Marijuana Drying and Curing Equipment Market Size, Share & Trends Analysis Report By Country (U.S., Canada, Germany, Australia, Uruguay, Israel, and Colombia), And Segment Forecasts, 2019 - 2025

Industry Insights

The global marijuana drying and curing equipment market size was valued at USD 76.7 million in 2017 and is anticipated to expand at a CAGR of 10.4% over the forecast period. Increasing number of countries legalizing cannabis for medical and recreational consumption and growing cannabis cultivation are some of the factors driving demand for drying and curing equipment. The number of patients living with chronic diseases, such as arthritis, migraine, and cancer, opting for cannabis to relieve pain has been on a rise, thereby fueling market growth.

Widespread legalization of hemp across the world is anticipated to boost demand for the same, which is anticipated to create business opportunities and promote investments in development of cultivation facilities and capital equipment for cannabis drying and curing. Increased demand for high quality and potent marijuana is expected to fuel demand for technologically advanced equipment that can speed up the drying process.

The market is expected to witness an incremental opportunity of USD 80.4 million between 2018 and 2025. Rising demand for high quality and potent hemp for treatment of various medical conditions has upped the need for its production through organic methods. Development of advanced drying and curing equipment helps avoid contamination, moisture variations, and oil preservation, which was otherwise difficult to maintain by traditional methods. This has created a comparative advantage for modern techniques and equipment.

The global marijuana cultivation market is extremely fragmented with myriad growers, most of which are concentrated in North America. As a result, the region reflects the highest demand for these machines. The number of cultivators in Germany and Australia is expected to witness monumental growth as the countries move toward indigenous production. This is anticipated to drive demand for marijuana curing and drying equipment between 2018 and 2025.

Country Insights

U.S. dominated the marijuana drying and curing equipment market in 2017, with a 55.0% revenue share, and is expected to maintain its dominance over the forecast period. Increasing consumption of cannabis for medical and recreational purposes and rising cannabis cultivation is expected to drive demand for these machines with different technologies. In addition, increasing consumer preference for high-quality cannabis with low moisture content, lower unpleasant odor, and comparatively higher active ingredients will reinforce market growth.

The Germany market is projected to witness the fastest revenue growth at a CAGR of 5.9% between 2020 and 2025. The potential liberalization of Germany’s cannabis cultivation regulation by 2020 and rising number of companies investing in cultivation of marijuana is anticipated to drive demand for these devices in the country. Presence of a large population base and growing number of patients showing preference for medical marijuana in the treatment and symptom control of a number of ailments are also likely to make Germany one of the key markets in Europe.

Canada accounted for a revenue share of 32.2% in 2017 and is anticipated to exhibit a robust CAGR of 5.2% over the coming years. Legalization of recreational cannabis, increased hemp consumption, and growing demand for marijuana edibles are some of the factors contributing to high demand for drying and curing equipment in Canada. In addition to this, weed cultivating companies such as Aurora Cannabis and Canopy Growth are considering the expansion of their cultivation capacity, which is expected to benefit market growth during the forecast period.

Marijuana Drying and Curing Equipment Market Share Insights

The global market is oligopolistic in nature and is dominated by few companies such as Cann Systems, LLC; Darwin Chambers; Conviron; Autocure; Yofumo Technologies, Inc.; DHydra Technologies; EnWave Corporation; HARTER GmbH; and PROTEIN SOLUTIONS GROUP, LLC. Competition in the market is expected to increase in the coming years due to rising number of countries legalizing cannabis for medical and recreational purposes, which in turn, is expected to drive demand for these devices.

Competition is also expected to increase due to launch of machines equipped with several technologies, including microwave, heat-pump, and radiofrequency. These products are expected to drive demand for marijuana drying and curing equipment over the forecast period.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global and country levels and provides an analysis on latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global marijuana drying and curing equipment market report on the basis of country:

• Country Outlook (Revenue, USD Million, 2014 - 2025)

  • U.S.

  • Canada

  • Germany

  • Australia

  • Uruguay

  • Israel

  • Colombia