The global vape cartridge market is estimated to reach USD 2.2 billion, by 2025, and is projected to grow at a CAGR of 21.4% from 2019 to 2025, according to a new report by Million Insights. Increasing consumer preference towards vape products as an option to tobacco is mainly contributing to market growth. Vape products do not contain ash and tar that are highly present in traditional cigarettes. Consumer can customize nicotine content by varying the power output and airflow of vape cartridge. All these key features are anticipated to drive the demand for the product.
The glass cartridge is projected
to grow at a CAGR of over 22.8% over the forecasted period. Consumers prefer
glass-based product over plastic products. Glass vape allows to adjust the
level of nicotine and smoke. These key benefits are anticipated to boost the
product demand in the next few years.
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Market Synopsis of Vape Cartridge Market:
In 2018, offline channel segment
contributed to the revenue of over USD 447.9 million. Offline channel is
comprised of hypermarkets and convenience stores. Hypermarkets offer these
products with options such as try and buy the product and provide membership
offers. Moreover, these add-on benefits with customer engagement activities are
expected to spur the market growth.
Asia Pacific is projected to grow
at the CAGR of over 26.2% during the forecasted period. High consumer spending
on health products and high demand for the product from countries like
Malaysia, South Korea, China, and Japan is boosting the vape cartridge market
growth. Moreover, government policies regarding tobacco smoking are influencing
the consumer to look for alternative options.
Major players in the market
include HONEY, BRITE LABS, The Bloom Brand, Arbor Pacific Inc., Evolab; Airo
Vapor, Orchid Essentials, and Cura CS. Major manufacturers in the market focus
on strategic partnerships and mergers & acquisitions to enhance their reach
across the globe. For instance, in 2019, CaniBrands have partnered with company
called Sonder to expand its distribution network.
View Full Table of Contents of This Report @ https://www.millioninsights.com/industry-reports/global-vape-cartridge-market
Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Vape Cartridge: Market
Variables, Trends & Scope
Chapter 4 Vape Cartridge: Product
Estimates & Trend Analysis
Chapter 5 Vape Cartridge:
Application Estimates & Trend Analysis
Chapter 6 Vape Cartridge: End-use
Estimates & Trend Analysis
Chapter 7 Vape Cartridge:
Industrial End-use Estimates & Trend Analysis
Chapter 8 Vape Cartridge:
Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Vape Cartridge:
Manufacturers Company Profiles
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