• Cat-intel
  • MedIntelliX
  • Resources
  • About Us
  • Request Free Sample ×

    Kindly complete the form below to receive a free sample of this Report

    Leading companies partner with us for data-driven Insights

    clients tt-cursor
    Hero Background

    Cannabis Plant Nutrients Market

    ID: MRFR/F-B & N/9479-CR
    167 Pages
    Snehal Singh
    July 2023

    Cannabis Plant Nutrients Market Research Report Information by Nutrients Type (Macronutrients and Micronutrients), Category (Conventional and Organic), Mode of Application (Drenching, Fertigation, and Foliar), And by Region (North America, Europe, Asia-Pacific, and Rest of the World) - Forecast Till 2035

    Share:
    Download PDF ×

    We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

    Cannabis Plant Nutrients Market Infographic
    Purchase Options

    Cannabis Plant Nutrients Market Summary

    As per Market Research Future Analysis, the Global Cannabis Plant Nutrients Market was valued at USD 201.86 million in 2022 and is projected to reach USD 1402.8 million by 2030, growing at a CAGR of 29.05% from 2024 to 2030. The market growth is driven by increasing applications of cannabis in the medical industry and the legalization of cannabis in various countries. However, stringent government regulations regarding cannabis usage and research pose challenges to market expansion.

    Key Market Trends & Highlights

    Key trends influencing the Cannabis Plant Nutrients Market include regulatory challenges and growing demand for organic products.

    • Market Size in 2022: USD 201.86 million
    • Projected Market Size by 2030: USD 1402.8 million
    • CAGR from 2024 to 2030: 29.05%
    • Asia-Pacific expected to register the highest CAGR during the forecast period.

    Market Size & Forecast

    2022 Market Size USD 201.86 million
    2024 Projected Market Size USD 256.85 million
    2030 Projected Market Size USD 1402.8 million

    Major Players

    CF Industries Holdings, Inc. (US), Sociedad Química y Minera de Chile (Chile), Nutrien Ltd (Canada), EuroChem Group (Switzerland), Zuari Agro Chemicals Ltd (India), PJSC PhosAgro (Russia), Haifa Chemicals Ltd (Israel), The Mosaic Company (US), Israel Chemicals Limited (Israel), Yara International ASA (Norway)

    Cannabis Plant Nutrients Market Trends

    Stringent Government Policies Regarding Cannabis

    Despite the medical advantages of cannabis, they exhibit harmful effects on human health. As per studies, heavy dosage or long-term use of cannabis can lead to addiction, altered brain development, diminished life satisfaction, and cognitive impairment. It is also found that the effects are adverse in individuals who begin using cannabis-based products as adolescents. Due to these reasons, cannabis remains under a dispute of legality in various regions, and stringent regulations regarding the use of the product have been imposed in many countries.

    There are many regulations on the clinical research of cannabis. Scientists are required to follow the regulations and need to take approvals from different agents to perform research on cannabis. To initiate research, the scientists are required to submit an investigational new drug (IND) application to the Food and Drug Administration agency. The investigator further needs to contact the National Institute on Drug Abuse (NIDA) to get an organizational letter of authorization (LOA), which describes the characteristics of the cannabis product (e.g., quality, strains, strength, toxicology, and pharmacology).

    The researcher also needs to apply for the Drug Enforcement Administration (DEA) and license to defend against the use of cannabis for non-research purposes. The regulations and policies make the research process tedious and time-consuming, which decreases the probabilities of innovating new cannabis-based products for the treatment of various diseases.

    The increasing legalization of cannabis across various jurisdictions appears to drive a burgeoning demand for specialized plant nutrients, indicating a shift towards more sophisticated agricultural practices in the sector.

