Cannabis, known as marijuana, is a psychoactive drug derived from the cannabis plant. The cannabis plant, which is native to Central and South Asia, has long been used as a recreational and entheogenic substance, as well as in numerous traditional remedies. Marijuana drying and curing equipment helps in calculating the exact harvest and drying method for marijuana plants. This equipment aids in the prevention of contamination, the preservation of oil, and the control of moisture changes, as well as pain relief. By using the latest technology in marijuana drying and curing equipment, properly manufactured, cured, and dried marijuana flowers will burn smoothly and have a pleasant taste.
Market Scope and Structure Analysis
Description
Demand for this equipment with various technologies is predicted to rise in response to expanding cannabis usage for medicinal and recreational purposes, as well as more cannabis farming. Furthermore, surge in consumer demand for good quality cannabis with less moisture content, less disagreeable odor, and increased active components is anticipated to support market expansion. In addition, increase in demand for higher product quality & quantity and preference for marijuana drying & curing equipment over traditional methods for maintaining optimum external conditions and preserving active ingredients are expected to propel the global marijuana drying and curing equipment market.
COVID-19 Impact analysis
- The COVID-19 pandemic halted the production of various products in the marijuana drying and curing equipment industry, which is attributed to the global lockdown. This has hampered the growth of marijuana drying and curing equipment market in the last few months and is likely to continue through 2022.
- COVID-19 has already affected the sales of marijuana drying and curing equipment in the first quarter of 2022 and is anticipated to have a negative impact on the market growth throughout the year.
- The major demand for marijuana drying and curing equipment was previously noticed from giant manufacturing countries such as North America, Europe, Asia-Pacific, and South America, which are negatively affected by the spread of the coronavirus, thereby declining the demand for Marijuana drying and curing equipment.
- Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on their cash reserves. Marijuana drying and curing equipment manufacturers can afford a full lockdown only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce their expenses. On the contrary, a few players adopted employee lay-offs to sustain themselves during the COVID-19 health crisis.
- Marijuana drying and curing equipment manufacturers are expected to focus on protecting their workforce, operations, and supply chains to respond to immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distance, as well as ensuring the vaccination of every employee in the company can assist in promoting the health and safety of the workforce.
Top Impacting Factors
The global marijuana drying and curing equipment market is expected to be driven by an increase in the number of countries that have legalized cannabis for recreational and medicinal use as well as an increase in the pace of cannabis production. Patients with chronic conditions such as arthritis, migraines, epilepsy, and cancer benefit from marijuana's pain-relieving properties. Along with these factors, the global marijuana drying and curing equipment market is likely to be fueled by increase in demand for high-quality marijuana produced using organic techniques and rise in use of marijuana to treat a variety of medical problems.
- In December 2021, EnWave signed purchase agreement with Illinois -based Cannabis company MSO in the U.S. to sell its 120kW Radiant Energy Vacuum dehydration machine. The REV process can be modified to increase terpene retention while keeping cannabinoids at the same or higher levels.
- In January 2022, Cann Drying Systems announced its new distribution partner Thomas Scientific. This partnership is expected is bring Cann Systems' CDS series of cannabis drying and curing chambers to a larger range of cannabis businesses globally.
- In April 2019, Conviron launched the new GEN1000 drying and curing chamber, which has intriguing new features, such as cost-effective LEDs, a wider humidity range, a more complex controller, and user-adaptable kits.
Key Benefits of the Report
- This study presents the analytical depiction of the marijuana drying and curing equipment industry along with the current trends and future estimations to determine the future investment pockets.
- The report presents information related to key drivers, restraints, opportunities, and the marijuana drying & curing equipment share.
- A quantitative analysis highlights the marijuana drying and curing equipment growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers in the market.
- The report provides a detailed marijuana drying and curing equipment analysis based on competitive intensity and how the competition will take shape in coming years.
Marijuana Drying & Curing Equipment Market Report Highlights
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