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The 2022 Cannabis Industry Outlook And Forecasts For The Horticulture Lighting Market
The 2022 Cannabis Industry Outlook And Forecasts For The Horticulture Lighting Market

The 2022 Cannabis Industry Outlook And Forecasts For The Horticulture Lighting Market

The cannabis industry in 2021 has attracted opportunities and challenges. What development will it has in 2022?

Below is the Industry consulting forecast in 2022.

  • Industrial cannabis cosmetics, clothing, and fashion products will become more popular in popular culture, including luxury brands and celebrity endorsements.
  • Mexico will legalize cannabisand give a legal framework by the end of the year.
  • Germany will conceptually legalize cannabis by the end of the year but will have no framework.
  • As more jurisdictions and countries legalize cannabis, the ups and downs of the industry will become more pronounced and happening faster this year.
  • The United States will not make meaningful federal reforms.
  • American cannabiscompanies will continue to resist competition from traditional cannabis
  • Traditional cannabiscontinues to get to the legal market and compete with cannabis
  • Cannabis consumers will need more products from craft producers, while traditional marijuana players will gain market share in 2022 (see Canada 2021).

The development and popularity of the cannabis industry is also good news for the horticulture lighting industry.Professional marijuana cultivation needs led grow lights, for Gavita, Fluence (Signify) and other famous brands, their future is foreseeable.The market may be a transitional stage at the beginning of 2022, and in the second half of the year, or even at the beginning of 2023, the market will get in another peak. However, in this process of recovery, some brands will be eliminated, and good brands will become the giants of the industry.

The development of Led grow light will also drive the development of power supply, LED chip, etc. According to the consulting of Inventronic, Sosen, and other power brands, the current demand for led grow light power supply is not big, for led chip, due to the high profits of the previous industry, many brands have hoarded a lot of inventory.Overall, demand for led grow lights will only continue to increase and for Ledestar we constantly improve technology, and led parameters for LED,like red led, blue led, and UV that enhances cannabis quality.

For Ledestar,technology is the foundation of brand development.There are both opportunities and challenges in 2022.

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