Author : Acumen Research and Consulting

The global marijuana drying and curing equipment market is segmented into marijuana type, product type, medical application, and region. On the basis type segmentation, the global marijuana drying and curing equipment market is bifurcated into medical marijuana and recreational marijuana. On the basis product type, the global marijuana drying and curing equipment market is divided into buds, oil, and tinctures. Medical application basis of segmentation of the global marijuana drying and curing equipment market is categorized by Chronic Pain, Mental Disorders, Cancer, and Others. Regionally the global marijuana drying and curing equipment market is distributed into Europe, Latin America, North America, Middle East & Africa, and Asia Pacific.

The need for curing and drying equipment comes into existence with legalizing of cannabis for recreational and medical consumption and developing cannabis cultivation by more and more countries around the globe. Additionally, the quantity of patients living with incessant infections such as arthritis, headache, and disease, opting cannabis to ease their suffering has been on an all time high, leading to powering market development.

Expanded need for high caliber and powerful marijuana is relied upon to fuel need for innovatively propelled equipment that can accelerate the drying procedure. It is expected that the global marijuana drying and curing equipment market will grow at a CAGR of 10.3%, reaching a market size of 146.0 billion by the year 2026.

Here are some more points to help explain about the global marijuana drying and curing equipment market:

• North America has a significant number of marijuana cultivators this makes the demand for these machines very high in the region. The larest market share has been help by the United States with a revenue share of 56.0% in 2018, and is expected to continue its dominance in the forecast period as well.
• With indigenous production being pushed by the nations, both Germany and Australia will witness great development in the forecast period. Germany market of marijuana drying and curing equipment in particular is expected to grow at a CAGR of 5.8%, making it the fastest in terms of revenue development in between the years 2020 and 2025 as well as one of the major markets in Europe.
• In 2018, 32.4% market share was secured by Canada which is expected to keep growing in the coming years at a CAGR of 5.2%.
• Tikun Olam, Canopy Growth Corporation, ABcannMedicinals, Inc., Aphria, Inc., Organigram Holdings, Inc, Aurora Cannabis, The Cronos Group, Maricann Group, Inc., and Tilray are some of the prominent businesses of the global marijuana drying and curing equipment market.

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