The cannabis cultivation process involves several steps and stages, from the start of germinating a seed or propagating a clone, all the way to the point that a person is consuming the cannabis via whatever consumption method they prefer.
Every stage of the process is important and will ultimately affect the final outcome. One faulter along the way, and it could doom the entire harvest. Many home cultivation enthusiasts will focus a lot of their attention on the vegetative and bloom phases of the process, and rightfully so. Both of those phases are very important.
However, not all cultivators, including some commercial cultivation operators, spend the necessary focus and provide the attention to detail necessary for proper drying and curing. Unfortunately, that is often reflected in the end quality of the harvest.
Without the proper drying and curing equipment, combined with a lack of expertise and patience, months of hard work can be ruined in just a matter of days. As such, cannabis cultivators of all stripes are putting more resources toward the drying and curing process, and that is reflected in the cannabis drying and curing equipment sector’s expected rise in market revenue in the coming years.
Research and Markets recently conducted a market analysis focusing on the cannabis drying and curing equipment market, indicating that, “the global marijuana drying and curing equipment market size is expected to reach USD 248.7 million by 2030, registering a 9.3% CAGR during 2023-2030.”
“Increasing number of countries legalizing cannabis cultivation and consumption, growing cultivation capacity, rising cannabis preference by patients suffering from cancer pain, arthritis, and epilepsy, as well as for other relevant medical conditions are some of the factors driving demand for marijuana drying and curing equipment.” the research company stated in a press release.
“U.S. dominated this market in 2017, with a 55.0% revenue share, and is expected to maintain its dominance through 2025. This is attributed due to rapid legalization of cannabis in an increasing number of states in the country and growing consumption of medical cannabis for chronic pain, arthritis, cancer, and epilepsy. U.S. is anticipated to witness incremental opportunity of USD 17.6 million between 2018 and 2025, owing to potential legalization of cannabis in other states.” the researchers stated.
“Germany is expected to witness the second-highest incremental opportunity of USD 11.7 million between 2020 and 2025 as the country is expected to start distributing licenses for weed cultivation in early 2019. This, in turn, is expected to drive demand for marijuana drying and curing equipment over the forecast period.” the researchers also stated.
Additionally, Research and Markets reported the following:
- The U.S. dominated the marijuana drying and curing equipment market and accounted for the largest revenue share of 39.1% in 2022, owing to the social acceptance of marijuana, technological advancements and growing cultivation, and its role in relieving pain for patients.
- Uruguay is expected to grow at the fastest CAGR of 12.3% during the forecast period. This can be attributed to the factors such as the increasing number of licensed cultivators and the rising opportunities in terms of new job creations and tax revenues due legalization of cannabis.