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Published: Aug, 2019 | Pages:
80 | Publisher: Grand View Research
Industry: Consumer Goods | Report Format: Electronic (PDF)
The global vape cartridge market size is expected to reach USD 2.2 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 21.4% over the forecast period. Rising importance of vape cartridge as a tobacco alterative is expected to have a positive impact on the market growth. Vape cartridges are considered to be less harmful than the conventional tobacco cigarettes. These products do not contain tar and ash, which paves the way for the consumers to prefer them over conventional cigarettes. The buyers can customize their daily nicotine intake by changing the airflow, power output, and coil type of the cartridge. Furthermore, the product is considered to be environment friendly and it does not release smell. The glass products are expected to expand at the fastest CAGR of 22.8% from 2019 to 2025. The consumers are expected to use these products as an alternative to conventional plastics over the forecast period. Furthermore, glass vape cartridges are hassle free way to smoke and they provide various features including adjustable nicotine level and less smoke. Offline channel generated a revenue of USD 447.9 million in 2018. These channels offer a wide range of products of local and established manufacturers under a single platform. Furthermore, offline channels, particularly supermarkets offer various add-on benefits including try and buy options, membership plans for the customers, and attractive warranty plans to the consumers. These features play a vital role in ensuring the better retention of customer relationships with offline channels. Asia Pacific is expected to be the fastest growing region with a CAGR of 26.2% from 2019 to 2025. Major consumers of vape cartridge in Asia Pacific are Malaysia, Japan, China, and South Korea. Increased consumer spending on healthy lifestyle products, coupled with implementation of various government campaigns on the hazardous effects of tobacco, is driving people to purchase these products as an alternative to conventional tobacco products. Some of the key players operating in this market are HONEY; The Bloom Brand; BRITE LABS; Arbor Pacific Inc.; Airo Vapo; Cura CS; Evolab; Orchid Essentials; Loudpack; and Eel River Family Farm. Companies from different industries are entering this market by understanding the market growth. For instance, in March 2019, consumer packaging company "CaniBrands" signed up partnership with "Sonder" to enter into this market. Further key findings from the report suggest: • By product, plastic generated a revenue of USD 312.4 million in 2018 due to its low cost and easy availability through offline and online stores. Glass is expected to expand at a CAGR of 22.8% from 2019 to 2025 owing to its ability to provide pure aroma of flavors • The offline segment generated a revenue of USD 447.9 million in 2018. Online channel is the fastest growing segment with a CAGR of 24.7% from 2019 to 2025 • North America emerged as the largest regional vape cartridge market with a revenue of USD 249.8 million in 2018.
Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR's Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Vape Cartridge Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business Environment Analysis
3.5.1. Industry Analysis - Porter's
3.5.1.1. Supplier Power
3.5.1.2. Buyer Power
3.5.1.3. Substitution Threat
3.5.1.4. Threat from New Entrant
3.5.1.5. Competitive Rivalry
3.6. Roadmap of Vape Cartridge Market
3.7. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Product Adoption
4.4. Observations & Recommendations
Chapter 5. Vape Cartridge Market: Product Estimates & Trend Analysis
5.1. Product Movement Analysis & Market Share, 2018 & 2025
5.2. Plastic
5.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
5.3. Glass
5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
5.4. Metal
5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 6. Vape Cartridge Market: Distribution Channel Estimates & Trend Analysis
6.1. Distribution Channel Movement Analysis & Market Share, 2018 & 2025
6.2. Online
6.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
6.3. Offline
6.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 7. Vape Cartridge Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2018 & 2025
7.2. North America
7.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
7.2.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
7.2.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
7.2.4. U.S.
7.2.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
7.2.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
7.2.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
7.2.5. Canada
7.2.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
7.2.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
7.2.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
7.3. Europe
7.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
7.3.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
7.3.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million))
