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The global dry herb cannabis vaporizers market was valued at USD 2.58 billion in 2023 and is estimated to grow at a CAGR of over 14.6% from 2024 to 2032. The global market for dry herb cannabis vaporizers is expanding due to the increasing legalization of cannabis for medical and recreational use.
By 2024, 38 states, 3 territories, and the District of Columbia have legalized medical cannabis, while 23 states permit recreational use, according to the National Conference of State Legislatures (NCSL). This legal shift promotes responsible usage and highlights cannabis's therapeutic benefits, driving interest in healthier consumption methods like vaporizers. As a result, the vaporizer market is seeing increased product variety and innovation, with manufacturers adapting to changing consumer preferences, thus fueling market growth.
Additionally, the dry herb cannabis vaporizers market is growing due to the rise in chronic diseases. More individuals are using cannabis for its therapeutic benefits in managing chronic pain, anxiety, depression, and inflammation. Vaporizers provide a healthier consumption method than smoking, reducing exposure to harmful byproducts.
Major players in the industry include Apollo Airvape, Arizer, Boundless Technology, DaVinci Vaporizer, DynaVap, Flowermate, Grenco Science, Healthy Rips, and KandyPens.
The European market generated USD 900 million in 2023, driven by the legalization of cannabis for medical use in several countries and the rising prevalence of conditions like anxiety and depression.
Portable dry herb cannabis vaporizers accounted for a significant market share in 2023, generating USD 1.93 billion, driven by their convenience, mobility, and compact design.
The global market size for dry herb cannabis vaporizers was valued at USD 2.58 billion in 2023 and is expected to reach USD 8.79 billion by 2032, driven by a CAGR of over 14.6% from 2024 to 2032.