E-Cigarette Market: In-Depth Coverage And Various Important Aspects by 2030

Posted by Devanshu Shrivastava on November 9th, 2020

Cancer is the second-leading cause of death, killing 9.6 million people, at least, in 2018, as per the World Health Organization (WHO). Of these, lung cancer is the most menacing, accounting for 2.09 million cases and 1.76 million deaths that year. The biggest causes of the disease are air pollution and tobacco smoke; efforts are currently being made on both fronts to bring down the death count. While on one hand, electric vehicles and other clean energy initiatives are being promoted, on the other, awareness campaigns are being organized on a massive scale to decrease the number of tobacco smokers.

The latter of them, says P&S Intelligence, will be a key factor in the growth of the e-cigarette market from 15.7 billion dollar in 2019 to 39.0 billion dollar in 2030, at a 9.2% CAGR between 2020 and 2030. E-cigarettes are being widely promoted as a less-harmful, if not healthier, alternative to conventional cigarettes, as the former do not contain tobacco. E-cigarettes contain a flavored liquid, which may or may not have nicotine, which is heated to create the smoke that people breathe. Because of the absence of tobacco, e-cigarettes stop around 4,000 chemicals from entering the lungs.

Tobacco smoke is not only harmful to those breathing it directly, but also to non-smokers exposed to it. As per the WHO, tobacco leads to 8 million deaths each year, of which 7 million are smokers, and 1.2 million are non-smokers, who die due to second-hand smoke. What is even more disheartening is that almost half the children on earth inhale air polluted with cigarette smoke; second-hand smoke kills more than 65,000 children each year. Since apart from not having tobacco, e-cigarettes also do not lead to any smoky emission, rather, just creating vapor, these are becoming popular around the world.

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E-cigarette is actually an umbrella term for four types of products: vaporizers, cig-a-likes, T-vapors, and vape mods, all of which have a similar working principle. Of these, vaporizers have found the maximum number of users, as they are cost-effective, produce a dense aerosol, and support more flavors. In fact, the availability of flavors is one of the key reasons an increasing number of smokers are shunning conventional cigarettes in favor of their electronic variants.