Delvens has released a new research study titled "Cannabis Seeds Market" 2024 analysis by the following subjects: Industry size, share, growth, segmentation, manufacturers and innovations, major trends, market drivers, restraints, regulations, distribution methods, opportunities, strategies, prospective road maps, and yearly forecast till 2030′′. The purpose of the market research study is to thoroughly investigate the industry in order to gain knowledge of the industry and its economic potential. report also looks at SWOT and Porter's Five Forces Analysis, as well as crucial statistics like expenditure, costs, revenue, and end-clients.
The Global Cannabis Seeds Market size was estimated at USD 1.8 billion in 2023 and is projected to reach USD 5.9 billion in 2030 at a CAGR of 18.1% during the forecast period 2023-2030.
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The cannabis seed is of an ovular shape, akin to that of a peppercorn, possessing a pointed configuration on both of its ends, and features a ridge that runs longitudinally from tip to tip on exclusively one side. Upon the germination of these seeds, the aforementioned ridge expands. The side opposite to that of the ridge is of a rounded nature. Although undeveloped and unfertilized seeds may be comparatively diminutive in size and occasionally exhibit an off-white hue, the seed's body is of a brownish appearance.
Top Competitors of Cannabis Seeds Market:
• Christiania Seeds
• Barney’s Souvenirs BV
• Mountain Top Seed Bank
• Paradise Seeds Family
• Seed Supreme
• Sensi Seeds
• Serious Seeds
• Sweet Seeds
• The Seed Cellar
• Dutch Passion
• T.H.Seeds
• Royal Queen Seeds
• DNA Genetics
• Green House Seed Co.
• Crop King Seeds
• Amsterdam marijuana seeds
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The acceptance and utilization of medicinal cannabis is undergoing an evolution, which is evidenced by the increasing number of states that have legalized it for various indications. Despite the fact that cannabis has been legalized in 33 states and the District of Columbia, it has only been approved by the FDA for three indications, which are rare and severe forms of epilepsy, namely Dravet syndrome and Lennox-Gastaut syndrome, as well as to treat spasticity in multiple sclerosis (MS).
Cannabis Seeds Market Segmentations:
By Seed Type
• Regular seeds
• Feminized seeds
• Autoflowering seeds
By Strain
• Indica
• Hybrid
• Sativa
By Compound
• Thc dominant
• Cbd dominant
• Balanced THC & CBD
By Category
• Inorganic
• Organic
By Distribution Channel
• Store based retailing
• Online/e-commerce retailing
By Type of Vendors
• Resellers
• Breeders
• Seeds manufacturing companies
Recent Developments
• In January 2023, Royal Queen Seeds, a preeminent seed bank for the cannabis plant in Europe, has emerged as the pioneering company to offer authentic F1 cannabis hybrids with the uniformity, stability, and yield quality that is critically essential for the burgeoning legal cannabis market.
• In September 2022, Two of the genotypes developed by the BULGARIAN company CBD Seed Europe, which claims to yield record levels of cannabidiol, were registered on the European Seed Register. Most registered CBD seeds on the European Common Catalogue have 5% to 6% CBD concentrations. However, recently registered cultivars have a field CBD content of up to 12%.
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In addition to the market data for the Industrial Control Systems and Solution Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirements.
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The Medical Cannabis market size was estimated at USD 16.85 billion in 2023 and is projected to reach USD 68.26 billion in 2030 at a CAGR of 22.12% during the forecast period 2023-2030.
Global Cannabis Testing Market is anticipated to reach USD 967.5 million in 2021 growing at a CAGR of 13.9% during the forecasting period, 2021-2028.
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