Cannabis Plant Nutrients Market Worth USD 9,45,697.3 Million by 2028 at a CAGR of 28.97% – Report by Market Research Future (MRFR)
24-Nov-22 05:09:30
Cannabis Plant Nutrients Market Trends and Insights by Nutrient Type (Macronutrients and Micronutrients), Category (Conventional and Organic), Mode of Application (Drenching, Fertigation and Foliar), and Region (North America, Europe, Asia-Pacific, and Rest of the World), Competitive Market Growth, Size, Share and Forecast to 2028
According to a Comprehensive Research Report by Market Research Future (MRFR), “Cannabis Plant Nutrients Market Information by Nutrient Type, Category, Mode of Application, and Region – Forecast till 2028“, the market could anticipate achieving a CAGR of 28.97% between 2021 and 2028 and reach a value of USD 9,45,697.3 Million by 2028.
Market Scope:
The macro- and micronutrients called cannabis plant nutrients are necessary for a plant’s healthy growth and great yield. These elements contribute to the cannabis plant’s overall growth. Fertilizers, both organic and conventional, are a common component of the cannabis plant nutrients market and are widely utilized in cannabis plant growth. The expansion of the market is primarily driven by the legalization of cannabis in numerous nations throughout the world. The market is expanding over the review period in part due to the growing use of cannabis in the medical sector. Additionally, during the study period, there is potential for market expansion due to the rising research and development for cannabis and the developing legal status of cannabis in Asian nations.
Cannabis plants are sensitive when it comes to nutrition, and there is a fine line between feeding them correctly and poisoning them. For a plant to grow healthily and produce well, CBD plant nutrients are crucial macro- and micronutrients. These nutrients aid in the general growth of the plant. The primary nutrients are calcium and sulfur, whereas the secondary nutrients are nitrogen, phosphorus, and potassium. Zinc, boron, and iron are some of the micronutrients. These CBD plants are used by the pharmaceutical sector to treat chronic illnesses. In the cosmetics industry, even these nutrients are used.
SOURCE & CREDIT: INDIA SHORTS