Market Watch: Marijuana Drying and Curing Equipment Market by Service Type, Device Type, Technology, Application and is Estimated to Gain the Value of USD 162.08 Million by 2029
Aug. 1, 2022 at 11:22 a.m. ET
Data Bridge Market research has recently published the comprehensive business research on “Marijuana Drying and Curing Equipment Market” includes historic data, present market trends, future product environment, marketing strategies, emerging trends or opportunities, and the technical progress in the related industry. Marijuana Drying and Curing Equipment business report makes available an overview of the Marijuana Drying and Curing Equipment industry which is gaining momentum in the last few years. The market report uses a range of steps for collecting, recording, analysing and interpreting market data to make this report all-inclusive. It also offers an outline of the industry that might promote interest among prospective investors, large corporations and everyday users who could participate in the next big opportunity or make their lives just a little easier. The world class Marijuana Drying and Curing Equipment report comprises of the list of leading competitors, strategic industry analysis and the insights of key factors influencing the Marijuana Drying and Curing Equipment industry.
The Marijuana Drying and Curing Equipment market survey provides key information about the Marijuana Drying and Curing Equipment industry, including very helpful and important facts and figures, expert opinions, and the latest developments across the globe. The report contains a chapter on the Global Marijuana Drying and Curing Equipment market and all its linked companies with their profiles, which presents valuable data pertaining to their outlook in terms of finances, product portfolios, investment plans, and marketing and business strategies. Moreover, this report also solves the purpose of validating the information that has been gathered through internal or primary research. The reliable Marijuana Drying and Curing Equipment market report makes organization armed with data and information generated by sound research methods.
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In the future, the worldwide cannabis drying and curing equipment market is expected to grow rapidly, mostly in emerging countries. The growing acceptability of medical marijuana is the main reason driving the growth of the marijuana drying and curing equipment market. Marijuana compounds are used to treat a variety of medical illnesses and disorders. Medical marijuana is identical to recreational marijuana, but it is only prescribed for medical reasons.
Data Bridge Market Research analyses that the marijuana drying and curing equipment market which was USD million in 2021, would rocket up to USD 162.08 million by 2029, and is expected to undergo a CAGR of 10.20% during the forecast period 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Marijuana Drying and Curing EquipmentMarket Dynamics
- Increasing number of countries legalizing cannabis for medical and recreational consumption
Demand for drying and curing equipment is being fueled by the booming cannabis production industry. The marijuana drying and curing equipment market’s key industry trend has been increased research and development spending on equipment development.
- Widespread legalization of hemp
The world’s demand for cannabis is expected to rise, resulting in new economic prospects and investments in the construction of cultivation facilities and capital equipment for cannabis drying and curing. Demand for technologically improved equipment that can speed up the drying process is projected to rise as demand for high grade and strong marijuana grows.
- Increasing consumption of cannabis for medical
The growing popularity of cannabis cultivation is likely to increase demand for these equipment, which come in a variety of technologies. Furthermore, rising consumer demand for high-quality cannabis with low moisture content, less disagreeable odour, and increased active components would support market expansion.
The legalisation of recreational cannabis, an increase in hemp consumption, and a growing desire for marijuana edibles are all contributing to Canada’s strong need for drying and curing equipment. Furthermore, weed producing businesses such as Aurora Cannabis and Canopy Growth are considering expanding their growing capacity, which will aid market growth throughout the forecast period.
Drying and curing marijuana is an important post-harvest step since it has a big impact on the taste and overall quality of the crop. Furthermore, the worldwide marijuana drying and curing equipment market is being boosted by strict quality control methods during cannabis growing. However, the high starting costs of marijuana drying and curing equipment may limit the global market’s future growth.
This marijuana drying and curing equipment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the marijuana drying and curing equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Market Players Covered
Nov Cann drying Systems, LLC (U.S), Darwin Chambers (U.S), Controlled Environments Limited (Canada), Autocure (U.S), YOFUMO TECHNOLOGIES (U.S), DHydra Technologies (Canada), EnWave Corporation (Canada), HARTER drying solutions (Germany), PROTEIN SOLUTIONS GROUP (U.S), Tikun Olam (Israel), Canopy Growth Corporation (Canada), Aphria, Inc. (Canada), Organigram Holdings, Inc. (Canada), Aurora Cannabis Inc. (Canada), The Cronos Group (Canada), Maricann Inc. (Canada), Tilray Brands Inc. (U.S)
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The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the Marijuana Drying and Curing Equipment market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
- Market Development: Comprehensive information about emerging markets. This report analyses the market for various segments across geographies.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Marijuana Drying and Curing Equipment market.
Global Marijuana Drying and Curing Equipment Market Scope
The marijuana drying and curing equipment market is segmented on the basis of type, product and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Chronic pain
- Mental disorders
Highlights of Following Key Factors:-
- Business description
A detailed description of the company’s operations and business divisions
- Corporate strategy
Analyst’s summarization of the company’s business strategy
- Company history
Progression of key events associated with the company
- Major products and services
A list of major products, services and brands of the company
- Key competitors
A list of key competitors to the company
- Important locations and subsidiaries
A list and contact details of key locations and subsidiaries of the company
- Detailed financial ratios for the past 5 years
The latest financial ratios derived from the annual financial statements published by the company with 5 years’ history.