    U.S. Department of Agriculture

    Cannabis Plant Nutrients Market Drivers

    Market Growth Projections

    The Global Cannabis Plant Nutrients Market Industry is poised for remarkable growth, with projections indicating a compound annual growth rate of 31.03% from 2025 to 2035. This growth trajectory reflects the increasing adoption of cannabis cultivation practices worldwide, driven by both recreational and medicinal use. As the market evolves, it is anticipated that innovations in nutrient formulations and delivery methods will further enhance cultivation efficiency. The market is expected to reach 256.9 USD Million in 2024 and could potentially soar to 5020.9 USD Million by 2035, underscoring the dynamic nature of this industry.

    Consumer Awareness and Education

    Consumer awareness regarding the importance of proper nutrition for cannabis plants is increasing, thereby influencing the Global Cannabis Plant Nutrients Market Industry. Educated consumers are more likely to seek high-quality nutrients that promote healthy growth and maximize yield. This trend is supported by the proliferation of online resources, workshops, and community events that educate growers about nutrient requirements. As consumers become more discerning, they are likely to invest in premium nutrient products, driving market growth. This heightened awareness is expected to contribute to the overall market expansion, particularly as the industry matures and diversifies.

    Rising Demand for Organic Cultivation

    The Global Cannabis Plant Nutrients Market Industry experiences a notable surge in demand for organic cultivation practices. As consumers increasingly prioritize organic products, cultivators are adapting their nutrient strategies to meet these preferences. This shift is evidenced by the growing number of certified organic cannabis farms, which have risen significantly in recent years. The industry's focus on sustainable practices not only enhances product quality but also aligns with regulatory trends favoring organic certification. Consequently, this demand is projected to contribute to the market's growth, with the market expected to reach 256.9 USD Million in 2024.

    Expansion of Legalization Across Regions

    The ongoing expansion of cannabis legalization across various regions significantly impacts the Global Cannabis Plant Nutrients Market Industry. As more countries and states legalize cannabis for medicinal and recreational use, the demand for quality nutrients is expected to rise correspondingly. This trend is particularly evident in North America and Europe, where regulatory frameworks are evolving to support legal cannabis markets. The increase in licensed growers necessitates a robust supply of plant nutrients to ensure optimal crop production. As a result, the market is projected to grow substantially, with estimates suggesting it could reach 5020.9 USD Million by 2035.

    Increased Investment in Cannabis Research

    Investment in cannabis research and development is a driving force within the Global Cannabis Plant Nutrients Market Industry. As the scientific community continues to explore the benefits of various nutrients on cannabis growth and potency, new formulations and products are emerging. Research initiatives funded by both public and private sectors aim to enhance understanding of nutrient interactions and their effects on cannabis plants. This focus on research not only fosters innovation but also encourages the development of tailored nutrient solutions for specific cannabis strains. The anticipated growth in this sector is likely to attract further investments, fueling market expansion.

    Technological Advancements in Nutrient Delivery Systems

    Technological innovations play a pivotal role in the Global Cannabis Plant Nutrients Market Industry. Advanced nutrient delivery systems, such as hydroponics and aeroponics, are gaining traction among cultivators. These systems optimize nutrient absorption, leading to enhanced plant growth and yield. For instance, hydroponic systems can increase crop yields by up to 30% compared to traditional soil cultivation. As these technologies become more accessible, they are likely to attract both commercial growers and home cultivators, further expanding the market. The integration of smart technologies in nutrient management is expected to drive efficiency and sustainability in cannabis cultivation.

    Market Segment Insights

    Cannabis Plant Nutrients Type of Cover Insights

    The Cannabis Plant Nutrients Market segmentation, based on the nutrient type, includes macronutrient and micronutrient. The Macronutrient segment held the majority share in 2022 contributing concerning the Cannabis Plant Nutrients Market revenue. Macronutrients are important at each stage of the cannabis plant’s growth. Different phases, however, require different combinations of the NPK ratio. For instance, during flowering, the cannabis plant requires less nitrogen, but still requires high amounts of potassium and phosphorus. The other macronutrients used for the plant are sulfur, calcium, and magnesium.

    Sulfur is one of the ingredients in amino acids and plant proteins; it is also used in the production of vitamins and hormones and in the flavor of flowers and fruits. It is vital for chlorophyll production and enhances the development of the root system. Magnesium is important for chlorophyll, whereas calcium is used at the vegetative stage for better yield.

