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What Is the Forecast for the Handheld Marijuana Vaporizer Market from 2024 to 2025?

The market size of handheld marijuana vaporizers has witnessed a swift expansion in the recent past. This segment is projected to expand from a worth of $7.28 billion in 2024 to $8.49 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 16.6%. Factors such as an enhanced commitment towards sustainable manufacturing, growing health-centric decisions, heightened R&D emphasis, increased sustainability practices, along with a rise in acceptance and cognizance, have been instrumental in the historical growth pattern.

What Is the Projected Market Size of the Handheld Marijuana Vaporizer Market?

Expectations are high for the handheld marijuana vaporizer market size to increase significantly in the forthcoming years. The market is predicted to reach a sum of $15.55 billion by 2029, growing at a compound annual growth rate (CAGR) of 16.3%. The increase during the forecasting period can be linked to factors such as growth in e-commerce channels, environmentally conscious elements, the broadening of distribution channels, social media impact, and governmental health-driven initiatives. Key trends to watch during the forecast period will be the emphasis on safety features, tailored features and user experience, progression in airflow systems, collaboration with cannabinoid research, and insights from AI and machine learning.

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Who are the Major Competitors in the Handheld Marijuana Vaporizer Market Outlook?

Major companies operating in the handheld marijuana vaporizer market are Linx Vapor Inc., PAX Labs Inc., Vivant Inc., Puffco Inc., Haze Technologies Inc., Storz & Bickel GmbH & Co. KG, Snoop Dogg, Magic-Flight LLC, Dynavap LLC, Arizer Inc., G Pen, Boundless Technology Inc., KandyPens Inc., Flowermate, Mig Vapor Inc., Sutra Vape Inc., Cloudious9 Inc., Vuber Technologies Inc., Airistech, Dr. Dabber Inc.

What Is Fueling Growth in the Handheld Marijuana Vaporizer Market?

The handheld marijuana vaporizer market is anticipated to flourish due to the increasing legalization of cannabis. This term refers to a genus of plants that notably includes Cannabis sativa. The push towards legalization is being influenced by changing public perceptions, acknowledgement of its medicinal advantages, and the potential for significant financial returns through regulation and taxation. A portable marijuana vaporizer facilitates the efficient and discreet consumption of cannabis. It heats up the plant to release its active agents without incinerating the plant matter, thereby minimizing harmful toxins and improving the taste. As an example, in January 2024, the Government of Canada, a federal administration based in Canada, reported an increase in individuals buying cannabis from authorized sources in 2023, with rates increasing from 69% in 2022 to 73%. Hence, the rising trend of cannabis legalization is fuelling the expansion of the handheld marijuana vaporizer market.

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Which Handheld Marijuana Vaporizer Market Segments Are Growing the Fastest?

The handheld marijuana vaporizer market covered in this report is segmented –

1) By Vaporizer Type: Convection Vaporizer; Conduction Vaporizer

2) By Temperature Control: Fixed; Variable

3) By Charger Type: Universal Serial Bus (USB); Micro Universal Serial Bus (USB)

4) By Application: Medical Purposes; Recreational Purposes

5) By Distribution Channel: Supermarkets And Hypermarkets; Specialty Stores; Online Retail; Other Distribution Channels

Subsegments:

1) By Convection Vaporizer: Portable Convection Vaporizers; Desktop Convection Vaporizers; Battery-Powered Convection Vaporizers; Dual-Use Convection Vaporizers

2) By Conduction Vaporizer: Portable Conduction Vaporizers; Desktop Conduction Vaporizers; Battery-Powered Conduction Vaporizers; Hybrid Conduction Vaporizers

What are the Emerging Market Trends Driving the Growth of the Handheld Marijuana Vaporizer Industry?

Leading businesses in the handheld marijuana vaporizer market are concentrating their efforts on creating innovative platforms, such as personalization solutions, by integrating state-of-the-art technology into their products to enhance user experience. By adapting the use of handheld marijuana vaporizers to individual tastes and needs, the personalization platform increases comfort, effectiveness, and user satisfaction. As an example, Pax, an American cannabis brand operator, launched My PAX in July 2023, aiming to jointly design Pax devices that boost creativity and personal expression. The platform includes unique features such as personalized text, a selection of images from various themes like zodiac signs and cannabis culture, and design templates on vaporizer devices. This enables users to produce a bespoke product expressing their uniqueness.

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Which Countries Are Leading the Handheld Marijuana Vaporizer Market?

North America was the largest region in the handheld marijuana vaporizer market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the handheld marijuana vaporizer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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This Report Delivers Insight On:

1. How big is the handheld marijuana vaporizer market, and how is it changing globally?

2. Who are the major companies in the handheld marijuana vaporizer market, and how are they performing?

3. What are the key opportunities and risks in the handheld marijuana vaporizer market right now?

4. Which products or customer segments are growing the most in the handheld marijuana vaporizer market?

5. What factors are helping or slowing down the growth of the handheld marijuana vaporizer market?

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