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Global Cannabis Handheld Vaporizer Market Projected To Reach $15.9 Billion by 2031

The emerging global legal cannabis industry is made up of various sectors, with some of them possessing more potential than others. One sector that is sure to increase in size and worth in the coming years is the cannabis consumption devices sector.

In comparing the legalization models of different jurisdictions, it doesn’t take long to realize that every one of them is different to some degree. But there is one common denominator – personal cannabis consumption is part of every legalization model that exists around the world, and many consumers are looking for new and fun ways to consume cannabis products.

Cannabis consumption devices have come a long way in recent years, with many popular companies offering consumers large libraries of different devices to choose from. Many of the devices can be customized in various ways, from the color of the device to customized attachments.

Arguably the oldest cannabis consumption device, estimated to be 2,500 years old, was found in China by the Chinese Academy of Sciences.

“This phytochemical analysis indicates that cannabis plants were burned in wooden braziers during mortuary ceremonies at the Jirzankal Cemetery (ca. 500 BCE) in the eastern Pamirs region. This suggests cannabis was smoked as part of ritual and/or religious activities in western China by at least 2500 years ago and that the cannabis plants produced high levels of psychoactive compounds.” researchers stated about the rudimentary consumption device.

Zoom forward thousands of years, and two of the most popular cannabis consumption devices were the Proto Pipe designed by Phil Jergenson in the late 1960s, and the Volcano vaporizer by Storz and Bickel which first debuted in the 1990s.

Currently, cannabis is legal for adult-use at a national level in Uruguay, Canada, Malta, Luxembourg, and Germany. Cannabis is also legal for recreational use in 24 states in the United States and the District of Columbia, and adult-use cannabis pilot programs are currently operating in Switzerland and the Netherlands.

As jurisdictions around the world continue to modernize their cannabis policies to permit cannabis use by adults, demand for cannabis consumption devices will continue to increase, and that demand will be met by gadget makers who bring new devices to the market. The sector is also creating a cannabis consumption gadget influencer industry, with The Higher Things Club being a notable example.

According to a recent analysis by Transparency Market Research Inc., “The global handheld marijuana vaporizer market was projected to attain US$ 5 billion in 2021. It is anticipated to garner a 13.4% CAGR from 2022 to 2031 and by 2031, the market is likely to attain US$ 15.9 billion by 2031.”