Global Billion Cannabis Products Markets, 2016-2021, 2021-2026F, 2031F by Products, Usage, Compound, & Route – ResearchAndMarkets.com
CANNANNEW REPORT
DUBLIN–(BUSINESS WIRE)–The "Cannabis Products Global Market Report 2022: By Product, By Usage, By Compound, By Route" report has been added to ResearchAndMarkets.com's offering. The global cannabis products market is expected to grow from $28.0 billion in 2021 to $35.0 billion in 2022 at a compound annual growth rate (CAGR) of 25.0%. The market is expected to reach $80.0 billion in 2026 at a CAGR of 23.0%. Major players in the cannabis products market are Canopy Growth Corporation, Aphria Inc, Aurora Cannabis, Cara Therapeutics, GW Pharmaceuticals PLC, Maricann Group, Tilray, The Cronos Group, Tikun Olam and United Cannabis Corporation. The cannabis products market consists of sales of cannabis products and related services. Cannabis is a psychoactive drug which is obtained from the cannabis plant of the cannabaceae family. Cannabis can be used for the treatment of various diseases such as chronic pain, cancer pain, depression, anxiety disorders, sleep disturbances and neurological disorders. The main types of products are flower, concentrates and others. The smokable section of the cannabis plant, also known as the bud or nug, is referred to as flower, bud, or nug. The different compounds include THC-dominant, CBD-dominant, balanced THC & CBD and can be used in medical, recreational. The various routes of administration include oral solutions and capsules, smoking, vaporizers, topicals and others. North America was the largest region in the cannabis products market in 2021. Middle East is expected to be the fastest growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The growing applications of cannabis in the medical field is an important driver for the cannabis products market. Cannabis is a drug that comes from Indian hemp plants such as Cannabis sativa and Cannabis indica, with THC (delta-9…
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Source : Global Billion Cannabis Products Markets, 2016-2021, 2021-2026F, 2031F by Products, Usage, Compound, & Route – ResearchAndMarkets.com
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