What Has Been The Evolution of the Cannabis Vaporizers Market in Recent Years?
The cannabis vaporizers market has seen considerable growth due to a variety of factors.
• The cannabis vaporizers market has grown rapidly in recent years. It will rise from $5.05 billion in 2024 to $5.81 billion in 2025, at a compound annual growth rate (CAGR) of 15.0%.
Growth factors include cannabis legalization, awareness of smoking-related health risks, increasing acceptance of cannabis, and favorable regulatory shifts.
What Is the Forecasted Market Size and Growth Rate for The Cannabis Vaporizers Market Size In The Coming Years?
The cannabis vaporizers market is expected to maintain its strong growth trajectory in upcoming years.
• The cannabis vaporizers market is anticipated to grow to $10.05 billion by 2029 at a CAGR of 14.7%.
Growth factors include heightened awareness of the risks of traditional smoking, the availability of high-quality customizable vaporizer products, growing demand for alternative smoking methods, and increasing acceptance of cannabis. Trends include innovations in battery technology, vaporizers designed for both dry herbs and concentrates, intuitive touchscreens, and product innovations.
What Factors Are Driving Growth In The Cannabis Vaporizers Market?
The growth of e-commerce platforms is expected to boost the cannabis vaporizers market. E-commerce platforms allow individuals and businesses to buy and sell products and services online, enabling digital transactions globally. The growth is driven by better internet connectivity, changing consumer behaviors, and advancements in online payment solutions. Cannabis vaporizer retailers can now reach international customers, offering products that may not be locally available. For example, in May 2024, U.S. retail e-commerce sales reached $289.2 billion, marking a 2.1% increase from the previous quarter. As a result, e-commerce platforms contribute to the cannabis vaporizers market's expansion.
What Are The Main Segments Of The Global Cannabis Vaporizers Market?
The cannabis vaporizers market covered in this report is segmented –
1) By Type: Portable, Tabletop
2) By Ingredients: Herbs, Oils, Cannabis Wax
3) By Heating Method: Conduction, Convection, Induction
4) By Purpose: Medical Purpose, Recreational Purpose
5) By End User: E-Commerce Websites, Company-Owned Websites, Hypermarket, Supermarket, Specialty Stores, Other End-Users
Subsegments:
1) By Portable: Battery-Powered Portable Vaporizers, Pen-Style Portable Vaporizers, Pocket-Sized Vaporizers, Hybrid Portable Vaporizers
2) By Tabletop: Desktop Vaporizers With Convection Heating, Desktop Vaporizers With Conduction Heating, Multi-User Tabletop Vaporizers, High-Performance Tabletop Vaporizers
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How Are New Trends Impacting The Size Of The Cannabis Vaporizers Market?
In the cannabis vaporizers market, companies are developing eco-friendly products like biodegradable cannabis vape pens to address environmental concerns. For example, in December 2023, AVEO Vapor Device, a China-based manufacturer, launched the URTHC biodegradable cannabis vape pen, made from hemp-reinforced plastics that decompose faster than traditional plastics. The pen features easy recycling options, a 1.0 ML capacity, and a user-friendly design for better environmental sustainability.
Who Are the Key Players In The Cannabis Vaporizers Market?
Major companies operating in the cannabis vaporizers market are:
• Greenlane Holdings Inc.
• Pax Labs Inc.
• Leafly LLC
• Firefly Vapor LLC
• Boundless Technology LLC
• V2 Cigs LLC
• Storz & Bickel GmbH & Co. KG
• Arizer Technologies Inc.
• Shenzhen Smiss Technology Co. Ltd.
• Cloudious9 Inc.
• Dr. Dabber Inc.
• Grenco Science Inc.
• Haze Technologies LLC
• KandyPens LLC
• Sutra Vape Inc.
• Topgreen Technology Co. Ltd
• Vaporbrothers Inc.
• Vuber Technologies LLC
• E-Toke LLC
• Pulsar Vaporizers LLC
• Atmos Nation LLC
• Bong Vaporizer Co. LLC
• Herbalizer Inc.
• Nugget Vaporizer Co. Inc.
• ZenPen LLC
What Is The Most Dominant Region In The Cannabis Vaporizers Market?
North America was the largest region in the cannabis vaporizers market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cannabis vaporizers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
