Plant Extraction Equipment Market Definition
Plant extraction equipment is used in the process of extraction that intends to extract various components available in plants. The extraction results into the solid/liquid separation process when placed in contact with the fluid. The plant extraction equipment is widely used in the food & beverage, pharmaceutical, cosmetics, and feed additives industry.
The market study is broken down by Type (Concentrators, Extracting Tank and Purification and Separation), by Application (Food & Beverage, Pharmaceutical, Cosmetics and Feed and Feed Additives) and major geographies with country level splits.
Alfa Laval AB (Sweden), Berkem (France), Vekamaf Holland B.V. (Netherlands), Tetra Pak International S.A. (Switzerland), Precision Extraction Solutions (United States), Shanghai Better Industry Co. Ltd. (China), Sanyukiki Co. Ltd. (China), Pennwalt Ltd. (United States) and Nextleaf Solutions Ltd. (Canada) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Plant Extraction Equipment market by Type, Application and Region.
On the basis of geography, the market of Plant Extraction Equipment 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). If we see Market by Form, the sub-segment i.e. Solid will boost the Plant Extraction Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Offline will boost the Plant Extraction Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 23rd April 2020, Precision Extraction Solutions, the industry leader in cannabis and hemp extraction equipment technology, lab design, training, and research and development, announced two patent-pending processes, T-SEP and L-SEP, to optimize the extraction and purification of cannabis and hemp oil.
On 2nd April 2020, Nextleaf Solutions Ltd. most innovative cannabis extractor of Canada announced that Nextleaf Labs Ltd., a Health Canada licensed standard processor whose acquisition by OILS is pending, has entered into a Cannabis Extraction Agreement with a well-known cannabis producer based in Ontario who operates a 10-acre greenhouse licensed for cannabis cultivation.
- Increasing Use of the Fully Automatic Plant Extraction Equipment
- Technological Advancement in Plant Extraction Equipment
- The Increasing Demand for the Herbal Products Worldwide
- Need for Efficiency and Effectiveness Along with Optimum Utilisation of Resources in Various Industry
- Surging Spendings of Cosmetic Industry in Plant-based Natural Production of Products
- High Cost Investment in Plant Extraction Equipment
- Stringent Regulatory Compliances with Plant Extraction Equipment
- Issues with Installation and Maintenance of Plant Extraction Equipment
Key Target AudiencePlant Extraction Equipment Manufacturers, Plant Extraction Equipment International Traders, Plant Extraction Equipment Distribution and Suppliers, Research and Development Institute, Potential Investors, Regulatory Bodies and Others
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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