Global e-cigarettes market was worth USD 21.2 billion in 2020 and is anticipated to register a healthy CAGR over the forecast period to attain notable returns by the year 2026.

Industry snapshot:

• Increasing consumer awareness of the negative health effects of conventional cigarettes, and reduced tar & carbon monoxide inhalation from electronic cigarettes are the major growth catalysts.
• Rising disposable income of individuals and increasing technological advancements by electronic cigarette manufacturers are likely to propel market expansion during 2021-2026.
• Multiple vendors are implementing various marketing techniques and selling their products via online platforms in order to fulfil the rising demand for e-cigarettes, which is contributing toward worldwide e-cigarettes market expansion.

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Segmental overview:

Product Type	Modular
	Rechargeable
	Disposable
Distribution Channel	Offline Stores
	Online Store
Regions	Americas
	Europe
	Asia Pacific
	Middle East & Africa

 

Window to the future:

• The modular segment is anticipated to grow rapidly throughout 2021-2026, due to customizable nature of the product that allows users to adjust the vapor output as per their choice.

Explainer:

For the record, nicotine replacement products, such as inhalers, nicotine patches, lozenges, gum, and nasal spray, have been introduced to assist smokers in quitting cigarettes. An e-cigarette is a recent trend that is being acknowledged as a viable alternative to traditional cigarettes.

The COVID-19 outbreak had a severe impact on the world economy since it interrupted production and logistics activities, creating a huge gap between the demand and supply of vaping items. Due to the scarcity of these products, there was an increase in black-market sales, particularly in North American and European countries.

However, in the post-pandemic era, multiple vendors are implementing innovating marketing techniques and selling their products via online platforms to fulfill the rising demand for e-cigarettes. This will help the business sphere in picking up pace in the forthcoming years.

The well-known players in global e-cigarettes industry are NJOY LLC, Juul Labs Inc., Joyetech, ALD Group Limited, Shenzhen IPV Vaping Technology Co. Ltd., First Union Corporation, British American Tobacco plc (BAT), Japan Tobacco Inc., Imperial Brands plc, and Smoore International Holdings Ltd. These companies are introducing a variety of e-liquid flavors in their product offerings to accommodate the customers' changing preferences.

Concluding lines:

Market research assists firms in generating profits by effectively positioning their products and services in the industry. MarketStudyReport has a report titled ‘Global E-Cigarettes Market - Analysis By Product Type (Disposable, Rechargeable, Modular), Distribution Channel, By Region, By Country (2021 Edition): Market Insights and Forecast with Impact of COVID-19 (2021-2026)’ which stresses upon the major advancements, future growth opportunities, and challenges in this market. The document is created after a careful investigation of the necessary information to facilitate the businesses operating in this field.