Cannabis Extraction Equipment Are Gaining High Demand from the North American Region

Cannabis Extraction Equipment

Definition

Cannabis Extraction Equipment is the machine that removes the coveted cannabis compounds from the plant’s matrix. Cannabis oil and tinctures are generally used for treatment of various conditions like psychological disorders, nausea, and cancer. In terms of legality, laws pertaining to extracts are quite lenient due to non-psychoactive properties of Cannabidiol (CBD) oils compared to other products such as buds and resins.

Drivers & Restraints

The global market is anticipated to rise at a considerable rate during the forecast period. In the recent years, the market was growing at a steady rate and with the rising adoption of strategies by key players; the market is expected to rise over the projected horizon. The key factors driving this market is the increasing adoption of medical marijuana for the treatment of chronic diseases like arthritis, Alzheimer’s, and cancer along with mental disorders such as depression, anxiety, and epilepsy.

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Segments-

Type-

Butane Cannabis Extraction

Alcohol Cannabis Extraction

CO2 Cannabis Extraction

Others

Application-

Tobacco Company

Pharmaceutical Industry

Other

Regional Analysis

The market has been segment into North America, South America, Europe, Asia-Pacific, and Middle East and Africa.Europe accounted for the second largest revenue share. Italy is regarded as the fourth largest consumer of cannabis oil and concentrates.

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Companies-

Eden Labs

Apeks Supercritical

SFT Inc

Ocolabs

Precision Extraction Solutions

Luna Technologies

World Class Extractions Inc