Cannabis Extraction Equipment Market Size

Global Cannabis Extraction Equipment Market size was valued at USD 9.6 billion in 2023 and is poised to grow from USD 11.06 billion in 2024 to USD 34.3 billion by 2032, growing at a CAGR of 15.2% during the forecast period (2025-2032).

The Cannabis Extraction Equipment market is relatively fragmented, with a high level of competition. Few large players, like Rough Brothers, Inc., Eden Labs, and Isolate Extraction Systems Inc., now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability. 'Waters Corporation (USA) ', 'Thermo Fisher Scientific (USA) ', 'Agilent Technologies (USA) ', 'Precision Extraction Solutions (USA) ', 'Eden Labs LLC (USA) ', 'ExtractionTek Solutions (USA) ', 'Vitalis Extraction Technology Inc. (Canada) ', 'Cascade Sciences (USA) ', 'Pope Scientific, Inc. (USA) ', 'Root Sciences (USA) ', 'Across International (USA) ', 'Ai Vacuum (USA) ', 'Huber Kältemaschinenbau AG (Germany) ', 'Julabo GmbH (Germany) ', 'GEA Group AG (Germany) ', 'Alfa Laval AB (Sweden) ', 'Sartorius AG (Germany) ', 'Luna Technologies (USA) ', 'Green Mill Supercritical (USA) ', 'MediPharm Labs Corp. (Canada)'

As more people can purchase cannabis legally, the global cannabis extraction equipment industry is expected to grow. This will affect the social standards and regulatory frameworks considerably in a positive direction. Growth in R&D spending by businesses and supportive government norms is also expected to fuel demand for cannabis extraction equipment during the analysis period.

A new generation of transformational innovators is prioritizing the use of technology and digital enablement through AI and machine learning to achieve efficient cost management. Demand for CBD extraction machinery is expected to rise in the next years as manufacturers adopt cutting-edge technologies based on IR4.0 and IR5.0, which include energy-efficient standards and help lower operational costs by integrating technology like self-cleaning systems.

In 2021, North America dominate the global cannabis extraction equipment market and this domination is due to the US being the largest consumer and producer of it. Investments in the field of cannabis extraction equipment increased after the 2018 farm bill legislation in the US which gave a huge boost to the market and propel the demand for the cannabis extraction equipment market during the same period. advanced technology and automated function to produce products with precision are driving the cannabis extraction equipment market in the region.