Press Release

All you Need to Know about E-Cigarette and Vape Market Size

Press Release

Vapes, E-Cigarettes, E-cigs, Vape pens, mods and tanks are common terms for electronic Cigarettes. A vape is a handy device that operates by heating liquid form chemicals to a certain temperature so that it produces aerosol which is inhaled.U.S. Centers for Disease Control and Prevention (CDC) has reported that vaping has caused 2,051 reported cases of lungs damage and 39 deaths as of November 5, 2019.

Despite of all the harms and effects of vaping, the e-cigarette and vape markets has been flourished leaps and bound in past recent years. Vapes and cigarette pens are very handy and appealing for teens due to its so called coolness and flavors. Despite of it, vapes are easily available in the market which created massive uses of them among teens.

An industrial research has been done on The Golden Monk vapes and e-cigarettes as“Global E-cigarette and Vaping Market 2019-2025”. This study describes market size, distribution, trends, expansion, cost structure, competence, profits and estimate till 2025. There is huge competition by top manufacturers of Global E-cigarette and Vaping market with production, cost, revenue (worth) and each manufacturer including:

  1. Altria Group, Inc.
  2. British American Tobacco
  3. Imperial Brands
  4. International Vapor Group
  5. Japan Tobacco
  6. International
  7. NicQuid
  8. Philip Morris International Inc.
  9. R.J. Reynolds Vapor Company
  10. Shenzhen IVPS Technology Co., Ltd.
  11. Shenzhen Kanger Tech Technology Co., Ltd.

According to World Health Organization, regular tobacco users have been decrease globally but in case of vapes and e-cigarettes the fact is opposite. The market size of vape users has been increasing rapidly from 7 million in 2011 to 41 million in 2018. Euromonitor, a market research group has estimated that the number of teen and adults who use vape in 2021 will be about 55 millions.

In just five years, the market of vape users is worth $19.3bn (£15.5bn) – up from $6.9bn (£5.5bn). The United States of America, UK and France are the major markets. Vape users in these three countries spent more than $10bn (£8bn) on vaping products in 2018.

Mainly, there are two types of vapes or e-cigarettes – open and closed system, which is also recall as open and closed tank. In an open system, the liquid that is vaporized can be refilled again manually by the vapeuser. In open system, there is also a detachable mouthpiece. Closed system vapes or e-cigarettes use with ready-made refills, which coil directly on to the e-cigarette or vapes’s battery.

Another shocking study has been done. According to a 2016 report published by Ernst & Young, it is discovered that mostly e-cigarette or vape users buy their devices in specialist shops. Only 21% people buy their vapes from online stores. House of common research library published a study in 2019, according to which there are 41 million people who use vapes regularly. Moreover, there 11.5% people who are ex-smokers and now using vapes to fulfill their need and about 33% people are using vapes or e-cigarettes to quit smoking.

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