In 2019, Madhya Pradesh and Uttarakhand were Licensed in the Farming of Cannabis Due to their Requirement and Research Studies, Medical and Industrial Purposes

The cannabis seeds market is growing tremendously in the U.S., with the legalization of cannabis in 33 out of 50 states. The cannabis seeds are instrumental to the type of cannabis plants grown. The quality of chemicals in cannabis seeds depends on the type of seed, cannabis plants and its flower is used to produce extracts which have wide range of applications in the field of medicine, food and beverage, and cosmetics, among other industries.  

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Global cannabis seeds market is expected to reach USD 1,534.43 million by 2027 from USD 468.81 million in 2019, with the CAGR of 16.2% in the forecast period 2019 to 2027. The demand for cannabis seeds is increasing for which seeds providers are now more focused and are involved in developing and launching new products in the market. These decisions are ultimately enhance the growth of the market.           

cannabis seeds market

The increased medicinal uses of cannabis across the world will drive the market's growth rate

Efforts are going on to develop cannabis as medication for various neurological indications, pain and health management. The increased use of cannabis for medicinal purposes increases the demand for cannabis plant extracts that are pure and of higher quality. Seed banks provide seeds to 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 market.   

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2020 to 2027

Base Year

2019

Historic Years

2018 (Customizable to 2013 - 2018)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Seed Type (Regular Seeds, Feminized Seeds, Autoflowering Seeds), Strain (Indica, Hybrid, Sativa), Compound (THC Dominant, CBD Dominant, Balanced THC and CBD), Category (Inorganic, organic), Distribution Channel (Store Based Retailing, Online/E-Commerce Retailing), Type of Vendors (Resellers, Breeders, Seeds Manufacturing Companies)

Countries Covered

U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)

Market Players Covered

Seed Cellar (U.S.), HUMBOLDT SEED COMPANY(U.S.), BARNEY'S FARM (Netherlands), Dinafem Seeds (Spain), Tropical Seeds Co. (India), Sweet Seeds (U.S.), Serious Seeds (Netherlands), Sensi Seeds (Amsterdam), Green House Seed Co. (Netherlands), Love Growing Marijuana (Netherlands), DeliciousSeeds (U.K), Christiania Seeds (Denmark), Nymera (France ), T.H.Seeds (Netherlands), Royal Queen Seeds (Barcelona), Dutch Passion (Netherlands), Paradise Seeds B.V. (Netherlands) and Crop King Seeds (Canada) among others             

Data Points Covered in the Report

In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand

Segment Analysis:

Global cannabis seeds market is categorized into seed type, strain, compound, category, distribution channel, type of vendors.

  • On the basis of seed type, the global cannabis seeds market is segmented into regular seeds, feminized seeds and autoflowering seeds. In 2020, feminized seeds segment is dominating the market with a market share of 48.22% as most of the companies are manufacturing regular seeds. They don't require much effort and are easy to grow.
  • On the basis of strain, the global cannabis seeds market is segmented into indica, hybrid and sativa. In 2020, indica segment is dominating the market with the market share of 39.82% and as the majority of the manufacturers have strains of indica and people prefer it more. However, the hybrid segment may grow in the future as people and manufacturers prefer the genetically modified stains.
  • On the basis of compound, the global cannabis seeds market is segmented into THC dominant, CBD dominant and balanced THC & CBD. In 2020, THC dominant segment is dominating the market with the market share of 46.26% because THC is the psychoactive element of cannabis and it is highly required for medicinal purposes.
  • On the basis of category, the global cannabis seeds market is segmented into inorganic and organic. In 2020, inorganic segment is dominating the market with the market share of 52.00% 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.
  • On the basis of distribution channel, the global cannabis seeds market is segmented into store based retailing and online/e-commerce retailing. In 2020, store based retailing segment is dominating the market with the market share of 53.96% 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.  

The store based retailing segment will dominate the distribution channel segment of the cannabis seeds market

The store based retailing segment will emerge as the dominating segment under distribution channel with approximately 54.00% market share. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the food and beverages industry all around the globe will further bolster the growth of this segment.

  • On the basis of type of vendors, the global cannabis seeds market is segmented into resellers, breeders and seeds manufacturing companies. In 2020, resellers segment is dominating the market with the market share of 62.52%, as there are a large number of resellers as compared to breeders and seeds companies. Moreover, the growers prefer to purchase the seeds from seeds banks as they have a larger variety.

The resellers segment will dominate the vendors segment of the cannabis seeds market

The resellers segment will emerge as the dominating segment vendors segment. This is because of the growing number of resellers in the market especially in the developing economies. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.

Major Players

Data Bridge Market Research recognizes the following companies as the market players in market: Seed Cellar (U.S.), HUMBOLDT SEED COMPANY(U.S.), BARNEY'S FARM (Netherlands), Dinafem Seeds (Spain), Tropical Seeds Co. (India), Sweet Seeds (U.S.), Serious Seeds (Netherlands), Sensi Seeds (Amsterdam), Green House Seed Co. (Netherlands), Love Growing Marijuana (Netherlands), DeliciousSeeds (U.K), Christiania Seeds (Denmark), Nymera (France ), T.H.Seeds (Netherlands), Royal Queen Seeds (Barcelona), Dutch Passion (Netherlands), Paradise Seeds B.V. (Netherlands) and Crop King Seeds (Canada)

cannabis seeds market

Market Development

  • In October 2020, Dutch Passion received award for its Kerosene Krash and Sugar Bomb Punch of VIP Indica and VIP Hybrid categories at event of 'Clouds In The City 2020' in Amsterdam. Kerosene Krash and Sugar Bomb Punch are also included in the U.S. cannabis seed collection. The company has proven its qualified and innovative portfolio of cannabis seeds through this award recognition.
  • In November 2020, Amsterdammarijuanaseeds participated in Amsterdam Cannabis Expo, considered the world's largest cannabis show. In this exhibition, the company showcased its various cannabis products, which helped it generate adequate revenue into the market.

Regional Analysis

Geographically, the countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)

As per Data Bridge Market Research analysis:

North America is the dominant region in cannabis seeds market during the forecast period 2020 - 2027

North America dominates the cannabis seeds market, as there is growing demand for indoor farming in the United States. Approximately 45 states of the USA have legalized the use of cannabis-based products and seeds within the region.

Asia-Pacific is estimated to be the fastest growing region in cannabis seeds market the forecast period 2020 - 2027

Asia-Pacific is expected to witness significant growth during the forecast period as there is China with the highest market share owing to the demand for the cannabis seeds as the country is legalized for medicinal and recreational use.

COVID-19 Impact

The COVID-19 outbreak has had a significant influence on the market for cannabis seeds. Beginning with the shutdown, which prevented customers from visiting brick-and-mortar establishments, had a detrimental effect on the cannabis industry. Production suffered globally because of the lockout. On the other hand, the epidemic helped to increase public awareness of and interest in marijuana's medical uses. Since cannabis has shown substantial promise in the fight against COVID-19 due to its anti-inflammatory properties, numerous studies have been focused on the use of cannabis for COVID-19 treatment during the pandemic. Cannabis can benefit COVID-19 patients by reducing a cytokine storm and shielding lung tissue from inflammatory damage, according to a recent study in the journal Aging.

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