Asia Pacific Cannabis Cultivation Market Size & Outlook
Asia Pacific Cannabis Cultivation Market, 2018-2030 (US$M)
Global Market
Related Markets
Asia Pacific cannabis cultivation market highlights
- The Asia Pacific cannabis cultivation market generated a revenue of USD 27,532.2 million in 2022.
- The market is expected to grow at a CAGR of 23.1% from 2023 to 2030.
- In terms of segment, hemp was the largest revenue generating biomass in 2022.
- Marijuana is the most lucrative biomass segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 27,532.2 million |
| Market revenue in 2030 | USD 145,592.5 million |
| Growth rate | 23.1% (CAGR from 2022 to 2030) |
| Largest segment | Hemp |
| Fastest growing segment | Marijuana |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hemp, Marijuana |
| Key market players worldwide | Canopy Growth Corp, Aurora Cannabis Inc, Tilray Brands Inc, The Cronos Group, OrganiGram Holdings Inc, Atlas Growers, CannTrust Holdings Inc, The Hydropothecary Corp, Cannabist Company Holdings Inc, Aurora Cannabis |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 7.0% of the global cannabis cultivation market in 2022.
- Globally, MEA is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 145,592.5 million by 2030.
Cannabis regulations in Asia Pacific vary significantly between countries. These laws are strongly dependent on traditional, cultural, and religious beliefs of people. Cannabis plays a major role in Afghanistan’s predominant culture.
Despite using cannabis in the form of hashish, its cultivation & use as cannabis or derivatives, such as CBD, is strictly prohibited. In many other countries of the region, cannabis along with CBD remains illegal, primarily because the countries do not differentiate between hemp and marijuana.
However, this creates a problem for people intending to use cannabis as a medicine. Focusing on health benefits provided by cannabis could help in legalizing it in the region. Moreover, the countries in this region are considered as emerging markets for cannabis and derivatives.
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Cannabis Cultivation Market Scope
Cannabis Cultivation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Aurora Cannabis Inc | View profile | 1,130 | 3498 63 Avenue, Leduc, AB, Canada, T9E 0G8 | www.auroramj.com |
| Canopy Growth Corp | View profile | 1,621 | 1 Hershey Drive, Smiths Falls, ON, Canada, K7A 0A8 | www.canopygrowth.com |
| Tilray Brands Inc | View profile | 1,600 | 265 Talbot Street West, Leamington, ON, Canada, N8H 5L4 | www.tilray.com |
| The Cronos Group | View profile | 1001-5000 | Kontich, Antwerpen, Belgium, Europe | cronos-groep.be/ |
| OrganiGram Holdings Inc | View profile | 987 | 145 King Street West, Suite 1400, Toronto, ON, Canada, M5H 1J8 | www.organigram.ca |
| Atlas Growers | View profile | 11-50 | Edmonton, Alberta, Canada, North America | www.atlasgrowers.com |
| CannTrust Holdings Inc | View profile | 576 | 3280 Langstaff Road, Unit 1, Building 1, Vaughan, ON, Canada, L4K 4Z8 | www.canntrust.ca |
| The Hydropothecary Corp | View profile | 101-250 | Gatineau, Quebec, Canada, North America | thehydropothecary.com/ |
| Cannabist Company Holdings Inc | View profile | 2,221 | 680 Fifth Avenue, 24th Floor, New York, NY, United States, 10019 | cannabistcompany.com |
| Aurora Cannabis | View profile | 1001-5000 | Edmonton, Alberta, Canada, North America | auroramj.com |
Asia Pacific Cannabis Cultivation Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Cannabis Cultivation Market Outlook will help companies and investors design strategic landscapes.
Hemp was the largest segment with a revenue share of 90.09% in 2022.
Horizon Databook has segmented the Asia Pacific cannabis cultivation market based on hemp, marijuana covering the revenue growth of each sub-segment from 2018 to 2030.
Cannabis regulations in Asia Pacific vary significantly between countries. These laws are strongly dependent on traditional, cultural, and religious beliefs of people. Cannabis plays a major role in Afghanistan’s predominant culture.
Despite using cannabis in the form of hashish, its cultivation & use as cannabis or derivatives, such as CBD, is strictly prohibited. In many other countries of the region, cannabis along with CBD remains illegal, primarily because the countries do not differentiate between hemp and marijuana.
However, this creates a problem for people intending to use cannabis as a medicine. Focusing on health benefits provided by cannabis could help in legalizing it in the region. Moreover, the countries in this region are considered as emerging markets for cannabis and derivatives.
- Asia Pacific Cannabis Cultivation Market Biomass Outlook (Revenue, USD Million , 2018-2030)
- Hemp
- Marijuana
- Asia Pacific Cannabis Cultivation Market Application Outlook (Revenue, USD Million , 2018-2030)
- Medical
- Adult Use
- Industrial
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific Cannabis Cultivation Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific Cannabis Cultivation Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Asia Pacific Cannabis Cultivation Market, 2018-2030 (US$M)
Asia Pacific cannabis cultivation market statistics, by biomass, 2018-2030 (US$M)
