Market Overview:
The global cannabis extraction equipment market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the legalization of cannabis for medical and recreational purposes in various countries across the globe. In addition, increasing demand for cannabis-based products such as edibles, tinctures, and concentrates is also propelling the growth of this market. On the basis of type, butane cannabis extraction segment is expected to account for a major share in terms of revenue in 2018. This can be attributed to its high efficiency and low cost as compared to other types of extraction methods. However, CO2 cannabis extraction segment is projected to grow at highest CAGR during forecast period owing to its ability produce high quality extracts with minimal residual solvent levels. Based on application, tobacco companies are anticipated witness highest demand for cannabis extracts during forecast period due growing trend among consumers towards smokeless tobacco products such as vape pens and e-cigarettes that use THC oil or CBD oil cartridges instead traditional cigarettes or cigars.
Product Definition:
Cannabis Extraction Equipment is used to extract cannabinoids from cannabis plant material. This can be done through a variety of methods, including but not limited to: solvents, pressure, heat or a combination of these. The extracted cannabinoids can then be used in various products such as edibles, tinctures or concentrates.
Butane Cannabis Extraction:
Butane cannabis extraction is a process used to obtain various Cannabinoids such as CBD, CBG, and others from dried marijuana flowers or leaves. The extracted products are then further processed to produce oils & tinctures which can be used for medical or recreational purposes. Butane cannabis extraction has been legalized in many countries across the globe including Canada, Colombia, Uruguay and some states of the U.S (California & Colorado).
Alcohol Cannabis Extraction:
Alcohol cannabis extraction is a process used to derive oil from marijuana or cannabis. This method uses the principle of chemical interaction between alcohol and cannabinoids present in the plant material.
Application Insights:
Tobacco companies were the largest application segment in 2017. The global cannabis extraction equipment market is expected to witness significant growth owing to rising demand for marijuana and its derivatives, such as oils, edibles & concentrates, and extracts from cannabis plants for use in various applications. Increasing awareness regarding health benefits associated with the consumption of marijuana has fueled demand over the past few years. Moreover, increasing government regulations related to medical marijuana are anticipated to further drive industry growth over the forecast period.
The pharmaceutical industry is estimated to be one of the fastest-growing segments during the forecast period due largely on increased research & development activities pertaining specifically towards cannabidiol (CBD) products that can treat a variety of diseases without having any psychoactive effects or making people high like other strains of cannabis do.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of prominent players such as HempMy Pet, The Coca-Cola Company and C3 Brands. These companies are focusing on developing hemp-derived products for human consumption and other industries. For instance, in February 2018, C3 Brands Inc., a U.S.-based cannabis company announced its partnership with Hemptown USA LLC to develop a line of CBD edibles under the brand name ‘Hemptowns’. Similarly, in October 2017, The Coca-Cola Company announced its plans to launch four new beverage flavors infused with cannabidiol (CBD) oil derived from cannabis plant that will be available for sale across Canada beginning November 1st 2018 for qualifying patients registered under Access To Cannabis For Medical Purposes (ACMPR) program by Health Canada.
Asia Pacific is expected to register significant growth over the forecast period owing to increasing legalization of marijuana use across countries such as Australia.
Growth Factors:
- Increasing legalization of cannabis for medical and recreational purposes across the globe is expected to drive the demand for cannabis extraction equipment over the forecast period.
- Growing number of research studies on benefits of cannabis is projected to propel the growth of cannabis extraction equipment market over the next few years.
- Rising investment by key players in R&D activities for developing new and innovative products is likely to boost demand for cannabis extraction equipment in near future.
- Technological advancements in extraction methods are anticipated to create new opportunities for this market during forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Cannabis Extraction Equipment Market Research Report
By Type
Butane Cannabis Extraction, Alcohol Cannabis Extraction, CO2 Cannabis Extraction, Others
By Application
Tobacco Company, Pharmaceutical Industry, Other
By Companies
Eden Labs, Apeks Supercritical, SFT，Inc, Ocolabs, Precision Extraction Solutions, Luna Technologies, World Class Extractions Inc, Eden Labs
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
210
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Cannabis Extraction Equipment Market Report Segments:
The global Cannabis Extraction Equipment market is segmented on the basis of:
Types
Butane Cannabis Extraction, Alcohol Cannabis Extraction, CO2 Cannabis Extraction, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Tobacco Company, Pharmaceutical Industry, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Eden Labs
- Apeks Supercritical
- SFT，Inc
- Ocolabs
- Precision Extraction Solutions
- Luna Technologies
- World Class Extractions Inc
- Eden Labs
Highlights of The Cannabis Extraction Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Butane Cannabis Extraction
- Alcohol Cannabis Extraction
- CO2 Cannabis Extraction
- Others
- By Application:
- Tobacco Company
- Pharmaceutical Industry
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cannabis Extraction Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cannabis extraction equipment is used to extract the psychoactive compounds from cannabis plants. This equipment can include but is not limited to: a vaporizer, a water pipe, and an oil rig.
