CBD Plant Nutrients Market

• Rising R&D activities are driving the market growth

The growing adoption of CBD across various applications and the rise in R&D-related activities is driving Market CAGR for CBD plant nutrients. The macro- and micronutrients in CBD plant nutrients are crucial for a plant's healthy growth and excellent output. These nutrients help the CBD plant develop more robustly overall. Due to the legalization of CBD in most countries, the market for CBD plant nutrients is expanding rapidly. As a result, the need for CBD nutrition has grown significantly during the past few years.

CBD's nutritional needs are compared to those of maize, which has a high demand for potassium and nitrogen throughout much of its life cycle. This has increased the demand for these minerals from cannabis growers.  

Due to their success in treating a number of chronic ailments, CBD plant nutrients are in great demand in the pharmaceutical sector. They are gradually being applied in the cosmetics sector as well. The approval of hemp farming in the majority of the world's nations is anticipated to aid in the expansion of the market. Additionally, the ongoing study of cannabinoids and the advancement of cannabis law in Asian nations are predicted to create prosperous expansion prospects for CBD growers.

CBD plant nutrients are in high demand in the pharmaceutical industry as a result of their success in treating a range of chronic illnesses. The cosmetics industry is gradually implementing them as well. It is projected that the approval of hemp farming in the vast majority of countries would aid in the growth of the worldwide market. Additionally, CBD farmers are expected to benefit from the ongoing research into cannabinoids and the development of cannabis legalization in Asian countries.

CBD plant nutrition is experiencing phenomenal market expansion. Because more fertilizers are being used on plants, it is harmful to people. The crop yield has grown as a result. Therefore, the treatment for chronic illness uses both macronutrients and micronutrients. Even so, it has generated expansion prospects for the CBD Plant Nutrients Market. Thus, driving the CBD Plant Nutrients market revenue.

The Global CBD Plant Nutrients Market Industry experiences a surge in demand for CBD products, driven by increasing consumer awareness regarding the health benefits of CBD. As of 2024, the market is valued at 0.33 USD Billion, reflecting a growing acceptance of CBD in various sectors, including wellness and beauty. This trend is likely to continue as more consumers seek natural alternatives for health and wellness, thereby propelling the demand for high-quality CBD plant nutrients. The anticipated growth in the market indicates a robust trajectory, with projections suggesting that by 2035, the market could reach 14.9 USD Billion.

The expansion of CBD applications across various industries contributes to the growth of the Global CBD Plant Nutrients Market Industry. CBD is increasingly utilized in sectors such as food and beverage, cosmetics, and pharmaceuticals, broadening its market reach. This diversification creates a heightened demand for specialized plant nutrients tailored to support the unique requirements of CBD cultivation. As the market evolves, producers are likely to invest in research and development to create innovative nutrient solutions, thereby fostering growth. The projected increase in market value to 14.9 USD Billion by 2035 underscores the potential for continued expansion in this sector.

Regulatory frameworks supporting CBD cultivation play a crucial role in shaping the Global CBD Plant Nutrients Market Industry. Governments worldwide are increasingly recognizing the potential economic benefits of CBD, leading to the establishment of favorable regulations. This regulatory support encourages farmers to engage in CBD cultivation, thereby driving the demand for specialized plant nutrients. As regulations continue to evolve, the market is expected to witness substantial growth, with projections indicating a compound annual growth rate of 41.53% from 2025 to 2035. This growth reflects the increasing legitimacy of CBD as a viable agricultural product.

The Global CBD Plant Nutrients Market Industry is significantly influenced by the rising consumer preference for organic and sustainably sourced products. As consumers become more environmentally conscious, there is a growing demand for organic CBD products, which necessitates the use of organic plant nutrients. This trend is likely to drive the market for CBD plant nutrients, as producers seek to meet consumer expectations for quality and sustainability. The emphasis on organic farming practices may lead to innovations in nutrient formulations, further enhancing the market's appeal and potential for growth in the coming years.

Technological innovations in agriculture significantly impact the Global CBD Plant Nutrients Market Industry. The adoption of precision agriculture techniques and advanced nutrient delivery systems enhances the efficiency of CBD cultivation. These technologies enable farmers to optimize nutrient application, leading to improved crop yields and quality. As a result, the market for CBD plant nutrients is likely to expand, driven by the need for effective nutrient management solutions. The integration of data analytics and IoT in farming practices may further streamline operations, potentially increasing the market's value as producers seek to maximize their returns on investment.

