What Has Been the Progress and Growth of the Handheld Marijuana Vaporizer Market in Recent Years?
The handheld marijuana vaporizer market has seen considerable growth due to a variety of factors.
• In recent times, there has been a significant acceleration in the size of the handheld marijuana vaporizer market. The market worth is projected to rise from $7.28 billion in 2024 to $8.49 billion in 2025, with a compound annual growth rate (CAGR) of 16.6%.
Factors such as an increased commitment to sustainable manufacturing processes, a rise in health-conscious decisions, an amplified focus on research and development, enhanced sustainability practices, and a heightened acceptance and awareness have all contributed to the growth experienced in the historic period.
What Can Be Expected from the Handheld Marijuana Vaporizer Market in the Coming Years?
The handheld marijuana vaporizer market is expected to maintain its strong growth trajectory in upcoming years.
• Expect a swift expansion in the handheld marijuana vaporizer market in the coming years, with space predicted to boom to $15.55 billion in 2029 - an impressive compound annual growth rate (CAGR) of 16.3%.
Various factors are set to drive this growth in the projected period such as the broadening of e-commerce platforms, environmental factors, proliferation of distribution channels, the impact of social media, and public health measures implemented by the government. During the forecast period, the emphasis on safety features, customization and user experience, advancements in airflow systems, collaborations with cannabinoid studies, and the incorporation of AI and machine learning is expected to become leading market trends.
Which Key Drivers Are Propelling Th Handheld Marijuana Vaporizer Market's Growth?
The handheld marijuana vaporizer market is projected to expand due to the increasing legalization of cannabis. Cannabis is a plant genus encompassing various species, with Cannabis sativa being the most well-known. Changes in public perceptions, a greater understanding of its medicinal properties, and the possibility for significant economic benefits through taxing and regulation contribute to the increasing legalization of cannabis. A handheld marijuana vaporizer allows for a more efficient and discreet consumption of cannabis, as it heats the plant to extricate the active compounds without incinerating the plant material, thereby minimizing harmful toxins and enhancing the taste. For example, the Government of Canada, a federal entity, noted in January 2024 that in 2023, 73% of cannabis was bought from legal sources, an increase from 69% in 2022. This increase in cannabis legalization is concurrently pushing the growth of the handheld marijuana vaporizer market.
How Is the Handheld Marijuana Vaporizer Market segmented?
The handheld marijuana vaporizer market covered in this report is segmented –
1) By Vaporizer Type: Convection Vaporizer, Conduction Vaporizer
2) By Temperature Control: Fixed, Variable
3) By Charger Type: Universal Serial Bus (USB), Micro Universal Serial Bus (USB)
4) By Application: Medical Purposes, Recreational Purposes
5) By Distribution Channel: Supermarkets And Hypermarkets, Specialty Stores, Online Retail, Other Distribution Channels
Subsegments:
1) By Convection Vaporizer: Portable Convection Vaporizers, Desktop Convection Vaporizers, Battery-Powered Convection Vaporizers, Dual-Use Convection Vaporizers
2) By Conduction Vaporizer: Portable Conduction Vaporizers, Desktop Conduction Vaporizers, Battery-Powered Conduction Vaporizers, Hybrid Conduction Vaporizers
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What New Trends Are Influencing the Handheld Marijuana Vaporizer Market?
Leading firms in the handheld marijuana vaporizer domain are concentrating their efforts on the creation of sophisticated solutions, such as personalization platforms, fuelled by top-tier technology to elevate their product line and user experience. This platform improves the comfort, efficacy and enjoyment of using handheld marijuana vaporizers by customizing the experience to fit personal requirements and tastes. For example, in July 2023, a cannabis brand operator in the US, Pax, introduced My PAX, encouraging co-designing of PAX devices for intensifying creativity and personal expression. It includes distinctive features like personal text customization for vaporizer devices, a range of imagery from themed categories such as zodiac signs and cannabis culture, and design blueprints, enabling users to design a product that is uniquely reflective of their personality.
Who Are the Key Players in the Handheld Marijuana Vaporizer Market?
Major companies operating in the handheld marijuana vaporizer market are include:
• Linx Vapor Inc.
• PAX Labs Inc.
• Vivant Inc.
• Puffco Inc.
• Haze Technologies Inc.
• Storz & Bickel GmbH & Co. KG
• Snoop Dogg
• Magic-Flight LLC
• Dynavap LLC
• Arizer Inc.
• G Pen
• Boundless Technology Inc.
• KandyPens Inc.
• Flowermate
• Mig Vapor Inc.
• Sutra Vape Inc.
• Cloudious9 Inc.
• Vuber Technologies Inc.
• Airistech
• Dr. Dabber Inc.
What Is The Most Dominant Region In The Handheld Marijuana Vaporizer Market?
North America was the largest region in the handheld marijuana vaporizer market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the handheld marijuana vaporizer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
