Global Vape Cartridge Market Size to worth USD 11.81 Billion by 2033
According to a research report published by Spherical Insights & Consulting, the Global Vape Cartridge Market Size is Expected to Grow from USD 1.48 Billion in 2023 to USD 11.81 Billion by 2033, at a CAGR of 23.08 % during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Vape Cartridge Market Size, Share, and COVID-19 Impact Analysis, By Product (Pre-Filled Vape Cartridges and Refillable Vape Cartridges), By Material (Plastic, Glass, and Metal), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
The vape cartridge market refers to the sector involved in the production, distribution, and consumption of vape cartridges, which are devices used for vaporizing e-liquids or cannabis extracts. These cartridges, typically designed to fit into a vaporizer pen or mod, contain concentrated substances such as nicotine, THC, CBD, or flavored e-liquids. Moreover, the market for vape cartridges has seen substantial growth due to the increasing adoption of vaping as an alternative to traditional smoking and the expanding legalization of cannabis in various regions. Key driving factors include the growing health-conscious consumer base seeking less harmful alternatives to smoking, the rising popularity of cannabis products for medicinal and recreational purposes, and the continuous innovation in vape cartridge designs and technologies. The demand for portable, user-friendly, and customizable vaping experiences further fuels the market’s expansion. Additionally, the increasing number of vape users across diverse demographics contributes to market growth. However, the market faces challenges such as regulatory hurdles, concerns regarding the safety and long-term health effects of vaping, and the presence of counterfeit products.
The pre-filled vape cartridges segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the product, the vape cartridge market is classified into pre-filled vape cartridges and refillable vape cartridges. Among these, the pre-filled vape cartridges segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. The dominance of pre-filled cartridges can be attributed to their convenience, ease of use, and consistent performance, making them a popular choice among both new and experienced users. These cartridges are pre-loaded with e-liquids or cannabis extracts, eliminating the need for users to manually refill, which offers a hassle-free vaping experience.
The plastic segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the material, the vape cartridge market is divided into plastic, glass, and metal. Among these, the plastic segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. The dominance of plastic vape cartridges can be attributed to their cost-effectiveness, lightweight nature, and versatility in design. Plastic materials, such as polypropylene and PET, are commonly used in the production of vape cartridges due to their ability to withstand the chemicals present in e-liquids while keeping production costs low.
North America is estimated to hold the largest vape cartridge market share over the forecast period.
North America is estimated to hold the largest vape cartridge market share over the forecast period. There are high adoption rates of vaping products in the region, which results from increased knowledge of the hazards of smoking that have been propagated by traditional methods of smoking. Strong market players, together with breakthrough vaping technology, make the market enormous. The diversification of available flavors and the strength of the nicotine in cartridges, whether filled or refillable, increases appeal to consumers' diverse preferences.
Asia-Pacific is predicted to have the fastest CAGR growth in the vape cartridge market over the forecast period. The reginal growth due to consumer spending on vaping products in the region increases as the middle-class population grows and disposable incomes rise. The awareness of the health hazards associated with smoking tobacco products is driving consumers away from those products to safer alternatives, including vape cartridges. Increased usage of e-cigarettes and vaping devices among a younger age group also contributes to market growth. The increased fame of vaping products due to social media and digital marketing campaigns also increases adoption.
Competitive Analysis
Major key players in the vape cartridge market are HONEY, The Bloom Brand, Brite Labs, AIRO, CURA CS, LLC., Evolab, Leafly, LLC, Loudpack, and Eel River Family Farm.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In August 2024, Silly Nice, a renowned Harlem-based cannabis brand, announced the launch of two innovative vape products available at New York dispensaries in September 2024. The 1G 510 Vape Cartridge features an ergonomic mouthpiece engineered to be oil-leak-proof through advanced double injection molding. Additionally, the 2G All-In-One Vape offers a durable and user-friendly option for experienced and novice users.
Market Segment
This study forecasts global, regional, and country revenue from 2023 to 2033. Spherical Insights has segmented the vape cartridge market based on the below-mentioned segments:
Global Vape Cartridge Market, By Product
- Pre-Filled Vape Cartridges
- Refillable Vape Cartridges
Global vape cartridge Market, By Material
Global Vape Cartridge Market, By Regional Analysis
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa