Cannabis Vaporizer Market
Cannabis Vaporizer Market By Product Type (Portable, Table Top), By Ingredients (Dry Herbs, Cannabis Oil, Wax), By Usage (Medical Purposes, Recreational Purposes), By Heating Type (Convection Vaporizers, Conduction Vaporizers), By Distribution Channel (Online, Offline)- Global Market Insights 2021 to 2031
Analysis of Cannabis Vaporizer market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
About the Report
The global cannabis vaporizer market is projected to expand 3.5X its value from 2021 to 2031, with demand for temperature-controlled cannabis vaporizers rising as the years go by.
Cannabis vaporizers are devices used to heat concentrates or cannabis flowers at temperatures that can turn them into vapour. Cannabis vaporizers are mainly used for medical and recreational purposes. Legalization of vaping for medical and recreational uses in many countries will foster market growth over the coming years.
The recreational industry, which includes pubs and bars, following regional policies, will drive demand for cannabis vaporizers. With recreational avenues fairly popular among young people, cannabis vaporizers are the preferred choice and resonate with the growth of the recreational industry.
Legalization of cannabis in many countries and changes in regional policies are key to the growth of the market. Additionally, consumerism, supply chain, and other factors regarding cannabis vaporizers have been discussed in the recently published report by Fact.MR. Insights have been streamlined in the report in the form of a timeline, where the report is drafted in historical (2016-2020) and forecast terms (2021-2031).
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Historical Trends Vs. Future Market Projections
Emerging penetration of easy to use portable cannabis vaporizers with growing recreational industries has increased the demand for cannabis vaporizers over the last half-decade. Moreover, the legalization of cannabis recently in many countries such as Canada, Georgia, South Africa, and Uruguay has pushed the growth of the cannabis vaporizer market.
In FY 2020, COVID-19 hit the recreation industry very badly with bans on pubs and bars impacting the demand and supply of cannabis vaporizers as well. The decline in demand for cannabis vaporizers can be aligned with reduced spending on recreational activities.
Since many countries are still struggling with the rise in COVID cases, pubs and bars remain shut in many regions. However, rapid increase in the usage of portable cannabis vaporizers and changes in regional policies is set to foster growth in the coming years.
Forecast period assessment could be done by breaking down the period into three assessable periods i.e., Short-run, medium-run and long-run
Short-Run: COVID-19 has affected the overall recreational industry, and the demand for cannabis vaporizers is set to recover by Q4 of FY2021.
Medium-Run: Increase in usage of portable vaporizers and normalized spending in recreational activities will have a positive effect on the cannabis vaporizers demand.
Long-Run: Economic cycles, inflation rate, technological changes and regional policies for cannabis vaporizers are set to impact the overall market, which has been discussed in detail in the recently published report by Fact.MR.
Country-wise Analysis
Why is the United States an Attractive Market for Cannabis Vaporizer?
The United States is an emerging market for cannabis vaporizers due to the strong positive network externalities of the regional consumers. Apart from consumerism, regional policies have a strong effect on this market.
As of 2022, 12 states in the U.S. have legalized the use of cannabis for recreational purposes, and the demand to legalize the use of cannabis in other states is also rising. Growth of the market in the U.S. is set to mirror the growth of the market in North America.
What Makes Canada a Lucrative Market for Cannabis Vaporizer?
Canada also has a significant role in driving demand for cannabis vaporizers. Since the legalization of cannabis usage in Canada for both recreational and medicinal purposes, the market has seen a boom in the country. The USA and Canada combined now hold a major share in the global market in terms of revenue, making the North America region hold 49.2% of the market as of 2020.
With new technological advancements in cannabis vaporizers, Canada is only going to see a surge in the demand for cannabis vaporizers for both recreational and medicinal purposes.
Why are Sales of Cannabis Vaporizers Increasing across the U.K.?
The United Kingdom will play a major role in the growth of the market in Europe. The United Kingdom has legalized the medicinal use of cannabis vaporizers, which is set to drive the market for the same. Other European countries are also likely to follow suit, as Georgia has already legalized cannabis use and is set to witness high demand for cannabis vaporizers.
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Category-Wise Insights
Why are Portable Cannabis Vaporizers Preferred Over Table Top Versions?
Portable cannabis vaporizers hold a larger share of the demand pie as they are easy to carry and allow personalized use for vaporizing herbs and substances. Additionally, technological advancements in portable cannabis vaporizers such as temperature control vaporizers, through which users can control the temperature for optimum taste, will help portable vaporizers dominate the market.
The dominance of portable cannabis vaporizers due to the above-stated reasons and changing regional policies will ensure higher significance of portable cannabis vaporizers over the long-term forecast.
Why Will Convection Vaporizers Experience Higher CAGR Even Though Conduction Holds Higher Market Share?
Conduction vaporizers have a higher market share due to being less expensive than convection vaporizers. However, with new technological advancements and the introduction of new convection cannabis vaporizers, which not only stop the substance from burning but also help in temperature control, the demand for convection cannabis vaporizers is increasing.
On the other hand, induction vaporizers are seeing modest growth even though the segment has the least market share in terms of revenue.
What are the Key Barriers for Cannabis Vaporizer Manufacturers?
Cannabis and cannabis extract consumption is still illegal in most countries. Moreover, several countries only legalize the use of cannabis vaporizers for medicinal purposes, which is impacting overall demand.
In addition to the above factors, strict lockdown rules in several countries have limited recreational activities, impacting the demand for cannabis vaporizers.
Cannabis vaporizers, being expensive, and traditional smoking methods still being prevalent in the market, will also act as a barriers to market expansion.
