About CBD & Hemp Processing Machine
CBD & hemp processing machine is defined as the process of extraction and the distillation to meet high-quality final products while maximizing the internal efficiencies. The main drivers with regard to advances in the CBD & hemp processing machine are for the medicinal processing sector. Research into potential therapeutic value has spawned the development of higher efficiency and quality control systems in CBD & hemp processing, testing, and product manufacturing. This trend will continue as clinical data flows in and FDA-approved therapies flow out to the marketplace. Regulatory approval will facilitate more complete and universal guidelines for these processes, which in turn will necessitate advanced equipment to meet demands.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 32.6% |
The companies are exploring the market in new regions by adopting mergers & acquisitions, expansions, investments and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that American Manufacturers will contribute the maximum growth to Global CBD & Hemp Processing Machine market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Valens GroWorks Corporation (Canada), Precision Extraction Solutions (United States), Cedarstone Industry (United States), ENDOCA (Netherlands), Shanghai Pilotech Instrument & Equipment Co., Ltd (China), SaintyCo (China), Apeks Supercritical (United States) and MedXtractor (Canada) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Pope Scientific Inc (United States), Vobis, LLC (United States), Vitalis Extraction Technology (Canada), Advanced Extraction Systems and Isolate Extraction Systems.
Segmentation Overview
AMA Research has segmented the market of Global CBD & Hemp Processing Machine market by Type (Extraction Machine, Distillation Machine, Crystallization Machine and Others (Chromatography Equipment, Decarboxylation Equipment)), Application (Medical and Recreational) and Region.
On the basis of geography, the market of CBD & Hemp Processing Machine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Increasing Legalization of Hemp and CBD-Based Products
Market Growth Drivers:
Globally Increasing Millennial Population and Rising E-Commerce Industry, Increasing Demand for Industrial Hemp and CBD Products and Adoption of Natural Products by the Consumers
Challenges:
Lack of CBD and Hemp Farming and Lack of Harvesting Innovations and Processing Facilities
Restraints:
Fluctuation in Price and Foreign Currency Exchange Rates and High Cost Related Within Hemp and CBD Testing Equipment
Opportunities:
Emerging Markets and The advent of advanced cultivation processes and Increasing Demand For Hemp-Based Technical Products Such As Oil Paints, Varnishes Etc.
Market Leaders and their expansionary development strategies
In September 2023, Cornbread Hemp, the fastest-growing CBD company in America, announced an industry-disruptive achievement to benefit all CBD consumers. The company has acquired its manufacturing partner to achieve full vertical integration. Now, by owning its supply chain, Cornbread Hemp is able to reduce its prices while offering the highest quality full spectrum CBD products on the market.
In November 2020, Hemp, Inc. (OTC PINK: HEMP), a global leader in the industrial hemp industry with the largest multi-purpose industrial hemp processing facility in the western hemisphere, announced today it has received all brand new, state-of-the-art components of the cannabidiol (CBD) post processing equipment to complete the Company's hemp oil extraction infrastructure (Division 2). The latest equipment additions to the Company's extraction operation will be assembled in the coming days.
In the United States, Food and Drug Administration approved the CBD drug Epidiolex for treatment of two epilepsy disorders. Also, The U.S. Drug Enforcement Administration (DEA) has assigned Epidiolex a Schedule V classification as well as non-Epidiolex CBD remains a Schedule I drug prohibited for any usage. In 2018, the World Health Organization recommended that CBD remain unscheduled. CBD is not scheduled under any United Nations drug control treaties.
Key Target Audience
Industrial CBD and Hemp Processing Equipments Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.