Report : Europe Cannabis Seeds Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Regular Seeds, Feminized Seeds, and Autoflowering Seeds), Category (Organic and Conventional), Strain (Hybrid, Sativa, and Indica), and Distribution Channel (Wholesalers & Distributors, Specialty Stores, and Online Retail)
The Conventional Segment to Dominate Europe Cannabis Seeds Market during 2021-2028
According to a new market research study on “Europe Cannabis Seeds Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast – by Type, Category, Strain, Distribution Channel and Country,” is expected to reach US$ 836.38 million by 2028 from US$ 240.64 million in 2021. The market is estimated to grow at a CAGR of 19.5% from 2021 to 2028. The report provides trends prevailing in the Europe cannabis seeds market along with the drivers and restraints pertaining to the market growth. Upsurge in the usage of cannabis for medicinal and therapeutic purposes and rise in the legalization of cannabis in various countries are major factors driving the growth of the Europe cannabis seeds market. However, complexities in regulatory structure may hinder the growth of Europe cannabis seeds 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 European countries. The governments of European 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.
The market for Europe cannabis seeds is segmented into type, category, strain, distribution channel and country. Based on type, the market is segmented into regular seeds, feminized seeds, and autoflowering seeds. In 2020, the regular seeds segment held the largest share in Europe cannabis seeds market. Based on category, the Europe cannabis seeds market is divided into organic and conventional. The organic segment is expected to be the fastest growing segment over the forecast period. Based on strain, the market is classified into hybrid, sativa and indica. In 2020, the sativa segment held the largest share in Europe cannabis seeds market. Based on distribution channel, the market is segmented into wholesalers & distributors, specialty stores, and online retail. In 2020, the wholesale and distributors segment held the largest share in Europe cannabis seeds market. Based on country, the Europe cannabis seeds market is divided into UK and rest of Europe. In 2020, rest of Europe held the largest share in Europe cannabis seeds market. Furthermore, in this present scenario of COVID 19 pandemic, the Europe cannabis seeds market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the Europe countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for cannabis seeds.
Christiania Seeds; Barney’s Souvenirs Bv; Paradise Seeds Family; Seed Supreme; Sensi Seeds; Serious Seeds; Sweet Seeds; and Dutch Passion are some of the leading companies in the Europe cannabis seeds market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
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