Report Scope
Attribute |
Details |
Forecast Period |
2021-2031 |
Historical Data Available for |
2016-2020 |
Market Analysis |
US$ Mn for Value & (000’) Units for Volume |
Key Regions Covered |
|
Key Countries Covered |
|
Key Segments Covered |
|
Key Companies Profiled |
|
Customization & Pricing |
Available upon Request |
Key Segments Covered
-
By Product Type
- Portable/Handheld Cannabis Vaporizers
- Table Top Cannabis Vaporizers
-
By Ingredient
- Cannabis Dry Herb Vaporizers
- Cannabis Oil Vaporizers
- Butane Hash Oil (BHO)
- CO2 Oil
- Rick Simpson Oil (RSO)
- Others
- Cannabis Wax Vaporizers
- Shatter Wax
- Honeycomb Wax
- Others
-
By Heating Method
- Convection Cannabis Vaporizers
- Conduction Cannabis Vaporizers
- Induction Cannabis Vaporizers
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By Usage
- Cannabis Vaporizers for Medical Purposes
- Cannabis Vaporizers for Recreational Purposes
-
By Distribution Channel
- Cannabis Vaporizers Sold through Online Channels
- Cannabis Vaporizers Sold through Offline Channels
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By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa (MEA)
- South America
Table of Content
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Summary of Statistics 1.5. Summary of Key Findings 1.6. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage 2.2. Market Definition 2.2.1. Scope 2.2.2. Limitations 3. Market Risks and Trends Assessment 3.1. Risk Assessment 3.1.1. COVID-19 Crisis and Impact on Global Cannabis Vaporizer Market 3.1.2. COVID-19 Impact Benchmark with Previous Crisis 3.1.2.1. Change in Demand and Consumption Growth 3.1.2.2. Before and After COVID-19 Crisis (Projected) 3.1.2.3. Before and after SARS Pandemic (Actual) 3.1.2.4. Before and After Sub-prime Crisis – 2008 (Actual) 3.1.2.5. Change in Demand post Recovery Period (After Each Crisis) 3.1.3. Impact on Market Volume (Units) and Value (US$ ‘000) 3.1.3.1. Likely Loss of Value in 2020 3.1.3.2. Mid-term and Long Term Forecast 3.1.3.3. Quarter by Quarter Dip and Recovery Assessment 3.1.4. Recovery Assessment by Key Market Segments 3.1.5. Action Points and Recommendation for Suppliers 3.2. Key Trends Impacting the Market 3.3. Product Innovation / Development Trends 4. Market Background and Foundation Data Points 4.1. Global Vaporizer Market Outlook 4.2. Types of Vaporizer 4.3. Types of Cannabis vaporizer 4.4. Level of Commercialization across Regions 4.5. Common Materials Used in Cannabis vaporizer 4.6. Evolution & Transition: Cannabis Vaporizer 4.7. Macro-Economic Factors 4.7.1. Global GDP Growth Outlook 4.7.2. Fluctuation in Raw Material Prices 4.7.3. Others 4.8. Forecast Factors - Relevance & Impact 4.8.1. Top Companies Historical Growth 4.8.2. End-Use Industry Growth 4.8.3. Regulations on Cannabis 4.8.4. Investments in Cannabis vaporizer Production Technology 4.8.5. Planned Expansions 4.8.6. Impact of COVID-19 in Short Term Forecast 4.8.7. Others 4.9. Market Dynamics 4.9.1. Drivers 4.9.2. Restraints 4.9.3. Opportunity Analysis 4.10. Scenario Forecast (Demand in optimistic, likely, and conservative market conditions) 4.11. Investment feasibility Analysis 4.12. Policy and Regulatory Landscape 4.13. PATENT Analysis 4.14. Cannabis vaporizer Value Chain Analysis 4.14.1. Operating Margins (at each node of value chain) 4.14.2. Key Manufacturers 4.14.3. Key Distributor/Retailers 4.14.4. Key Buying Industries 5. Key Success Factors 5.1. Expanding Portfolio of Cannabis Vaporizer 5.2. Collaborating with Key Consumers to Secure Long-Run Revenues 5.3. Bundled Product Offerings on the basis of Application 5.4. Strengthening Presence through Channel Partner in Non-Conventional Markets 5.5. Others (Discussed in Report) 6. Global Cannabis Vaporizer Market Demand Analysis 2016-2020 and Forecast, 2021-2031 6.1. Historical Market Volume (000’ units) Analysis, 2016-2020 6.2. Current and Future Market Volume (000’ units) Projections, 2021-2031 6.3. Y-o-Y Growth Trend Analysis 7. Global Cannabis Vaporizer Market - Pricing Analysis 7.1. Regional Pricing Analysis By Product Type 7.2. Pricing Break-up 7.2.1. Manufacturer Level Pricing 7.2.2. Distributor Level Pricing 7.3. Global Average Pricing Analysis Benchmark 8. Global Cannabis Vaporizer Market Demand (US$ Mn) Analysis 2016-2020 and Forecast, 2021-2031 8.1. Historical Market Value (US$ Mn) Analysis, 2016-2020 8.2. Current and Future Market Value (US$ Mn) Projections, 2021-2031 8.2.1. Y-o-Y Growth Trend Analysis 8.2.2. Absolute $ Opportunity Analysis 9. Global Cannabis Vaporizer Market Analysis 2016-2020 and Forecast 2021-2031, by Product Type 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Mn) and Volume (000’ units) Analysis By Product Type, 2016 - 2020 9.3. Current and Future Market Size (US$ Mn) and Volume (000’ units) Analysis and Forecast By Product Type, 2021-2031 9.3.1. Portable/Handheld 9.3.2. Table Top 9.4. Market Attractiveness Analysis By Product Type 10. Global Cannabis Vaporizers Market Analysis and Forecast, by Ingredients 10.1. Definition 10.2. Cannabis Vaporizers Market Size (US$ Mn) (000’ Units), by Ingredients, 2021 – 2031 10.2.1. Dry Herbs 10.2.2. Cannabis Oil 10.2.2.1. Butane Hash Oil (BHO) 10.2.2.2. CO2 Oil 10.2.2.3. Rick Simpson Oil (RSO) 10.2.2.4. Others 10.2.3. Wax 10.2.3.1. Shatter Wax 10.2.3.2. Honeycomb Wax 10.2.3.3. Others 10.3. Incremental Opportunity Analysis, by Ingredients 11. Global Cannabis Vaporizers Market Analysis and Forecast, by Usage 11.1. Definition 11.2. Cannabis Vaporizers Market Size (US$ Mn) (000’ Units), by Usage, 2021-2031 11.2.1. Medical Purposes 11.2.2. Recreational Purposes 11.3. Global Incremental Opportunity, by Usage 12. Global Cannabis Vaporizer Market Analysis 2016-2020 and Forecast 2021-2031, by Heating Type 12.1. Introduction / Key Findings 12.2. Historical Market Size (US$ Mn) and Volume (000’ units) Analysis By Heating Type, 2016 - 2020 12.3. Current and Future Market Size (US$ Mn) and Volume (000’ units) Analysis and Forecast By Heating Type, 2021-2031 12.3.1. Convection Vaporizers 12.3.2. Conduction Vaporizers 12.3.3. Induction Vaporizers 12.4. Market Attractiveness Analysis By Heating Type 13. Global Cannabis Vaporizers Market Analysis and Forecast, by Distribution Channel 13.1. Definition 13.2. Cannabis Vaporizers Market Size (US$ Mn) (000’ Units), by Distribution Channel, 2021-2031 13.2.1. Online 13.2.2. Offline 13.3. Global Incremental Opportunity, by Distribution Channel 14. Global Cannabis Vaporizer Market Analysis 2016-2020 and Forecast 2021-2031, by Region 14.1. Introduction 14.2. Historical Market Size (US$ Mn) and Volume (000’ units) Analysis By Region, 2016 - 2020 14.3. Current Market Size (US$ Mn) and Volume (000’ units) Analysis and Forecast By Region, 2021-2031 14.3.1. North America 14.3.2. Europe 14.3.3. Asia Pacific 14.3.4. Rest of the World 14.4. Market Attractiveness Analysis By Region 15. North America Cannabis Vaporizer Market Analysis 2016-2020 and Forecast 2021-2031 15.1. Introduction 15.2. Pricing Analysis 15.3. Historical Market Size (US$ Mn) and Volume (000’ units) Trend Analysis By Market Taxonomy, 2016 - 2020 15.4. Market Size (US$ Mn) and Volume (000’ units) Forecast By Market Taxonomy, 2021-2031 15.4.1. By Country 15.4.1.1. U.S. 15.4.1.2. Canada 15.4.2. By Product Type 15.4.3. By Heating Type 15.4.4. By Usage 15.4.5. By Distribution Channel 15.5. Market Attractiveness Analysis 15.5.1. By Country 15.5.2. By Product Type 15.5.3. By Heating Type 15.5.4. By Usage 15.5.5. By Distribution Channel 15.6. Market Trends 15.7. Key Market Participants - Intensity Mapping 15.8. Drivers and Restraints - Impact Analysis 16. Europe Cannabis Vaporizer Market Analysis 2016-2020 and Forecast 2021-2031 16.1. Introduction 16.2. Pricing Analysis 16.3. Historical Market Size (US$ Mn) and Volume (000’ units) Trend Analysis By Market Taxonomy, 2016 - 2020 16.4. Market Size (US$ Mn) and Volume (000’ units) Forecast By Market Taxonomy, 2021-2031 16.4.1. By Country 16.4.1.1. Germany 16.4.1.2. Italy 16.4.1.3. France 16.4.1.4. U.K. 16.4.1.5. BENELUX 16.4.1.6. Russia 16.4.1.7. Rest of Europe 16.4.2. By Product Type 16.4.3. By Heating Type 16.4.4. By Usage 16.4.5. By Distribution Channel 16.5. Market Attractiveness Analysis 16.5.1. By Country 16.5.2. By Product Type 16.5.3. By Heating Type 16.5.4. By Usage 16.5.5. By Distribution Channel 16.6. Market Trends 16.7. Key Market Participants - Intensity Mapping 16.8. Drivers and Restraints - Impact Analysis 17. Asia Pacific Cannabis Vaporizer Market Analysis 2016-2020 and Forecast 2021-2031 17.1. Introduction 17.2. Pricing Analysis 17.3. Historical Market Size (US$ Mn) and Volume (000’ units) Trend Analysis By Market Taxonomy, 2016 - 2020 17.4. Market Size (US$ Mn) and Volume (000’ units) Forecast By Market Taxonomy, 2021-2031 17.4.1. By Country 17.4.1.1. China 17.4.1.2. Japan 17.4.1.3. South Korea 17.4.1.4. India 17.4.1.5. Thailand 17.4.1.6. ANZ 17.4.1.7. Rest of Asia Pacific 17.4.2. By Product Type 17.4.3. By Heating Type 17.4.4. By Usage 17.4.5. By Distribution Channel 17.5. Market Attractiveness Analysis 17.5.1. By Country 17.5.2. By Product Type 17.5.3. By Heating Type 17.5.4. By Usage 17.5.5. By Distribution Channel 17.6. Market Trends 17.7. Key Market Participants - Intensity Mapping Drivers and Restraints - Impact Analysis 18. Rest of the World Cannabis Vaporizer Market Analysis 2016-2020 and Forecast 2021-2031 18.1. Introduction 18.2. Pricing Analysis 18.3. Historical Market Size (US$ Mn) and Volume (000’ units) Trend Analysis By Market Taxonomy, 2016 - 2020 18.4. Market Size (US$ Mn) and Volume (000’ units) Forecast By Market Taxonomy, 2021-2031 18.4.1. By Sub-Region 18.4.1.1. Latin America 18.4.1.2. Middle East & Africa 18.4.2. By Product Type 18.4.3. By Heating Type 18.4.4. By Usage 18.4.5. By Distribution Channel 18.5. Market Attractiveness Analysis 18.5.1. By Sub-Region 18.5.2. By Product Type 18.5.3. By Heating Type 18.5.4. By Usage 18.5.5. By Distribution Channel 18.6. Market Trends 18.7. Key Market Participants - Intensity Mapping 18.8. Drivers and Restraints - Impact Analysis 19. Cannabis Vaporizer Market Analysis 2016-2020 and Forecast 2021-2031, Key Country Analysis 19.1. Introduction 19.2. U.S. Cannabis Vaporizer Market 19.2.1. Market Volume (000’ units) (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy 19.2.1.1. By Product Type 19.2.1.2. By Heating Type 19.2.1.3. By Usage 19.2.1.4. By Distribution Channel 19.3. Canada Cannabis Vaporizer Market 19.3.1. Market Volume (000’ units) (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy 19.3.1.1. By Product Type 19.3.1.2. By Heating Type 19.3.1.3. By Usage 19.3.1.4. By Distribution Channel 19.4. UK Cannabis Vaporizer Market 19.4.1. Market Volume (000’ units) (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy 19.4.1.1. By Product Type 19.4.1.2. By Heating Type 19.4.1.3. By Usage 19.4.1.4. By Distribution Channel 20. Market Structure Analysis 20.1. Market Analysis by Tier of Companies 20.2. Market Concentration 20.3. Market Share Analysis of Top Players 20.4. Market Presence Analysis 21. Competition Analysis 21.1. Competition Dashboard 21.2. Pricing Analysis by Competition 21.3. Competition Benchmarking 21.4. Competition Deep Dive 21.4.1. PAX Labs Inc. 21.4.1.1. Overview 21.4.1.2. Product Portfolio 21.4.1.3. Sales Footprint 21.4.1.4. Strategy Overview. 