Marijuana Cigarettes Market to grow significantly owing to growing legalization and medical uses

Marijuana Cigarettes Market to grow significantly owing to growing legalization and medical uses

Marijuana cigarettes, also known as weed cigarettes or blunts, are cigarettes filled with marijuana or cannabis instead of tobacco. Marijuana cigarettes provide consumers an enjoyable and discreet way to consume cannabis on-the-go. Growing legalization of cannabis across North America and increasing adoption of marijuana for medical purposes is fueling the demand for marijuana cigarettes. Easy availability and appealing flavor variants are key attributes driving the popularity of marijuana cigarettes among recreational users and patients.

The global marijuana cigarette market is estimated to be valued at US$ 67.55 million in 2024 and is expected to exhibit a CAGR of 7.0% over the forecast period of 2024 to 2031.

Key Takeaways

Key players: Key players operating in the marijuana cigarette market include BASF SE, Bayer Material Science LLC, E.I du Pont De Nemours and Company, Huntsman Corporation, Jilin Connell Chemical Industry Co., Ltd., SP Chemicals Holdings, Ltd., Sumitomo Chemical Co. Ltd., and The Dow Chemical Company. These companies are investing in new product launches, capacity expansion and partnerships to strengthen their presence in the market.

Growing demand: Increasing legalization of cannabis for medical and recreational use across countries is fueling the demand for convenient cannabis consumption methods like marijuana cigarettes. Growing patient pool for medical conditions like chronic pain, neurological disorders, and cancer is a key factor driving the sales of marijuana cigarettes.

Technological advancement: Players are focusing on developing advanced hemp strain varieties with customized cannabinoid profiles and distinct aromas. Companies are innovating with novel extraction techniques to infuse unique terpene profiles into marijuana cigarettes to enhance user experience. Players are also offering marijuana cigarettes in pod-based systems for convenience.

Market Trends

Flavored variants: Companies are expanding their product portfolio with the introduction of flavored marijuana cigarettes to appeal to a wider consumer base. Popular flavors launched include grape, vanilla, blueberry, cherry etc. Flavored options are gaining popularity among new users and medical patients.

Sustainability focused: With growing emphasis on environmental protection, players are focusing on developing marijuana cigarettes from organic hemp and using biodegradable packaging materials. Compostable and plastic-free packaging options are gaining traction in the premium segment.

Market Opportunities

Medical use expansion: Further legalization of medical marijuana across developing nations and new therapeutic applications can boost the medical marijuana cigarette market in the forecast period.

Edibles and extracts: Players can explore the development of infused pre-rolled hemp paper sticks that can be consumed directly or used to infuse foods and drinks. This offers new experiences beyond typical marijuana smoking.

Impact of COVID-19 on Marijuana Cigarette Market Growth
The COVID-19 pandemic has significantly impacted the growth of the marijuana cigarette market. During the initial lockdown phases imposed across many countries, supply chains were disrupted significantly. Transportation restrictions made it difficult for manufacturers and suppliers to deliver products on time. This led to shortages of raw materials and finished goods. Demand also dropped initially as consumers cut down on non-essential spending during the economic slowdown caused by the pandemic.

However, as lockdowns continued for longer durations, demand started recovering. Since marijuana is used as a stress reliever and for relaxation purposes, its usage increased among individuals facing anxiety and uncertainty during the pandemic. This helped drive the marijuana cigarette market back to growth. Manufacturers also adapted to the changing situation by focusing more on online sales and delivery models. Post-pandemic, the market is expected to grow steadily. While supply chain issues may persist in the short-term, pent up demand and changed consumer behavior are likely to support market expansion.

Marijuana Cigarette Market Regional Analysis  as Geographical Regions with  North America currently dominates the global market in terms of value, accounting for over 50% share. This is due to legalization of medical and recreational marijuana in major countries like the US and Canada. Availability of innovative products and strong distribution networks have enabled market leaders to strengthen their presence. Europe is another prominent region, primarily driven by markets like Germany, Italy and the UK where medical cannabis use is permitted. The Asia Pacific region is anticipated to be the fastest growing area led by nations like Australia, Israels recreational cannabis programmes.

Fastest Growing Region - Asia Pacific
The Asia Pacific region is projected to be the fastest growing market for marijuana cigarettes over the forecast period. This is largely attributed to policy level changes in countries like Australia, Thailand and South Korea that have decriminialsed or legalized cannabis for medical usage. Increasing investments by international players to tap into the opportunities are also supporting regional market expansion. Rising acceptance of marijuana for health and wellness benefits among young urban population makes Asia Pacific an attractive emerging market. With more nations expected to relax regulations, this region has strong growth potential compared to mature western markets.

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About Author:

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)