Global Cannabidiol (CBD) Testing Market, By Product and Software (Analytical Instruments, Consumables, Software), Testing Procedures (Residual Solvent Screening, Terpene Profiling, Potency Testing, Genetic Testing, Pesticide Screening, Heavy Metal Testing, Microbial Analysis), End-User (Laboratories, Cannabis Cultivators, Research Institutes, Drug Manufacturers and Dispensaries), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The market for cannabidiol (CBD) testing is projected to rise at a rate of 20.00% in the 2021 to 2028 forecast period. A growing number of CBD research laboratories in the forecast period 2021-2028 would serve as a driver for the cannabidiol (CBD) testing industry.
CBD is the abbreviation for cannabidiol, One of the several cannabinoids, or chemical compounds, present in marijuana and hemp. But CBD isn't psychoactive, unlike THC. It is not, in other words, what gets you stoned. It is also distinct from medicinal cannabis, which has been shown to relieve pain and because of its anti-inflammatory properties, CBD may even help treat acne.
Increasing demand for cannabis legalization across the globe, growing number of research and development activities for the medical usage of cannabis, increasing applications of CBD in the treatment of various diseases, increasing number of marijuana cultivators are some of the major as well as vital factors which will enhance the growth of the cannabidiol (CBD) testing market in the projected timeframe of 2021-2028. On the other hand, increasing awareness among the consumers regarding the benefits of cannabis along with increasing products approval of production licenses which will further contribute by generating immense opportunities that will led to the growth of the cannabidiol (CBD) testing market in the above mentioned projected timeframe.
High cost of laboratory equipment along with lack of uniformity in quality standards which will likely to act as market restraint factor for the growth of the cannabidiol (CBD) testing in the above mentioned projected timeframe. Strict government regulations along with high cost of start-ups which will become the biggest and foremost challenge for the growth of the market.
This cannabidiol (CBD) testing market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on cannabidiol (CBD) testing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Cannabidiol (CBD) Testing Market Scope and Market Size
Cannabidiol (CBD) testing market is segmented on the basis of product and software, testing procedures, and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product and software, the cannabidiol (CBD) testing market is segmented into analytical instruments, consumables, and software. Analytical instruments have been further segmented into chromatography instruments, spectroscopy instruments, and other analytical instruments. Chromatography instruments have been further sub segmented into liquid chromatography, gas chromatography, and other chromatography instruments. Spectroscopy instruments have been further sub segmented into mass spectrometry, and atomic spectroscopy. Consumables have been further segmented into chromatography columns, standards and CRMS, sample preparation products, supplies and accessories.
- Based on testing procedures, the cannabidiol (CBD) testing market is segmented into residual solvent screening, terpene profiling, potency testing, genetic testing, pesticide screening, heavy metal testing, and microbial analysis.
- Based on the end-user, the cannabidiol (CBD) testing market is segmented into laboratories, cannabis cultivators, research institutes, drug manufacturers and dispensaries.
Cannabidiol (CBD) Testing Market Country Level Analysis
Cannabidiol (CBD) testing market is analyses and market size, volume information is provided by country by product and software, testing procedures, and end-user as referenced above.
The countries covered in the cannabidiol (CBD) testing market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
The U.S. dominates the North America cannabidiol (CBD) testing market due to the increasing legalization along with rising usages of cannabis, increasing number of marijuana cultivators while the China will expect to grow in the Asia-Pacific cannabidiol (CBD) testing market during the forecast period 2021 to 2028 due to the increasing awareness among the consumers regarding the benefits of cannabis along with rising usages of CBD for medical purpose.
The country section of the cannabidiol (CBD) testing market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Cannabidiol (CBD) Testing Market Share Analysis
Cannabidiol (CBD) testing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to cannabidiol (CBD) testing market.
The major players covered in the cannabidiol (CBD) testing report are CannaSafe; Steep Hill, Inc.; Anandia Labs; Eirlab Research Group; PhytoVista Laboratories; CW ANALYTICAL; Pure Analytics LLC; ANRESCO; EVIO Inc.; SC Labs.; Digipath Inc.; The University of Mississippi.; Battelle Memorial Institute; University of Alberta; MM Enterprises USA, LLC.; Terra Tech Corp.; Aphria Inc.; The Cronos Group; Medical Marijuana, Inc.; STENOCARE; Tikun Olam.; Cannabis Science Inc.; among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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