DUBLIN – (BUSINESS THREAD) – The report “Global market for cannabis extraction equipment, by product, end user and by region – Forecast and analysis 2022-2027” has been added to ResearchAndMarkets.com’s offering.
The global cannabis extraction equipment market was valued at $ 8310.32 million in 2021 and is expected to reach $ 22602.12 million in 2027, with a CAGR of more than 15, 04% during the forecast period (2022-2027).
Cannabis extraction is an oil-like substance that concentrates chemical compounds such as THC or CBD from the cannabis plant. Cannabidiol oil (CBD) is a natural botanical concentrate that is high in compound CBD. There are about 85 cannabinoids identified in the cannabis plant, CBD being the second most common after tetrahydrocannabinol (THC).
Many medical benefits have been based on cannabidiol oil (CBD oil), which stimulated demand. In addition, more and more countries are struggling with the legalization of the application of hemp or marijuana.
The growing 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 growth of the market. . Due to the growing awareness of the medical benefits of marijuana, the marijuana industry is booming.
The decriminalization and / or legalization of medical marijuana in some countries has led to a decline 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 vaporization.
The report provides market size and forecast for five main regions, namely North America, Europe, Asia-Pacific (APAC), Latin America (LATAM) and the Middle East and Africa (MEA). In this report, 2016 to 2020 is considered a historic year, 2021 is the base year, 2022 is the estimated year, and the years 2022 to 2027 are considered the forecast period.
Mentioned companies
Rough Brothers, Inc.
Precision extraction solutions
Eden Labs
Isolate Extraction Systems Inc.
extractl ab
Extractiontek Solutions
Capna systems
Mrx Xtractors
Luna Technologies
To learn more about this report, visit https://www.researchandmarkets.com/r/jxalr3
