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E-Cigarettes Market August 2021 Report On 2021 SWOT Analysis, Key Business Strategies, Leading Industry Players, Regional Growth, Demand, Share, Challenges, Opportunities and 2030 Forecast Research Report

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Aug 31, 2021 (AmericaNewsHour) -- In a recent published report, Kenneth Research has updated the market report for E-Cigarettes Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for E-Cigarettes Market products.

Request To Download Sample of This Strategic Report:  https://www.kennethresearch.com/sample-request-10220899

Kenneth Research, in its repository of market research reports, have recently added a report on E-Cigarettes Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2021 2030. The E-Cigarettes Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017. Moreover, backed by the increasing demand for high-speed internet amongst the individuals, organizations operating in the field of telecom are increasingly working on deploying 5G network technology, as this technology provides internet access at very high speeds. By 2025, it is estimated that as many as 1.2 billion of total internet connections will account to 5G. Further, one-third of the world is projected to be covered with 5G connectivity by the end of 2030.

An electronic cigarette is a type of battery operated electronic nicotine delivery system (ENDS) which simulates the sensation of smoking tobacco without inhaling the smoke instead it emits a vaporized nicotine which is inhaled by the user. E-cigarettes are tobacco free and doesn't produces and odor or combustion.

The liquid that acts as a base of the e-cigarettes are often formed of liquid and may contain water, nicotine, glycerol, flavorings and propylene glycol. E-cigarettes comprise a varied group of devices that permit users to inhale an aerosol, which characteristically contains flavorings, nicotine, and other additives. E-cigarettes vary extensively in appearance and design, but usually operate in a similar manner and are made up of similar components.

"The Final Report will cover the impact analysis of COVID-19 on this industry."

Request To Download Sample of This Strategic Report:  https://www.kennethresearch.com/sample-request-10220899

Market Outlook

Rising awareness regarding health issues such as lung cancer and gum diseases caused by smoking conventional cigarettes, adoption of less harmful products and increasing tax hike is boosting the adoption of E-cigarettes. The World Health Organization (WHO) on July 2013, issued a declaration concerning about the potential risks of smoking E-cigarettes, that include irritation in throat and coughing. Thus, the above-mentioned reason is expected to restraint the market growth in the near future.

Market Segmentation and Analysis

The  E-cigarette market  is segmented on the basis of product type, and distribution channel. On the basis of product type, the market is sub-divided into rechargeable, modular and disposable. According to Insights and Reports analysis, modular E-cigarettes is expected to hold a lion share in the market owing to the availability of varied flavors which can be used according to the user's choice.

Modular E-cigarettes can also be adjusted to deliver varied power to the atomizer. Furthermore, on the basis of distribution channel, the E-cigarette market can be segmented into supermarkets, hypermarkets, online stores, specialty stores and others. Online stores is expected to hold a major chunk of the market owing to various options and models availability and ease of buying. Availability of different flavors and improved smoking experience is majorly boosting the growth of E-cigarettes.

Geographical Outlook

According to Insights and Reports analysis, North America is expected to hold a prime share of the E-cigarettes market owing to rising numbers of educational campaigns along with the ban implemented for smoking at public areas in the parts of the U.S. This has led towards the drop of conventional smoking by approximately 31% from 2005.

Thus, it has generated a huge market opportunity for E-cigarette sales in the U.S. In the year 2015, 27.1% of the youths were found using E-cigarettes by a survey conducted by National Youth Tobacco Survey. Additionally, it resulted in banning of E-cigarettes to minor in 41 states in the U.S. However, this ban of E-cigarettes to minor have impacted the growth of the market in the region.

Europe region is expected to at the prime rate owing to regulations and high price of conventional cigarettes. The total E-cigarettes smokes have increased from 2.7% in 2010 to 17.7% in 2014 only in the U.K. in a conventional cigarette, when tobacco is burned, a sticky substance called as tar is produced. Tar sticks to the lungs and damages it. Thus, the absence of tar produced while smoking E-cigarette is expected to drive the market during the forecast period in the region.

In Asia Pacific, and South America, there is a huge opportunity of growth. These regions are still lagging behind in the adoption of E-cigarettes owing to lack of awareness and huge price point. Manufacturers operating in these regions are expanding their business to penetrate even further by promoting their product through various sales channels.

Read More:-  https://www.kennethresearch.com/report-details/e-cigarettes-market/10220899

Competitive Outlook

To increase the presence in the global market, manufacturers are implementing strategies such as acquisition and mergers. For example, Altria merged with Philip Morris International in the year 2013 to expand market presence. Some of the key players operating in the market are Altria Group, Philip Morris International, British American Tobacco and VMR products among others.

About Kenneth Research:-
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

Contact Us:-
Name: David
Email : Sales@kennethresearch.com
Phone: +1 313 462 0609

The post E-Cigarettes Market August 2021 Report On 2021 SWOT Analysis, Key Business Strategies, Leading Industry Players, Regional Growth, Demand, Share, Challenges, Opportunities and 2030 Forecast Research Report appeared first on America News Hour .


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