    Figure 2: Cannabis Plant Nutrients Market, by Nutrients Type, 2022 & 2030 (USD Billion)

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Cannabis Plant Nutrients Category Insights

    The Cannabis Plant Nutrients Market form data has been bifurcated by conventional and organic. The conventional segment encompasses cannabis grown naturally in forests or any land without much human intervention, along with private plantations. The segment accounts for the maximum market share as the use of the plant has increased in various modes of applications. It has long been used for fiber, seeds, and its oils, while the leaves are used as vegetables and for juicing, medicinal purposes, and as a recreational drug.

    In December 2018, the US Farm Bill Law legalized the use of cannabis and addressed issues such as nutrition, trade, conservation, energy, and forestry. Thus, the conventional segment is expected to account for a larger market share during the forecast period. This has further broadened the growth opportunity for the cannabis plant nutrients industry.

    Figure 2: Cannabis Plant Nutrients Market, by Category, 2022 & 2030 (USD Billion)

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Cannabis Plant Nutrients Mode of Application Insights

    Based on mode of application, the global cannabis plant nutrients industry has been segmented into drenching, fertigation, and foliar. The drenching is holding a highest market share. Drenching is a specific technique used to apply a diluted fertilizer or other nutrients to a particular plant or tree or to a specific group of plants as opposed to the entire field. Rather than spraying fertilizer on all the plants, nutrients are applied directly to the plant roots. As the cannabis plant is small stemmed, this technique is used to apply nutrients directly at the base of the stem.

    Cannabis Plant Nutrients Regional Market Insights

    By Region, the study segments the market into North America, Europe, Asia-Pacific and the Rest of the World. The Asia-Pacific region has become a significant player in the Cannabis Plant Nutrients Market. China, Australia, and New Zealand are the major cultivators of hemp, which is contributing to the growth of the cannabis plant nutrients market in Asia-Pacific. The cannabis plant nutrients market in India is expected to register the highest CAGR, followed by China, during the forecast period. The increasing adoption of organic farming is the primary factor driving the growth of the markets in these countries.

    The high demand for cannabis in the pharmaceutical industry, especially in China and India, is expected to contribute to the growth of the regional market. Moreover, the key players operating in the regional market are making high investments to increase production capacities. Further, the major countries studied are U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, and Australia.

    Figure 3: CANNABIS PLANT NUTRIENTS MARKET SHARE BY REGION 2021 (%)

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    The North America cannabis plant nutrients market is second of the largest regions in the Cannabis Plant Nutrients Market. Cannabis is increasingly used in the cosmetics and pharmaceutical industries with the passage of the US Farm Bill, which plays a vital role in the growth of the regional market. The manufacturers have started developing strategies to tap the potential of cannabis.

    Get more detailed insights about Cannabis Plant Nutrients Market Research Report—Global Forecast till 2030

    Key Companies in the Cannabis Plant Nutrients Market market include

    Industry Developments

    January 2022: Yara signed an agreement with Lantmännen for the development of fertilizers with 80 to 90 percent lower carbon footprint. The agreement is expected to increase the company's portfolio.

    December 2020: Haifa Chemicals Ltd signed an agreement with Saipem for building a new ammonia plant in Mishor Rotem. The facility will have a capacity of 100,000 tons of ammonia a year. The facility and production will strengthen the company's position in the nutrients market

    December 2021: EuroChem Group acquired Fertilizantes Heringer S.A. The acquisition strengthens the company's presence in South America and significantly increases the company's foothold in the region.

    Future Outlook

    Cannabis Plant Nutrients Market Future Outlook

    The Cannabis Plant Nutrients Market is poised for robust growth, driven by increasing legalization and demand, achieving a 31.03% CAGR from 2024 to 2035.

    New opportunities lie in:

    • Develop organic nutrient solutions to cater to eco-conscious consumers.
    • Leverage technology for precision agriculture in cannabis cultivation.
    • Expand distribution channels to include e-commerce platforms for wider reach.