21.4.2. STORZ & BICKEL GmbH & Co. KG 21.4.2.1. Overview 21.4.2.2. Product Portfolio 21.4.2.3. Sales Footprint 21.4.2.4. Strategy Overview. 21.4.3. Arizer 21.4.3.1. Overview 21.4.3.2. Product Portfolio 21.4.3.3. Sales Footprint 21.4.3.4. Strategy Overview. 21.4.4. Apollo Vaporizers Inc. 21.4.4.1. Overview 21.4.4.2. Product Portfolio 21.4.4.3. Sales Footprint 21.4.4.4. Strategy Overview. 21.4.5. KandyPens, Inc. 21.4.5.1. Overview 21.4.5.2. Product Portfolio 21.4.5.3. Sales Footprint 21.4.5.4. Strategy Overview. 21.4.6. SLANG Worldwide Inc. 21.4.6.1. Overview 21.4.6.2. Product Portfolio 21.4.6.3. Sales Footprint 21.4.6.4. Strategy Overview. 21.4.7. DaVinci, 21.4.7.1. Overview 21.4.7.2. Product Portfolio 21.4.7.3. Sales Footprint 21.4.7.4. Strategy Overview. 21.4.8. Ghost Herbal Concepts Ltd. 21.4.8.1. Overview 21.4.8.2. Product Portfolio 21.4.8.3. Sales Footprint 21.4.8.4. Strategy Overview. 21.4.9. Grenco Science 21.4.9.1. Overview 21.4.9.2. Product Portfolio 21.4.9.3. Sales Footprint 21.4.9.4. Strategy Overview. 21.4.10. Boundless Technology LLC 21.4.10.1. Overview 21.4.10.2. Product Portfolio 21.4.10.3. Sales Footprint 21.4.10.4. Strategy Overview. 22. Assumptions and Acronyms Used 23. Research Methodology “This detailed table of contents prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”
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List Of Table
Table 1: Global Cannabis Vaporizers Market, Volume Size and Forecast, By Type, Thousand Units, 2021-2031
Table 2: Global Cannabis Vaporizers Market, Value Size and Forecast, By Type, US$ Million, 2021-2031
Table 3: Global Cannabis Vaporizers Market, Volume Size and Forecast, By Heating Method, Thousand Units, 2021-2031
Table 4: Global Cannabis Vaporizers Market, Value Size and Forecast, By Heating Method, US$ Million, 2021-2031
Table 5: Global Cannabis Vaporizers Market, Volume Size and Forecast, By Ingredients, Thousand Units, 2021-2031
Table 6: Global Cannabis Vaporizers Market, Value Size and Forecast, By Ingredients, US$ Million, 2021-2031
Table 7: Global Cannabis Vaporizers Market, Volume Size and Forecast, By Usage, Thousand Units, 2021-2031
Table 8: Global Cannabis Vaporizers Market, Value Size and Forecast, By Usage, US$ Million, 2021-2031
Table 9: Global Cannabis Vaporizers Market, Volume Size and Forecast, By Distribution Channel, Thousand Units, 2021-2031
Table 10: Global Cannabis Vaporizers Market, Value Size and Forecast, By Distribution Channel, US$ Million, 2021-2031
Table 11: Global Cannabis Vaporizers Market, Volume Size and Forecast, By Region, Thousand Units, 2021-2031
Table 12: Global Cannabis Vaporizers Market, Value Size and Forecast, By Region, US$ Million, 2021-2031
Table 13: North America Cannabis Vaporizers Market, Volume Size and Forecast, By Type, Thousand Units, 2021-2031
Table 14: North America Cannabis Vaporizers Market, Value Size and Forecast, By Type, US$ Million, 2021-2031
Table 15: North America Cannabis Vaporizers Market, Volume Size and Forecast, By Heating Method, Thousand Units, 2021-2031
Table 16: North America Cannabis Vaporizers Market, Value Size and Forecast, By Heating Method, US$ Million, 2021-2031
Table 17: North America Cannabis Vaporizers Market, Volume Size and Forecast, By Ingredients, Thousand Units, 2021-2031
Table 18: North America Cannabis Vaporizers Market, Value Size and Forecast, By Ingredients, US$ Million, 2021-2031
Table 19: North America Cannabis Vaporizers Market, Volume Size and Forecast, By Usage, Thousand Units, 2021-2031
Table 20: North America Cannabis Vaporizers Market, Value Size and Forecast, By Usage, US$ Million, 2021-2031
Table 21: North America Cannabis Vaporizers Market, Volume Size and Forecast, By Distribution Channel, Thousand Units, 2021-2031
Table 22: North America Cannabis Vaporizers Market, Value Size and Forecast, By Distribution Channel, US$ Million, 2021-2031
Table 23: North America Cannabis Vaporizers Market, Volume Size and Forecast, By Country, Thousand Units, 2021-2031
Table 24: North America Cannabis Vaporizers Market, Value Size and Forecast, By Country, US$ Million, 2021-2031
Table 25: U.S. Cannabis Vaporizers Market, Volume Size and Forecast, By Type, Thousand Units, 2021-2031
Table 26: U.S. Cannabis Vaporizers Market, Value Size and Forecast, By Type, US$ Million, 2021-2031
Table 27: U.S. Cannabis Vaporizers Market, Volume Size and Forecast, By Heating Method, Thousand Units, 2021-2031
Table 28: U.S. Cannabis Vaporizers Market, Value Size and Forecast, By Heating Method, US$ Million, 2021-2031
Table 29: U.S. Cannabis Vaporizers Market, Volume Size and Forecast, By Ingredients, Thousand Units, 2021-2031
Table 30: U.S. Cannabis Vaporizers Market, Value Size and Forecast, By Ingredients, US$ Million, 2021-2031
Table 31: U.S. Cannabis Vaporizers Market, Volume Size and Forecast, By Usage, Thousand Units, 2021-2031
Table 32: U.S. Cannabis Vaporizers Market, Value Size and Forecast, By Usage, US$ Million, 2021-2031
Table 33: U.S. Cannabis Vaporizers Market, Volume Size and Forecast, By Distribution Channel, Thousand Units, 2021-2031
Table 34: U.S. Cannabis Vaporizers Market, Value Size and Forecast, By Distribution Channel, US$ Million, 2021-2031
