Press release
Emerging Can*nabis Vaporizers Market Trends: Pioneering Product Innovation In The Can*nabis Vaporizers Market Shaping the Future of the Industry
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Can*nabis Vaporizers Market Size Growth Forecast: What to Expect by 2025?
The market size of can*nabis vaporizers has experienced swift expansion in the past few years. An increase from $5.05 billion in 2024 to $5.81 billion in 2025 is projected, with a compound annual growth rate (CAGR) of 15.0%. The historic period's growth is due to the decriminalization of can*nabis, heightened consciousness of the health hazards linked to smoking, the rising acceptance and standardization of can*nabis, and transformations in governmental policies and rules in support of can*nabis.
How Will the Can*nabis Vaporizers Market Size Evolve and Grow by 2029?
Expectations for the can*nabis vaporizers market size foresee a swift expansion in the coming years. Anticipated to rocket to $10.05 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 14.7%, this growth during the forecast period can be attributed to a heightened awareness surrounding health risks linked with conventional smoking. In addition, the presence of customizable, superior quality vaporizer offerings, burgeoning demand for alternative methods of smoking, and an increasing acceptance of can*nabis contribute to this predicted growth. Throughout the forecast period, critical trends include advancements in battery technology, the creation of vaporizers capable of managing both dry herbs and concentrates, the incorporation of user-friendly touchscreens and digital displays, and overall product innovation.
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What Drivers Are Propelling the Growth of Can*nabis Vaporizers Market Forward?
The expansion of the can*nabis vaporizers market is forecasted to be driven by the burgeoning growth of e-commerce platforms. These online software systems or platforms enable businesses and individuals to carry out buying, selling, and handling of products and services via the internet. They support digital transactions, permitting anyone to engage in business operations from anywhere, as long as they have internet access. The rise in the prevalence of high-speed internet and mobile connectivity, evolving buying habits of consumers, and the growth of online payment options are driving the expansion of e-commerce platforms. Retailers of can*nabis vaporizers can leverage these platforms to access consumers globally, enabling buyers from diverse regions to acquire a wide range of products that they might not find locally. For example, the United States Census Bureau, a U.S. government agency, reported that U.S. retail e-commerce sales in the first quarter of 2024 amounted to $289.2 billion. This was a 2.1% (±0.7%) increment over the preceding quarter of 2023. Consequently, the growth of e-commerce platforms is stimulating the expansion of the can*nabis vaporizers market.
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Which Emerging Trends Are Transforming the Can*nabis Vaporizers Market in 2025?
Leading firms in the can*nabis vaporizers market are shifting their focus towards creating cutting-edge products such as biodegradable can*nabis vape pens. This shift is an effort to address environmental issues and fulfill the increasing demand for eco-friendly products. A biodegradable can*nabis vape pen is an environmentally sound vaporizer constructed from materials that naturally decompose, thereby decreasing waste and reducing environmental harm. For example, in December 2023, AVEO Vapor Device, a can*nabis vape hardware manufacturer from China, released the URT*HC, which is a biodegradable can*nabis vape pen specially crafted to manage environmental problems linked with single-use vape products. This inventive pen is made with hemp-reinforced plastics that break down much quicker than conventional plastics, taking less than 1,100 days. The design of this device is user-friendly and facilitates easy removal and recycling of the lithium battery to reduce battery waste. The features of the URT*HC pen also include a wide filling channel for efficient automation, an innovative unlocking function for more effortless testing, and its capacity to hold 1.0 ML, making it versatile for smaller amounts like 0.5 ML or 0.3 ML.
What Are the Key Segments in the Can*nabis Vaporizers Market?
The can*nabis vaporizers market covered in this report is segmented -
1) By Type: Portable, Tabletop
2) By Ingredients: Herbs, Oils, Can*nabis 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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Who Are the Key Players Shaping the Can*nabis Vaporizers Market's Competitive Landscape?
Major companies operating in the can*nabis 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 Geographic Markets Are Powering Growth in the Can*nabis Vaporizers Market?
North America was the largest region in the can*nabis vaporizers market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the can*nabis vaporizers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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