Can e-cigs continue as the fastest growing UK industry

Can e-cigs continue as the fastest growing UK industry?

E-cigarette Market is Segmented by Product type (Completely Disposable Model, Rechargeable but Disposable Cartomizer, Personalized Vaporizer), Battery Mode (Automatic E-cigarette, Manual E-cigarette), Distribution Channel, and by Geography (North America, Europe, Asia-Pacific, South America and Middle East and Africa).

While we can sit and speculate about what has led to the rapid growth – be it positive publicity from Public Health England or growing acceptance of their use in the wider public – the fact remains that sales continue to grow and grow, with a dedicated vaping shop now a regular sight on every high street and e-cigs becoming one of the fastest growing supermarket products, with over 17 million units sold last year.

According to the ‘Global E-Cigarette and Vaporizer Market – Analysis and Forecast 2015-2025’ report, it is speculated that in this ten year period the industry will continue to grow across the globe at a rate of 22%, with the biggest spike coming in 2017 as regulations and policy are etched in black and white rather than the vague and different approaches e-cigarettes currently experience. In this decade period, the report also projects that the industry will grow by $50bn.

The report does highlight one of the biggest issues facing the projected growth of e-cigs and their potential for dominating the nicotine landscape – regulation and policy issues going hand-in-hand with a misunderstanding by decision makers.

Next month (May), the European Union will reassess the Tobacco Products Directive in order to further regulate the production and sale of e-cigarettes across member states. This will include looking at limitations on the size of e-liquid vials, restrictions on the strength of nicotine in e-liquids and dosage and a limit on the size of clearomizer’s.

While these refinements are to be welcomed as a way of mainstreaming the use of e-cigarettes, one controversial motion that has been chaired by the EU is that an e-cigarette product can be banned if a healthcare professional deems the product unsafe or unhealthy and three countries back the motion. This will see the product – whether a brand of e-liquid or a particular model of clearomizer – blanket banned not only in the three countries but across the entire European Union as a result.

Despite these potential bumps on the road, and negative approaches to vaping particularly in Asia and the UAE, by refining regulation and laws around the use of e-cigarettes it is hoped it will make for a more mainstream and accepting view of the practice. With growth expected to flourish over the next few years, and several investment firms waiting in the wings to take advantage of the projected revenue, now appears to be a great time to establish a brand of / store that sells e-cigarettes and e-liquids.

The global e-cigarette market was valued at USD 18,907.79 million in 2020 and is projected to grow at a CAGR of 16.90 % over the forecast period (2021-2026).

Regular smoking is linked to severe diseases. COVID-19 is a new disease impacting the tobacco and e-cigarette market, as many countries are starting to come to terms with the fact that smokers are 14 times more likely to die of COVID-19.

The World Health Organization also issued guidelines indicating the health risks linked to the consumption of e-cigarettes and vapes, which were perceived as less harmful to health as compared to traditional tobacco.

Furthermore, various studies depict that people using vapes are five to seven times more likely to get infected by novel COVID-19 than people who do not use vape. This is largely because smoking impairs lung function, making it difficult for the body to fight off COVID-19 and other diseases.

Tobacco is also a major risk factor for non-communicable diseases, like cardiovascular disease, cancer, respiratory disease, and diabetes, which put people in critical conditions, with higher risks for developing severe illness when affected by COVID-19.

Best Online Vape Stores & Shops – UK, USA & China

  1. Vape Club (UK + Worldwide) …
  2. ukvaperstoreco.uk (UK/Europe) …
  3. Dispergo (UK/Europe) …
  4. New Vaping (UK/Europe) …
  5. Apollo E Cigarettes (WorldWide) …
  6. JAC Vapour (UK/Europe) …
  7. Dinner Lady Store. …
  8. Vapour2 (UK/Europe)

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