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North America Marijuana Grow Kits for Recreational Market – Industry Trends and Forecast to 2030

Healthcare

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North America Marijuana Grow Kits for Recreational Market – Industry Trends and Forecast to 2030

  • Healthcare
  • Upcoming Report
  • Oct 2023
  • North America
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

North America Marijuana Grow Kits for Recreational Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 24.54 USD Billion
Diagram Market Size (Forecast Year) USD 58.20 USD Billion
Diagram CAGR %

Major Markets Players

  • Dummy1
  • Dummy2
  • Dummy3
  • Dummy4
  • Dummy5

North America Marijuana Grow Kits for Recreational Market, By Product (Hydroponic LED Light Growing System, Grow Tent, Cloner Kit, Marijuana Plants Pots, Spectrum Hydroponic Light Bulb, Hanging Drying Rack, Others), End-User (Residential and Commercial), Country (U.S., Canada, and Mexico) - Industry Trends and Forecast to 2030.

North America Marijuana Grow Kits Market

North America Marijuana Grow Kits for Recreational Market Analysis and Size

Over the past 25 years, the behavior toward cannabis has constantly evolved, with the increasing legalization of medical and recreational use at the state level in the U.S. and recreational use nationally in Canada and Uruguay. As a result, the consumption of cannabis products is increasing considerably, particularly among youth, creating a massive demand for the North America marijuana grow kits market for the recreational market to grow.

Data Bridge Market Research analyses that the North America marijuana grow kits for recreational market which was USD 24.54 billion in 2022, is expected to reach USD 58.20 billion by 2030, and is expected to undergo a CAGR of 11.40% during the forecast period 2023-2030. “Commercial” dominates the end user segment of the North America marijuana grow kits for recreational market owing to high volume usage in pharmaceuticals. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

North America Marijuana Grow Kits for Recreational Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Product (Hydroponic LED Light Growing System, Grow Tent, Cloner Kit, Marijuana Plants Pots, Spectrum Hydroponic Light Bulb, Hanging Drying Rack, Others), End-User (Residential and Commercial)

Countries Covered

U.S., Canada and Mexico in North America

Market Players Covered

VIVOSUN (U.S.), Pretty Green Budz (U.S.), Gorilla Grow Tent (U.S.), California LightWorks (U.S.), BESTVA LED (U.S.), Black Dog Grow Technologies, Inc (U.S.), Mars Hydro (China), The Bud Grower (U.S.), TopoGrow (U.S.), ViparSpectra (Canada), Goldleaf Hydroponics (U.S.), BC Northern Lights (Canada), HTG Supply (U.S.), Grobo (Canada), Kind LED Grow Lights (U.S.)

Market Opportunities

  • Widespread use of marijuana in the medical field
  • Manufacturers deciding to invest in the cultivation of marijuana

Market Definition

Marijuana (cannabis) is a dried, shredded mixture of the cannabis sativa plant's leaves, stems, seeds, and flowers that comes in green, brown, or grey colours. Marijuana is a psychotropic, mind-altering recreational drug as well as a treatment for certain medical conditions. THC is the active ingredient that causes the "high" (delta-9-tetrahydrocannabinol). Marijuana is the most abused drug in the United States, according to the National Institute on Drug Abuse (NIDA).

North America Marijuana Grow Kits for Recreational Market Dynamics

Drivers

  • Usage of Marijuana in the Medical Field

The widespread use of marijuana in the medical field, many manufacturers have decided to invest in the marijuana growing industry, which will allow them to cultivate marijuana indoors rather than out in the open, as it is still illegal in many countries. Marijuana is still illegal in most countries, thus most firms purchased their own land for indoor marijuana production in order to use it in medicinal products and other businesses, further increasing demand. Because the marijuana plant requires a wide range of safety and monitoring in each phase for optimum growth.

  • Increasing Growth Potential in Marijuana Grow Kits

Marijuana grow kits have the most potential for growth, as more than half of the population is using them to cultivate their own crops and utilise them to make a variety of medical and recreational goods, which might help the market grow.

