People are being more health-conscious around the globe.
Global electronic cigarettes market is observing spectacular
growth rate. Observes and business analyst is expecting an unbelievable graph pick
of market maturity on 202/2023 of considering recent trend of vaping people. They
are expecting to witness a CAGR of
16.6% during the forecast period, to reach $27,670 million by 2022!
E- Cigarettes market is booming.Because...
Growing health consciousness, fast
developments in electronic device technology, smoke & ash free vaping are
some of the factors driving the growth of the global e-cigarette market. Not only
the technology concern, change in lifestyle, e-commerce and various mergers
& acquisitions between e-cigarette providers are some trends observed in
the global e-cigarette market. Based on product, the rechargeable e-cigarettes
held the largest market globally during 2012 - 2015. The rechargeable electronic-cigarette
with its growing demand and popularity is further expected to create
opportunity for the market growth.
Electronic-Cigarettes
also have potential risks and benefits, but the rate of shifting people from
conventional tobacco smoking to E-Cigarette smoking is significant. Innovation
aimed of E-Cigarette at replacing traditional cigarette smoking. E- cigarettes
comes with various options like disposables, cig-a-like, e-cigars, vape modes,
modular and many more.
The world leaders in tobacco industry like Philip Morris, Reynolds American, VMR Products, Japan Tobacco, Altria & British American Tobacco is highly observing and concentrating on E-cigarette market and trend world wide. They are researching deeply E-cigarettes technology.
JUUL the leader in US E- Cigarette Market
It's no secret that Juul
has dominated the e-cigarette market over the past year, but just how much it
has dominated is eye-popping.Convenience stores sport
signs boasting they sell Juul devices and pods. The e-cigarette has become so
popular it even has its own verb: "Juuling."The company, Juul Labs, is
raising $1.2 billion, valuing the company at $15 billion, Bloomberg reported last week. The
staggering valuation comes just one year after spinning out from parent company
Pax Labs, which makes similar devices for cannabis, and three years since the
Juul device was introduced.
including Mig 21, V2, Blu, HALO, Aspire Gusto and
lots of other brands also are forecasting the cigarette industry and getting
ready to taking over the traditional cigarette market.
Youth segment is really loving E-Cigarettes sweetness. The wide
verity of choosing flavors with MODS and Cigar lite give them freedom instead of
traditional ugly smelled health hazarded traditional Cigarettes.
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