Global e-cigarette market report 2022-2026 and 2031 –

DUBLIN, 19 September 2022 (Globe Newswire) — The “Global e-cigarette market report 2022, by product type, by structure used, by distribution channel” report has been added ResearchAndMarkets.com’s Presentation.

The global e-cigarette market is expected to grow from $18.15 billion in 2021 to $21.63 billion in 2022, at a compound annual growth rate (CAGR) of 19.2%. The market is expected to reach $38.53 billion in 2026 at a CAGR of 15.5%.

Major players in the e-cigarette market are Philip Morris International, MCIG Inc., Altria Group Inc., British American Tobacco Plc, Japan Tobacco Inc., Imperial Tobacco Group, Najoy Inc., International Vapor Group, Reynolds American Inc. and VMR Products.

The growth is mainly due to companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which has previously led to restrictive containment measures such as social distancing, remote working and closure of business activities. Measures were involved, which resulted in operations. challenges.

The e-cigarette market includes the sale of e-cigarettes. An e-cigarette is a handheld battery-operated electronic device that contains a solution of nicotine, glycerin, and flavoring that turns into a mist that can be inhaled by the user. These are available in different flavors like mint, menthol and chocolate.

The main product types of e-cigarettes are disposable, rechargeable, modular. A disposable product to be thrown away after use. The composition used is tobacco, flavored, nicotine free. Distribution channels include specialist e-cigarette shops, online, supermarkets, tobacconists, among others.

The growth of the e-cigarette market is fueled by the increasing awareness of the health issues caused by smoking traditional tobacco cigarettes among the smoking population. Traditional tobacco cigarettes release toxic compounds that adversely affect a person’s health. E-cigarettes are less toxic and safer than traditional tobacco cigarettes.

For example, the British American Tobacco Company released the Vype iSwitch and Vype iSwitch Maxx based on PureTek blade technology, which involves using ultra-slim stainless-steel blades to heat and vaporize e-liquid. Vapor products do not burn tobacco, the level of toxic substances in the smoke produced when tobacco is vaporized. Therefore, e-cigarettes have less risky properties than conventional cigarettes.

The government’s increased rules on the ban on e-cigarettes are hindering the growth of the e-cigarette market. Many countries have banned the sale and manufacture of e-cigarettes to protect young people and children from the harmful effects and addiction of e-cigarettes.

For example, in December 2019, the Government of India has passed the Ban on Electronic Cigarettes (Production, Manufacture, Sale, Distribution, Import, Export, Transport, Storage and Advertisement) Bill 2019, which bans e-cigarettes. The government banned e-cigarettes because manufacturing companies were promoting them to kick people out of smoking habits, but research studies have shown that most people are addicted to it.

An increasing number of mergers and acquisitions between traditional cigarette and e-cigarette manufacturers are trending in the e-cigarette market. Traditional cigarette manufacturing companies and e-cigarette manufacturers are collaborating for product development or to improve their presence in the global market.

For example, British American Tobacco plc, (BAT), an American British multinational cigarette and tobacco manufacturing company, acquired Reynolds American Inc. for $49 billion. The acquisition supported BAT a stable presence in high-growth emerging markets and developed markets with high profitability. Reynolds American Inc. is an American tobacco company that manufactures tobacco products and e-cigarettes.

In August 2019, Swiss-American multinational cigarette and tobacco manufacturing company Philip Morris merged with Altria for an undisclosed amount. The acquisition aims to dominate the rapidly growing electronic-cigarette market. Altria Group, Inc. is a US-based company and one of the world’s largest producers and marketers of tobacco and cigarettes.

The countries involved in the e-cigarette market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

mention of companies

  • Philip Morris International
  • MCIG Inc.
  • Altria Group Inc.
  • British American Tobacco Plc.
  • Japan Tobacco, Inc.
  • Imperial Tobacco Group
  • Najoy Inc.
  • International Vapor Group
  • Reynolds American Inc.
  • VMR Products
  • kimri
  • curious too
  • Healthy Choice Management Corp. (Nirmam Vapor Corp.)
  • ITC Limited
  • je well france
  • Nicotech LLC.
  • Vapor Corporation
  • TrueWap
  • hangsen

Major topics covered:

1. Executive Summary

2. Features of the E-Cigarette Market

3. Size and Growth of the E-Cigarette Market
3.1. Global E-Cigarette Historical Market, 2016 – 2021, $ Billion
3.1.1. market driver
3.1.2. market restrictions
3.2. Global E-cigarette Forecast Market, 2021 – 2023F, 2026F, 2031F, $ Billion
3.2.1. market driver
3.2.2 Market Restrictions

4. E-Cigarette Market Segmentation
4.1. Global e-cigarette market, segmented by product type, historical and forecast, 2016-2021, 2023F, 2026F, 2031F, $Billion

  • disposable
  • rechargeable
  • modular

4.2. Global e-cigarette market, segmented by structure used, historical and forecast, 2016-2021, 2023F, 2026F, 2031F, $ billion

  • Tobacco
  • Flavors
  • free from nicotine

4.3. Global e-cigarette market, segmented by distribution channel, historical and forecast, 2016-2021, 2023F, 2026F, 2031F, $ billion

  • Specialist E-Cigarette Shops
  • online
  • supermarket
  • tobacconist
  • Other Distribution Channels

5. E-Cigarette Market Regional and Country Analysis
5.1. Global e-cigarette market, segmented by region, historical and forecast, 2016-2021, 2023F, 2026F, 2031F, $ billion
5.2. Global e-cigarette market, segmented by country, historical and forecast, 2016-2021, 2023F, 2026F, 2031F, $ billion

For more information about this report, visit https://www.researchandmarkets.com/r/2gt8eh


        

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