Global CBD & Hemp Processing Machine Market Overview:
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. Some of the key players profiled in the study are 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).
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).
- Globally Increasing Millennial Population and Rising E-Commerce Industry
- Increasing Demand for Industrial Hemp and CBD Products
- Adoption of Natural Products by the Consumers
- Increasing Legalization of Hemp and CBD-Based Products
- Fluctuation in Price and Foreign Currency Exchange Rates
- High Cost Related Within Hemp and CBD Testing Equipment
- Emerging Markets and The advent of advanced cultivation processes
- Increasing Demand For Hemp-Based Technical Products Such As Oil Paints, Varnishes Etc.
- Lack of CBD and Hemp Farming
- Lack of Harvesting Innovations and Processing Facilities
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.
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.
Target Audience:Industrial CBD and Hemp Processing Equipments Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
Major Objectives Focused through this Study To define, describe, and forecast the Global CBD & Hemp Processing Machine market on the basis of product [Extraction Machine, Distillation Machine, Crystallization Machine and Others (Chromatography Equipment, Decarboxylation Equipment)] , application [Medical and Recreational], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the CBD & Hemp Processing Machine market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the CBD & Hemp Processing Machine industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Pope Scientific Inc (United States), Vobis, LLC (United States), Vitalis Extraction Technology (Canada), Advanced Extraction Systems and Isolate Extraction Systems.
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the CBD & Hemp Processing Machine market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.