Global Vape Cartridge Market

Vape Cartridge Market Size, Share, Growth Analysis, By Product(Plastic, Glass, Metal), By Distribution Channel(Online and Offline), By Region - Industry Forecast 2024-2031


Report ID: SQMIG30J2013 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 61 | Figures: 75

Vape Cartridge Market Insights

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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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).

The companies compete in areas such as product quality, flavor variety, product innovation, marketing strategies, pricing, and distribution channels. With the market becoming increasingly crowded, competition is intense, and companies need to differentiate themselves to gain a competitive advantage. 'CCELL', 'Jupiter Research', 'Kandypens', 'Bloom Farms', 'Select Oil', 'Binske', 'Lightshade', 'The Bloom Brand', '710 Labs', 'AiroPro', '1937 Farms', 'Dosist', 'Heavy Hitters', 'STIIIZY', 'Pure Vape', 'West Coast Cure', 'Raw Garden', 'Brite Labs', 'Friendly Farms', 'Kurvana'

With people becoming more health-conscious, the demand for smoking alternatives has increased. Vape cartridges provide a smokeless and ashless way of consuming nicotine or cannabis, which is seen as a healthier alternative to smoking.

The legalization of cannabis for medical and recreational purposes in several countries and states has driven the demand for vape cartridges.

North America dominated the market for vape cartridges with a 43.7% sales share. Most members of the younger demographic favor using vape cartridges and electronic cigarettes instead of conventional tobacco products. Due to its less dangerous properties and as a fashion statement, it has been shown that North Americans prefer to vape. In the US, 1 in 5 smokers also use tobacco and vape pens and cartridges. Approximately 1.5 million more students used e-cigarettes than, according to the National Youth Tobacco Survey. The introduction of tantalizing flavors and tastes of vape liquids by significant vape cartridge producers will, however, be the market's driving force.

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Global Vape Cartridge Market

Report ID: SQMIG30J2013

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