Cannabis
Global $22.6 Bn Cannabis Extraction Equipment Market to 2027
Dublin, June 13, 2022 (GLOBE NEWSWIRE) — The “Global Cannabis Extraction Equipment Market, By Product, End User & By Region – Forecast and Analysis 2022-2027” report has been added to ResearchAndMarkets.com’s offering.
The global cannabis extraction equipment market was valued at USD 8310.32 Million in 2021, and it is expected to reach a value of USD 22602.12 Million by 2027, at a CAGR of more than 15.04% over the forecast period (2022 – 2027).
Cannabis extraction is an oil-like substance that concentrates chemical compounds like THC or CBD from the cannabis plant. Cannabidiol (CBD) oil is a natural botanical concentrate that is high in the compound CBD. There are around 85 cannabinoids identified in the cannabis plant, with CBD being the second most common after tetrahydrocannabinol (THC).
Many medical benefits have been founded in Cannabidiol Oil (CBD Oil), which stimulated the demand. In addition, more and more countries are struggling with the legalization of the application of hemp or Marijuana.
The rising popularity of cannabis extracts such as oils and tinctures, as well as the legalization of marijuana for the treatment of various chronic diseases such as Alzheimer’s, cancer, arthritis, and anxiety, are driving the market growth. Because of increased awareness of marijuana’s medical benefits, the marijuana industry is booming.
Decriminalization and/or legalization of medical marijuana in some countries has resulted in a decrease in the black market as people prefer to buy marijuana legally for medical purposes.
Cannabis oils and tinctures can be used to create edible and topical products in addition to smoking. These are commonly used to treat conditions such as cancer, mental illness, and nausea, as well as for recreational purposes such as vaping.
The report provides market sizing and forecast across five major regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), and Middle East & Africa (MEA). In this report, the year 2016 to 2020 is considered a historical year, 2021 is the base year, 2022 is the estimated year, and years from 2022 to 2027 are considered the forecast period.
Companies Mentioned
- Rough Brothers, Inc
- Precision Extraction Solutions
- Eden Labs
- Isolate Extraction Systems Inc.
- Extraktl Ab
- Extractiontek Solutions
- Capna Systems
- Mrx Xtractors
- Luna Technologies
For more information about this report visit https://www.researchandmarkets.com/r/4k163m
Attachment
Cannabis
Sannabis, Inc. (OTC: USPS) Announces First Shipment of Cannabis Essential Oil from Colombia to U.S. to Fill First Order, as the DEA Re-Classifies Marijuana from Schedule I to Schedule III
Cannabis
Technological Advancements in Breathalyzers Drive Market Growth and Enhance Road Safety
Cannabis
Bay Area Social Equity Operator Launches the Purple Raina Balm Wand 1:1, an Inclusive Multipurpose Cannabis Topical
-
Cannabis2 weeks ago
Sannabis, Inc. (OTC: USPS) Unveils Innovative NO LICK! Terpene Spray for Cannabis Products to Enhance CBD and THC to Achieve the Entourage Effect
-
Innocan2 weeks ago
Innocan Pharma Initiates FDA Approval Process for Liposome Injection Therapy for Chronic Pain
-
Curaleaf2 weeks ago
Curaleaf Completes Acquisition of Northern Green Canada
-
Cannabis2 weeks ago
Cannabis Capsule Global Analysis Report 2024: Market to Reach $79.2 Billion in 2028 – Forecast to 2033 Featuring GW Pharmaceuticals, Trulieve Cannabis, Green Thumb Industries, Tilray, Columbia Care
-
SCHWAZZE4 days ago
Schwazze Sets First Quarter 2024 Conference Call for May 15, 2024 at 5:00 p.m. ET
-
Cannabis4 days ago
Technological Advancements in Breathalyzers Drive Market Growth and Enhance Road Safety
-
Humboldt4 days ago
Humboldt Seed Company partners with Apollo Green to bring California cannabis genetics to the global marketplace
-
Cannabis4 days ago
Bay Area Social Equity Operator Launches the Purple Raina Balm Wand 1:1, an Inclusive Multipurpose Cannabis Topical