Handheld Marijuana Vaporizer Market Forecast
Regional Forecast:
North America (U.S., Canada):
- The North American market for handheld marijuana vaporizers is expected to experience robust growth, driven by the increasing legalization of marijuana across various states in the U.S. and Canada.
- The U.S. market is expected to dominate the region, with key players such as Pax Labs, Storz & Bickel, and Grenco Science leading the market with their innovative product offerings.
Largest Region
North America
USD 3.2 Billion in 2023
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- Canadian market is also expected to witness significant growth, with the legalization of marijuana for recreational use in 2018 further driving demand for handheld vaporizers.
Asia Pacific (China, Japan, South Korea):
- The Asia Pacific market for handheld marijuana vaporizers is relatively nascent, but expected to witness rapid growth in the coming years.
- China is a key market in the region, with a large population of marijuana users and increasing acceptance of vaporizers as a healthier alternative to smoking.
- Japan and South Korea are also emerging markets for handheld vaporizers, with growing awareness about the benefits of vaporizing marijuana over traditional smoking methods.
Europe (United Kingdom, Germany, France):
- The European market for handheld marijuana vaporizers is expected to see steady growth, with increasing liberalization of marijuana laws across key countries in the region.
- The United Kingdom is expected to be a key market in Europe, with a large number of medical marijuana users driving demand for handheld vaporizers.
- Germany and France are also expected to witness significant growth, as they continue to expand their medical marijuana programs and consumers increasingly opt for vaporizers as a discreet and convenient way to consume marijuana.
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