Table 35: Europe Cannabis Vaporizers Market, Volume Size and Forecast, By Type, Thousand Units, 2021-2031
Table 36: Europe Cannabis Vaporizers Market, Value Size and Forecast, By Type, US$ Million, 2021-2031
Table 37: Europe Cannabis Vaporizers Market, Volume Size and Forecast, By Heating Method, Thousand Units, 2021-2031
Table 38: Europe Cannabis Vaporizers Market, Value Size and Forecast, By Heating Method, US$ Million, 2021-2031
Table 39: Europe Cannabis Vaporizers Market, Volume Size and Forecast, By Ingredients, Thousand Units, 2021-2031
Table 40: Europe Cannabis Vaporizers Market, Value Size and Forecast, By Ingredients, US$ Million, 2021-2031
Table 41: Europe Cannabis Vaporizers Market, Volume Size and Forecast, By Usage, Thousand Units, 2021-2031
Table 42: Europe Cannabis Vaporizers Market, Value Size and Forecast, By Usage, US$ Million, 2021-2031
Table 43: Europe Cannabis Vaporizers Market, Volume Size and Forecast, By Distribution Channel, Thousand Units, 2021-2031
Table 44: Europe Cannabis Vaporizers Market, Value Size and Forecast, By Distribution Channel, US$ Million, 2021-2031
Table 45: Europe Cannabis Vaporizers Market, Volume Size and Forecast, By Country, Thousand Units, 2021-2031
Table 46: Europe Cannabis Vaporizers Market, Value Size and Forecast, By Country, US$ Million, 2021-2031
Table 47: Asia Pacific Cannabis Vaporizers Market, Volume Size and Forecast, By Type, Thousand Units, 2021-2031
Table 48: Asia Pacific Cannabis Vaporizers Market, Value Size and Forecast, By Type, US$ Million, 2021-2031
Table 49: Asia Pacific Cannabis Vaporizers Market, Volume Size and Forecast, By Heating Method, Thousand Units, 2021-2031
Table 50: Asia Pacific Cannabis Vaporizers Market, Value Size and Forecast, By Heating Method, US$ Million, 2021-2031
Table 51: Asia Pacific Cannabis Vaporizers Market, Volume Size and Forecast, By Ingredients, Thousand Units, 2021-2031
Table 52: Asia Pacific Cannabis Vaporizers Market, Value Size and Forecast, By Ingredients, US$ Million, 2021-2031
Table 53: Asia Pacific Cannabis Vaporizers Market, Volume Size and Forecast, By Usage, Thousand Units, 2021-2031
Table 54: Asia Pacific Cannabis Vaporizers Market, Value Size and Forecast, By Usage, US$ Million, 2021-2031
Table 55: Asia Pacific Cannabis Vaporizers Market, Volume Size and Forecast, By Distribution Channel, Thousand Units, 2021-2031
Table 56: Asia Pacific Cannabis Vaporizers Market, Value Size and Forecast, By Distribution Channel, US$ Million, 2021-2031
Table 57: Asia Pacific Cannabis Vaporizers Market, Volume Size and Forecast, By Country, Thousand Units, 2021-2031
Table 58: Asia Pacific Cannabis Vaporizers Market, Value Size and Forecast, By Country, US$ Million, 2021-2031
Table 59: Middle East & Africa Cannabis Vaporizers Market, Volume Size and Forecast, By Type, Thousand Units, 2021-2031
Table 60: Middle East & Africa Cannabis Vaporizers Market, Value Size and Forecast, By Type, US$ Million, 2021-2031
Table 61: Middle East & Africa Cannabis Vaporizers Market, Volume Size and Forecast, By Heating Method, Thousand Units, 2021-2031
Table 62: Middle East & Africa Cannabis Vaporizers Market, Value Size and Forecast, By Heating Method, US$ Million, 2021-2031
Table 63: Middle East & Africa Cannabis Vaporizers Market, Volume Size and Forecast, By Ingredients, Thousand Units, 2021-2031
Table 64: Middle East & Africa Cannabis Vaporizers Market, Value Size and Forecast, By Ingredients, US$ Million, 2021-2031
Table 65: Middle East & Africa Cannabis Vaporizers Market, Volume Size and Forecast, By Usage, Thousand Units, 2021-2031
Table 66: Middle East & Africa Cannabis Vaporizers Market, Value Size and Forecast, By Usage, US$ Million, 2021-2031
Table 67: Middle East & Africa Cannabis Vaporizers Market, Volume Size and Forecast, By Distribution Channel, Thousand Units, 2021-2031
Table 68: Middle East & Africa Cannabis Vaporizers Market, Value Size and Forecast, By Distribution Channel, US$ Million, 2021-2031
Table 69: Middle East & Africa Cannabis Vaporizers Market, Volume Size and Forecast, By Country, Thousand Units, 2021-2031
Table 70: Middle East & Africa Cannabis Vaporizers Market, Value Size and Forecast, By Country, US$ Million, 2021-2031
Table 71: South America Cannabis Vaporizers Market, Volume Size and Forecast, By Type, Thousand Units, 2021-2031
Table 72: South America Cannabis Vaporizers Market, Value Size and Forecast, By Type, US$ Million, 2021-2031
Table 73: South America Cannabis Vaporizers Market, Volume Size and Forecast, By Heating Method, Thousand Units, 2021-2031
Table 74: South America Cannabis Vaporizers Market, Value Size and Forecast, By Heating Method, US$ Million, 2021-2031
Table 75: South America Cannabis Vaporizers Market, Volume Size and Forecast, By Ingredients, Thousand Units, 2021-2031
Table 76: South America Cannabis Vaporizers Market, Value Size and Forecast, By Ingredients, US$ Million, 2021-2031
Table 77: South America Cannabis Vaporizers Market, Volume Size and Forecast, By Usage, Thousand Units, 2021-2031
Table 78: South America Cannabis Vaporizers Market, Value Size and Forecast, By Usage, US$ Million, 2021-2031
Table 79: South America Cannabis Vaporizers Market, Volume Size and Forecast, By Distribution Channel, Thousand Units, 2021-2031
Table 80: South America Cannabis Vaporizers Market, Value Size and Forecast, By Distribution Channel, US$ Million, 2021-2031
Table 81: South America Cannabis Vaporizers Market, Volume Size and Forecast, By Country, Thousand Units, 2021-2031
Table 82: South America Cannabis Vaporizers Market, Value Size and Forecast, By Country, US$ Million, 2021 – 2031
