The global market for cannabis vaporizers and vaping products is enormous, and only getting larger with every passing year. The cannabis vaporizer market touches on two sectors of the emerging industry: the flower and concentrates vaporizing device sector and the vape cartridge sector.
According to a recent market report by Research and Markets, “the global market for cannabis vaporizers was estimated at US$6.3 billion in 2024 and is projected to reach US$14.7 billion by 2030, growing at a CAGR of 15.1% from 2024 to 2030.”
“The growing demand for healthier, more discreet cannabis consumption methods has fueled the rapid adoption of vaporizers. Unlike traditional smoking methods, vaporizers heat cannabis flower or concentrates to produce a vapor, reducing the inhalation of harmful combustion byproducts.” the economic researchers stated.
Additionally, the market analysis also determined the following:
- The tabletop cannabis vaporizer subsector is expected to reach US$9.5 billion by 2030 with a CAGR of a 17.6%.
- The portable cannabis vaporizer subsector is set to grow at 11.5% CAGR over the analysis period.
- The U.S. market value was estimated at $1.7 billion in 2024.
- China’s market value is forecasted to grow at a 14.1% CAGR to reach $2.3 billion by 2030.
Gadgets and devices designed to vaporize cannabis have a promising future in the emerging global cannabis industry due to cannabis laws being modernized across the world. While no two legal jurisdictions have the exact same rules and regulations, a common component of modernized cannabis policies is legalizing personal cannabis consumption.
With more adults and patients around the world being permitted to use cannabis, many are looking for the newest and most fun ways to consume cannabis. That, in turn, creates tremendous profit potential for innovators and inventors.
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