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. During the projected period, the North American CBD Plant Nutrients market is expected to dominate over the course of the forecasted period. The market is growing due to rising consumer awareness of cannabis' enhanced benefits.

Further, the major countries studied in the market report are The US, Canada, German, France, the U.K., Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: CBD PLANT NUTRIENTS MARKET SHARE BY REGION 2022 (USD Billion)

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

Asia Pacific CBD Plant Nutrients market accounts for the fastest market share. Due to reasons including greater CBD legalization in numerous nations and pro-CBD government actions by Thailand, South Korea, and Australia, the region's CBD pet sector is growing. Moreover, Australia’s CBD Plant Nutrients market held the largest market share, and the South Korean CBD Plant Nutrients market was the quickest-growing market in the Asia-Pacific region.

The Europe CBD Plant Nutrients Market is expected to expand at the quickest CAGR from 2023 to 2032. Growth in the healthcare industry and technological developments in cannabidiol (CBD) medicinal treatments are additional factors propelling the European region. Further, the Canada CBD Plant Nutrients market was the fastest-growing region in the market, and the German CBD Plant Nutrients market held a substantial share of the market.

Leading market players are investing capital and resources across research and development in order to extend their product offerings, this is expected to help the CBD Plant Nutrients market, grow even more. Market leaders and manufacturers are also adopting various strategies to expand their worldwide footprint, with important market developments including new product developments & launches, contracts & agreements, mergers & acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, CBD Plant Nutrients industry must offer cost-effective items.

The manufacturers are making use of locally available resources to minimize the production costs which will aid the growth of the CBD Plant Nutrients industry to benefit clients and increase the market sector. In recent years, the CBD Plant Nutrients industry has offered some of the most significant advantages to medicine.

Major players in the CBD Plant Nutrients market, including EuroChem Group, Sociedad Química y Minera de Chile, Nutrien Ltd., CF Industries Holdings, Inc., ZuariAgroChemicals Ltd., PhosAgro, Haifa Chemicals Ltd., The Mosaic Company, Israel Chemicals Limited, Yara International ASA, HEXGRO, and others, are attempting to increase market demand by investing in research and development operations.

Nitrogen and hydrogen products are produced and distributed by CF Industries Holdings Inc (CF Industries) for use in fertilizer, reducing emissions, and other industrial purposes. In addition to ammonia, the company also sells granular urea, urea ammonium nitrate solution (UAN), ammonium nitrate, diesel exhaust fluid (DEF), urea liquor, nitric acid, and aqua ammonia. It offers the goods for sale to cooperatives, independent fertilizer dealers, farmers, and commercial customers. The business maintains distribution centers in the UK, Canada, and the US.

The business also exports nitrogen fertilizer goods from its production sites in Billingham, the UK, Yazoo City, Mississippi, and Donaldsonville, Louisiana. The US city of Deerfield, Illinois, is home to CF Industries' main office. In May 2023, By producing and distributing low-carbon nitrogen fertilizer, CF Industries is collaborating with CHS Inc. to hasten the decrease of agricultural and food system greenhouse gas (GHG) emissions. As a component of the U.S.-UAE Agriculture Innovation Mission for Climate (AIM for Climate) program, which aims to spur worldwide innovation in climate-smart agriculture, this initiative was created.

Pharmaceuticals and consumer wellness are the two primary business divisions of the pharmaceutical technology company Innocan Pharma. Innocan focuses on creating cutting-edge drug delivery platform technologies using the science of cannabinoids in the pharmaceuticals sector in order to treat a variety of illnesses and enhance patients' quality of life. Innocan creates and produces a diverse range of cutting-edge self-care products to support healthy living in the consumer wellness industry. Innocan has created a joint venture within this section called BI Sky Ltd., which specializes in creating sophisticated targeted online sales.

In June 2020, A funded research partnership between Ramot at TAU and InnoCan Pharma Ltd. of Herzliya, Israel, was announced by InnoCan Pharma Corporation. This arrangement aims to establish a ground-breaking novel method of treating COVID-19 by employing cannabidiol (CBD) loaded exosomes ("CLX").