Global Cannabis Vaporizer Market Forecast 2021-2031
The portable marijuana vaporizer (CBD e-cigarette) is expected to dominate the main market share with a compound annual growth rate of over 17%. Additionally, according to the heating method, convection vaporizers are predicted to be the top performer with a 16.5% compound annual growth rate.
In its latest business intelligence research, Fact.MR has outlined specific details of the global cannabis vaporizer market. The report provides detailed information on drivers, restraints, opportunities, and trends influencing market growth.
From 2021 to 2031, the global cannabis vaporizer market is expected to grow by 3.5 times, with increasing demand for temperature-controlled cannabis vaporizers over time. Cannabis vaporizers are devices used to heat concentrates or cannabis flowers to a temperature where it turns into vapor. Cannabis vaporizers are primarily used for medical and recreational purposes. The legalization of electronic cigarettes for medical and recreational use in many countries will promote market growth in the coming years. Regional policies, including the entertainment industry, such as bars and nightclubs, will drive demand for cannabis vaporizers. As recreational use becomes popular among young people, cannabis vaporizers have become a preferred option and are resonating with the development of the entertainment industry.
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