CBD Plant Nutrients Market Growing Like a Weed

  • The growth of the market for CBD plant nutrients is driven by the increasing legalization of CBD in various countries.
  • Stringent government regulations regarding CBD are expected to hamper the growth of the global market.
  • India is projected to grow at the fastest rate owing to the recent legalization of hemp cultivation in the country.

Global CBD Plant Nutrients Market is expected to register a CAGR of 28.36% to reach $453,208.5 Thousand by 2025. CBD plant nutrients are macro- and micro-nutrients required for the healthy growth of the plant and to increase the yield.

The growth of the market for CBD plant nutrients is driven by the increasing legalization of CBD in various countries across the globe. Along with this, the increasing application of CBD in the medical and cosmetic industries is the other major factor fueling the growth of the market. However, stringent government regulations regarding CBD are expected to hamper the growth of the global market.

Key Players

Global CBD Plant Nutrients Market Key Players ZuariAgroChemicals Ltd (India), PhosAgro (Russia), Sociedad Química y Minera de Chile (Chile), Nutrien Ltd (Canada), CF Industries Holdings, Inc (US), EuroChem Group (Switzerland), Haifa Chemicals Ltd (Israel), The Mosaic Company (US), Israel Chemicals Limited (Israel), and Yara International ASA (Norway).

Market growth is driven by the increasing legalization of CBD.

Regional Analysis

The global CBD plant nutrients market, by region, has been segregated into North America, Europe, Asia-Pacific, and the Rest of the World.

Asia-Pacific is a lucrative market for the producers of CBD plant nutrients and accounted for the largest market share of 40.44% of the global CBD nutrients market in 2018. China, Australia, and New Zealand are the major hemp cultivators in the region, thus contributing to the growth of the CBD nutrient market. India is projected to grow at the fastest rate owing to the recent legalization of hemp cultivation in the country. The high demand for CBD in the pharmaceutical industry is expected to contribute to the growth of the regional market.

Europe is expected to hold a prominent share of the global CBD plant nutrients market during the review period. The increasing use of CBD in the pharmaceutical industry, as well as the use of organic ingredients in the region, is driving the growth of the regional market. In recent years, hemp cultivation for seed production has increased in the region, contributing to the growth of the CBD plant nutrients in the region. Germany, France, and Italy are the major markets contributing to the growth of the regional market.

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Industry Segment

The global CBD plant nutrients market has also been segmented by type, category, and mode of application.

Stringent government regulations regarding CBD are expected to hamper market growth.

Based on type, the global CBD plant nutrients market has been segmented into macronutrients and micronutrients. The macronutrients segment held a prominent share of the global market and is further bifurcated into nitrogen, phosphorus, potassium, and others. However, micronutrients segment is expected to witness a higher CAGR during the forecast period.

By category, the global CBD plant nutrients market has been classified as conventional and organic. The conventional segment accounted for a larger market share in 2018. However, the organic segment is projected to exhibit a higher CAGR during the forecast period.

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Suraj Taur

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