Opportunity

  • Increase in Legalization and Rise in Social Acceptance of Marijuana

Marijuana legalisation is frequently viewed in a dual light, with scepticism connected with the possibility of abuse. People can now use cannabis in a safe manner while also benefiting from its medical properties. As a result, numerous governments around the world are increasingly legalising its use. While most countries around the world have yet to legalise recreational use, attitudes toward its use and sale have been more relaxed over time. As a result, its use is becoming increasingly popular in numerous places, propelling the total market forward.

Restraint/Challenge

  • High Cost of Cultivation

The average worker's annual compensation is fairly expensive, both for trained and non-skilled labour, which raises the overall costs of the entire process, and this factor can slow market growth.

This North America marijuana grow kits for recreational market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the North America marijuana grow kits for recreational market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

  • In April 2020, SaniPure UVC, a new sanitising UVC light from California LightWorks, is now available to protect plants from diseases. The company hopes to increase its product portfolio in the market with this launch

North America Marijuana Grow Kits for Recreational Market Scope

The North America marijuana grow kits for recreational market is segmented on the basis of product and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

  • Hydroponic LED Light Growing System
  • Grow Tent
  • Cloner Kit
  • Marijuana Plants Pots
  • Spectrum Hydroponic Light Bulb
  • Hanging Drying Rack
  • Others

End-User

  • Residential
  • Commercial

North America Marijuana Grow Kits for Recreational Market Regional Analysis/Insights

The North America marijuana grow kits for recreational market is analysed and market size insights and trends are provided by product and end-user as referenced above.

The countries covered in the North America marijuana grow kits for recreational market report are U.S., Canada and Mexico in North America.

U.S. dominates the North America marijuana grow kits market in terms of market share and CAGR, as growing marijuana is legalized in various states and in the country most of the consumer are preferred to grow their own marijuana to use them afterwards to avoid the interruption of other third party retailers.

The country section of the 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 like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure Growth Installed Base and New Technology Penetration

The North America marijuana grow kits for recreational market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for North America marijuana grow kits for recreational market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the North America marijuana grow kits for recreational market. The data is available for historic period 2015-2020.

Competitive Landscape and North America Marijuana Grow Kits for Recreational Market Share Analysis

The North America marijuana grow kits for recreational 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, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to North America marijuana grow kits for recreational market.

Some of the major players operating in the North America marijuana grow kits for recreational market are:

  • VIVOSUN (U.S.)
  • Pretty Green Budz (U.S.)
  • Gorilla Grow Tent (U.S.)
  • California LightWorks (U.S.)
  • BESTVA LED (U.S.)
  • Black Dog Grow Technologies, Inc (U.S.)
  • Mars Hydro (China)
  • The Bud Grower (U.S.)
  • TopoGrow (U.S.)
  • ViparSpectra (Canada)
  • Goldleaf Hydroponics (U.S.)
  • BC Northern Lights (Canada)
  • HTG Supply (U.S.)
  • Grobo (Canada)
  • Kind LED Grow Lights (U.S.)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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FREQUENTLY ASK QUESTIONS

The Usage of Marijuana in the Medical Field & Increasing Growth Potential in Marijuana Grow Kits are the growth drivers of the North America Marijuana Grow Kits for Recreational Market.
The North America Marijuana Grow Kits for Recreational Market growth rate is 11.40% during the forecast period.
The North America Marijuana Grow Kits for Recreational Market will be worth USD 58.20 billion by 2030.
The product and end-user are the factors on which the North America Marijuana Grow Kits for Recreational Market Research is based.
The major companies in the North America Marijuana Grow Kits for Recreational Market are VIVOSUN (U.S.), Pretty Green Budz (U.S.), Gorilla Grow Tent (U.S.), California LightWorks (U.S.), BESTVA LED (U.S.), Black Dog Grow Technologies, Inc (U.S.), Mars Hydro (China), The Bud Grower (U.S.), TopoGrow (U.S.), ViparSpectra (Canada), Goldleaf Hydroponics (U.S.), BC Northern Lights (Canada), HTG Supply (U.S.), Grobo (Canada), Kind LED Grow Lights (U.S.).
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