    By 2035, the market is expected to be a dynamic and integral part of the global cannabis industry.

    Market Segmentation

    Cannabis Plant Nutrients Category Outlook

    • Conventional
    • Organic

    Cannabis Plant Nutrients Type of Cover Outlook

    • Macronutrients
    • Micronutrients

    Cannabis Plant Nutrients Mode of Application Outlook

    • Drenching
    • Fertigation
    • Foliar

    Cannabis Plant Nutrients Supplement Regional Outlook

    • US
    • Canada
    • Mexico
    • Germany
    • Estonia
    • France
    • Spain
    • Italy
    • Rest of Europe
    • China
    • Japan
    • India
    • Australia & New Zealand
    • Rest of Asia-Pacific
    • South America
    • Middle East & Africa

    Report Scope

    Report Attribute/Metric Details
    Market Size 2022 USD 201.86 million
    Market Size 2024 USD 256.85 million
    Market Size 2030 USD 1402.8 million
    Compound Annual Growth Rate (CAGR) 29.05% (2024-2030)
    Base Year 2022
    Forecast Period 2024-2030
    Historical Data 2019 & 2021
    Forecast Units Value (USD Billion) and Volume (Billion Sq. Meter)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Segments Covered Type, Form, End User, Application, Distribution Channel, and Region
    Geographies Covered North America, Europe, Asia Pacific, and Rest of the World
    Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Mexico, GCC Countries and South Africa.
    Key Companies Profiled CF Industries Holdings, Inc. (US), Sociedad Química y Minera de Chile (Chile), Nutrien Ltd (Canada), EuroChem Group (Switzerland), Zuari Agro Chemicals Ltd (India), PJSC PhosAgro (Russia), Haifa Chemicals Ltd (Israel), The Mosaic Company (US), Israel Chemicals Limited (Israel), and Yara International ASA (Norway)
    Key Market Opportunities Improving Status of Cannabis in Asian Countries   Increasing Research and Development for Cannabis
    Key Market Dynamics Increasing application of cannabis in the medical industry   Legalization application of cannabis in the medical industry

    Market Highlights

    Author
    Snehal Singh
    Assistant Manager - Research

    High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. By implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in Packaging, Construction, and Equipment domains. She handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.

    Leave a Comment

    FAQs

    How much is the cannabis plant nutrients market worth?

    Cannabis Plant Nutrients Market is pegged at USD 1402.8 billion as of 2030.

    How Big is the U.S cannabis plant nutrients market?

    US cannabis plant nutrients market is poised to grow at 40.88 % market share during 2022.

    What is the growth rate of the cannabis plant nutrients market?

    Cannabis Plant Nutrients Market is poised to grow at 29.05% CAGR during 2024-2030.

    Which region held the largest market share in the cannabis plant nutrients market?

    Asia-Pacific region held the largest market share in the Cannabis Plant Nutrients Market and market share of 40.40% in 2022.

    Who are the key players in the cannabis plant nutrients market?

    CF Industries Holdings, Inc. (US), Sociedad Química y Minera de Chile (Chile), Nutrien Ltd (Canada), EuroChem Group (Switzerland), Zuari Agro Chemicals Ltd (India), PJSC PhosAgro (Russia), Haifa Chemicals Ltd (Israel), The Mosaic Company (US), Israel Chemicals Limited (Israel), and Yara International ASA (Norway)are some of the vital players operating in the cannabis plant nutrients market.

    Which nutrients type led the cannabis plant nutrients market?

    Usage of Macronutrients is poised to drive the cannabis plant nutrients market, which is poised to grow at market share 70.20% during 2022-2030

    Which category had the largest market share in the cannabis plant nutrients market?

    Conventional is poised to hold an upper hand when it comes to sales of cannabis plant nutrients across diverse geographies.

    Download Free Sample

    Kindly complete the form below to receive a free sample of this Report

    Case Study
    Chemicals and Materials