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North America Marijuana Grow Kits Market for Recreational – Industry Trends and Forecast to 2029

  • Healthcare
  • Upcoming Report
  • Jun 2022
  • North America
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60
  • Healthcare
  • Upcoming Report
  • Jun 2022
  • North America
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

North America Marijuana Grow Kits Market for Recreational, 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) – Industry Trends and Forecast to 2029

North America Marijuana Grow Kits Market

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 marijuana grow kits market for the recreational market to grow.

Data Bridge Market Research analyses that the marijuana grow kits market for recreational which was USD 22.03 billion in 2021, would rocket up to USD 52.25 billion by 2029, and is expected to undergo a CAGR of 11.40% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

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 decided 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).

Marijuana Grow Kits Market for Recreational 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.

Opportunities

  • 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.

Restraints/Challenges

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 marijuana grow kits market for recreational 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 marijuana grow kits market for recreational contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Marijuana Grow Kits Market for Recreational

People are looking for strategies to protect their health and reduce the danger of COVID-19 problems as the new coronavirus spreads rapidly around the world. Because having damaged lungs is one of the biggest risk factors for difficulties, health experts advise against smoking in any form. Many individuals use cannabis products for both medical and recreational purposes now that it's legal in some parts of the United States, and some people who smoke, inhale, or vape marijuana are asking if it's safer to switch to alternatives like "edibles" to protect their lungs and immune systems. The facts behind cannabis are hazy, just like the evolving research around COVID-19. Online ordering accounted for a large portion of the rise, mirroring the similar surge in sales observed by major online retailers such as Amazon. Many cannabis retailers responded to the pandemic by offering delivery and curbside pickup, demonstrating how a commodity that was once pushed in the shadows has now gone conventional.

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.

Global Marijuana Grow Kits Market for Recreational Scope

The marijuana grow kits market for recreational 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

Marijuana Grow Kits Market for Recreational Regional Analysis/Insights

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

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

U.S. dominates the North America marijuana grow kits market for recreational as the country 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 global 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.

Competitive Landscape and Marijuana Grow Kits Market for Recreational Share Analysis

The marijuana grow kits market for recreational 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, global 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 marijuana grow kits market for recreational.

Some of the major players operating in the marijuana grow kits market for recreational 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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Frequently Asked Questions

The marijuana grow kits market for recreational value is expected USD 52.25 billion by 2029.
The North America Marijuana Grow Kits Market is to grow at a CAGR of 11.40% during the forecast by 2029.
The major players operating in the North America Marijuana Grow Kits 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).
The major countries covered in the North America Marijuana Grow Kits Market are U.S., Canada and Mexico in North America.