Recreational Drugs Market Share

North American Market Forecast

According to recreational drugs market trends, the North American region is considered to have a share of about 39% in the coming years. The market expansion is due to rapid urbanization. By 2050, 90% of the U.S. population growth is planned to live in urban areas. A variety of diseases and deviancies can emerge in an urban environment. These include depression, mental instability, substance abuse, alcoholism, and delinquent behavior as well as family disintegration and detachment. There is compelling evidence that urban residents are significantly more likely to report mental illness, which leads to the use of drugs or alcohol as self-medication.

APAC Market Analysis

The Asia Pacific market will register a share of about 27% by the end of 2037. Recreational drug use has increased substantially in India in recent years, being one of the largest producers of legal opium for the pharmaceutical business.

In addition, cannabis has a high industrial potential in India due to its optimal climatic conditions for production and its wide applications in a variety of industries. Cannabis can be used to make hemp fiber and oil, which have a variety of applications in textiles, food supplements, biodegradable plastics, paper, cosmetics, rope, canvas, biofuels, and paint. Hemp is a cannabis plant with minimal THC (less than 0.4%) and high CBD. Hemp farming can also help the environment by lowering soil erosion, water usage, pesticide use, and carbon emissions.