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List Of Figures
Figure 1: Global Cannabis Vaporizers Market, Volume Size and Forecast, By Type, Thousand Units, 2021-2031
Figure 2: Global Cannabis Vaporizers Market, Value Size and Forecast, By Type, US$ Million, 2021-2031
Figure 3: Global Cannabis Vaporizers Market, Incremental Opportunity, By Type, US$ Million, 2021-2031
Figure 4: Global Cannabis Vaporizers Market, Volume Size and Forecast, By Heating Method, Thousand Units, 2021-2031
Figure 5: Global Cannabis Vaporizers Market, Value Size and Forecast, By Heating Method, US$ Million, 2021-2031
Figure 6: Global Cannabis Vaporizers Market, Incremental Opportunity, By Heating Method, US$ Million, 2021-2031
Figure 7: Global Cannabis Vaporizers Market, Volume Size and Forecast, By Ingredients, Thousand Units, 2021-2031
Figure 8: Global Cannabis Vaporizers Market, Value Size and Forecast, By Ingredients, US$ Million, 2021-2031
Figure 9: Global Cannabis Vaporizers Market, Incremental Opportunity, By Ingredients, US$ Million, 2021-2031
Figure 10: Global Cannabis Vaporizers Market, Volume Size and Forecast, By Usage, Thousand Units, 2021-2031
Figure 11: Global Cannabis Vaporizers Market, Value Size and Forecast, By Usage, US$ Million, 2021-2031
Figure 12: Global Cannabis Vaporizers Market, Incremental Opportunity, By Usage, US$ Million, 2021-2031
Figure 13: Global Cannabis Vaporizers Market, Volume Size and Forecast, By Distribution Channel, Thousand Units, 2021-2031
Figure 14: Global Cannabis Vaporizers Market, Value Size and Forecast, By Distribution Channel, US$ Million, 2021-2031
Figure 15: Global Cannabis Vaporizers Market, Incremental Opportunity, By Distribution Channel, US$ Million, 2021-2031
Figure 16: Global Cannabis Vaporizers Market, Volume Size and Forecast, By Region, Thousand Units, 2021-2031
Figure 17: Global Cannabis Vaporizers Market, Value Size and Forecast, By Region, US$ Million, 2021-2031
Figure 18: Global Cannabis Vaporizers Market, Incremental Opportunity, By Region, US$ Million, 2021-2031
Figure 19: North America Cannabis Vaporizers Market, Volume Size and Forecast, By Type, Thousand Units, 2021-2031
Figure 20: North America Cannabis Vaporizers Market, Value Size and Forecast, By Type, US$ Million, 2021-2031
Figure 21: North America Cannabis Vaporizers Market, Incremental Opportunity, By Type, US$ Million, 2021-2031
Figure 22: North America Cannabis Vaporizers Market, Volume Size and Forecast, By Heating Method, Thousand Units, 2021-2031
Figure 23: North America Cannabis Vaporizers Market, Value Size and Forecast, By Heating Method, US$ Million, 2021-2031
Figure 24: North America Cannabis Vaporizers Market, Incremental Opportunity, By Heating Method, US$ Million, 2021-2031
Figure 25: North America Cannabis Vaporizers Market, Volume Size and Forecast, By Ingredients, Thousand Units, 2021-2031
Figure 26: North America Cannabis Vaporizers Market, Value Size and Forecast, By Ingredients, US$ Million, 2021-2031
Figure 27: North America Cannabis Vaporizers Market, Incremental Opportunity, By Ingredients, US$ Million, 2021-2031
Figure 28: North America Cannabis Vaporizers Market, Volume Size and Forecast, By Usage, Thousand Units, 2021-2031
Figure 29: North America Cannabis Vaporizers Market, Value Size and Forecast, By Usage, US$ Million, 2021-2031
Figure 30: North America Cannabis Vaporizers Market, Incremental Opportunity, By Usage, US$ Million, 2021-2031
Figure 31: North America Cannabis Vaporizers Market, Volume Size and Forecast, By Distribution Channel, Thousand Units, 2021-2031
Figure 32: North America Cannabis Vaporizers Market, Value Size and Forecast, By Distribution Channel, US$ Million, 2021-2031
Figure 33: North America Cannabis Vaporizers Market, Incremental Opportunity, By Distribution Channel, US$ Million, 2021-2031
Figure 34: North America Cannabis Vaporizers Market, Volume Size and Forecast, By Country, Thousand Units, 2021-2031
Figure 35: North America Cannabis Vaporizers Market, Value Size and Forecast, By Country, US$ Million, 2021-2031
Figure 36: North America Cannabis Vaporizers Market, Incremental Opportunity, By Country, US$ Million, 2021-2031
Figure 37: U.S. Cannabis Vaporizers Market, Volume Size and Forecast, By Type, Thousand Units, 2021-2031
Figure 38: U.S. Cannabis Vaporizers Market, Value Size and Forecast, By Type, US$ Million, 2021-2031
Figure 39: U.S. Cannabis Vaporizers Market, Incremental Opportunity, By Type, US$ Million, 2021-2031
Figure 40: U.S. Cannabis Vaporizers Market, Volume Size and Forecast, By Heating Method, Thousand Units, 2021-2031
Figure 41: U.S. Cannabis Vaporizers Market, Value Size and Forecast, By Heating Method, US$ Million, 2021-2031
Figure 42: U.S. Cannabis Vaporizers Market, Incremental Opportunity, By Heating Method, US$ Million, 2021-2031
Figure 43: U.S. Cannabis Vaporizers Market, Volume Size and Forecast, By Ingredients, Thousand Units, 2021-2031
Figure 44: U.S. Cannabis Vaporizers Market, Value Size and Forecast, By Ingredients, US$ Million, 2021-2031
Figure 45: U.S. Cannabis Vaporizers Market, Incremental Opportunity, By Ingredients, US$ Million, 2021-2031
Figure 46: U.S. Cannabis Vaporizers Market, Volume Size and Forecast, By Usage, Thousand Units, 2021-2031
Figure 47: U.S. Cannabis Vaporizers Market, Value Size and Forecast, By Usage, US$ Million, 2021-2031
Figure 48: U.S. Cannabis Vaporizers Market, Incremental Opportunity, By Usage, US$ Million, 2021-2031
