Vape Cartridge Market To Show Noteworthy Growth With CAGR of 21.4% By 2025 – Product Overview, Distribution Channel Outlook And Profit Margin Analysis | Million Insights

December 09 08:02 2020
Vape Cartridge Market To Show Noteworthy Growth With CAGR of 21.4% By 2025 - Product Overview, Distribution Channel Outlook And Profit Margin Analysis | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global vape cartridge industry research report offers thorough analysis of value chain, variables, trends & scope. It also offers ready, data-driven answers to several industry-level questions.

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.

To download the sample PDF of Vape Cartridge Market Report “please” click here: https://www.millioninsights.com/industry-reports/global-vape-cartridge-market/request-sample 

 

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. 

To browse report summary & detailed TOC, “please” click the link below:
https://www.millioninsights.com/industry-reports/global-vape-cartridge-market 

 

Further key findings from the report suggest:

• In 2018, the plastic segment attributed to revenue of 312.4 million. The glass segment is anticipated to exceed at a CAGR of around 22.8% over the forecasted period.

• Based on the distribution channel, online segment is expected to grow at the CAGR of over 24.7% during the forecasted period.

• North America led the market with revenue of 249.8 million in the year 2018.

Million Insights has segmented the global vape cartridge market based on 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

Browse latest market research reports available with Million Insights:

• Massage Equipment Market: The global massage equipment market size was worth USD 6.9 billion in 2018 and is predicted to grow at higher CAGR in the forecast period.

• Lip Care Products Market: The global lip care products market size was accounted for USD 712.8 million, in 2018. It is estimated to grow at a CAGR of 7.2% during the forecast period, 2019 to 2025. 

About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/global-vape-cartridge-market

view more articles

About Article Author