICS AFFECTS THE BUSINESS?
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
Key Topic Covered in this Report
*Market Growth Opportunities
*Leading Market Players
*Market Size and Growth Rate
*Market Growth Drivers
*Company Market Share
*Market Trends and Technological
The Marijuana Market report highlight the economy, past and emerging trend of industry, and availability of basic resources. Furthermore, the market report explains development trend, analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out. In the end, the report makes some important proposals for a new project of Marijuana Market before evaluating its possibility.
Reasons to Purchase this Report
*Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
*Provision of market value (USD Billion) data for each segment and sub-segment
*Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
*Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
*Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
*Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
*The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
*Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
*Provides insight into the market through Value Chain
*Market dynamics scenario, along with growth opportunities of the market in the years to come
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The post Marijuana Market : Industry Outlook By Drivers, Restraints And 2017-2025 appeared first on America News Hour.
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