The Vaporizers, E-Cigarettes, and other Electronic Nicotine Delivery Systems (ENDS) market involves of sales of vaporizers, e-cigarettes, and other electronic nicotine delivery systems. These are utilized for inhaling the energetic ingredients of plant material such as cannabis, tobacco, or several other herbs or blends.
According to the report analysis, ‘Vaporizers, E-Cigarettes, And Other Electronic Nicotine Delivery Systems (ENDS) Global Market Report 2020’ states that in the vaporizers, E-Cigarettes and other electronic nicotine delivery system global market there are several corporates which presently operating more actively for leading the fastest market growth and dominating the handsome value of market share around the globe during the short span of time such as DASH VAPES, HUBBLY BUBBLY, LIQUIDEU, NICE VAPOR, PACIFIC SMOKE INTERNATIONAL, PUFF ECIG, SIMPLE VAPE CO. LONDON LTD, SMOKIO, VAPE ESCAPES, VAPOR LINE and several others.
The international Vaporizers, E-Cigarettes, and other Electronic Nicotine Delivery Systems (ENDS) market was valued USD 22.33 billion in 2019. It is projected to increase at a compound annual growth rate (CAGR) of 20% and reach USD 46.3 billion by 2023.
The Vaporizers, E-Cigarettes, and other Electronic Nicotine Delivery Systems (ENDS) market enclosed in this report is divided by form into vaporizers, E-cigarettes, other Electronic Nicotine Delivery Systems (ENDS). It is also classified by E-cigarettes type into disposable, rechargeable, modular 3) by vaporizers variety: E-cigarette vaporizers, marijuana vaporizers, medical vaporizers.
Increasing awareness of health issues caused by the smoking conventional tobacco cigarettes amongst the smoking population is propelling the growth of the e-cigarettes market. Unadventurous tobacco cigarettes discharge toxic compounds that unpleasantly disturb the health of the distinct. The e-cigarettes are less poisonous and safer compared to the conventional tobacco cigarettes. For instance, during December 2018, British American Tobacco company discharge the Vype iSwitch and Vype iSwitch Maxx based on the Puretech blade technology, includes utilizing an ultra-slim stainless-steel blade to heat e-liquid and generate vapor. The vapor products do not burn tobacco, the vapor comprises significantly subordinate levels of toxicants in the smoke generated when burning tobacco. Therefore, e-cigarettes have decreased risk properties associated to the traditional cigarettes.
Inflexible government regulations on the ban of E-cigarettes is limiting the growth of the Vaporizers, E-Cigarettes, and other Electronic Nicotine Delivery Systems (ENDS) market. Frequent nations have proscribed the deal and formulate of e-cigarettes to protect the youth and children from the insensitive impressions and habit of E-cigarettes. For example, in December 2019, Indian government has passed proscription of electronic cigarettes (production, producer, import, export, transport, sale, distribution, stowage and advertisement) bill 2019 that obligatory the ban of E-cigarettes. The government banned the e cigarettes as the producing companies are encouraging them as a way to get out of the smoking but research studies have revealed that most of the people are addicting to E-cigarettes.
Medicated cannabis vaporizers have increased increasing requirement in the vaporizers market. Cannabis vaporizers have monitoring the heating technology and offer the possibility of accurately adjusting the temperature of the heater by the means of a display on the unit, providing the user full control over the compactness of the aerosol established. For instance, Storz & Bickel, a subsidiary of Canopy growth establishment has developed and produced vaporizers (Volcano medic and the Mighty medic) as per the European Medical Device Directive 93/42/ECC and Standard DIN EN 60601.
During September 2018, Turning Points Brands, Inc., an US based tobacco products merchant obtained 100% stake in International Vapor Group, Inc. in a deal valued USD 29 million. In addition of the International Vapor Group will reinforce Turning Points Brands, Inc. and will have significant impact on vapor business. International Vapor Group, Inc., an US based e-cigarettes company initiated in 2012 and served with numerous brands under its name. Therefore, in the near years, it is anticipated that the market of vaporizers, e-cigarettes, and other electronic nicotine delivery systems (ENDS) will increase around the globe more actively over the inflowing years.
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Ankur Gupta, Head Marketing & Communications