New York, Feb, 2022: Axiom Market Research & Consulting™ added a report on global cannabis seeds which includes study on type, category, strain, distribution channel across various countries of key regions across the globe. The global cannabis seeds was projected to grow at a CAGR of 18.50% for the forecast period 2022 to 2028. The global market is estimated and forecasted in terms of revenue (USD Million) generated by the cannabis seeds market.    

The factors such as increased use of cannabis seeds in organic and conventional category, rising use of cannabis for medicinal and therapeutic purposes and cannabis seeds boost the immune system, increased demand for cannabis seeds after COVID-19 outbreak, consumer’s awareness of the medicinal benefits of cannabis, rapidly expanding medical application are likely to contribute to the healthy growth of the market.

The report analyses the global cannabis seeds industry based on type, category, strain, distribution channel and geography. The different cannabis seeds type studied in the market are regular seeds, feminized seeds and autoflowering seeds. The market has different category of cannabis seeds segmented into organic and conventional. By strain, cannabis seeds market is segmented into hybrid, sativa and indica. Several distribution channel of the market are wholesalers and distributors, specialty stores, online retail. The global cannabis seeds market is studied across various key countries of regions such as, North America, Europe, Asia Pacific and Rest of the World.

The feminised seeds segment is expected to dominate the cannabis seeds during the forecast period

The feminised seeds category is expected to grow at the fastest rate. In addition, factors such as cannabis seeds that have been genetically manipulated to generate only female plants are called as feminised cannabis seeds. The main advantage of using feminised cannabis seeds is that it eliminates the need to locate and remove blooming male plants. Thereby different factor are boosting the market growth. 

The conventional segment is expected to lead in the cannabis seeds during the forecast period

In 2021, the conventional segment will dominate as inorganic agriculture grows, but in the future the organic segment expected to grow as people shift to organic products and inorganic farming uses chemicals that may be dangerous for health.

The sativa segment is anticipated to gain major market share in cannabis seeds during the forecast period

Sativa-dominant strains boost productivity and creativity while relieving fatigue. Sativa strains are excellent at treating psychological issues like depression, PTSD, and anxiety because of their high THC levels. As a result, sativa strains are being exploited to create pharmaceuticals that treat mental illnesses

In 2021, wholesalers and distributors accounted for the major market share

Cannabis seed wholesalers and distributors are dedicated to providing cannabis seeds to licenced shops and dispensaries. Also, they can distribute and store seeds as well as act as an extension of the wholesaler's sales team. The sales of cannabis seeds by wholesalers and distributors are boosted by factors such as a large distribution network, bulk supply, and the availability of diverse strains of cannabis seeds.

North America dominated Cannabis seeds in 2021 and is expected to witness the fastest growth in upcoming years

North America is expected to witness the fastest growth in upcoming years owing to hold significant share in terms of value. The growing demand for cannabis seeds in region is attributed by increasing legalisation of cannabis for medical and recreational purposes in North America, the industry is expanding across the region. Furthermore, as more people become aware of the medicinal benefits of cannabis, its use in medicine is rapidly growing. United States followed by Canada and Mexico is projected to be the fastest growing market due to increasing consumers of products in the region. 

Key Players: 

The key player in global Cannabis seeds  are Christiania Seeds, Barney’s Souvenirs BV, Mountain Top Seed Bank, Paradise Seeds Family, Seed Supreme, Sensi Seeds, Serious Seeds, Sweet Seeds, and The Seed Cellar, Dutch Passion, Royal Queen Seeds, Humboldt Seed Company, Deliciousseeds, Kws Saat Se, Groupe Limagrain, Sakata Seed Corporation among others.

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