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Vape Cartridge Market Reach Around $2.2 Billion By 2025: Grand View Research Inc.

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Vape Cartridge Market Reach Around $2.2 Billion By 2025: Grand View Research Inc.

September 05
07:38 2019
Vape Cartridge Market Reach Around $2.2 Billion By 2025: Grand View Research Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, Rising importance of vape cartridge as a tobacco alterative is expected to have a positive impact on the market growth. Vape cartridges are considered to be less harmful than the conventional tobacco cigarettes.

According to a report,“Vape Cartridge Market Size, Share & Trends Analysis Report By Product (Plastic, Glass, Metal), By Distribution Channel (Online, Offline), By Region, And Segment Forecasts, 2019 – 2025”, published by Grand View Research, Inc.,

The global vape cartridge market size is expected to reach USD 2.2 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 21.4% over the forecast period. Rising importance of vape cartridge as a tobacco alterative is expected to have a positive impact on the market growth. Vape cartridges are considered to be less harmful than the conventional tobacco cigarettes. These products do not contain tar and ash, which paves the way for the consumers to prefer them over conventional cigarettes. The buyers can customize their daily nicotine intake by changing the airflow, power output, and coil type of the cartridge. Furthermore, the product is considered to be environment friendly and it does not release smell.

The glass products are expected to expand at the fastest CAGR of 22.8% from 2019 to 2025. The consumers are expected to use these products as an alternative to conventional plastics over the forecast period. Furthermore, glass vape cartridges are hassle free way to smoke and they provide various features including adjustable nicotine level and less smoke.

Offline channel generated a revenue of USD 447.9 million in 2018. These channels offer a wide range of products of local and established manufacturers under a single platform. Furthermore, offline channels, particularly supermarkets offer various add-on benefits including try and buy options, membership plans for the customers, and attractive warranty plans to the consumers. These features play a vital role in ensuring the better retention of customer relationships with offline channels.

Asia Pacific is expected to be the fastest growing region with a CAGR of 26.2% from 2019 to 2025. Major consumers of vape cartridge in Asia Pacific are Malaysia, Japan, China, and South Korea. Increased consumer spending on healthy lifestyle products, coupled with implementation of various government campaigns on the hazardous effects of tobacco, is driving people to purchase these products as an alternative to conventional tobacco products.

Some of the key players operating in this market are HONEY; The Bloom Brand; BRITE LABS; Arbor Pacific Inc.; Airo Vapo; Cura CS; Evolab; Orchid Essentials; Loudpack; and Eel River Family Farm. Companies from different industries are entering this market by understanding the market growth. For instance, in March 2019, consumer packaging company “CaniBrands” signed up partnership with “Sonder” to enter into this market.

To request a sample copy or view summary of this report, click the link below: 
https://www.grandviewresearch.com/industry-analysis/vape-cartridge-market

U.S. vape cartridge market size, by product, 2015 - 2025 (USD Million)

Further key findings from the report suggest:

  • By product, plastic generated a revenue of USD 312.4 million in 2018 due to its low cost and easy availability through offline and online stores. Glass is expected to expand at a CAGR of 22.8% from 2019 to 2025 owing to its ability to provide pure aroma of flavors

  • The offline segment generated a revenue of USD 447.9 million in 2018. Online channel is the fastest growing segment with a CAGR of 24.7% from 2019 to 2025

  • North America emerged as the largest regional vape cartridge market with a revenue of USD 249.8 million in 2018.

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Global vape cartridge market share, by distribution channel, 2018 (%)

Grand View Research has segmented the global vape cartridge market report on the basis of product, distribution channel, and region:

Vape Cartridge Product Outlook (Revenue, USD Million, 2015 – 2025)

  • Plastic

  • Glass

  • Metal

Vape Cartridge Distribution Channel Outlook (Revenue, USD Million, 2015 – 2025)

  • Online

  • Offline

Vape Cartridge Regional Outlook (Revenue, USD Million, 2015 – 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

  • Asia Pacific

    • China

    • Japan

  • Central & South America

    • Brazil

  • Middle East & Africa

    • South Africa

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 126 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 4126 analysts and consultants, the company adds 121200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 600 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: United States
Website: www.grandviewresearch.com/industry-analysis/vape-cartridge-market