The global cannabis vaporizer market is projected to expand 3.5X its value from 2021 to 2031, with demand for temperature-controlled cannabis vaporizers rising as the years go by. If you have a lot of new ideas about the current marijuana vaporizer market, whether it is designing, developing product design, or overhauling the product, you hope to have a unique product that contains your creativity and thinking, then you need With some CBD OEM companies to support your entire business process, free your mind to craft your device to meet the ever-increasing demand and expectations of today’s cannabis vaporizer market!
How big is the cannabis vape market?
Only when you know how big the consumer market is, will you have the ambition to occupy a place in this market. No matter what kind of customer group you want to target, you need to grasp it from the overall development of the market. The reality, then, is that vape pens and pre-rolls are gaining popularity among U.S. cannabis consumers looking for more potent products, as well as consumers excited about innovations in each category.
During 2020 and 2021, vapor pens are the second-biggest category in the U.S. marijuana market after flowers, bringing in nearly $2.6 billion last year across six adult-use markets tracked by Seattle-based data analytics firm Headset. retail sales. There is such a large consumer market demand for cannabis products, don’t you want your creativity to enter the consumer’s field of vision as soon as possible? The pre-roll category rose from fourth-largest to third-largest with $1.42 billion in sales in 2021, moving food from the top-grossing category, according to comments from Cooper Ashley, Headset’s senior data analyst. The three were pulled down.
Both categories will see strong year-over-year growth in 2021, with steam pens up 28.1% and prerolls up 38.9% compared to 2020, according to retail sales data from six rec markets Headset tracks. In comparison, the overall marijuana market grew by 18.4%.
“These consumers are looking for more potent products and are willing to pay a premium for them,” said Brian MacIver, senior cannabis insights manager at Chicago-based analytics firm Brightfield Group. “So what you need to do now is just find an OEM factory as soon as possible, Transform your ideas into actual products to meet the needs of increasingly large consumers.
Why Need to Find a Perfect CBD Foundry?
Nearly half (47%) of U.S. marijuana vaping consumers are under the age of 35, according to the report. According to regional policies, the entertainment industry including pubs and bars will drive the demand for cannabis vaping devices. The legalization of e-cigarettes for medical and recreational use in many countries will boost the market growth in the coming years. With the popularity of recreational methods among young people, marijuana vaping has become the first choice and resonates with the development of the entertainment industry. A cannabis vaporizer is a device used to heat a concentrate or cannabis flower to a temperature where it can be turned into a vapor.
While the lion’s share of vape sales are cannabis THC distillates, sophisticated consumers — or marijuana connoisseurs — often want more from their products, including minor cannabinoids and terpenes. But consumers appreciate the terpene content and ‘more floral’ flavor profile of these products, despite their often higher price tag, which is where e-cigarettes formulated with active resins and rosin comes in.
It’s worth noting that this trend is more of a production-driven trend than a consumer-driven trend. More technological advancements are seen on the production side, including extraction equipment that can produce such solvent-free products on a larger scale to help reduce costs and meet consumer demand. This means that when we develop our creativity, we need to cooperate with factories with sufficient advanced technology to produce products of sufficient quality and attractive to consumers.
Finding the Right Wholesale Partner is Essential
With so many consumers using CBD for its purported health benefits, coupled with the legalization of marijuana in many countries and regional policy changes, there is huge potential for market growth. To produce good CBD products, CBD oil is the most important factor. What to look for when looking for a quality CBD oil wholesaler you can depend on? Once you can recognize the logo of a reputable CBD distributor, it will be a good start for you to enter this market.
1. Pass the third-party quality inspection
With such rapid growth, the CBD market is flooded with shoddy products. According to a recent study by a team of researchers at the University of Pennsylvania in collaboration with several other research institutions, 69 percent of CBD products contained more or less CBD than advertised on the product label. With so many low-quality CBD oils on the market, products made with third-party tested CBD oil go a long way toward building consumer confidence.
2. CBD oil is purchased and produced from high-quality origin
While several countries lead the way in cannabis production, it’s a good idea to choose a domestic manufacturer. Some countries’ farming and refining processes are better regulated than others, so you’ll want to do your research if sourcing internationally. For this reason, U.S. buyers often look for CBD produced in the U.S. or Canada, so if you’re in the U.S., offering potential consumers a CBD product from U.S.-grown hemp is a strong selling point.
3. Offer organic CBD options
Cannabis absorbs a variety of substances from the environment in which it was grown. If it’s not organically grown, some of these substances may include toxins, heavy metals, and pesticides. Organically grown CBD eliminates many of these concerns. Organic CBD is more expensive, but offering organic CBD products can help you connect with health-conscious customers, knowing that there are more knowledgeable consumers in the CBD market who are pickier about what they consume. They are willing to pay more for a potentially safer product. Wholesalers of CBD with organic options have an edge in a highly competitive market space.
4. Has a reputation for good service
The best CBD and hemp oil wholesalers have a proven track record of great customer service and reliable order fulfillment. Look online for reviews of other retailers before choosing a vendor. Are they able to fill orders quickly, or are their products frequently out of stock? Is the supplier easy to contact? Are they addressing issues promptly? Test them in person by phone and email. Are they responsive? Did their representatives answer your questions professionally and efficiently? Are they willing to send you products and more? Having a good service attitude is the basis for long-term cooperation.
The global cannabis vaporizer market is expected to grow 3.5 times from 2021 to 2031. If you are looking to start a new CBD product business from scratch, or are interested in expanding your existing brand to include CBD products, finding the right wholesale partner is critical. All you need to do now is act! Transform Your Ideas into Reality!
