Global Marijuana Drying and Curing Equipment Market, by Type (medical, recreational), Product (oil, bud, tinctures), by Application (Medical, Recreational, Others) – Industry Trends and Forecast to 2029.
Market Analysis and Size
In the future, the worldwide marijuana 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.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (medical, recreational), Product (oil, bud, tinctures), by Application (Medical, Recreational, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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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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Market Opportunities
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Market Definition
Marijuana is a plant that has a variety of therapeutic applications, including the treatment of chronic pain, nausea, and poor appetite, as well as weight loss caused by chronic sickness. The legality of opening and operating a medical marijuana dispensary is a complex topic that requires careful consideration. Producing and selling marijuana at dispensaries has become a booming business, but there are a few things to consider if you decide to open your own.
Marijuana Drying and Curing Equipment Market Dynamics
Drivers
- 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.
Opportunities
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.
Restraints/Challenges
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.
COVID-19 Impact on Marijuana Drying and Curing Equipment Market
The global lockdown caused by the COVID-19 epidemic interrupted the manufacture of several products in the marijuana drying and curing equipment business. This has slowed the market for marijuana drying and curing equipment in recent months and is expected to remain through 2022. COVID-19 has already had a detrimental influence on marijuana drying and curing equipment sales in the first quarter of 2022, and is expected to continue to do so throughout the year.
Recent development
EnWave entered a purchase deal with MSO, an Illinois-based cannabis company, in December 2021 to sell its 120kW Radiant Energy Vacuum dehydration equipment in the United States. The REV process can be tweaked to maximise terpene retention while maintaining or increasing THC levels.
In January 2022, Cann Drying Systems announced the addition of Thomas Scientific as a new distribution partner. Cann Systems' CDS line of cannabis drying and curing chambers are expected to reach a wider spectrum of cannabis enterprises throughout the world as a result of this agreement.
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.
Type
- Medical
- Recreational
Product
- Oil
- Bud
- Tinctures
Application
- Chronic pain
- Mental disorders
- Cancer
- Others
Marijuana Drying and Curing Equipment Market Regional Analysis/Insights
The marijuana drying and curing equipment market is analysed and market size insights and trends are provided by country, type, product and application as referenced above.
The countries covered in the marijuana drying and curing equipment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is dominating the market and is projected to continue its regional authority in the upcoming years as well. The regional market growth is attributed to the growing consumption of medical and recreational marijuana across the region. Furthermore, the rising cannabis cultivation is also expected to boost this regional market in the years ahead.
The Asia Pacific marijuana drying and curing equipment market is expected to grow significantly in the future, owing to the rising acceptance of medical marijuana in the Southeast Asian nations.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The marijuana drying and curing equipment market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for marijuana drying and curing equipment market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the marijuana drying and curing equipment market. The data is available for historic period 2010-2020.
Competitive Landscape and Marijuana Drying and Curing Equipment Market Share Analysis
The marijuana drying and curing equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to marijuana drying and curing equipment market.
Some of the major players operating in the marijuana drying and curing equipment market are:
- 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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