South America Cannabis Seeds Market

Market Introduction

The South America cannabis seeds market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. There has been a growing demand for cannabis for recreational use across the region. In 2013, Uruguay became the first country to pass laws that created a national legal market for medicinal and non-medicinal cannabis. 36 states, including the District of Columbia had approved or had in place a comprehensive programme for the broad medical use of cannabis, and 11 states had allowed a more limited medical use of cannabis purely for specific disorders and only of specific, low Δ-9-THC potency products. Various countries in the region is expected to boost the demand for recreational cannabis owing the improved legal framework. Thus, the rising adoption of cannabis seeds for recreational purposes is expected to provide growth opportunities for the cannabis market.

Cannabis has shown great potential in the fight against COVID-19, mainly due to its anti-inflammatory properties. Research studies also show that cannabis and its compounds have important therapeutic properties such as pain relief and anxiety reduction. While these may provide treatment to COVID-19 patients, more research into cannabis's pain-relieving and anxiety-reducing qualities on COVID-19 patients is required before any conclusions can be formed. The onset of COVID-19 pandemic has resulted in tax shortfalls in several South American countries. The governments of South American countries are seeking various sources of tax income, and a potential source of tax income can be the legalization of cannabis, which could become progressively engaging, and eventually enhance the production of cannabis seeds growers and cultivators in the region.

Market Overview and Dynamics

The cannabis seeds market in South America is expected to grow from US$ 157.12 million in 2021 to US$ 442.65 million by 2028; it is estimated to grow at a CAGR of 15.9% from 2021 to 2028. Tissue culture propagation, also known as micropropagation, can change the way cannabis is grown. With the current wave of cannabis legalization, there have been exponential advancements in the science and technology of cannabis. Growers are always trying to find new and better ways to grow their plants to ensure the highest quality products and highest possible yields. Seeds or clones are the only two growing methods for most cannabis growers. Growing from seed can help prevent pests and other contaminations, but seeds require constant attention as they grow and, as they develop into mature plants, they can become males. The use of clones can offer a quick alternative and provides a way to secure the desired genetics in plants. But as with everything, there are downsides; they are more susceptible to disease and take longer than plants grown from seed. However, traditional cloning may not be enough in cases where genetics, consistently high yields, and quality are required. Hence tissue culture can be used in such cases. Tissue culture is a technique for creating new plants from the cells of an existing one. Tissue culture has the advantage of being performed in a sterile environment. This helps to keep infections and pests away. The new plants are clones of the parent; hence their blooms and buds will be identical. Micropropagation is a better alternative to cloning because it can fit thousands of samples in a very small space, requiring minimal maintenance compared to traditional cloning methods. Thus, emerging new technologies are becoming a trend, which will be more prevalent in the coming years.

Key Market Segments

Based on type, the regular seeds segment accounted for the largest share of the South America cannabis seeds market in 2020. Based on category, the conventional segment accounted for the largest share of the South America cannabis seeds market in 2020. Based on strain, the sativa segment accounted for the largest share of the South America cannabis seeds market in 2020.  Based on distribution channel, the wholesalers and distributors segment accounted for the largest share of the South America cannabis seeds market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the South America cannabis seeds market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include Seed Supreme; Sensi Seeds; Serious Seeds; and Dutch Passion.

Reasons to buy report

• To understand the South America cannabis seeds market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for South America cannabis seeds market
• Efficiently plan M&A and partnership deals in South America cannabis seeds market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form South America cannabis seeds market
• Obtain market revenue forecast for market by various segments from 2019-2028 in South America region.

South America Cannabis Seeds Market Segmentation
South America Cannabis Seeds Market – By Type

• Regular Seeds
• Feminized Seeds
• Autoflowering Seeds

• Organic
• Conventional

• Hybrid
• Sativa
• Indica

• Wholesalers & Distributors
• Specialty Stores
• Online Retail

South America Cannabis Seeds Market – By Country

• Argentina
• Rest of South America

South America Cannabis Seeds Market – Company Profiles

• Seed Supreme
• Sensi Seeds
• Serious Seeds
• Dutch Passion

South America Cannabis Seeds Market Strategic Insights

South America Cannabis SeedsMarket Report Highlights

South America Cannabis Seeds Market Country and Regional Insights