Global E-Cigarettes Market Report 2022-2026 and 2031 –

DUBLIN, Sept. 19, 2022 (GLOBE NEWSWIRE) — Added the Global E-Cigarettes Market Report 2022, by Product Type, by Composition Used, by Distribution Channel ResearchAndMarkets.com Offer.

The global e-cigarette market is expected to grow from US$18.15 billion in 2021 to US$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%.

Key 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, Njoy Inc, International Vapor Group, Reynolds American Inc and VMR Product.

The growth is mainly due to businesses resuming operations and adjusting to the new normal while recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, teleworking and the closure of commercial activities had, the challenges led to the operation.

The e-cigarette market consists of the sale of e-cigarettes. An e-cigarette is a handheld, battery-powered electronic device that contains a solution of nicotine, glycerine, and flavorings 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 and modular cigarettes. A disposable product is intended to be thrown away after use. The composition used is tobacco, flavors, nicotine free. Distribution channels include specialized e-cigarette shops, online, supermarkets, tobacconists and others.

Rising smokers’ awareness of health problems caused by smoking traditional tobacco cigarettes is driving the growth of the e-cigarette market. Traditional tobacco cigarettes release toxic compounds that affect the health of individuals. The e-cigarettes are less toxic and safer compared to traditional tobacco cigarettes.

For example, British American Tobacco company released the Vype iSwitch and Vype iSwitch Maxx based on Puretech Blade technology, which uses an ultra-thin stainless steel blade to heat e-liquid and produce vapor. The vapor products do not burn tobacco, the vapor contains significantly less toxins in the smoke produced when burning tobacco. Therefore, e-cigarettes have reduced risk characteristics compared to traditional cigarettes.

Stricter government regulations banning e-cigarettes are hampering the growth of the e-cigarette market. Many countries have banned the sale and manufacture of e-cigarettes to protect teens and children from the harmful effects and addiction of e-cigarettes.

For example, in December 2019, the Government of India passed the Electronic Cigarettes Prohibition (Production, Manufacture, Sale, Distribution, Import, Export, Transportation, Storage and Advertising) Act 2019, which imposes the ban on e-cigarettes. The government banned e-cigarettes because manufacturers promoted them as a way to discourage smoking, but research studies have shown that most people are addicted to them.

The e-cigarette market is trending towards an increasing number of mergers and acquisitions between traditional cigarette and e-cigarette manufacturers. Traditional cigarette manufacturers and e-cigarette manufacturers collaborate on product development or 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 favored BAT’s stable presence in high-growth emerging markets and highly profitable developed markets. Reynolds American Inc is an American tobacco company that manufactures tobacco products and e-cigarettes.

In August 2019, Philip Morris, a Swiss-American multinational cigarette and tobacco company, merged with Altria for an undisclosed amount. This 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 manufacturers and marketers of tobacco and cigarettes.

The countries covered in E-Cigarettes market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

companies mentioned

  • Phillip Morris International
  • MCIG Inc.
  • Altria Group Inc.
  • British American Tobacco plc.
  • Japan Tobacco, Inc.
  • Imperial Tobacco Group
  • Njoy Inc.
  • International Steam Group
  • Reynolds American Inc.
  • VMR product
  • Kimree
  • innokin
  • Healthier Choices Management Corp. (Ruthless Vapor Corp.)
  • ITC Limited
  • J well France
  • Nicotek LLC.
  • vapor corp
  • TruVape
  • Hangsen

Main topics covered:

1. Summary

2. Characteristics of E-Cigarettes Market

3. E-cigarette market size and growth
3.1. Historical Global E-Cigarettes Market, 2016-2021, billion US$
3.1.1. drivers of the market
3.1.2. restrictions in the market
3.2. Global E-cigarette Forecast Market, 2021 – 2023F, 2026F, 2031F, Billion US$
3.2.1. drivers of the market
3.2.2. restrictions in the market

4. E-Cigarettes Market Segmentation
4.1. Global E-Cigarettes Market, Segmentation by Product Type, Historical and Forecast, 2016-2021, 2023F, 2026F, 2031F, Billion US$

  • Available
  • Rechargeable
  • Modular

4.2. Global E-Cigarettes Market, Segmentation by Composition Used, Historical & Forecast, 2016-2021, 2023F, 2026F, 2031F, Billion US$

  • tobacco
  • flavors
  • Nicotine free

4.3. Global E-Cigarettes Market, Segmentation by Distribution Channel, Historical and Forecast, 2016-2021, 2023F, 2026F, 2031F, Billion US$

  • Stores specializing in e-cigarettes
  • On-line
  • supermarkets
  • tobacconist
  • Other Distribution Channels

5. Regional and country analysis of the Electronic Cigarettes Market
5.1. Global E-Cigarettes Market Split by Region, Historical and Forecast, 2016-2021, 2023F, 2026F, 2031F, Billion US$
5.2. Global E-Cigarettes Market Split by Country, Historical and Forecast, 2016-2021, 2023F, 2026F, 2031F, Billion US$

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

  • Global e-cigarette market

        

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