The global handheld cannabis vaporizer market is projected to reach $18.1 billion in value by 2033 according to a market analysis by Allied Market Research. The market research firm estimates that the handheld cannabis vaporizer sector was worth $5.4 billion in 2023.
“The handheld marijuana vaporizer market growth is primarily driven by the increasing legalization of cannabis for both medicinal and recreational use, which expands the consumer base.” Allied Market Research stated in a press release.
“Technological advancements in vaporizer design, offering improved functionality, portability, and user experience, attract a wide range of users. Additionally, evolving consumer preferences for discreet and convenient cannabis consumption methods, along with the growing acceptance and normalization of cannabis use in society, significantly contribute to the market expansion.” the market research firm also stated.
“North America dominates the handheld marijuana vaporizer market due to its progressive stance on cannabis legalization, particularly in numerous states across the U.S. and in Canada where both medical and recreational cannabis usage is legal.” Allied Market Research stated. “This regulatory framework not only legitimizes the cannabis industry but also encourages innovation and investment in products like vaporizers.”
Cannabis consumption devices have come a long way in recent years, with many popular companies offering consumers large libraries of different devices to choose from. Many of the devices can be customized in various ways, from the color of the device to customized attachments.
Arguably the oldest cannabis consumption device, estimated to be 2,500 years old, was found in China by the Chinese Academy of Sciences.
“This phytochemical analysis indicates that cannabis plants were burned in wooden braziers during mortuary ceremonies at the Jirzankal Cemetery (ca. 500 BCE) in the eastern Pamirs region. This suggests cannabis was smoked as part of ritual and/or religious activities in western China by at least 2500 years ago and that the cannabis plants produced high levels of psychoactive compounds.” researchers stated about the rudimentary consumption device.
Zoom forward thousands of years, and two of the most popular cannabis consumption devices were the Proto Pipe designed by Phil Jergenson in the late 1960s, and the Volcano vaporizer by Storz and Bickel which first debuted in the 1990s.
Currently, cannabis is legal for adult-use at a national level in Uruguay, Canada, Malta, Luxembourg, Germany, and South Africa. Cannabis is also legal for recreational use in 24 states in the United States and the District of Columbia, and adult-use cannabis pilot programs are currently operating in Switzerland and the Netherlands.
As jurisdictions around the world continue to modernize their cannabis policies to permit cannabis use by adults, demand for cannabis consumption devices will continue to increase, and that demand will be met by gadget makers who bring new devices to the market. The sector is also creating a cannabis consumption gadget influencer industry, with The Higher Things Club being a notable example.
According to a separate analysis by Transparency Market Research Inc., “The global handheld marijuana vaporizer market was projected to attain US$ 5 billion in 2021. It is anticipated to garner a 13.4% CAGR from 2022 to 2031 and by 2031, the market is likely to attain US$ 15.9 billion by 2031.”