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E-Cigarette Industry Growing with Robust CAGR says P&S Intelligence

Share this article Share this article NEW YORK, March 15, 2021 /PRNewswire/ Every year, eight million people die from tobacco use, with 1.2 million of these deaths being a result of the inhalation of second-hand smoke, says the World Health Organization (WH0). Thus, the dangers of conventional cigarettes for those who smoke them and even for those who do not are to be a key factor behind the increase in the global e-cigarette market size from $15.7 billion in 2019 to $39.0 billion by 2030, at a 9.2% CAGR during 2020–2030. This is because apart from nicotine, the key neurostimulant, tobacco contains more than 4,000 other harmful chemicals that cause asthma, chronic bronchitis, and lung cancer. Therefore, the e-cigarette market is growing on account of the promotion of such products as a less-harmful variant than conventional cigarettes; the liquid in such devices, called the e-juice, does not contain tobacco. Moreover, e-cigarettes do not contain butts or create ash, therefor

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