Market Analysis And Research Reports: Cannabidiol Market by Scope, Size, Opportunities ... - 0 views
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emmaj3206 on 30 Jul 19"The global cannabidiol market size is expected to reach USD 9.69 billion by 2025. It is projected to register a CAGR of 32.6% during the forecast period. CO2 is the most majorly used extraction technique to safely and purely extract the cannabidiol (CBD). There is a rise in demand for high CBD hemp biomass, which is expected to propel growth of the CBD market. Equipment and processing practices differ significantly depending upon cultivation, variety of hemp, available equipment, and standard processes according to regions. Manufacturers are heavily investing in time and resources to maintain consistency in the quality of products. This also includes the development of reliable supply chain. Manufacturers are focused on R&D activities to develop various strains of cannabis which are CBD rich. Apart from conventional manufacturing of CBD and its products, development of synthetic CBD has been recently introduced. Involvement of biotechnology for production of synthetic CBD has resulted in potential growth of low-cost mass production. However, the product development is still in nascent phase."