Market Research Future Published a Cooked Research Report (CRR) on the Global E-Cigarettes & Vaporizer Market has been Estimated to Grow over 25% post 2021
E-Cigarettes & Vaporizers market came in to existence in the early 2000s when the consumption of tobacco worldwide had arose to be an endangering factor to human lives and innumerable government initiatives and efforts were sunk through the drain. Consumers addicted to tobacco would found it difficult to get rid of the addiction and it is when a Chinese engineer acknowledged the need for an alternate to tobacco by designing a battery-powered device that has stirred not only the smoking cessation therapeutics market but also the tobacco market. The device called E-Cigarettes evolved considerably in a diversified range from the original devices, yet had the ability to heat a liquid mixture of propylene glycol, vegetable glycerine, water, flavours, other additives, and commonly nicotine, sufficient to generate an aerosol for inhalation.
Many E-Cigarettes & Vaporizers resemble conventional cigarettes, cigars, or pipes. Some resemble pens or other everyday items. Larger devices such as tank systems or mods bear little or no resemblance to cigarettes. These devices are said to have minimized enormous expenses of a hard core smoker and all of vaporizers, electronic cigarettes, accessories, and batteries are eco-friendly and recyclable. This in turn has turned out to be one of the major drivers for the growth in E-Cigarettes and vaporizer market.
On the account of the extent the market of E-Cigarettes & Vaporizers has evolved; Market Research Future recently put out/published a deep diving study report on the Market Prognostications; according to which the global E-Cigarettes & Vaporizer Market is booming and expected to gain prominence over the forecast period. The global E-Cigarettes & Vaporizer market is expected to grow at a CAGR over 25% over the period of 2016 to 2021.
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Some of the major players in Global E-Cigarettes & Vaporizer Market include DASH VAPES, HUBBLY BUBBLY, LIQUIDEU, NICE VAPOR., PACIFIC SMOKE INTERNATIONAL, PUFF ECIG, SIMPLE VAPE CO. LONDON LTD and SMOKIO. VAPE ESCAPES, And VAPOR LINE.
The global Market of E-Cigarettes & Vaporizer appears to be highly competitive. Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for leading players. Apart from these; Key players in order to gain the competitive edge strive to develop E-Cigarettes & Vaporizer of different styles, colours and sizes to suit the individual taste with unrivalled design and features offering a line of premium nicotine free and standard e-juices or e-liquids in a variety of blends, strengths, quality flavours and ingredients to satisfy nicotine cravings. They are investing heavily in research and development projects and to develop state-of-the-art equipment, facilities, advanced technology and processes.
- On November 1, 2017, Imperial Brands Plc. announced that it had acquired Nerudia, a U.K.-based manufacturer of e-cigarette liquids.
- On July 28, 2017, The Food and Drug Administration (US) announced regulatory road map on tobacco and nicotine products. The regulatory mentions of limiting or eliminating flavourings, such as candy and fruits in e-cigs and vaporizers and Extending the application deadline for FDA regulatory review for new products, such as electronic cigarettes and vaporizers, from late 2018 to as far out as August 2022.
Globally, North America is accounting for more than 45 % market share and thus is the largest market of E-Cigarettes & Vaporizer in the world. North America, with U.S. being the largest consumers in the world will dominate the market throughout the forecast period; whereas Europe will closely follow. Although, China began as the first market for E-Cigarettes & Vaporizer, the U.S. and developed markets from Europe became the prime consumers of E-Cigarettes & Vaporizer, due to which these two regions collectively account for over 80% of the world market. Globally, the North America region accounted for the largest market share in E-Cigarettes & Vaporizer followed by Europe. Growing awareness about the ill-effects of tobacco coupled with consumers’ preference for e-cigarette over conventional cigarette out of their will to quit tobacco has driven the market in North America and Europe over the past few years. APAC will be growing at the fastest CAGR, accounting for more than 20% of the global e-cigarette market value by 2021. Significant revenue flow will be observed from China and India over the forecast period.
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Table of Contents
2 RESEARCH METHODOLOGY
3 GLOBAL E-CIGARETTES & VAPORIZER INDUSTRY: MARKET OVERVIEW
4 GLOBAL E-CIGARETTES & VAPORIZER INDUSTRY: MARKET DYNAMICS
5 GLOBAL E-CIGARETTES & VAPORIZER MARKET: REGULATORY FRAMEWORK ANALYSIS
6 GLOBAL E-CIGARETTES & VAPORIZER INDUSTRY: PORTER’S FIVE FORCES ANALYSIS
7 GLOBAL E-CIGARETTES & VAPORIZER MARKET: VALUE FORECAST (2016-2027)
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