Tag: CBD Valves
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CBD Oil Basics-Market Outlook and Production
Market Outlook & Production Overview It is estimated that the global market for cannabidiol (CBD) oil will grow from $967.2 million in 2020 to $5.3 billion by 2025. The global CBD oil market is mainly driven by growing research funding for cannabinoid research, legalization of CBD in various regions and the rising occurrence of chronic diseases and…
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Valves and Flow Meters for the CBD Industry
The global demand for cannabidiol (CBD) oil has been projected to grow from $900 million in 2020 to $5 billion by 2025. Currently the cosmetic and food industry segments accounts for more than half of the market but over the next few years the pharmaceutical segment is expected to expand significantly. With this increased demand for…