*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Thailand Medical Cannabis Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

The Thailand medical cannabis market reached a value of US$ 26.3 Million in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 32% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Cannabis, also known as marijuana, comes from the hemp plants such as cannabis sativa and cannabis indica. THC (tetrahydrocannabinol) is the main psychoactive part of cannabis and is used for medicinal purposes in several countries across the globe. Similar to several other countries, cannabis was extensively used as a traditional medicine in Thailand. It was also used for several medical purposes like muscle relaxer, to ease women’s labor pains and as a condiment in cooking. However, the sale and possession of marijuana was banned and criminalized in 1935 by the Cannabis Act and was further criminalized by the Narcotics Act of 1979. Despite this, the marijuana culture in Thailand has softened over last few decades, though not completely. Recently, Thailand government has legalized cannabis for medical purposes. There are several factors that will drive the demand for cannabis in Thailand. Thailand possesses geographical advantage over the production of cannabis because of its annual tropical climate resulting in lower production costs as less artificial light needed and temperature control are required for the cultivation of cannabis. Moreover, Thailand has historically had a strong tradition of using cannabis for medical purposes which is also expected to create a positive impact on its demand. Some of the other major factors that will drive the market include foreign investments, ageing population, increasing number of clinical trials and R&D investments, etc.

IMARC’s latest study “Thailand Medical Cannabis Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” presents the reader with a thorough understanding of the Thailand medical cannabis market. The study covers all the requisite aspects of the medical cannabis market in Thailand. This ranges from macro overview of the market to micro details of the industry performance, processing and manufacturing requirements, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the Thailand medical cannabis industry in any manner.

Thailand Medical Cannabis Market Segmentation:

Market Breakup by Cultivated Species:

  • Indica
  • Sativa
  • Hybrid

Market Breakup by Derivatives:

  • Cannabidiol (CBD)
  • Tetrahydrocannabinol (THC)
  • Others

Market Breakup by Application:

  • Cancer
  • Arthritis
  • Migraine
  • Epilepsy
  • Others

Market Breakup by End-Use:

  • Pharmaceuticals
  • Research and Development Centres
  • Others

Market Breakup by Route of Administration:

  • Oral Solutions and Capsules
  • Smoking
  • Vaporizers
  • Topicals
  • Others

Key Questions Answered in This Report:

  • How has the Thailand medical cannabis industry performed so far and how will it perform in the coming years?
  • What are the popular species in the Thailand medical cannabis industry?
  • What has been the impact of COVID-19 on the Thailand medical cannabis industry?
  • What are the key derivatives in the Thailand medical cannabis industry?
  • What are the various applications of medical cannabis?
  • Who are the major end-users for medical cannabis?
  • What are the major routes of administration in the Thailand medical cannabis industry?
  • What are the various stages in the value chain of the medical cannabis industry?
  • What are the cultivation and harvesting requirements for cannabis?
  • What are the processing requirements for cannabis?
  • What are the key driving factors and challenges in the Thailand medical cannabis market?
  • What is the structure of the Thailand medical cannabis industry and who are the key players?
  • What is the degree of competition in the Thailand medical cannabis market?

Please note that this is a half ready report. This report will be delivered to you within 3-4 days after the confirmation of payment.

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
   2.4    Market Estimation
         2.4.1    Bottom-Up Approach
         2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Thailand Medical Cannabis Industry
    5.1    Market Overview
    5.2    Market Potential
    5.3    Impact of COVID-19
    5.4    Market by Cultivated Species
        5.4.1    Indica
        5.4.2    Sativa
        5.4.3    Hybrid
    5.5    Market by Derivatives 
        5.5.1    Cannabidiol (CBD)
        5.5.2    Tetrahydrocannabinol (THC)
        5.5.3    Others
    5.6    Market by Application Areas
        5.6.1    Cancer 
        5.6.2    Arthritis
        5.6.3    Migraine
        5.6.4    Epilepsy
        5.6.5    Others
    5.7    Market by End-Use
        5.7.1    Pharmaceuticals
        5.7.2    Research and Development Centres 
        5.7.3    Others
    5.8    Market by Route of Administration
        5.8.1    Oral Solutions and Capsules 
        5.8.2    Smoking
        5.8.3    Vaporizer
        5.8.4    Topicals
        5.8.5    Others
    5.9    Market Forecast
6    Thailand Medical Cannabis Market: SWOT Analysis
    6.1         Overview
    6.2         Strength
    6.3         Weaknesses
    6.4         Opportunities
    6.5         Threats
7      Thailand Medical Cannabis Market: Value Chain Analysis
8      Thailand Medical Cannabis Market: PESTEL Analysis

    8.1         Political Factors
    8.2         Economic Factors 
    8.3         Social Factors 
    8.4         Technological Factors 
    8.5         Environmental Factors 
    8.6         Legal Factors 
9    Thailand Medical Cannabis Market: Margin Analysis
    9.1         Farmers Margins
    9.2         Collectors Margins 
    9.3         Cannabis Manufacturer Margins 
    9.4         Distributor Margins 
    9.5         Exporters Margins 
10    Thailand Medical Cannabis Market: Porter’s Five Forces Analysis
    10.1       Overview
    10.2       Bargaining Power of Suppliers
    10.3       Bargaining Power of Buyers
    10.4       Degree of Rivalry
    10.5       Threat of New Entrants
    10.6       Threat of Substitutes
11    Key Success and Risk Factors
12    Overview of Clinical Research Suggesting the Benefits of Medical Cannabis Across Various Indications 

    12.1     Alzheimer’s Disease 
    12.2     Autism 
    12.3     Cancer 
    12.4     Chronic Pain 
    12.5     Epilepsy 
    12.6     Migraine 
    12.7     Digestive Disorders 
    12.8     Multiple Sclerosis 
    12.9      Schizophrenia 
    12.10     Others 
13    Thailand – As a Cannabis Production and Exporting Hub
    13.1     Historically Strong Tradition of Using Cannabis for Medical Purposes
    13.2     Geographical Advantage Resulting in Lower Production Cost 
    13.3     Low Processing Cost due to Lower Labour Cost  
    13.4     Recent Government Legislations Beneficial for the Cannabis Industry 
    13.5     Large Inflow of Foreign Investments is expected in the Coming Years  
14    Cultivation and Harvesting of Cannabis 
    14.1       Land Requirements
    14.2       Construction Requirements
    14.3       Machinery Requirements
    14.4       Labour Requirements
    14.5       Climate Requirements
    14.6       Soil Requirements and Treatment
    14.7       Yield per Hectare
    14.8       Period of Maturation
    14.9       Seed Selection and Treatment
    14.10     Land Preparation and Planting
    14.11     Irrigation Requirements
    14.12     Crop Protection
    14.13     Storage and Packaging
    14.14     Transportation
    14.15     Total Costs Involved
        14.15.1     Fixed Costs
        14.15.2     Variable Costs
15   Processing of Cannabis
    15.1      Detailed Process Flow
    15.2      Various Unit Operations Involved
    15.3      Land Requirements
    15.4      Construction Requirements
    15.5      Machinery Requirements
    15.6      Raw Material Requirements
    15.7      Packaging Requirements
    15.8      Transportation
    15.9      Utility Requirements
    15.10    Total Costs Involved
        15.10.1     Fixed Costs
        15.10.2     Variable Costs
16    Key Market Challenges
17    Competitive Landscape
18    Profiles of Key Players

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