Europe Cannabis Seeds Market – Industry Trends and Forecast to 2027
The cannabis seeds market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with the CAGR of 13.7% in the forecast period of 2020 to 2027 and expected to reach USD 7,000,548.00 million by 2027. Highly legalized region and demand for the cannabis seeds are high hence revenue generation is also high which is helping the market to grow in the region.
The cannabis seeds are instrumental to the type of cannabis plants grown. These seeds can be of various types including regular, auto-flower and feminized depending on the type of plant to be grown. The breeding of strains is done to produce the desired quality of strains. The cannabis seeds have two very important chemicals in them namely, cannabidiol (CBD) which is non-psychoactive element and tetrahydrocannabinol (THC) which is the psychoactive element. Depending on them, there are two seed varieties which are cannabidiol (CBD) and tetrahydrocannabinol (THC) dominant.
Seed banks provide seeds to the companies that use them for medicinal purpose which means that they should ensure that the seeds are of the best quality. This creates a demand for good quality cannabis seeds. Hence, increased medicinal use of cannabis acts as a driver for the cannabis seeds market. The trading, manufacturing and prescription of cannabis is a very complex process as the laws are different for every state. This acts as an obstacle for the companies and hence, complex regulatory structure for the usage of cannabis acts as a restraint for the cannabis seeds market.
Competitive Landscape and Cannabis Seeds Market Share Analysis
The cannabis seeds market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and source lifeline curve. The above data points provided are only related to the company’s focus related to cannabis seeds market.
The major players covered in the report are Dutch Passion, T.H.Seeds, Nymera, Royal Queen Seeds, Sweet Seeds, Serious Seeds, DNA Genetics, Sensi Seeds, Green House Seed Co., Pyramid Seeds, I Love Growing Marijuana, Amsterdammarijuanaseeds, and Paradise Seeds among other global and regional players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product launches and agreements are also initiated by the companies’ worldwide which are also accelerating the cannabis seeds market.
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