Data Bridge Market Research December 19, 2020

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Top Key Players Included in This Report: 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.

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.

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Conducts Overall CANNABIDIOL (CBD) TESTING Market Segmentation:

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)

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.

Key Developments in the Market:

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.

Key Focus Areas in the Report:

Cannabidiol (CBD) Testing Market Size and Forecast 2020 – 2028

Impact of COVID-19 on the demand and supply in the Cannabidiol (CBD) Testing Market

Major Developments in the Cannabidiol (CBD) Testing Industry

Market Dynamics Impacting the Cannabidiol (CBD) Testing Industry

Competitive Landscape of Cannabidiol (CBD) Testing Industry

The positioning of Major Market Participants in the Cannabidiol (CBD) Testing Industry

Key Market Trends and Future Growth Prospects of the Cannabidiol (CBD) Testing Market

Cannabidiol (CBD) Testing Market Revenue and Forecast, by Type, 2020 – 2028

Cannabidiol (CBD) Testing Market Revenue and Forecast, by Application, 2020 – 2028

Cannabidiol (CBD) Testing Market Revenue and Forecast, by End-use, 2020 – 2028

Cannabidiol (CBD) Testing Market Revenue and Forecast, by Geography, 2020 – 2028

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