In the large scale Europe Cannabis Market report, competitor strategies are analyzed in regard of their recent developments, new product launches, joint ventures, mergers, and acquisition which helps to guess the scope of improvement for the client business. No stone is left unturned while analysing the market and producing this market research report in a presentable form to meet the anticipation of users. The winning Europe Cannabis Market document is all-encompassing and object-oriented that has been planned with the grouping of an admirable industry experience, inventive solutions, industry insight, and most modern tools and technologies.
The parameters of an outstanding Europe Cannabis report range from latest trends, market segmentation, new market entry, industry forecasting, target market analysis, future directions, opportunity identification, strategic analysis, insights to innovation. This marketing report gives details of several market factors such as market estimates and forecasts, entry strategies, opportunity analysis, market positioning, competitive landscape, product positioning, market assessment, and viability studies. Market drivers, market restraints, opportunities, and challenges are also evaluated in the report under market overview which gives helpful insights to businesses for taking right moves. Europe Cannabis Market report is bestowed with full loyalty to provide the best service and recommendations.
Data Bridge Market Research analyzes that the Europe cannabis market will grow at a CAGR of 43.10% during the forecast period of 2022 to 2029.
Market Overview
Cannabis is defined as dried leaves and flowering tops of Cannabis indica or Cannabis sativa plants that are consumed or smoked for its therapeutic or psychotropic effects. Cannabis (Cannabis sativa) is a herbal drug. It contains chemicals called cannabinoids, including delta-9-Tetrahydrocannabinol (THC) and Cannabidiol (CBD). Cannabinoids, which are active compounds in cannabis, have drug-like effects on all systems of the body, including the immunological and central neurological systems continued usage of which may result in psychological dependence. Cannabis may be used to alleviate cancer symptoms and cancer treatment side effects that include pain, nausea, cachexia (loss of body weight and muscle mass), and other chronic illnesses. Applications of cannabis are widely used in food & beverages, cosmetics, pharmaceuticals, textile, chemical industries, and various other industries.
Some of the major Some of the major players operating in the Europe cannabis market are
- Aurora Cannabis Inc.
- CANOPY GROWTH CORPORATION
- The Cronos Group, Aphria Inc
- Tilray
- Cannabis Science Inc.
- SOMAÍ Pharmaceuticals Inc.
- IMCI Pharmaceuticals,
- Peace Natural Projects inc
- BOL Pharma, PharmaHemp
- Kiehl's, Endoca
- Althea Company Pty Ltd
Opportunities
- Standardization in cultivation practices
The cannabis industry is taking giant steps toward standardized cultivation practices for growing cannabis. The industry representatives and experts are highly convinced by the growth of the market and are working as a team on R&D of cannabis-based medical products to raise the shares at a more valuable rate. Medical marijuana alone is assumed to be worth billions of dollars in the global market and its standardized growing practices can lead the market at a very high rate.
Presently, the new lighting technology, that is, the modern indoor cultivation technology of cannabis and cell culture technology, that is, the usage of small cannabis plants for the production of hundreds of identical clones are in boom in the cultivation market of cannabis. There are many innovations in the cannabis industry every day, from HVAC systems adjustments to sensor data and Artificial Intelligence (AI) tools.
Thus, standardization in cannabis cultivation will lead to fewer amounts of defective growing practices and is a great opportunity for market growth.
- Innovation in variety of sativa products
The global cannabis business is showing tremendous explosive growth into a highly lucrative sector due to the growing technological innovations. Medical cannabis is the highest growing segment in the Europe cannabis market and is being supplied to patients via clinically prescribed cannabinoids orally. Vaporizer pens are one of the most used developed technologies which help a patient to inhale a controlled cannabis dose and are being used due to their low intoxication levels than smoking. Cannabis is available in the form of oil extracts packed in capsules and is consumed either directly or in vape pens by the patients. Epidiolex, a pharmaceutical CBD oil that can be used to treat some rare forms of epilepsy, recently received a unanimous recommendation for approval from the U.S. Food and Drug Administration (FDA) federal advisory committee. Epilepsy is the condition that appears to receive the most consistent support for use of cannabis oil, even at the federal level.
Highlights of TOC :
Chapter 2: Study Assumptions
Chapter 3: Scope of the Study
Chapter 4: Europe Cannabis Market Economic Impact
Chapter 5 : Analysis Methodology
Chapter 6: Research Phases
Chapter 7: Competition by Manufacturers
Chapter 8: Current Market Scenario
Chapter 9: Value Chain/Supply Chain Analysis
Chapter 10: Government Regulations and Initiatives
Chapter 11: Production, Revenue (Value) by Region
Chapter 12: Supply (Production), Consumption, Export, Import by Regions
Chapter 13 : Market Drivers
Chapter 14 : Market Restraints/Challenges
Chapter 15: Market Opportunities
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