Report ID: SQMIG30J2013
Report ID:
SQMIG30J2013 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
61 |
Figures:
75
Global Vape Cartridge Market size was valued at USD 1.6 billion in 2021 and is poised to grow from USD 2 billion in 2022 to USD 9.9 billion by 2030, growing at a CAGR of 20% in the forecast period (2023-2030).
Growing interest in vape cartridges as an alternative to conventional tobacco is anticipated to be significantly influenced by growing concerns about cardiovascular disorders and an uptick in cancer deaths worldwide. In addition, increased access to a variety of flavor vape cartridge options through offline and online channels has been crucial in fostering the product's penetration among millennials over the coming few years. Vape cartridges are becoming more and more popular among consumers as a way to control their daily nicotine intake. E-juice is sold by businesses in a wide range of varieties, from nicotine-free to high-strength. Customers can choose the precise amount of nicotine they wish to vape.Industry participants are developing more compact, low-vapor products like pod vapes because high-powered mods are better suited for cloud chasing. By adjusting the airflow, power output, and coil type, vapor volumes can be tailored. In addition, it is anticipated that over the next few years, the market for vape cartridges will grow as a result of the customization possibilities provided by numerous manufacturers and the quick development of new products.
Due to their appealing design and benign nature, vape cartridges are becoming a more and more common practice among the millennial age. educating the public about the different research done by medical associations that show that e-cigarettes and vapes are safer than regular cigarettes. Strict government rules on the production of vape cartridges in nations like the United States and Germany are anticipated to have a detrimental effect on the industry's growth. It has been noted that many nations have outlawed the sale and distribution of vapor products.
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Report ID: SQMIG30J2013