04-Jun-2019 | Zion Market Research
Zion Market Research has published a new report titled “Marijuana Drying & Curing Equipment Market by Marijuana Type (Medical and Recreational), by Product Type (Buds, Oil, and Tinctures), and by Application (Chronic Pain, Mental Disorders, Cancer, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global marijuana drying & curing equipment market was approximately USD 84 million in 2018 and is expected to generate around USD 167 million by 2025, at a CAGR of around 10.35% between 2019 and 2025.
The global marijuana drying & curing equipment market is likely to experience rapid growth, mainly in developing nations, in the future. The growing acceptance of medical marijuana is the primary factor influencing marijuana drying & curing equipment market development. Medical marijuana utilizes marijuana chemicals to treat various medical conditions and diseases. Medical marijuana is same as recreational marijuana, but it's prescribed strictly for medical purposes. Cannabidiol (CBD) and Delta-9-tetrahydrocannabinol (THC) are two crucial chemicals that are used in medical marijuana. Additionally, the rising legalization of cannabis/hemp in developed countries like the U.S. is positively impacting the market development. Furthermore, stringent quality control measures during cannabis cultivation are also boosting the global marijuana drying & curing equipment market. However, high initial investments needed for marijuana drying & curing equipment may hinder this global market’s growth in the future.
Browse the full “Marijuana Drying & Curing Equipment Market by Marijuana Type (Medical and Recreational), by Product Type (Buds, Oil, and Tinctures), and by Application (Chronic Pain, Mental Disorders, Cancer, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/marijuana-drying-and-curing-equipment-market
Based on marijuana type, the marijuana drying & curing equipment market includes medical and recreational. Medical marijuana is anticipated to lead the global market in the years ahead, owing to the growing acceptance of medical marijuana as it helps in the treatment of various diseases, such as arthritis, headache, etc.
On the basis of product type, the market is categorized into oil, bud, and tinctures. Buds are expected to dominate the market in the upcoming years.
By application, the market is bifurcated into chronic pain, mental disorders, cancer, and others. Mental disorders are likely to dominate the global market in the future, owing to the growing use of medical marijuana for treating patients.
Majority of the market revenue was contributed by North America in 2018 and is projected to continue its regional authority in the upcoming years as well. The regional market growth is attributed to the increasing consumption of medical and recreational marijuana across the region. Moreover, the growing cannabis cultivation is also expected to boost this regional market in the years ahead. The Asia Pacific marijuana drying & curing equipment market is likely to grow significantly in the future, owing to the growing acceptance of medical marijuana in the Southeast Asian nations. Thailand was the first Southeast nation to legalize the use of medical marijuana.
Some major players operating in the global marijuana drying & curing equipment market include Darwin Chambers, Autocure, DHydra Technologies, HARTER, Cann Systems, Conviron, Yofumo Technologies, EnWave Corporation, and Protein Solutions.
This report segments the global marijuana drying & curing equipment market into:
Global Marijuana Drying & Curing Equipment Market: Marijuana Type Analysis
Global Marijuana Drying & Curing Equipment Market: Product Type Analysis
Global Marijuana Drying & Curing Equipment Market: Application Analysis
Global Marijuana Drying & Curing Equipment Market: Regional Analysis
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