Australia Legal Cannabis Market Overview
Maximize Market Research, a global market research firm, provides an in-depth analysis of the"Australia Legal Cannabis Market. The report includes insights into the market size, growth rate, drivers, restraints, challenges, and opportunities for the Australia Legal Cannabis industry.
Australia Legal Cannabis Market Scope and Research Methodology:
The Australia Legal Cannabis Market Analysis is based on both primary and secondary research techniques. Primary research involved direct data acquisition from the marketplace through surveys, interviews, and market observations. Secondary research gathered information from published sources such as news stories, company websites, and industry studies.
The competition within the industry, including market leaders, imitators, and newcomers, was thoroughly studied. The key figures obtained from the Australia Legal Cannabis analysis were confirmed and verified through extensive primary research. Market statistics calculations, including market engineering, market forecasting, market breakdown, and data triangulation, were conducted. Secondary data was collected from the company's annual reports, articles, paid and free databases, etc.
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Australia Legal Cannabis Market Regional Insights:
The research offers a comprehensive examination of growth factors, obstacles, outlook, and the competitive environment in various regions, including North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report also highlights the top countries in each region and projects their respective markets.
Australia Legal Cannabis Market Segmentation:
The market is segmented based on the following criteria:
With 83.2% of total market revenue in 2020, the industrial application category dominated the Australian legal cannabis industry. Hemp fibers 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 utilized for non-textile purposes to lessen deforestation, pollution, and landfill waste. Hemp can help minimize the amount of plastic that ends up in the ocean and landfills, as well as exposure to dangerous substances contained in plastic, according to a November 2016 Rodale Institute article.
The Australian legal cannabis market's medicinal application sector is anticipated to grow at the quickest rate during the forecast period. It's because people are becoming more aware of the positive effects that cannabis products can have on their health and because the Australian government supports its usage for medical purposes. Regulations allowing for convenient access to medicinal cannabis products have been authorized by the Australian federal government, as well as state and territory governments. Among the sub-applications in the medical application were inflammation, anxiety, chronic pain, sleep issues, and pain.
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Australia Legal Cannabis Market Key Players:
The key players in the Australia Legal Cannabis Market include:
• 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)
COVID-19 Impact Analysis on Australia Legal Cannabis Market:
Practically every industry has been hit by the unprecedented global public health disaster known as COVID-19, and the long-term effects are anticipated to have an impact on industry growth for the duration of the forecast period. Our continuing study expands our research methodology to include fundamental COVID-19 concerns and potential next steps. The research provides insights on COVID-19 by taking into account changes in consumer behavior and demand, purchasing patterns, supply chain re-routing, the dynamics of contemporary market forces, and substantial government initiatives. The updated research includes new information, analysis, projections, and predictions based on COVID-19's impact on the market.
Australia Legal Cannabis Market Key Inquiries Addressed:
What are Australia Legal Cannabis?
What are the global trends in the Australia Legal Cannabis Market?
What was the total market size of the Australia Legal Cannabis in 2023?
What is the expected market size of the Australia Legal Cannabis by 2029?
Who held the largest market share in the Australia Legal Cannabis Market?
Who are the leading companies and what are their portfolios in the Australia Legal Cannabis Market?
What are the major challenges that the Australia Legal Cannabis Industry could face in the future?
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Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Industrial Manipulator Market Size, Share, Size Forecast by different segment | 2023−2029
Industrial Manipulator Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Industrial Manipulator Market Segmentation – A detailed analysis by Type, Application, and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional players
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
About Maximize Market Research:
Maximize Market Research is a versatile market research and consulting firm, covering various sectors such as medical devices, pharmaceuticals, science and engineering, electronic components, industrial equipment, technology and communication, automobiles, chemical goods and substances, general merchandise, alcoholic beverages, personal care products, and automated systems. The company offers client impact studies, technical trend analysis, critical market research, competitive analysis, production and demand analysis, and market-verified industry estimations.
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