7.3.4. U.K.
7.3.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
7.3.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
7.3.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
7.3.5. Germany
7.3.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
7.3.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
7.3.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
7.4. Asia Pacific
7.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
7.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
7.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
7.4.4. China
7.4.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
7.4.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
7.4.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
7.4.5. Japan
7.4.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
7.4.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
7.4.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
7.5. Central & South America
7.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
7.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
7.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
7.5.4. Brazil
7.5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
7.5.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
7.5.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
7.6. Middle East & Africa (MEA)
7.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
7.6.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
7.6.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
7.6.4. South Africa
7.6.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
7.6.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
7.6.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
Chapter 8. Competitive Analysis
8.1. Key global players, recent developments & their impact on the industry
8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
8.3. Vendor Landscape
8.3.1. Key company market share analysis, 2018
Chapter 9. Company Profiles
9.1. HONEY
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Strategic Initiatives
9.2. The Bloom Brand
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Strategic Initiatives
9.3. BRITE LABS
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Strategic Initiatives
9.4. Arbor Pacific Inc.
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Strategic Initiatives
9.5. Airo Vapor
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Strategic Initiatives
9.6. Cura CS
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Strategic Initiatives
9.7. Evolab
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Strategic Initiatives
9.8. Orchid Essentials
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Strategic Initiatives
9.9. Loudpack
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Strategic Initiatives
9.10. Eel River Family Farm
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Strategic Initiatives
List of Tables 1. Vape Cartridge - Key market driver analysis 2. Vape Cartridge - Key market restraint analysis 3. Global plastic vape cartridge product market estimates and forecast, 2015 - 2025 (USD Million) 4. Global glass vape cartridge product market estimates and forecast, 2015 - 2025 (USD Million) 5. Global metal vape cartridge product market estimates ana forecast, 2015 - 2025 (USD Million) 6. Global vape cartridge market estimates and forecast by online distribution channel, 2015 - 2025 (USD Million) 7. Global vape cartridge market estimates and forecast by offline distribution channel, 2015 - 2025 (USD Million) 8. North America vape cartridge market estimates and forecast, 2015 - 2025 (USD Million) 9. North America vape cartridge market revenue estimates and forecast by product, 2015 - 2025 (USD Million) 10. North America vape cartridge market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million) 11. U.S. vape cartridge market estimates and forecast, 2015 - 2025 (USD Million) 12. U.S. vape cartridge market revenue estimates and forecast by product, 2015 - 2025 (USD Million) 13. U.S. vape cartridge market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million) 14. Canada vape cartridge market estimates and forecast, 2015 - 2025 (USD Million) 15. Canada vape cartridge market revenue estimates and forecast by product, 2015 - 2025 (USD Million) 16. Canada vape cartridge market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million) 17. Europe vape cartridge market estimates and forecast, 2015 - 2025 (USD Million) 18. Europe vape cartridge market revenue estimates and forecast by product, 2015 - 2025 (USD Million) 19. Europe vape cartridge market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million) 20. U.K. vape cartridge market estimates and forecast, 2015 - 2025 (USD Million) 21. U.K. vape cartridge market revenue estimates and forecast by product, 2015 - 2025 (USD Million) 22. U.K. vape cartridge market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million) 23. Germany vape cartridge market estimates and forecast, 2015 - 2025 (USD Million) 24. Germany vape cartridge market revenue estimates and forecast by product, 2015 - 2025 (USD Million) 25. Germany vape cartridge market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million) 26. Asia Pacific vape cartridge market estimates and forecast, 2015 - 2025 (USD Million) 27. Asia Pacific vape cartridge market revenue estimates and forecast by product, 2015 - 2025 (USD Million) 28. Asia Pacific vape cartridge market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million) 29. China vape cartridge market estimates and forecast, 2015 - 2025 (USD Million) 30. China vape cartridge market revenue estimates and forecast by product, 2015 - 2025 (USD Million) 31. China vape cartridge market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million) 32. Japan vape cartridge market estimates and forecast, 2015 - 2025 (USD Million) 33. Japan vape cartridge market revenue estimates and forecast by product, 2015 - 2025 (USD Million) 34. Japan vape cartridge market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million) 35. Central & South America vape cartridge market estimates and forecast, 2015 - 2025 (USD Million) 36. Central & South America vape cartridge market revenue estimates and forecast by product, 2015 - 2025 (USD Million) 37. Central & South America vape cartridge market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million) 38. Brazil vape cartridge market estimates and forecast, 2015 - 2025 (USD Million) 39. Brazil vape cartridge market revenue estimates and forecast by product, 2015 - 2025 (USD Million) 40. Brazil vape cartridge market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million) 41. Middle East and Africa vape cartridge market estimates and forecast, 2015 - 2025 (USD Million) 42. Middle East and Africa vape cartridge market revenue estimates and forecast by product, 2015- 2025 (USD Million) 43. Middle East and Africa vape cartridge market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million) 44. South Africa vape cartridge market estimates and forecast, 2015 - 2025 (USD Million) 45. South Africa vape cartridge market revenue estimates and forecast by product, 2015 - 2025 (USD Million) 46. South Africa vape cartridge market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million) 47. Vendor landscape
List of Figures 1. Vape Cartridge market snapshot 2. Vape Cartridge market segmentation & scope 3. Vape Cartridge market penetration & growth prospect mapping 4. Vape Cartridge value chain analysis 5. Vape Cartridge market dynamics 6. Vape Cartridge market Porter's analysis 7. Vape Cartridge market: Product movement analysis 8. Vape Cartridge market: Distribution Channel movement analysis 9. Vape Cartridge market: Regional movement analysis
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