Press release
Key Influencer in the Cannabis* Vaporizers Market 2025: E-Commerce Growth Drives Expansion Of The Cannabis* Vaporizers Market Driver
Cannabis* Vaporizers Market Size
The development of e-commerce platforms is predicted to fuel the expansion of the cannabis* vaporizers market in the future. These platforms are online systems or software that allow firms and individuals to buy, trade, and administer products and services on the internet. They make digital transactions possible, allowing business operations to occur anywhere with internet access. This growth of e-commerce platforms can be attributed to the increasing accessibility of high-speed internet and mobile connections, shifting consumer habits, and the development of online payment options. These platforms provide cannabis* vaporizer vendors with the opportunity to cater to a worldwide audience, enabling customers from different regions to explore a diverse range of products that may not be locally available. For example, in May 2024, as reported by the United States Census Bureau, a US government organization, US retail e-commerce sales in the first quarter of 2024 amounted to $289.2 billion, marking a 2.1% (±0.7%) increase from the fourth quarter of 2023. As a result, the evolution of e-commerce platforms is contributing to the rise of the cannabis* vaporizers market.
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What is the future CAGR of the cannabis* vaporizers market, and how will it impact industry expansion?
In recent times, the cannabis* vaporizers market has seen substantial growth. This market, projected to escalate from $5.05 billion in 2024 to $5.81 billion in 2025, boasts a compound annual growth rate (CAGR) of 15.0%. The phenomenal growth during the historic period can be linked to various factors such as the legalization of cannabis*, the rising awareness regarding the health hazards of smoking, increasing acceptance and normalization of cannabis*, and transformative shifts in governmental policies and regulations that are now more favorable towards cannabis*.
Expectations for the cannabis* vaporizers market forecast an accelerated growth, with the market worth predicted to reach $10.05 billion by 2029, expanding at a compound annual growth rate (CAGR) of 14.7%. The expansion during these projected years can be linked to an increasing recognition of health hazards related to conventional smoking methods, an infusion of customizable and high-grade vaporizer options, a surge in alternate smoking methods demand and the broadening acceptance of cannabis*. Notable market trends for this period will include advancements in battery technology, the rise of vaporizers compatible with both dry herbs and concentrates, the deployment of user-friendly touchscreens and digital displays, and product innovation.
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What are the most significant trends transforming the cannabis* vaporizers market today?
Leading firms in the cannabis* vaporizers arena are prioritizing the creation of fresh, groundbreaking products like biodegradable cannabis* vape pens. These initiatives are geared towards addressing environmental issues and satisfying an increasing market demand for green offerings. A biodegradable cannabis* vape pen is a vaporizer comprised of eco-friendly elements which naturally degrade. This results in decreased litter and less environmental harm. To highlight an example, AVEO Vapor Device, a cannabis* vape hardware producer based in China, unveiled the UR in December 2023. It is a biodegradable vape pen aimed at addressing the environmental issues linked to single-use vape devices. The avant-garde pen uses hemp-reinforced plastics, which disintegrate far quicker than conventional plastic materials in less than 1,100 days. It is engineered to allow end-users to easily remove and recycle the lithium battery, thus reducing battery-related waste further. The UR pen comes with a broader filling channel for effective automation, an easy-access unlocking function patented and pending approval, and a capacity of 1.0 ML compatible with smaller volumes such as 0.5 ML or 0.3 ML.
Which key market segments comprise the cannabis* vaporizers market and drive its revenue growth?
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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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.
Who are the leading players fueling growth 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
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What Is Covered In The Cannabis* Vaporizers Global Market Report?
•Market Size Forecast: Examine the cannabis* vaporizers market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the cannabis* vaporizers market for a structured understanding.
•Key Players Overview: Analyze major players in the cannabis* vaporizers market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the cannabis* vaporizers market.
•Segment Contributions: Evaluate how different segments drive overall growth in the cannabis* vaporizers market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the cannabis* vaporizers market.
•Industry Challenges: Identify potential risks and obstacles affecting the cannabis* vaporizers market.
•Competitive Landscape: Review strategic developments in the cannabis* vaporizers market, including expansions, agreements, and new product launches.
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