San Francisco, 4 April 2019: The Report Marijuana Drying and Curing Equipment Market Size, Share & Trends Analysis Report
By Country (U.S., Canada, Germany, Australia, Uruguay, Israel, and Colombia),
And Segment Forecasts, 2019 - 2025
The global marijuana drying and curing equipment market size is expected to reach USD 157.1 million by 2025, according to a new report by Grand View Research, Inc., registering a 10.4% CAGR during the forecast period. Increasing number of countries legalizing cannabis cultivation and consumption, growing cultivation capacity, rising cannabis preference by patients suffering from cancer pain, arthritis, and epilepsy, as well as for other relevant medical conditions are some of the factors driving demand for marijuana drying and curing equipment.
Stringent quality standards for cultivation
and curing of medical marijuana is anticipated to boost demand for high quality
and potent marijuana produced through organic methods due to their usage in
treatment of various medical conditions. These newly developed machines help
avoid contamination, prevent moisture variations, preserve active ingredients,
and maintain optimum external conditions, all of which were difficult to
maintain by traditional methods. Thus, higher product quality obtained through
these equipment is expected to drive the market.
The number of weed cultivators has
increased at a rapid rate with a rise in the number of countries legalizing
marijuana. Globally, North America was the largest contributor in terms of
number of marijuana cultivators in 2017. This has had a positive impact on
demand for marijuana drying and curing equipment, as consumer demand shifts to
high quality and potent products.
U.S. dominated this market in 2017, with a
55.0% revenue share, and is expected to maintain its dominance through 2025.
This is attributed due to rapid legalization of cannabis in an increasing
number of states in the country and growing consumption of medical cannabis for
chronic pain, arthritis, cancer, and epilepsy. U.S. is anticipated to witness
incremental opportunity of USD 17.6 million between 2018 and 2025, owing to
potential legalization of cannabis in other states. Germany is expected to
witness the second-highest incremental opportunity of USD 11.7 million between
2020 and 2025 as the country is expected to start distributing licenses for
weed cultivation in early 2019. This, in turn, is expected to drive demand for
marijuana drying and curing equipment over the forecast period.
Access Research Report of Marijuana
Drying & Curing Equipment Market @ https://www.grandviewresearch.com/industry-analysis/marijuana-drying-curing-equipment-market
Further key findings from the report suggest:
· U.S. dominated the global market in 2017,
owing to rising number of states legalizing the cultivation, sale, and
consumption of marijuana; the incremental opportunity in the country is
expected to be USD 17.6 million between 2018 to 2025
· Germany is anticipated to be the fastest
growing market with a CAGR of 5.9 % between 2020 and 2025. The country is
expected to start distributing licenses for weed cultivation in early 2019
· Some of the key market players in the market
are Cann Systems, LLC; Darwin Chambers; Conviron; Autocure; Yofumo
Technologies, Inc.; DHydra Technologies; EnWave Corporation; HARTER GmbH; and
PROTEIN SOLUTIONS GROUP, LLC.
Browse more reports of this category by Grand View
Research at: https://www.grandviewresearch.com/industry/medical-devices
Grand View Research has
segmented the global marijuana drying and curing equipment market on the basis
of country:
Marijuana Drying and Curing Equipment
Country Outlook (Revenue, USD Million, 2014 - 2025)
·
U.S.
·
Canada
·
Germany
·
Australia
·
Uruguay
·
Israel
·
Colombia
Access Press Release of
Marijuana Drying & Curing Equipment Market@ https://www.grandviewresearch.com/press-release/global-marijuana-drying-curing-equipment-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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