What is Chromatography Based Cannabis Market Scope?
Chromatography Based Cannabis is a testing methodology for Cannabis with help of Chromatography technology. These Tests have been made mandatory for compliance of sale in several countries for identifying any use of chemicals or contaminants in the cultivation of cannabis. This Testing ensures that no pesticides, heavy metals, or toxic residual solvents are left in the Cultivators Produce. The massive growth of the Cannabis Industry in North America, some parts of Europe, and Latin America has led to the immense demand for Chromatography based cannabis. This boom of the cannabis market is expected to grow further with several other countries pointing out possibilities of legalization of cannabis. Geographically, North America is the biggest market and is expected to remain so.
Influencing Trend:
High-Performance Liquid Chromatography is used in more than Half of Cannabis in the United States
Market Growth Drivers:
Legalisation of Cannabis for Recreational and Medical Purposes by Several Countries and Advancement in Pharmaceutical Technology
Challenges:
The Industry of Cannabis is in Early Stages and Needs Innovation and Research for Further Development
Restraints:
Different Stringent Regulations Each State Wise in the United States
Opportunities:
New Countries Legalising Cannabis is to be looked out for
The Chromatography Based Cannabis market study is being classified by Type (High-Performance Liquid Chromatography, Gas Chromatography, Supercritical Fluid Chromatography and Thin Layer Chromatography), by Application and major geographies with country level break-up.
The cannabis market is likely to be driven by technological developments, increased demand, and more awareness about the advantages of cannabis over the forecast period. A surge in demand for medical cannabis is expected as approvals increase. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Chromatography Based Cannabis market throughout the predicted period.
PerkinElmer, Inc. (United States), DH Technologies Development Pte. Ltd. (United States), Agilent Technologies, Inc. (United States), Medicinal Genomics (United States), Shimadzu Scientific Instruments (Japan), Restek Corporation (United States), Merck KGaA (Germany), Accelerated Technology Laboratories, Inc. (United States), ACS Laboratory (United States) and GW Pharmaceuticals PLC (United Kingdom) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Steep Hill, Inc. (United States), CannaSafe (United States) and Eirlab Research Group (Ireland).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Chromatography Based Cannabis market by Type, Application and Region.
On the basis of geography, the market of Chromatography Based Cannabis 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). North America region hold largest market share in the year 2022.
Market Influencers and their Development Strategies
In 2020, ACS Laboratory, one of the market leaders in cannabis and hemp testing services has announced the completion of the acquisition of Botanica Testing Inc. which is another hemp and CBD testing Laboratory. The acquisition was completed looking at the quality of work of Botanica Testing matched up to the standards of ACS Labrotaries and will be key to ACS strategic expansion plan in order to become the largest Cannabis and Hemp testing provider in the United States.
In 2020, Kennebec Analytical Services LLC, one of the testing providers for cannabis, hemp, and CBD based in Nebraska USA, has announced the completion of the acquisition of Cannabis Testing Laboratories (CTL). CTL has provided Hemp Testing for close to 50 percent of the market in 2019, and thus the acquisition will help Kennebec Analytical to enhance its academic expertise in hemp testing and better serve its consumers.
Key Target Audience
Chromatography Based Cannabis Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Use Industries and Others
Chromatography Based Cannabis Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Chromatography Based Cannabis Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Chromatography Based Cannabis industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.