Some of the key players operating in the cannabis extraction equipment market are Eden Labs, Apeks Supercritical, SFT，Inc, Ocolabs, Precision Extraction Solutions, Luna Technologies, World Class Extractions Inc, Eden Labs.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cannabis Extraction Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cannabis Extraction Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cannabis Extraction Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cannabis Extraction Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cannabis Extraction Equipment Market Size & Forecast, 2018-2028
4.5.1 Cannabis Extraction Equipment Market Size and Y-o-Y Growth
4.5.2 Cannabis Extraction Equipment Market Absolute $ Opportunity
Chapter 5 Global Cannabis Extraction Equipment Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Cannabis Extraction Equipment Market Size Forecast by Type
5.2.1 Butane Cannabis Extraction
5.2.2 Alcohol Cannabis Extraction
5.2.3 CO2 Cannabis Extraction
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cannabis Extraction Equipment Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Cannabis Extraction Equipment Market Size Forecast by Applications
6.2.1 Tobacco Company
6.2.2 Pharmaceutical Industry
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cannabis Extraction Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cannabis Extraction Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Cannabis Extraction Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Cannabis Extraction Equipment Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Cannabis Extraction Equipment Market Size Forecast by Type
9.6.1 Butane Cannabis Extraction
9.6.2 Alcohol Cannabis Extraction
9.6.3 CO2 Cannabis Extraction
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Cannabis Extraction Equipment Market Size Forecast by Applications
9.10.1 Tobacco Company
9.10.2 Pharmaceutical Industry
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Cannabis Extraction Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Cannabis Extraction Equipment Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Cannabis Extraction Equipment Market Size Forecast by Type
10.6.1 Butane Cannabis Extraction
10.6.2 Alcohol Cannabis Extraction
10.6.3 CO2 Cannabis Extraction
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Cannabis Extraction Equipment Market Size Forecast by Applications
10.10.1 Tobacco Company
10.10.2 Pharmaceutical Industry
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Cannabis Extraction Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cannabis Extraction Equipment Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Cannabis Extraction Equipment Market Size Forecast by Type
11.6.1 Butane Cannabis Extraction
11.6.2 Alcohol Cannabis Extraction
11.6.3 CO2 Cannabis Extraction
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Cannabis Extraction Equipment Market Size Forecast by Applications
11.10.1 Tobacco Company
11.10.2 Pharmaceutical Industry
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Cannabis Extraction Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Cannabis Extraction Equipment Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Cannabis Extraction Equipment Market Size Forecast by Type
12.6.1 Butane Cannabis Extraction
12.6.2 Alcohol Cannabis Extraction
12.6.3 CO2 Cannabis Extraction
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Cannabis Extraction Equipment Market Size Forecast by Applications
12.10.1 Tobacco Company
12.10.2 Pharmaceutical Industry
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Cannabis Extraction Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cannabis Extraction Equipment Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Cannabis Extraction Equipment Market Size Forecast by Type
13.6.1 Butane Cannabis Extraction
13.6.2 Alcohol Cannabis Extraction
13.6.3 CO2 Cannabis Extraction
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Cannabis Extraction Equipment Market Size Forecast by Applications
13.10.1 Tobacco Company
13.10.2 Pharmaceutical Industry
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cannabis Extraction Equipment Market: Competitive Dashboard
14.2 Global Cannabis Extraction Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Eden Labs
14.3.2 Apeks Supercritical
14.3.3 SFT，Inc
14.3.4 Ocolabs
14.3.5 Precision Extraction Solutions
14.3.6 Luna Technologies
14.3.7 World Class Extractions Inc
14.3.8 Eden Labs
