Cannabis Vaporizer Market

Cannabis Vaporizer Market

Global Cannabis Vaporizer Market reached US$ YY billion in 2022 and is expected to reach US$ YY million by 2031 growing at a CAGR of YY% during the forecast period 2024-2031.

A vaporizer is a device that heats marijuana either in dry herb or concentrate form to transmit its active ingredients (THC) without any burning. These devices are of two types namely desktop vaporizers and portable vaporizers.

Cannabis vaporizers have gained popularity due to perceived health benefits, discretion, and the ability to customize the vaping experience. Users can control the temperature settings to target specific cannabinoids and terpenes, resulting in a more personalized consumption experience.

Market Dynamics

Increasing product launches

The increasing product launches act as a significant driver for market growth. Vaporizers offer a convenient and often healthier alternative to smoking by making it appealing to a broad range of consumers.

For instance, in November 2023, AVD (Advanced Vapor Devices) in partnership with IPS Pharma and Grow Group launched Vida Vapes in response to continued demand for vape products.

Additionally, in October 2023, STORZ & BICKEL GmbH launched the VENTY, STORZ & BICKEL's state-of-the-art portable vaporizer for dry herbs. It is a newly designed convection and conduction heater as well as cutting-edge heating management and cooling technology that enhances flavor to produce superior vapor quality.

Also, in December 2023, AVEO launched a biodegradable cannabis vape pen. This device is also equipped with lithium batteries designed for longevity, with hundreds of charge cycles. Furthermore, significant growth drivers such as the increasing legalization of cannabis for medicinal and recreational use, and rising e-commerce growth are expected to drive the market in the forecast period.

Regulatory challenges associated with cannabis vaporizer

Regulatory challenges associated with cannabis vaporizers can vary significantly depending on the jurisdiction and the legal status of cannabis in a specific region. The regulatory challenges arise from the disparities in legalization which leads to difficulties in marketing, distribution, and sales of cannabis vaporizers.

Additionally, the restrictions on advertising and marketing cannabis products can limit manufacturer’s ability to promote vaporizers. Regulations can prohibit certain promotional activities, especially those targeting minors that are not supported by scientific evidence. Thus, the above factors can hamper the market growth.

Segment Analysis

The global cannabis vaporizer market is segmented based on type, ingredients, distribution channel and region.

The desktop vaporizers segment accounted for approximately 34.7% of the market share

The desktop vaporizers segment is expected to hold the largest market share over the period forecast. This device offers advanced features, precise temperature control, and efficient vaporization. These vaporizers are often favored by cannabis enthusiasts who prioritize a high-quality and customizable vaping experience.

Desktop vaporizers typically offer precise temperature control by allowing users to select the exact temperature at which they want to vaporize their cannabis. This level of control enables users to customize their experience and target specific cannabinoids and terpenes.

For instance, in July 2021, Shatterizer Inc. introduced their revolutionary portable and desktop cannabis extracts vaporizer called the BUBBLER. It has a highly enjoyable and easy-to-use self-regulating water borosilicate glass feature attachment.

Geographical Analysis

North America is expected to hold a significant position in the global cannabis vaporizer market share

The global cannabis vaporizer market is segmented into North America, Europe, Asia Pacific, South America, Middle East, and Africa.

North America has maintained a significant market proportion due to factors such as the evolving cannabis regulations, technological advancements, and increasing healthcare expenditure, this trend is anticipated to continue throughout the forecast period.

For instance, in November 2022, Los Angeles-based Grenco Science launched the G Pen Hyer, a cannabis vaporizer that is designed to operate with both marijuana concentrates and dried cannabis flowers.

Additionally, in July 2023, PAX launched My PAX, a new program offering unique and creative customization capabilities for the brand’s award-winning cannabis vaporizer devices to consumers across the United States. Hence, due to the above factors, it is expected to drive the region’s growth.

COVID-19 Impact Analysis

The COVID-19 pandemic has had a significant impact on the global cannabis vaporizer market. The global pandemic has disrupted supply chains across various industries. Depending on the manufacturing locations and supply chain dependencies, the production and distribution of cannabis vaporizers are affected. Delays or shortages in the supply chain also impacted the market dynamics. Therefore, owing to the above factors, the cannabis vaporizer market was moderately affected over the forecast period.

Market Segmentation

By Type
• Desktop Vaporizers
• Portable Vaporizers
• Vape Pens
• Others

By Ingredient
• Herbs
• Oil
• Cannabis Wax

By Distribution Channel
• Online Sales
• Hypermarkets/Supermarkets
• Others

By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
U.K.
France
Spain
Italy
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa

Competitive Landscape

The major global players in the market include PAX Labs Inc., KandyPens Inc., Arizer, Apollo AirVape, Boundless Technology, STORZ & BICKEL GmbH, Davinci Vaporizer, DynaVap LLC, SLANG Worldwide, Grenco Science among others.

Key Developments
• In September 2023, Grenco Science and the Grateful Dead collaborated on Grenco Sciences' global line of G Pen advanced technology vaporizers and Stündenglass Gravity Infusers.
• In July 2023, STORZ & BICKEL GmbH received the certification of its premium VOLCANO MEDIC 2 and the MIGHTY+ MEDIC, by the new EU Medical Device Regulations.

Why Purchase the Report?
• To visualize the global cannabis vaporizer market segmentation based on type, ingredient, distribution channel and region as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of global cannabis vaporizer market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global cannabis vaporizer market report would provide approximately 61 tables, 58 figures, and 185 Pages.

Target Audience 2024
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies