What is a Vape Cartridge?
Vaping has emerged as a viral trend amongst young adults across the globe. People are using vape devices as a substitute for smoking and experiencing the benefits of the potent e-liquid. Any person who wishes to start vaping will need a vaping device and good-quality e-liquid. A vape cartridge is a vital component of a vaping device; it stores vape juice, e-liquid, oils, etc., used in vaping devices. When the atomizer connected with the battery of the vaping device heats up, the liquid in these cartridges converts into vapors which the user inhales. For an excellent vaping experience, a user will need a good-quality vaping device with a high-quality vaping cartridge to store the liquid. There are multiple types of vape cartridges available in the market, from disposable to Pre-filled and Refillable cartridges. All of these are easy to use and very convenient.
Vape Cartridge Market Size, Share & Trends Analysis Report:
Via: https://www.grandviewresearch.com/static/img/research/us-vape-cartridge-market.png
Statistically speaking, 1 in every 20 Americans today uses vaping devices. Additionally, 1 in 3 users vapes daily. Keeping these in mind, the global vaping device/ e-cigarette sales are expected to reach $40 billion by 2023 compared to $15.7 billion in 2018, with an estimated 55 million users worldwide by 2021. Since vaping devices are experiencing a substantial rise in demand and market share, so will the market size and share of vape cartridges. The global market size of vape cartridges was valued at USD 571.1 million in the year 2018. However, with the growing popularity of vaping devices and the fact that they are tested to be safer than smoking a tobacco cigarette, its demand is likely to see a potential increase.
Since vape cartridges allow the users to control the amount of vapors they inhale through the device, users are more likely to invest in them. Additionally, since vape cartridges enable users to experiment with flavors and core ingredients, they are versatile. As far as market share is concerned, North America dominates the vape cartridge market. Americans single-handedly account for around 43.7% share of the overall revenue in 2018. While plastic cartridges are most popular and account for USD 312.4 million in total vape cartridge sales, glass cartridges are also experiencing a sudden boost. They are expected to grow around 22% by 2025. The growing internet of people in vaping, a relatively safe profile, and reusability of vape cartridges are key factors in its growth over the years and will continue to be so in the future.
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