Vape Cartridge Market Growth, Technology and Top key vendors

Posted by surendra choudhary on November 13th, 2020

Vape Cartridge Market: Outlook

Regarded as one of the most suitable replacement of cigarettes and other nicotine-induced substances, vapes are a popular choice among a considerable populace around the world. The vaping trend has generated great buzz and is stated to continue the same between 2020 and 2030. These aspects will certainly invite expansive growth for the global vape cartridge market across the forecast period of 2020-2030.

The millennial generation acquires a large share in terms of revenue generation for the vape cartridge market. These cartridges are available in plastic and glass material. Vape cartridges contain additives, distillates, CO₂, and oil.

This report on the vape cartridge market provides information to the stakeholder through the R.O.C.K (Regional Prospects. Overview. Competitive Dimensions. Key Trends) mechanism. This mechanism covers all the major prospects that are growth-worthy for the vape cartridge market and helps the stakeholder to gain rock-solid insights.

The information included in this report has been designed after a scrutinized analysis on a variety of factors by an expert team of researchers. The report also offers insights into the COVID-19 impact on the vape cartridge market and the prominent threats that the vape cartridge market may face between 2020 and 2030.

Vape Cartridge Market: Competitive Scenario

Over the years, vape cartridges have evolved greatly. A plethora of developments have been observed in regard to the production of vape cartridge. This aspect has brought great growth prospects for the vape cartridge market.  The players in the vape cartridge market always strive hard to be in tandem with the choice and features that attract a large consumer base through research and development activities.

Manufacturers in the vape cartridge market are focusing on developing glass vape cartridges as they are gaining substantial traction from the consumer base. The properties of glass such as no melting due to heating and maintenance of liquid viscosity are serving as prominent growth attractors for the vape cartridge market. Advertising campaigns and social media promotions are also helping the vape cartridge market to gain extra stars of growth.

The players are also introducing vape cartridges without any synthetic additives because of the preference for an additive-free vape experience. Some well-established players in the vape cartridge market are Evolab Chroma, Select Oil, Level Elevate, The Bloom Brand, Avitas Natural, Absolute Extracts, River Organics, Dutchy Oil, and Orchid Essentials.

Vape Cartridge Market: Growth Dampeners

The increasing penetration of fake cartridges in the market is serving as a major growth dampener for the vape cartridge market. These fake cartridges are sold as original ones. They contain hazardous substances that can be fatal. However, regulatory authorities are trying to control the menace by various measures and this may bring some opportunities for growth revival.

The FDA recently tightened the grip on selling vaping products. Every seller has to send a premarket tobacco product application (PMTA) and new tobacco products have to show a health benefit when compared to cigarettes. This aspect may further attract loss.

Vape Cartridge Market: Recent Developments

Some major developments in the vape cartridge market are as follows:

• Blackbird, a cannabis software company recently partnered with Commonwealth Alternative Care and launched an online marketplace for delivering vape cartridges and other products
• Heritage Cannabis launched three new CBD vape cartridges
• Sublime, a cannabis manufacturing company recently launched Live Resin Vape Cartridges

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Vape Cartridge Market: Regional Analysis

Developed regions like North America and Europe may gain robust growth for the vape cartridge market. The trend of vaping is gaining expansive traction and is expected to continue over the forecast period. Asia Pacific may serve as the fastest-growing region due to the escalating preference for vape cartridges over other nicotine products in countries like China and Philippines.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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