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Portable Cannabis Vaporizer Market on Track for Strong Growth, Estimated to Grow at 13.1% CAGR Through 2029
Portable Cannabis Vaporizer Market
What Is the Expected CAGR for the Portable cannabis* Vaporizer Market Through 2025?
In recent times, there has been a swift expansion in the market size of portable cannabis* vaporizers. The market value is anticipated to escalate from $2.9 billion in 2024 to $3.26 billion in 2025, with a compound annual growth rate (CAGR) of 12.2%. The growth observed in the historical period can be ascribed to factors such as a rise in health risk awareness, growing consumer demands for discretion, enhanced educational efforts, mounting environmental considerations, and increased research into the effects of cannabinoids.
What's the Projected Size of the Global Portable cannabis* Vaporizer Market by 2029?
Anticipated to witness rapid expansion in the coming years, the portable cannabis* vaporizer market will surge to a worth of $5.32 billion by 2029, reflecting a compound annual growth rate (CAGR) of 13.1%. The predicted growth during the projection period can be ascribed to shifts in societal views, the expansion of the cannabis* sector, community outreach programs and exhibitions, growth in the leisure industry, and the amplification of online sales channels. Key trends projected during this period consist of the production of more durable batteries, the advent of wireless charging, the introduction of portable extraction systems, advanced sensor technology, and amalgamation with wearable technology.
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Top Growth Drivers in the Portable cannabis* Vaporizer Industry: What's Accelerating the Market?
As more regions legalize cannabis*, the portable cannabis* vaporizer market is predicted to expand significantly. cannabis*, a genus of flowering plants, is hailed for its psychoactive and medicinal qualities and is commonly utilized in forms like marijuana and hemp. The surge in cannabis* legalization is a result of its acknowledged medical advantages, possible economic growth, and changes in people's views on drug policy changes. A portable cannabis* vaporizer aids cannabis* consumers by offering a discreet, easy-to-use, and effective method to ingest cannabis*, significantly reducing harmful byproducts when compared to traditional smoking. For instance, as per the Government of Canada in January 2024, the number of individuals who bought cannabis* legally in 2023 increased to 73%, up from 69% in 2022. As such, the rising trend of cannabis* legalization is fueling the growth of the portable cannabis* vaporizer market.
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Which Emerging Trends Are Transforming the Portable cannabis* Vaporizer Market in 2025?
Key companies in the portable cannabis* vaporizer market are prioritizing the development of innovative solutions such as portable cannabis* vaporizers, in response to increasing consumer needs and to augment user experiences. The term 'portable cannabis* vaporizer' is used to refer to a small, battery-powered device engineered to heat cannabis* to a certain level that leads to vapor formation, without combustion. For instance, in November 2022, a smoking and vaping firm based in the US known as Dr. Dabber, released the XS Nano eRig, a cannabis* vaporizer tailored for easy portability and convenience. This makes it ideal for a variety of scenarios, ranging from road adventures to outdoor functions. It provides exclusive features like a direct flavor channel for improved taste, temperature-controlled resistance (TCR) to adjust heat settings, a compact and movable design, a leak-proof structure for easy operation on the move, and a notable battery duration which can support up to 35 heating cycles with just a single charge.
What Are the Main Segments in the Portable cannabis* Vaporizer Market?
The portable cannabis* vaporizer market covered in this report is segmented -
1) By Heating Method: Conduction, Convection, Hybrid
2) By Power Source: Battery, Battery Free
3) By Price Range: Low, Medium, High
4) By Usage: Medical Purpose, Recreational Purpose
5) By Distribution Channel: Online, Offline
Subsegments:
1) By Conduction: Direct Contact Heating, Metal Or Ceramic Chamber Vaporizers, Portable Conduction Vaporizers
2) By Convection: Forced Air Vaporizers, Portable Convection Vaporizers, Convection Vaporizers With Adjustable Temperature
3) By Hybrid: Combination Conduction And Convection Vaporizers, Smart Hybrid Vaporizers, Portable Hybrid Vaporizers With Multi-Functionality
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Which Top Companies are Driving Growth in the Portable cannabis* Vaporizer Market?
Major companies operating in the portable cannabis* vaporizer market are PAX Labs Inc., VaporFi Inc., Storz & Bickel GmbH & Co. KG, TVAPE Inc., Magic-Flight Inc., Dynavap LLC, Arizer Inc., Linx Vapor Inc., Grenco Science Inc.., KandyPens Inc., Mig Vapor Inc., Vuber Technologies Inc., Yocan Technology Co Ltd., Planet of the Vapes LLC, Focus V Technologies Inc., AtmosRx LLC, The Kind Pen LLC, Dr. Dabber Inc., Apollo cannabis* Clinics, Vivant Inc.
Which Regions Will Dominate the Portable cannabis* Vaporizer Market Through 2029?
North America was the largest region in the portable cannabis* vaporizer market in 2024. The regions covered in the portable cannabis* vaporizer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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