The Asia-Pacific Cannabis Seeds Market Growth at a rate of 14.8% in the forecast period 2022 to 2027

Asia-Pacific Cannabis Seeds Market Size

The cannabis seeds market is segmented into six notable segments which are bifurcated on the basis of seed type, strain, compound, category, distribution channel and type of vendors. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

• On the basis of seed type, the cannabis seeds market is segmented into regular seeds, feminized seeds and autoflowering seeds. In 2020, feminized seeds segment is dominating the cannabis seeds market as majority of the companies are manufacturing regular seeds and also they don’t require many efforts and are easy to grow.  
• On the basis of strain, the cannabis seeds market is segmented into indica, hybrid and sativa. In 2020, indica segment is dominating the market as the majority of the manufacturers have strains of indica and it is preferred more by people.
• On the basis of compound, the cannabis seeds market is segmented into THC dominant, CBD dominant and balanced THC & CBD. In 2020, the THC dominant segment is dominating because THC is the psychoactive element of cannabis and it is highly required for medicinal purposes.  
• On the basis of category, the cannabis seeds market is segmented into inorganic and organic. In 2020, inorganic segment is dominating as inorganic agriculture is increasing but in future the organic segment is set to increase as people are shifting towards organic products and also inorganic farming makes use of chemicals which may not be good for health.
• On the basis of distribution channel, the cannabis seeds market is segmented into store based retailing and online/e-commerce retailing. In 2020, store based retailing segment is dominating as people find it easy to purchase from stores and they can check the quality of products they are purchasing.  
• On the basis of type of vendors, the cannabis seeds market is segmented into resellers, breeders and seeds manufacturing companies. In 2020, resellers segment is dominating as there is large number of resellers as compared to breeders and seeds companies.

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The large scale Asia-Pacific Cannabis Seeds Market market report gives clear idea about the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, possible future trends, and market demand and supply scenarios. Outstanding practice models and excellent methods of research have been utilized to generate this global marketing report that aids businesses to uncover the greatest opportunities to prosper in the market. And for the same, all the major topics of the market research analysis that includes market definition, market segmentation, competitive analysis, major developments in the market, and top-notch research methodology have been covered in the credible Asia-Pacific Cannabis Seeds Market report.

Market Analysis and Insights - Asia-Pacific Cannabis Seeds Market

The cannabis seeds market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with the CAGR of 14.8% in the forecast period of 2020 to 2027 and is expected to reach USD 7,000,548.00 million by 2027. The rising awareness about the benefits of cannabis seeds and increasing number of health conscious consumers is helping the cannabis seeds market to grow in the region.

The cannabis seeds market is growing tremendously with the legalization of cannabis in 33 out of 50 states. The cannabis seeds are instrumental to the type of cannabis plants grown. These seeds can be of various types including regular, auto-flower and feminized depending on the type of plant to be grown. The breeding of strains is done to produce the desired quality of strains. The cannabis seeds have two very important chemicals in them namely, cannabidiol (CBD) which is non-psychoactive element and tetrahydrocannabinol (THC) which is the psychoactive element. Depending on them, there are two seed varieties which are cannabidiol (CBD) and tetrahydrocannabinol (THC) dominant.

Seed banks provide seeds to the companies that use them for medicinal purpose which means that they should ensure that the seeds are of the best quality. This creates a demand for good quality cannabis seeds. Hence, increased medicinal use of cannabis acts as a driver for the cannabis seeds market. The trading, manufacturing and prescription of cannabis is a very complex process as the laws are different for every state. This acts as an obstacle for the companies and hence, complex regulatory structure for the usage of cannabis acts as a restraint for the cannabis seeds market.

As the strains are improved, this will lead to the production of better quality of cannabis and this will create more demand for good quality seeds. Hence, novel product development acts as an opportunity for the cannabis seeds market. It can be seen that the black market for marijuana still holds an upper hand even with the legalization of marijuana for recreational purpose. This acts as a problem for the legal marijuana market as the growers will not take the good quality seeds from the authentic sources and hence, the rise of marijuana black market acts as a challenge for the cannabis seeds market.  

This cannabis seeds market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographical expansions, and technological innovations in the market. To understand the analysis and the cannabis seeds market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.

Asia-Pacific Cannabis Seeds Market Country Level Analysis

Asia-Pacific cannabis seeds market is analysed and market size information is provided by the country, seed type, strain, compound, category, distribution channel and type of vendors as referenced above.

The countries covered in the Asia-Pacific cannabis seeds market report are China, Japan, India, Australia, Rest of Asia-Pacific.

China is dominating in the Asia-Pacific cannabis seeds market since the demand for the cannabis seeds are more in the country as the country is legalized for medicinal and recreational use.

The country section of the cannabis seeds market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.

Asia-Pacific Cannabis Seeds Market Share Analysis

The cannabis seeds market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and source lifeline curve. The above data points provided are only related to the company’s focus related to cannabis seeds market.   

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Key Players Asia-Pacific Cannabis Seeds Market

The major player covered in the Asia-Pacific cannabis seeds market report is Green House Seed Co. among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

MAJOR TOC OF THE REPORT

• Chapter One: Introduction
• Chapter Two: Market Segmentation
• Chapter Three: Market Overview
• Chapter Four: Executive Summary
• Chapter Five: Premium Insights

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Businesses can attain unparalleled and comprehensive insights along with the best acquaintance of the emerging market opportunities with Asia-Pacific Cannabis Seeds Market market research report. By understanding the client's requirements precisely, this industry analysis report brings together business and product information for the sustainable growth in the market. This report is structured with the meticulous efforts of an innovative, enthusiastic, knowledgeable, and experienced team of analysts, researchers, industry experts, and forecasters. Two of the major tools of market analysis employed are SWOT analysis and Porter's Five Forces Analysis. The large scale Asia-Pacific Cannabis Seeds Market report is generated with a nice combination of advanced industry insights, practical solutions, talent solutions and the use of latest technology which gives an excellent user experience.

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