E-cigarettes Market Will Witness a Staggering Growth During 2018–2025

Image Credit : mport.ua

E-cigarettes majorly include nicotine, propylene, glycol, glycerin, and flavorings in liquid form that gets vaporized. They are made up of a cartridge, a battery, e-liquid and an atomizer that heats up ingredients in cartridge that creates a vapor inhaled by the consumer. They are tobacco free and do not produce any combustion, smoke, and odor. E-cigarettes function similar to normal cigarettes with visible vapor and an LED light produced when the user draws on an e-cigarette, E-cigarettes tend to offer a  sensation (nicotine hit)  similar to conventional tobacco cigarettes. According to the US Food and Drugs Administration (FDA), e-cigarettes convert the chemicals such as nicotine into an aerosol that is inhaled by the user.

Ask for detailed Sample of the Research Report @
https://www.coherentmarketinsights.com/insight/request-sample/1362

Increasing health awareness regarding the use of cigarettes, adoption of eco-friendly products, and the tax hike of regular cigarettes are the factors contributing to growth of the e-cigarettes market. In July 2013, the World Health Organization (WHO) issued a statement regarding the potential risks of using e-cigarettes, which include throat irritation and coughing. This is expected to hamper the growth of the global e-cigarettes market.

North America region is leading global e-cigarettes market. Increasing educational campaigns coupled with ban on smoking in public places in the U.S. has resulted in an approximate 31% drop in the sale of conventional cigarettes since 2005. This has created a large scale opportunity for e-cigarettes manufacturers in the U.S. thereby resulting in the growth of the market in North America. According to the National Youth Tobacco Survey (NYTS), an estimated 27.1% of U.S. adolescents used of e-cigarettes in 2015. This has resulted in 41 states banning the sale of e-cigarettes to minors due to the increasing number of health complications associated with it. These factors could greatly hamper the growth of the e-cigarettes market in North America.

Europe is projected to be the fastest growing market for e-cigarettes, owing to the high prices and regulations that are imposed on cigarettes in the developed economies of the European region. For instance according to the Action on Smoking and Health (ASH), number of smokers using e-cigarettes regularly have increased from 2.7% in 2010 to 17.7% in 2014 in the U.K. and it is expected to witness a substantial increase during the forecast period on account of the health complications due to the combustion of tobacco in cigarettes. The smoke forms a sticky chemical slurry called tar, and the tar coats delicate parts of the lungs. However e-cigarettes don’t produce tar, because they don’t burn (or even contain) tobacco or other plant material. This is expected to drive growth of the market in the European region.

Manufacturers are adopting strategies such as mergers and acquisitions in order to increase their share in the global e-cigarettes market. For instance Philip Morris International (PMI) merged with Altria in 2013 in order to market e-cigarettes. This resulted in PMI gaining the right to sell Altria’s e-cigarettes outside the U.S.

To get detailed table of content (ToC) @
https://www.coherentmarketinsights.com/ongoing-insight/toc/1362

Increasing health awareness regarding the use of cigarettes, adoption of eco-friendly products, and the tax hike of regular cigarettes are the factors contributing to growth of the e-cigarettes market. In July 2013, the World Health Organization (WHO) issued a statement regarding the potential risks of using e-cigarettes, which include throat irritation and coughing. This is expected to hamper the growth of the global e-cigarettes market.

Key players in Global E-Ciggaretes Market –

Some of the key players operating in the global e-cigarette market include Japan Tobacco Inc., Reynolds American, Philip Morris International, Altria Group Inc. VMR products, and British American Tobacco.

You may be interested

Pigments Market Capacity, Production, Revenue, Price and Gross Margin, Industry Analysis and Forecast Till 2025
Business
Business

Pigments Market Capacity, Production, Revenue, Price and Gross Margin, Industry Analysis and Forecast Till 2025

Sayali Tribhuvan - July 13, 2018

Pigments Market report 2017-2025 focuses on the major drivers and restraints for the key players. These research report also provides granular analysis of the market share, segmentation,…

Nisin Industry Growth Analysis by Technology, Market drivers, and Emerging Trends Till 2025
Business
Business

Nisin Industry Growth Analysis by Technology, Market drivers, and Emerging Trends Till 2025

Sayali Tribhuvan - July 13, 2018

Nisin Market report 2017-2025 focuses on the major drivers and restraints for the key players. These research report also provides granular analysis of the market share, segmentation,…

Information Technology and Gadgets

Innovations in VR and AR in 2018

Rachel Stinson - July 12, 2018

Virtual Reality and Augmented Reality is fast becoming the order of the day if its not yet the order of the day, many organizations now use holograms…

Most from this category