Australia Legal Cannabis Market Overview
The Australia Legal Cannabis Market is witnessing significant transformations, driven by technological advancements and evolving consumer preferences. In this ever-changing landscape, our market overview offers a valuable resource for businesses to make informed decisions and seize emerging opportunities.
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Market Value:
Australia Legal Cannabis Market size was valued at US$ 51.8 Mn in 2020 and the total revenue is expected to grow at 32.7% through 2021 to 2027, reaching nearly US$ 375.7 Mn.
Australia Legal Cannabis Market Report Scope and Research Methodology
The Australia Legal Cannabis market report provides a comprehensive estimation of market sizes and segments, considering qualitative and quantitative aspects. report provides a detailed estimation of market sizes and segments, incorporating qualitative and quantitative aspects. We explore the drivers, challenges, and investment opportunities to empower stakeholders with valuable insights. The report also analyzes major companies’ competitiveness, products, and regional markets, utilizing primary and secondary research to foster higher growth in the Australia Legal Cannabis market.
Australia Legal Cannabis Market Segmentation
The Hemp market is thought to support the expansion of the Australian legal marijuana market.
With 84.9% of total sales in 2020, the hemp category dominated the Australian legal cannabis industry. Increased use of hemp-based goods, such as hemp CBD and supplements, for their many health benefits, as well as rising prevalence of illnesses like epilepsy and other sleep disorders, are both responsible for the rise. Over 250,000 people in Australia have been diagnosed with epilepsy, according to Epilepsy Action Australia. In addition, it is anticipated that demand for hemp-based building materials will rise in the future due to the expansion of these products’ industrial applications and the rising popularity of green construction due to environmental deterioration.
The product category of the Australian legal cannabis market is dominated by the industrial usage segment:
With 83.2% of total market revenue in 2020, the industrial application category dominated the Australian legal cannabis industry. Hemp fibres and oil are increasingly in demand across a variety of industries, including textile, food & beverage, automotive, personal care, and construction. It is anticipated that there will be an increase in demand for varnishes, oil paints, printing inks, solvents, fuel, putty, chain-saw lubricants, and coatings. Cannabis is increasingly being utilised for non-textile purposes to lessen deforestation, pollution, and landfill waste.
Australia Legal Cannabis Market Key Players
• Cann Group Ltd.
• Zelira Therapeutics
• Aus Cann Group Holdings Pty Ltd.
• Bod Australia
• THC Global Group Limited
• Althea Group Holdings Limited
• Ecofibre Limited
• MGC Pharmaceuticals Ltd.
• Incannex Healthcare (IHL)
• Creso Pharma (CPH)
• Little Green Pharma (LGP)
• Botanix Pharmaceuticals
• IDT Australia (IDT)
• Zelira Therapeutics (ZLD)
• Emyria Limited (EMD)
• Medlab Clinical (MDC)
• Elixinol Wellness (EXL)
• Neurotech International (NTI)
• Rhinomed (RNO)
• Avecho Biotech (AVE)
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Australia Legal Cannabis Market Regional Insights
The report offers a comprehensive analysis encompassing all factors, such as market size, growth rate, and import-export activities across diverse regions. Through regional analysis, we present a detailed examination of the current status of the Australia Legal Cannabis market in various countries.
Table of Content: Australia Legal Cannabis Market
Part 01: Executive Summary
Part 02: Scope of the Australia Legal Cannabis Market Report
Part 03: Global Australia Legal Cannabis Market Landscape
Part 04: Global Australia Legal Cannabis Market Sizing
Part 05: Global Australia Legal Cannabis Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Key questions answered in the Australia Legal Cannabis Market are:
- What is Australia Legal Cannabis ?
- What was the Australia Legal Cannabis market size in 2022?
- What is the growth rate of the Australia Legal Cannabis Market?
- Which are the factors expected to drive the Australia Legal Cannabis market growth?
- What are the different segments of the Australia Legal Cannabis Market?
- What growth strategies are the players considering to increase their presence in Australia Legal Cannabis ?
- What are the upcoming industry applications and trends for the Australia Legal Cannabis Market?
- What major challenges could the Australia Legal Cannabis Market face in the future?
- What segments are covered in the Australia Legal Cannabis Market?
- Who are the leading companies and what are their portfolios in Australia Legal Cannabis Market?
- What segments are covered in the Australia Legal Cannabis Market?
- Who are the key players in the Australia Legal Cannabis market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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