Report : North America 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 Regular Seeds Segment to Dominate North America Cannabis Seeds Market during 2021-2028

According to a new market research study on “North America 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$ 2,147.19 million by 2028 from US$ 577.29 million in 2021. The market is estimated to grow at a CAGR of 20.6% from 2021 to 2028. The report provides trends prevailing in the North America cannabis seeds market along with the drivers and restraints pertaining to the market growth. Rising use of cannabis for medicinal and therapeutic purposes and increasing legalization of cannabis in various countries are major factors driving the growth of the North America cannabis seeds market. However, complex regulatory structure may hinder the growth of North America 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 North American countries. The governments of North 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.

The market for North America 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 North America cannabis seeds market. Based on category, the North America 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 North America 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 North America cannabis seeds market. Based on country, the North America cannabis seeds market is divided into US, Canada and Mexico. In 2020, US held the largest share in North America cannabis seeds market. Furthermore, in this present scenario of COVID 19 pandemic, the North America cannabis seeds market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the North America countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for cannabis seeds.

Seed Supreme; Sensi Seeds; Serious Seeds; Sweet Seed; The Seed Cellar and Dutch Passion are some of the leading companies in the North America 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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