The Cannabis Seeds Market research report endows with wide-ranging statistical analysis of the market’s continuous developments, capacity, production, production value, cost/profit, supply/demand and import/export. Moreover, businesses can apply the information included in this report to decide on their production and marketing strategies. The major topics such as market definition, market segmentation, competitive analysis and research methodology are studied in detail in this report. By leveraging the global experience of industry analysts, consultants and domain experts, this market report has been prepared and delivered with excellence. Businesses can achieve unrivalled insights and acquaintance of the best market opportunities into their respective markets with the help of this Cannabis Seeds Market report.
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Cannabis Seeds Market by Nature (Organic, Conventional), by Type (Feminized seeds, Regular seeds, Autoflowering seeds), by Distribution Channel (Specialty stores, Wholesalers and distributors, Online sales channel) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America). 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.
Cannabis Seeds Market Competitive Landscape:
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
Cannabis Seeds Market 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. The RQS F1 seeds, which are meticulously bred and cultivated from only inbred lines, hold the promise of transforming the cannabis industry by providing a reliable and consistent crop, thereby ensuring a predictable final product.
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%. According to the firm, the two new registered kinds, “Midwest” and “Northwest,” would thrive at most continental latitudes. In addition, the company claims that it will be able to create new strains that would increase the CBD level “even higher” as a result of the EC restrictions for THC content in hemp seeds rising from 0.2% to 0.3%.
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. The body of a marijuana seed is decorated with a pattern or stripes, which are frequently of a light brown hue, although certain cannabis cultivars may bear red or yellow markings. The plant embryos, which are enclosed within seeds, harbor all cells that will eventually differentiate into leaves, roots, and stems. The outer covering that envelops the embryos, which are situated within the reproductive organs, is referred to as the pericarp. The cotyledons, which manifest as the first leaves upon the seed's emergence, and the radicle, which matures into the primary root, constitute indispensable constituents of the plant embryo. The plant's growing tips are safeguarded by a specialized structure, identified as the root cap, once the seed has germinated and commenced its development into a mature plant.
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Cannabis Seeds Market Key Findings:
On the basis of type, the market for cannabis seeds has been classified into three segments, namely, regular seeds, feminized seeds, and autoflowering seeds. It has been projected that the feminized seeds section will exhibit the highest Compound Annual Growth Rate (CAGR) during the forecast period. Feminized cannabis seeds have been genetically engineered to produce only female plants. The key advantage for producers who employ feminized cannabis seeds is that there is no need for them to identify or eradicate pollinating male plants. Growers are bestowed with several benefits by utilizing feminized cannabis seeds. These seeds facilitate the growth process and save a significant amount of effort by eliminating the hassle of determining the gender of cannabis plants. Furthermore, these seeds assist growers in producing clone plants.
On the basis of strain, the cannabis seeds market is segmented into hybrid, sativa, and indica. The sativa segment held the largest share in the market in 2020. Cannabis sativa grows in hot, arid regions like Africa, Central America, Southeast Asia, and parts of Western Asia. Sativa typically has lower CBD levels and higher TCH levels. Sativa is known for its stimulating and anxiety-relieving properties. Sativa-dominant induce productivity and creativity while reducing tiredness. Because of high THC levels, psychological problems such as depression, PTSD, and anxiety are better treated with sativa strains. Therefore, sativa strains are being used to manufacture medicinal drugs that treat psychological disorders.
On the basis of distribution channel, the market for cannabis seeds is categorised into three main segments, namely wholesalers and distributors, specialty stores, and online retail. The segment that has dominated the market in 2020 is the wholesalers and distributors category, due to its significant share. Wholesalers and distributors of cannabis seeds are committed to the provision of cannabis seeds to licensed retailers and dispensaries, and they can either be cultivators or producers of cannabis seeds or licensed third-party distributors or dealers. The third-party distributors procure cannabis seeds in bulk from commercial cultivators and are responsible for the distribution of these seeds to licensed retail stores and dispensaries. Furthermore, distributors of cannabis seeds have the capacity to distribute and store the seeds, as well as operate as an external sales staff for the wholesaler. The sales of cannabis seeds by wholesalers and distributors are enhanced by a variety of factors, including an extensive distribution network, bulk supply, and the availability of various strains of cannabis seeds.
The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. During the projected duration, it has been observed that North America has emerged as the frontrunner in the market trends pertaining to cannabis seeds, having acquired a substantial proportion of the market share.
Cannabis Seeds Market Regional Analysis:
North America to Dominate the Market
During the projected duration, it has been observed that North America has emerged as the frontrunner in the market trends pertaining to cannabis seeds, having acquired a substantial proportion of the market share.
This can be primarily attributed to the fact that a significant number of states in the United States have either legalized or decriminalized the usage of cannabis, thereby permitting patrons to procure and cultivate cannabis as per their individual preferences.
Reasons to Acquire
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Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
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