The global vape cartridge products market was valued at USD 2.6 billion in 2022 and is anticipated to expand at a CAGR of 24.3% from 2023 to 2030. The growing trend of vaping has fueled the demand for vaping products, such as cartridges and pods. Vape cartridges are small containers filled with vape juice (e-liquid) that can be inserted into a vaporizer or vape pen. The increasing popularity of vaping as a recreational activity and the growing demand for convenient and disposable vaping solutions are some of the primary drivers of the market.

Furthermore, the demand for vape cartridges has surged due to the growing availability of flavored vape juices. Vape juice manufacturers are introducing new flavors to attract more consumers. For instance, in November 2021, Vapetasia launched a new flavor called Raspberry Mocha, which combines a sweet and tart raspberry flavor with the boldness of roasted mocha.

In addition, the increasing use of vape cartridges among medical patients is further propelling the market growth. Medical marijuana is legal in many countries, and healthcare practitioners are increasingly prescribing it for treating chronic pain, nausea, and muscle spasms. As a result, the demand for vape cartridges is rising.

Moreover, the rising number of collaborations between manufacturers and distributors is supporting the market growth. For instance, in May 2021, PAX Labs, Inc. partnered with Canopy Growth Corporation to expand the distribution of their PAX Era Pro vaporizer and PAX Era Pods in Canada. This will help the company gain a larger customer base.

The increasing demand for vape pens with larger storage capacity and longer battery life is expected to drive the demand for vape cartridges. Manufacturers are launching advanced vape pens with superior battery life and a wide range of features. For instance, in April 2021, G Pen launched the G Pen Elite, a dry-herb vape pen with a large ceramic heating chamber, adjustable temperature settings, and a long battery life.

Additionally, the increasing trend of social media influencers promoting vaping products is further driving the market growth. Influencers are promoting vape cartridges on their social media platforms, which is expected to increase the demand for these products.

The flavored vape cartridges segment led the market and accounted for a share of around 75.2% in 2020. Increasing awareness of the deadly effects of smoking cigarettes and the emergence of various flavors such as mango, menthol, and strawberry are some of the key factors driving the growth of the flavored vape cartridges market. According to an article published by Statista, in 2020, there were around 12.7 million e-cigarette users in the United States alone. Furthermore, rising disposable income among consumers and the growing popularity of vaping are some of the macro-level factors driving the demand for flavored vape cartridges worldwide.

The disposable vape cartridges segment is anticipated to expand at the fastest CAGR of 11.3% over the forecast period. The increasing focus on convenience, portability, and affordability are some of the key factors driving the growth of the disposable vape cartridges market. Additionally, rising disposable income and the availability of various flavors are some of the other factors driving the demand for disposable vape cartridges. According to an article published by the American Vaping Association, in 2020, the average monthly expenditure of e-cigarette users was around $50.

The convenience stores segment is anticipated to expand at the highest CAGR of 11.4% over the forecast period. Convenience stores are increasingly becoming a popular distribution channel for vape cartridges, as they provide easy accessibility, especially in urban areas. Moreover, convenience stores offer a wide variety of smoking alternatives, such as vape cartridges, cigarettes, pipes, and smokeless tobacco, which are easily accessible to consumers. In addition, convenience stores provide a one-stop-shop experience to consumers and also offer various products and services at affordable prices.

The online segment is expected to expand at a considerable CAGR of 8.9% over the forecast period. The increasing trend of online purchasing of vape cartridges has gained immense traction in recent years. This trend has been driven by the growing availability of e-commerce websites and mobile apps that enable consumers to purchase vape cartridges with ease and convenience. Moreover, with the increasing penetration of smartphones, consumers are able to purchase vape cartridges from the comfort of their homes. Furthermore, the availability of discounts and offers on online platforms further boosts the sales of vape cartridges.

The disposable segment accounted for the highest revenue share of 73.2% in the year 2022. The disposable vape cartridge products are convenient, efficient, and user-friendly. This has persuaded consumers to opt for disposable vape cartridges, and this trend is expected to continue in the foreseeable future. Furthermore, with the growth in the vaping industry, there is an increase in the number of people opting for disposable vape cartridge products. Additionally, manufacturers are launching innovative disposable vape cartridge products in the market to satisfy the increasing demand.

The rechargeable segment is anticipated to expand at the highest CAGR of 11.9% over the forecast period. Rechargeable vape cartridges are preferred by the more experienced vapers who prefer to customize their vaping experience. These rechargeable products are more durable and provide more convenience to the users. Additionally, the presence of a wide range of flavors in rechargeable products has encouraged consumers to opt for them. Moreover, the rising disposable income of the people in the developed countries is expected to further propel the market growth of rechargeable vape cartridges in the coming years.

Europe is expected to register the fastest growth in the coming years, owing to the rising awareness about the health benefits of vaping products, such as reduced risk of smoking-related diseases. To capitalize on the growing popularity of vaping products, several companies are expanding their presence in the region. For instance, in August 2021, a San Francisco-based vaporizer company, PAX Labs, opened a new office in London.

North America is anticipated to be the largest market for vape cartridges and is expected to account for a revenue share of over 40.0% in 2022. The presence of major players in the region and the rising awareness about the health benefits of vaping products are some of the key factors driving the market in this region. Moreover, the increasing demand for cannabis-based products in countries, such as the U.S., Canada, and Mexico, is expected to fuel the market growth in the region.

In this part of the Vape Cartridge Products business plan we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your Vape Cartridge Products business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions

The main source of revenues for a Vape Cartridge Products business comes from the sale of vape cartridges, vape pens, and other related accessories. This section should contain a detailed analysis of the pricing structure of your products, taking into consideration the costs of marketing and advertising. Additionally, revenue can also be derived from other sources such as online sales, subscription services, and wholesale accounts.

Projecting Expenses

In this section, all the regular expenses related to keeping the Vape Cartridge Products business running will be described. The list of operating expenses includes rent, wages, utilities, advertising, product development, inventory costs, taxes, and other administrative costs. Additionally, the business should also consider the costs of purchasing raw materials, packaging materials, and other related equipment.

Some of the key companies operating in the vape cartridge market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In June 2022, JUUL Labs, Inc. launched the JUUL C1, a new vape cartridge designed for use with the JUUL C1 device.

– In August 2022, STLTH launched the STLTH Vape 2.0, a new vape cartridge designed for use with their STLTH Vape 2.0 device.

– In October 2022, PAX Labs launched the PAX Era Pro, a new vape cartridge designed to provide an enhanced vaping experience.

Some of the prominent players in the vape cartridge market include:

– JUUL Labs, Inc.
– STLTH
– PAX Labs
– YOOZ
– Myle
– SMOK
– Suorin
– Vaporesso
– Eleaf
– KandyPens

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global vape cartridge products market based on product type, distribution channel, and region:

1. Product Type Outlook (Revenue, USD Million, 2017 – 2030)

– Disposable Vape Cartridges
– Refillable Vape Cartridges
– Pre-filled Vape Cartridges

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Online
– Offline

3. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What type of products are included in the Global Vape Cartridge Products Market?
[A]: The global vape cartridge products market includes a range of products, such as vape pens, vaporizers, e-liquids, and vape cartridges.

[Q]: What are the factors driving the growth of the global vape cartridge products market?
[A]: The global market for vape cartridge products is primarily driven by the increasing popularity of vaping as an alternative to smoking cigarettes and other tobacco products. Additionally, the rising demand for technologically advanced and stylish products, the increasing number of flavors available, and the growing awareness about the health benefits of vaping are expected to propel the growth of the market.

[Q]: What are the key regional markets for vape cartridge products?
[A]: North America is the largest regional market for vape cartridge products, followed by Europe and Asia Pacific. The rising consumer base in countries such as the U.S., Canada, and Mexico is expected to drive the growth of the North American market.

[Q]: Who are the major players in the global vape cartridge products market?
[A]: The major players in the global vape cartridge products market include JUUL Labs, NJOY, Fontem Ventures, R.J. Reynolds Vapor Company, and Imperial Brands.

[Q]: What are the key trends in the global vape cartridge products market?
[A]: The key trends in the global vape cartridge products market include the development of new flavors, the introduction of new technologies, and the increasing focus on product design. Additionally, the increasing demand for disposable vape cartridges is expected to drive the growth of the market.