8/26/2023 0 Comments Mr extractor for saleAdditionally, a total of 10 countries, including Canada, Mexico, and South Africa have legalized cannabis for adult use, an almost two-times increase in numbers from 2019. In the last two years, 20 countries such as USA, Brazil, South Korea, Australia, and other have legalized some form of cannabis such as CBD products. Cannabis and CBD legalization in different countries will prove to be one of the most consequential socio-economic movements. The cannabis market saw a dramatic change over the past decade. “Favorable Government Regulations for Cannabis Use to Create Market Opportunities for Suppliers of CBD Extraction Devices” Why Will CBD Extraction Equipment Manufacturers See Positive Demand Growth? Surging utilization of CBD extraction equipment in these regions is projected to create an absolute $ opportunity of US$ 64.3 Mn and US$ 30.7 Mn, respectively, over the forecast period.įurthermore, swelling use of CBD products in the personal and cosmetics industry is likely to supplement the growth of the market throughout the assessment period, and likely to surge CBD extraction equipment sales 2.9X over the same period. However, it has now become more popular in personal care & cosmetics, food & beverages, and cultivation & processing end-use industries across the globe.Īccelerating demand for CBD extraction from hemp is projected to provide a thrust to market development over the decade, especially in North America and Europe. Moreover, high application in the personal care and cosmetics end-use sector is projected to supplement the demand curve over the assessment period.Įarly cannabis extractors began to invent methods of concentrating parts of the cannabis plant, thereby increasing the potential use of its medicine and sacrament.Ī few decades ago, CBD extraction equipment systems were only used in vital industries such as medicine and pharmaceuticals. This is owing to increased use of CBD-infused food and beverages across prominent regions. This was due to extensive demand from end-use industries owing to favorable government regulations.ĭemand for CO2 extractor equipment is projected to increase at a noteworthy CAGR of 12.7% over the decade. Market Outlook (2022-2032)Īccording to the recent analysis by Fact.MR, a market research and competitive intelligence provider, utilization of CBD extraction equipment witnessed a growth rate of 6.3% over the past half-decade. The extraction process encompasses several steps of the cannabis- or hemp-derived CBD extraction, distillation, and purification process.ĬBD extraction processes are broadly classified into two types - solvent (ethanol, CO2, hydrocarbon) and non-solvent (mechanical, water and ice) based.ĬBD Extraction Equipment Demand Analysis (2017-2021) Vs. When extracting marijuana- or hemp-derived CBD, the process includes the extraction of specific molecules (CBD, THC, CBG, etc.) from over 125+ different cannabinoids, and the process must conform to the required standards.
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