Vape Cartridge Market Size Worth $2.2 Billion
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. 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.
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.
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“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. Increasing consumer preference
towards vape products as an