Global marijuana drying & curing equipment market expected to generate around USD 167 million by 2025, at a CAGR of around 10.35% between 2019 and 2025. The growing acceptance of medical marijuana is the primary factor influencing the marijuana drying & curing equipment market development
The report covers a forecast and an analysis of the marijuana drying & curing equipment market on a global and regional level. The study provides historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based revenue (USD Million). The study includes the drivers and restraints of the marijuana drying & curing equipment market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the marijuana drying & curing equipment market on a global level.
In order to give the users of this report a comprehensive view of the marijuana drying & curing equipment market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers price trend analysis and product portfolio of various companies according to regions.
The study provides a decisive view of the marijuana drying & curing equipment market by segmenting it based on marijuana type, product type, application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2025. The regional segment includes the historic and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Some major players operating in the global marijuana drying & curing equipment market include Cann Systems, Darwin Chambers, Conviron, Autocure, Yofumo Technologies, DHydra Technologies, EnWave Corporation, HARTER, 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
After harvesting cannabis plants, before the curing of the buds the plants undergo a process of drying. Marijuana retains its chlorophyll even after it is harvested, which makes it unsuitable for smoking. Thus, the plants undergo the drying process. There are different processes and methods for drying marijuana plants. In all the methods, the duration of the drying process and environment quality lead to quality products. After the plant is dried, the buds then undergo curing stage, which is completely different from drying. The buds are placed in glass jars for a couple of weeks to enhance the product’s potency and flavor during the curing method.
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 the 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.
Based on marijuana type, the marijuana drying & curing equipment market includes medical and recreational. On the basis of product type, the market is categorized into oil, bud, and tinctures. By application, the market is bifurcated into chronic pain, mental disorders, cancer, and others.
Majority of the market revenue was contributed by North America in 2018 and is expected 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 expected 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 Cann Systems, Darwin Chambers, Conviron, Autocure, Protein Solutions, DHydra Technologies, EnWave Corporation, HARTER, and Yofumo Technologies.
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