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 a 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 regions 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 a 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 purposes 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, the complex regulatory structure for the usage of cannabis acts as a restraint for the cannabis seeds market.
As the strains are improved, this will lead to the production of better quality cannabis and this will create more demand for good quality seeds. Hence, novel product development acts as an opportunity for the cannabis seeds market. It can be seen that the black market for marijuana still holds an upper hand even with the legalization of marijuana for recreational purposes. This acts as a problem for the legal marijuana market as the growers will not take the good quality seeds from the authentic sources and hence, the rise of marijuana black market acts as a challenge for the cannabis seeds market.
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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 the 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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Europe Cannabis Seeds Market Scope and Market Size
The cannabis seeds market is segmented into six notable segments which are bifurcated on the basis of seed type, strain, compound, category, distribution channel and type of vendors. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
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On the basis of seed type, the cannabis seeds market is segmented into regular seeds, feminized seeds and autoflowering seeds. In 2020, the feminized seeds segment is dominating the cannabis seeds market as the majority of the companies are manufacturing regular seeds and also they don’t require much effort and are easy to grow.
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On the basis of strain, the cannabis seeds market is segmented into indica, hybrid and sativa. In 2020, indica segment is dominating the market as the majority of the manufacturers have strains of indica and it is preferred more by people. However, the hybrid segment may grow in future as people and manufacturers are giving preference to the genetically modified stains.
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On the basis of compound, the cannabis seeds market is segmented into THC dominant, CBD dominant and balanced THC & CBD. In 2020, the THC dominant segment is dominating because THC is the psychoactive element of cannabis and it is highly required for medicinal purposes.
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On the basis of category, the cannabis seeds market is segmented into inorganic and organic. In 2020, inorganic segment is dominating as inorganic agriculture is increasing but in future the organic segment is set to increase as people are shifting towards organic products and also inorganic farming makes use of chemicals which may not be good for health.
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On the basis of distribution channel, the cannabis seeds market is segmented into store based retailing and online/e-commerce retailing. In 2020, the store based retailing segment is dominating as people find it easy to purchase from stores and they can check the quality of products they are purchasing. However, in future online retailing will increase as people are shifting towards online shopping as they find it convenient.
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On the basis of type of vendors, the cannabis seeds market is segmented into resellers, breeders and seeds manufacturing companies. In 2020, resellers segment is dominating as there are a large number of resellers as compared to breeders and seeds companies. Moreover, the growers prefer to purchase the seeds from seed banks as they have a larger variety.
Cannabis Seeds Market Country Level Analysis
Cannabis seeds market is analysed and market size information is provided by the country, seed type, strain, compound, category, distribution channel and type of vendors as referenced above.
The countries covered in the cannabis seeds market report are Germany, U.K., Italy, France, Spain, Switzerland, Netherlands, Belgium, Russia, Turkey, and Rest of Europe.
Spain is dominating the market as Spain has a higher number of cannabis seed banks and people in Spain are highly aware of the benefits of cannabis seeds which help the country to have a high share in the region.
The country section of the cannabis seeds market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
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Europe Cannabis Seeds Market Report Answers the Following Questions:
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What are the current trends and drivers in the Europe Cannabis Seeds Market?
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How has the demand for convenience affected the growth of the Europe Cannabis Seeds Market?
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What are the different types of Europe Cannabis Seeds Market available in the market and what are their respective market shares?
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How is the Europe Cannabis Seeds Market segment by channels?
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Who are the major players in the Europe Cannabis Seeds Market and what is their market share?
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How has the Europe Cannabis Seeds Market been impacted by the growing demand for options?
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How does the Europe Cannabis Seeds Market vary across different regions or countries?
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What are the future opportunities and challenges for companies operating in the Europe Cannabis Seeds Market?
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How has the rise of e-commerce affected the distribution and sales of the Europe Cannabis Seeds Market?
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