Cannabis Vaporizer Market size was valued at USD 5.7 billion in 2024 and is predicted to reach USD 38.6 billion by the end of 2037, expanding at around 14.6% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of cannabis vaporizer is assessed at USD 6.5 billion.
The market’s remarkable growth can be attributed to increasing consumer demand for convenient cannabis consumption methods. Cannabis vaporizers reduce byproducts associated with conventional smoking, positioning their adoption amongst health-conscious consumers. For instance, in August 2021, the Canadian Journal of Public Health recommended the use of cannabis vaporizers as an alternative to smoking to reduce health risks.
A major driver of the market is the legalization of cannabis for medicinal and recreational purposes. The surging profitable expansion of the cannabis market drives demand for cannabis vaporizers as consumers seek the diverse vaporizer product ranges as convenient ways to consumer cannabis. As more countries legalize cannabis, the consumer base is expected to expand benefiting the sector. For instance, in July 2023, Albania legalized the use of medical cannabis. Furthermore, advancements in vaporizer technology led to enhanced temperature control and portability encouraging increased adoption among consumers. For instance, in October 2024, Puffco launched the Puffco Pivot, a portable and pocket-sized cannabis vaporizer designed to be discreet.
The cannabis vaporizer market size is poised for further expansion owing to the increasing adoption of cannabis for therapeutic applications, such as sleep disorders or pain management. As various research indicates vaporizers are a safer and more efficient cannabis delivery method, the adoption rate within the medical cannabis sector is high. Key players in the industry invest in customizable high-quality vaporizers tailored to specific cannabis strains to leverage a premium segment within the market. E-commerce platforms have improved distribution networks of cannabis vaporizers, making the products easily accessible and boosting the profit margins for key players in the sector. Additionally, the market is set to leverage the rising trend of cannabis tourism and consumption lounges and maintain its robust growth by the end of the forecast period.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
14.6% |
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Base Year Market Size (2024) |
USD 5.7 billion |
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Forecast Year Market Size (2037) |
USD 38.6 billion |
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Regional Scope |
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Ingredient (Dry Herb Vaporizers, Oil, Hybrid)
Dry herb vaporizers segment is poised to capture cannabis vaporizer market share of around 42.6% by the end of 2037. Dry herb vaporizers offer a cleaner and more flavorful experience by heating dried cannabis flowers at precise temperatures, thereby boosting their adoption. The dry herb vaporizers are used for recreational purposes as well as in medical settings, expanding its usage. In November 2022, research published indicated dry herb cannabis was the most popular type for vaporization. Dry herb vaporizers preserve cannabinoids and terpenes without harmful byproducts such as tar, and owing to their efficiency in extracting most from the flower, the adoption rates are surging amongst users.
Furthermore, growth in the portable cannabis vaporizer market benefits the adoption of dry herb vaporizers due to ease of carry. Manufacturers are lining up innovative products to meet customer demands. For instance, in July 2022, Auxo released its first portable dry herb vaporizer powered by conduction and infrared dual-heating technology, that can heat any loose leaf evenly.
The oil segment of the market is experiencing a rapid surge in its revenue share owing to the growing popularity of cannabis oil. In July 2023, the Association of American Medical Colleges reported that the pharmaceutical-grade cannabidiol-oil Epidiolex, the only CBD-based treatment approved by the Food and Drug Administration (FDA) has exhibited success for the treatment of severe seizures.
Vaporizers designed for CBD oil are surging in popularity owing to convenience. Oil-based vaporizers come with cartridges and disposable pods, expanding accessibility to consumers. Furthermore, CBD oil is widely available, even in regions where products with THC are heavily regulated, increasing the scope for market expansion. Key players in the sector that provide cannabis vaporizer solutions, including CBD vaporizers are experiencing profit in annual turnovers as an indication of the potential of the sector. For instance, in November 2024, Canopy Growth Organization announced its financial results for the second quarter of 2024 with a 32% net revenue increase of Storz & Bickel year-over-year.
Type (Portable, Tabletop)
The portable segment of the cannabis vaporizer market is expected to register a lion’s share in revenue during the forecast period. The ease of use and portability of the segment boosts its adoption. Portable vaporizers are compact, lightweight, and designed to be inconspicuous. The portability factor is the key driver of the segment as consumers seek discreet and efficient vaporizers.
Furthermore, advancements in battery life, durability, and temperature control systems enhance the performance of the vaporizers. Manufacturers are amping commercial production of portable vaporizers to seize the opportunity of the rising popularity among younger demographics. For instance, in June 2023, XMAX launched the XMAX STARRY 4 portable dry herb vaporizer, providing an adjustable airflow system that allows users to adjust their vaporization experience.
