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Cannabis Products Market Evenly Poised To Reach A Market Value Of US$ By 2019 – 2029

 

New Study on the Global Cannabis Products Market by PMR

Persistence Market Research recently published a market study that sheds light on the growth prospects of the global Cannabis Products market during the forecast period (20XX-20XX). In addition, the report also includes a detailed analysis of the impact of the novel COVID-19 pandemic on the future prospects of the Cannabis Products market. The report provides a thorough evaluation of the latest trends, market drivers, opportunities, and challenges within the global Cannabis Products market to assist our clients arrive at beneficial business decisions.  

As per the report, the global Cannabis Products market is expected to grow at a CAGR of ~XX% during the stipulated timeframe owing to a range of factors including, favorable government policies, and growing awareness related to the Cannabis Products , surge in research and development and more. 

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Resourceful insights enclosed in the report:

  • Accurate assessment of the growth trajectory of the global Cannabis Products market post the COVID-19 pandemic
  • In-depth analysis of the marketing, sales, promotional strategies adopted by prominent market players
  • The domestic and international presence of different players in the Cannabis Products market
  • A thorough analysis of the supply-demand trends in different regions and the impact of the COVID-19 on the same
  • Manufacturing/production prowess of various players operating in the Cannabis Products market

Competitive Outlook

The competitive outlook section provides valuable information related to the different companies operating in the current Cannabis Products market landscape. The market share, product portfolio, pricing strategy, sales and distribution channels of each company is discussed in the report.

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Prominent players covered in the report are:

Regional Assessment

The presented market study touches upon the market scenario in different regions and provides a deep understanding of the influence of micro and macro-economic factors on the prospects of the market in each region.

Key Players in Cannabis Products Market

Some of the major players in cannabis products market are Canopy Growth Corporation, Aurora Cannabis Inc., Aphria Inc, Tilray Inc., Medical Marijuana, Inc., Cronos Group Inc., MedMen, Cannabis Science Inc., Maricann Group Inc., VIVO Cannabis Inc., and others.

Opportunities for market participants in the cannabis products market

Cannabis products are becoming the essential products to the various industries such as medical, cosmetics and others, owing to the comprising the medical benefits which are further providing the beneficial opportunities to the manufacturers in the global cannabis products market. The cannabis products are capable to cure some of the serious diseases such as Parkinson’s disease, arthritis, anxiety, depression, pain relief, and other neurological disorders. Moreover, to benefitting the cosmetic industry by offering skin protection properties, cannabis products are also becoming useful for the cosmetics market. This is offering a profitable outcome for the market participants in the cannabis products market.

Regional Outlook

The demand for cannabis products is increasing in North America and Western European market primarily after legalization of marijuana in U.S. and U.K. These changes in law is expected to transform the overall industry of cannabis and will increased the demand for cannabis products CBD-infused products. On the other side, in countries of South Asia region such as India, the government has not legalized the use of cannabis, though it has diverse application in many products.

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The market report addresses the following queries related to the Cannabis Products market:

  1. What is the estimated value of the global Cannabis Products market in 2020?
  2. Which region is expected to present a range of opportunities to market players in the Cannabis Products market after the COVID-19 pandemic?
  3. Which recent market trends are likely to accelerate the growth of the Cannabis Products market in the upcoming years?
  4. Which end-use industry is expected to hold the maximum market share in the Cannabis Products market?
  5. What are the recent mergers and acquisitions that have taken place in the Cannabis Products market?