Market Introduction
The Europe 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. The legalization of cannabis has allowed people to practice substance use safely while realizing its medicinal benefits. As a result, many countries around the world are gradually legalizing cannabis use. For instance, several countries, including the Netherlands, Poland, and Portugal, have legalized the medical use of cannabis. Moreover, most countries across the region have not legalized the recreational use of cannabis, however the perception of its use and sale has changed over time due to its proven health benefits, which has increased the popularity of cannabis for recreational purpose. For instance, the use of recreational cannabis is legal several countries. Thus, the increasing legalization or decriminalization of cannabis in various countries is driving the market for cannabis seeds.
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.
Market Overview and Dynamics
The cannabis seeds market in Europe is expected to grow from US$ 240.64 million in 2021 to US$ 836.38 million by 2028; it is estimated to grow at a CAGR of 19.5% from 2021 to 2028. There has been a growing demand for cannabis for recreational use across the region. European countries such as Netherlands, United Kingdom are popular for the cultivation of recreational cannabis. Countries like Denmark, Germany, Ireland, France, Italy 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.
Key Market Segments
Based on type, the regular seeds segment accounted for the largest share of the Europe cannabis seeds market in 2020. Based on category, the conventional segment accounted for the largest share of the Europe cannabis seeds market in 2020. Based on strain, the sativa segment accounted for the largest share of the Europe cannabis seeds market in 2020. Based on distribution channel, the wholesalers and distributors segment accounted for the largest share of the Europe 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 Europe 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 Christiania Seeds; Barney’s Souvenirs Bv; Paradise Seeds Family; Seed Supreme; Sensi Seeds; Serious Seeds; Sweet Seeds; and Dutch Passion.
Reasons to buy report
- To understand the Europe cannabis seeds market landscape and identify market segments that are most likely to guarantee a strong return
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- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe cannabis seeds market
- Obtain market revenue forecast for market by various segments from 2019-2028 in Europe region.
Europe Cannabis Seeds Market Segmentation
Europe Cannabis Seeds Market – By Type- Regular Seeds
- Feminized Seeds
- Autoflowering Seeds
- Organic
- Conventional
- Hybrid
- Sativa
- Indica
- Wholesalers & Distributors
- Specialty Stores
- Online Retail
Europe Cannabis Seeds Market – By Country
- UK
- Rest of Europe
Europe Cannabis Seeds Market – Company Profiles
- Christiania Seeds
- Barney’s Souvenirs Bv
- Paradise Seeds Family
- Seed Supreme
- Sensi Seeds
- Serious Seeds
- Sweet Seeds
- Dutch Passion
Europe Cannabis Seeds Market Strategic Insights
Europe Cannabis SeedsMarket Report Highlights
| Report Attribute | Details |
| Market size in 2021 | US$ 240.64 Million |
| Market Size by 2028 | US$ 836.38 Million |
| CAGR (2021 - 2028) | 19.5% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
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Regions and Countries Covered
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| Europe | UK, Germany, France, Russia, Italy, Rest of Europe |
| Market leaders and key company profiles |
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Europe Cannabis Seeds Market Country and Regional Insights