Figure 49: U.S. Cannabis Vaporizers Market, Volume Size and Forecast, By Distribution Channel, Thousand Units, 2021-2031
Figure 50: U.S. Cannabis Vaporizers Market, Value Size and Forecast, By Distribution Channel, US$ Million, 2021-2031
Figure 51: U.S. Cannabis Vaporizers Market, Incremental Opportunity, By Distribution Channel, US$ Million, 2021-2031
Figure 52: Europe Cannabis Vaporizers Market, Volume Size and Forecast, By Type, Thousand Units, 2021-2031
Figure 53: Europe Cannabis Vaporizers Market, Value Size and Forecast, By Type, US$ Million, 2021-2031
Figure 54: Europe Cannabis Vaporizers Market, Incremental Opportunity, By Type, US$ Million, 2021-2031
Figure 55: Europe Cannabis Vaporizers Market, Volume Size and Forecast, By Heating Method, Thousand Units, 2021-2031
Figure 56: Europe Cannabis Vaporizers Market, Value Size and Forecast, By Heating Method, US$ Million, 2021-2031
Figure 57: Europe Cannabis Vaporizers Market, Incremental Opportunity, By Heating Method, US$ Million, 2021-2031
Figure 58: Europe Cannabis Vaporizers Market, Volume Size and Forecast, By Ingredients, Thousand Units, 2021-2031
Figure 59: Europe Cannabis Vaporizers Market, Value Size and Forecast, By Ingredients, US$ Million, 2021-2031
Figure 60: Europe Cannabis Vaporizers Market, Incremental Opportunity, By Ingredients, US$ Million, 2021-2031
Figure 61: Europe Cannabis Vaporizers Market, Volume Size and Forecast, By Usage, Thousand Units, 2021-2031
Figure 62: Europe Cannabis Vaporizers Market, Value Size and Forecast, By Usage, US$ Million, 2021-2031
Figure 63: Europe Cannabis Vaporizers Market, Incremental Opportunity, By Usage, US$ Million, 2021-2031
Figure 64: Europe Cannabis Vaporizers Market, Volume Size and Forecast, By Distribution Channel, Thousand Units, 2021-2031
Figure 65: Europe Cannabis Vaporizers Market, Value Size and Forecast, By Distribution Channel, US$ Million, 2021-2031
Figure 66: Europe Cannabis Vaporizers Market, Incremental Opportunity, By Distribution Channel, US$ Million, 2021-2031
Figure 67: Europe Cannabis Vaporizers Market, Volume Size and Forecast, By Country, Thousand Units, 2021-2031
Figure 68: Europe Cannabis Vaporizers Market, Value Size and Forecast, By Country, US$ Million, 2021-2031
Figure 69: Europe Cannabis Vaporizers Market, Incremental Opportunity, By Country, US$ Million, 2021-2031
Figure 70: Asia Pacific Cannabis Vaporizers Market, Volume Size and Forecast, By Type, Thousand Units, 2021-2031
Figure 71: Asia Pacific Cannabis Vaporizers Market, Value Size and Forecast, By Type, US$ Million, 2021-2031
Figure 72: Asia Pacific Cannabis Vaporizers Market, Incremental Opportunity, By Type, US$ Million, 2021-2031
Figure 73: Asia Pacific Cannabis Vaporizers Market, Volume Size and Forecast, By Heating Method, Thousand Units, 2021-2031
Figure 74: Asia Pacific Cannabis Vaporizers Market, Value Size and Forecast, By Heating Method, US$ Million, 2021-2031
Figure 75: Asia Pacific Cannabis Vaporizers Market, Incremental Opportunity, By Heating Method, US$ Million, 2021-2031
Figure 76: Asia Pacific Cannabis Vaporizers Market, Volume Size and Forecast, By Ingredients, Thousand Units, 2021-2031
Figure 77: Asia Pacific Cannabis Vaporizers Market, Value Size and Forecast, By Ingredients, US$ Million, 2021-2031
Figure 78: Asia Pacific Cannabis Vaporizers Market, Incremental Opportunity, By Ingredients, US$ Million, 2021-2031
Figure 79: Asia Pacific Cannabis Vaporizers Market, Volume Size and Forecast, By Usage, Thousand Units, 2021-2031
Figure 80: Asia Pacific Cannabis Vaporizers Market, Value Size and Forecast, By Usage, US$ Million, 2021-2031
Figure 81: Asia Pacific Cannabis Vaporizers Market, Incremental Opportunity, By Usage, US$ Million, 2021-2031
Figure 82: Asia Pacific Cannabis Vaporizers Market, Volume Size and Forecast, By Distribution Channel, Thousand Units, 2021-2031
Figure 83: Asia Pacific Cannabis Vaporizers Market, Value Size and Forecast, By Distribution Channel, US$ Million, 2021-2031
Figure 84: Asia Pacific Cannabis Vaporizers Market, Incremental Opportunity, By Distribution Channel, US$ Million, 2021-2031
Figure 85: Asia Pacific Cannabis Vaporizers Market, Volume Size and Forecast, By Country, Thousand Units, 2021-2031
Figure 86: Asia Pacific Cannabis Vaporizers Market, Value Size and Forecast, By Country, US$ Million, 2021-2031
Figure 87: Asia Pacific Cannabis Vaporizers Market, Incremental Opportunity, By Country, US$ Million, 2021-2031
Figure 88: Middle East & Africa Cannabis Vaporizers Market, Volume Size and Forecast, By Type, Thousand Units, 2021-2031
Figure 89: Middle East & Africa Cannabis Vaporizers Market, Value Size and Forecast, By Type, US$ Million, 2021-2031
Figure 90: Middle East & Africa Cannabis Vaporizers Market, Incremental Opportunity, By Type, US$ Million, 2021-2031
Figure 91: Middle East & Africa Cannabis Vaporizers Market, Volume Size and Forecast, By Heating Method, Thousand Units, 2021-2031
Figure 92: Middle East & Africa Cannabis Vaporizers Market, Value Size and Forecast, By Heating Method, US$ Million, 2021-2031
Figure 93: Middle East & Africa Cannabis Vaporizers Market, Incremental Opportunity, By Heating Method, US$ Million, 2021-2031
Figure 94: Middle East & Africa Cannabis Vaporizers Market, Volume Size and Forecast, By Ingredients, Thousand Units, 2021-2031
Figure 95: Middle East & Africa Cannabis Vaporizers Market, Value Size and Forecast, By Ingredients, US$ Million, 2021-2031
Figure 96: Middle East & Africa Cannabis Vaporizers Market, Incremental Opportunity, By Ingredients, US$ Million, 2021-2031