Our in-depth analysis of the global market includes the following segments:
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Ingredient |
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Type |
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Heating Method |
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Power Source |
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Usage |
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Price |
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Distribution Channel |
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North America Market Forecast
North America cannabis vaporizer market is poised to hold revenue share of over 35.7% by the end of 2037. A significant driver of the sector is the legalization of recreational and medical cannabis and a well-established consumer base driving demand for cannabis vaporizers. Furthermore, growing popularity of cannabis tourism in the region promotes robust growth of the sector.
The U.S. and Canada lead the revenue share in North America, with both the countries legalizing recreational use of cannabis subject to territorial restrictions, boosting the market’s expansion. In July 2024, the State of Illinois celebrated USD 1 billion in cannabis retail sales.
The U.S. leads the revenue share in the cannabis vaporizer market of North America. The regulatory approval of medical and recreational use of cannabis is a major driver of the domestic market. California, Ohio, and Illinois are rapidly establishing themselves as cannabis tourism hubs and reporting large estimates in cannabis related retail sales, creating a burgeoning market for cannabis vaporizers for adult use. For instance, the Department of Cannabis Control California reported that vape sales in 2024 reached its peak in March with retail sales worth USD 123.98 million.
Additionally, cannabis has garnered widespread acceptance amongst various demographics in the country, and the trend of regulatory relaxation is poised to create consistent revenue streams for the cannabis vaporizer market.
Canada is exhibiting rapid growth in the cannabis vaporizer sector of North America. The legalization of cannabis with regulated access has benefited the sector in Canada with the market opening for manufacturers to provide innovative vaporizers. Cities like Toronto and Ontario are boosting promotions to position themselves as hubs for cannabis tourism. Ontario’s authorized cannabis stores sold 21% more cannabis by volume in comparison to the previous year, with reported sales worth over USD 1 billion from January to June 2024. Vapes accounted for 15% of stock keeping units (SKUs) in retail during this period.
The trends indicate favorable expansion of the cannabis vaporizer market in Canada. With a consumer base that is widely accepting cannabis use and seeking efficient smoking methods, manufacturers are positioned to cater to demands with innovative vaporizers.
Europe Market Forecast
Europe is estimated to register the fastest revenue growth in the cannabis vaporizer market owing to progressive regulatory environment legalizing medical and recreational use of cannabis. In October 2023, the health authority of Switzerland was granted approval to establish the first legal adult-use cannabis dispensaries in Europe while in February 2024, Matla opened the first adult-use cannabis club in Europe.
Furthermore, Europe offers an extensive market for cannabis vaporizer manufacturers as a number of countries have relaxed regulations on adult-use cannabis. Matla, Luxembourg, Netherlands, Switzerland, Germany, etc. Manufacturers are positioning to supply vape products to leverage revenue streams in Europe. For instance, in January 2021, BAT launched its first CBD vaping product, i.e., VUSE CBD Zone that will be available in three e-liquid flavors.
Germany is positioned to expand its market share in the cannabis vaporizer sector of Europe. The decriminalization of cannabis and permission of recreational use with restriction creates promising opportunities for cannabis vaporizer manufacturers. From April 2024, people aged over 18 are permitted to carry 25 grams of cannabis for consumption. The progressive regulatory support is poised to boost the sector’s growth in the country with varied demographics favorably responding to cannabis usage.
Manufacturers are positioned to take advantage of increasing demands for portable vaporizers in Germany. For instance, in October 2023, Storz & Bickel, launched a new innovative portable vaporizer for dry herbs with a convection & conduction heater.
Netherlands remains a premier market for cannabis vaporizers in Europe and is set to increase its revenue share by the end of the forecast period. The country was one of the foremost to legalize the use of cannabis for recreational purposes, with recreational use in coffee shops legal since 1978. Due to favorable promotion, Netherlands remains a premier cannabis tourism destination benefiting opportunities for manufacturers of cannabis vaporizers to increase sales by catering to high tourist footfalls.
In December 2023, the Government of Netherlands launched the Controlled Cannabis Supply Chain Experiment to regulate the production, distribution and sale of quality-controlled cannabis. The favorable regulatory environment supporting creation of high-quality cannabis supply chain is poised to benefit the cannabis vaporizer market.
The global market for cannabis vaporizers is poised for a profitable expansion during the forecast period. Key players in the sector are investing to improve vaporizer qualities to provide portable, ease-of-use vaporizers that are multi-purpose in response to rising demands.
Here are some key players in the market:
Author Credits: Parul Atri
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