Figure 97: Middle East & Africa Cannabis Vaporizers Market, Volume Size and Forecast, By Usage, Thousand Units, 2021-2031
Figure 98: Middle East & Africa Cannabis Vaporizers Market, Value Size and Forecast, By Usage, US$ Million, 2021-2031
Figure 99: Middle East & Africa Cannabis Vaporizers Market, Incremental Opportunity, By Usage, US$ Million, 2021-2031
Figure 100: Middle East & Africa Cannabis Vaporizers Market, Volume Size and Forecast, By Distribution Channel, Thousand Units, 2021-2031
Figure 101: Middle East & Africa Cannabis Vaporizers Market, Value Size and Forecast, By Distribution Channel, US$ Million, 2021-2031
Figure 102: Middle East & Africa Cannabis Vaporizers Market, Incremental Opportunity, By Distribution Channel, US$ Million, 2021-2031
Figure 103: Middle East & Africa Cannabis Vaporizers Market, Volume Size and Forecast, By Country, Thousand Units, 2021-2031
Figure 104: Middle East & Africa Cannabis Vaporizers Market, Value Size and Forecast, By Country, US$ Million, 2021-2031
Figure 105: Middle East & Africa Cannabis Vaporizers Market, Incremental Opportunity, By Country, US$ Million, 2021-2031
Figure 106: South America Cannabis Vaporizers Market, Volume Size and Forecast, By Type, Thousand Units, 2021-2031
Figure 107: South America Cannabis Vaporizers Market, Value Size and Forecast, By Type, US$ Million, 2021-2031
Figure 108: South America Cannabis Vaporizers Market, Incremental Opportunity, By Type, US$ Million, 2021-2031
Figure 109: South America Cannabis Vaporizers Market, Volume Size and Forecast, By Heating Method, Thousand Units, 2021-2031
Figure 110: South America Cannabis Vaporizers Market, Value Size and Forecast, By Heating Method, US$ Million, 2021-2031
Figure 111: South America Cannabis Vaporizers Market, Incremental Opportunity, By Heating Method, US$ Million, 2021-2031
Figure 112: South America Cannabis Vaporizers Market, Volume Size and Forecast, By Ingredients, Thousand Units, 2021-2031
Figure 113: South America Cannabis Vaporizers Market, Value Size and Forecast, By Ingredients, US$ Million, 2021-2031
Figure 114: South America Cannabis Vaporizers Market, Incremental Opportunity, By Ingredients, US$ Million, 2021-2031
Figure 115: South America Cannabis Vaporizers Market, Volume Size and Forecast, By Usage, Thousand Units, 2021-2031
Figure 116: South America Cannabis Vaporizers Market, Value Size and Forecast, By Usage, US$ Million, 2021-2031
Figure 117: South America Cannabis Vaporizers Market, Incremental Opportunity, By Usage, US$ Million, 2021-2031
Figure 118: South America Cannabis Vaporizers Market, Volume Size and Forecast, By Distribution Channel, Thousand Units, 2021-2031
Figure 119: South America Cannabis Vaporizers Market, Value Size and Forecast, By Distribution Channel, US$ Million, 2021-2031
Figure 120: South America Cannabis Vaporizers Market, Incremental Opportunity, By Distribution Channel, US$ Million, 2021-2031
Figure 121: South America Cannabis Vaporizers Market, Volume Size and Forecast, By Country, Thousand Units, 2021-2031
Figure 122: South America Cannabis Vaporizers Market, Value Size and Forecast, By Country, US$ Million, 2021-2031
Figure 123: South America Cannabis Vaporizers Market, Incremental Opportunity, By Country, US$ Million, 2021-2031
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- FAQs -
How much revenue will the cannabis vape market generate by the end of the forecast period?
The global market is projected to generate US$ 21 Bn, expanding at a CAGR of close to 17% by 2031. However, market growth will strictly depend on regional policies across regions.
What type of cannabis vaporizer is likely to gain maximum market share by 2031?
Portable cannabis vaporizers are set to hold a major part of the market share, growing at a CAGR of over 17%, while based on heating method, conduction vaporizers are projected to be at the top at a CAGR of 16.5%.
What regions currently contributes the maximum share to the overall market?
North America currently contributes the maximum share to the overall market. The market share of the North American region in 2020 was 49.2%, owing to new advancements in technologies and legalizing of cannabis in several U.S. states.
What are the indicators expected to drive sales of cannabis vaporizers?
De-criminalization of cannabis consumption by many countries for recreational purposes is a major factor that will drive demand for cannabis vaporizers. Moreover, new advancements in portable cannabis vaporizers such as temperature control and battery<
Which region is likely to be a lucrative market during the forecast period?
Europe is projected as an emerging and lucrative market for the forecast period of 2021-2031. In most European countries, consumption of cannabis for medicinal purposes is considered legal, which is projected to drive market growth across Europe.
What are the essential strategies incorporated by key stakeholders to expand their geographical presence?
Key stakeholders are opting for organic growth strategies such as innovation, product launches, and product upgradation. Since online mode of distribution accounts for 55% of the total distribution in the cannabis vaporizer market, stakeholders are inc
What are the major advancements witnessed in the global market?
Manufacturers are investing in innovations such as temperature control, battery levels check using an application, consumption check, etc. Additionally, online mode has become a prominent channel for distribution and accounts for 55% of the total marke