E- Cigarette Wholesale Market

The new technologically modified device has seen the boom in all over the world, making many smokers draw interest in it as an alternative for tobacco cigars. The rising awareness and health conscious campaigns forced many to think about the adverse effects caused by the cigars. But e-cigars is emerging as new industry and many tobacco companies are investing their capital in this emerging trade.

E-cigarette accessories

The e-cigar was invented by a Chinese medical researcher a decade ago has a battery that is used a heating element to vaporize the nicotine, allowing its users to simulate the feeling of smoking a usual cigar. It was released in 2005 and since then the turnout of this industry has increased rapidly.

Global Market and Annual Growth

In US, the sales percentage on e-cigarettes wholesale has grown rapidly with the annual rate 115 percent from 2009 to 2012 period.  And estimates show that the boom in this industry and its market would be around 10 billion USD by 2017. The interesting thing to note about the production on e-cigarettes is that 95 of the world total e-cigarettes are produced in Shenzhen, China. If only 1 percent of China’s smoking population turned to e-cigarette, then it would create a market of about 3.5 million USD. Global trends suggest that the industry is booming and is about to attract huge potential market in upcoming future.

Wholesale Market and its Future

The E-cigarette wholesale market is going to see huge growth worldwide as the traditional smokers are turning to e- cigars, finding them as the correct alternative to reduce their health risks. Researchers claim that using e-cigars as the replacement is not going to make significant difference to reducing the health related diseases. But increasing popularity among smokers is certainly going to provide the necessary boost to this industry.

It’s estimated that the industry will have 39.6 billion dollar wholesale market by 2024. The global wholesale market will also see the huge boost. The predictions are made that the industry may face challenges due to government regulations. The US FDA imposed regulations that ban the sale of e-cigars to people user the age of 18. The stringent advertising regulations have been introduced in the UK.

The “Tobacco Talk“ survey in May 2012 sent ripples through e-cigarettes wholesale industry stating that the wholesale market on the global liver will quadruple in the next four years. These findings were based on 30,000 retailers and wholesalers. More than 75 percent people believe that the vaping is not merely a fad. One of the wholesalers responded and said that the reduced retail rates, new products and technology and better consumer knowledge will be key for the industry to bloom. A government survey of US concludes that at 2010, 2.7 percent of adults had tried vaping, up from 0.6 percent in 2009 showing a 350 percent growth.

Bottom Line

Many are finding e-cigarettes as a better replacement of traditional tobacco cigars, and this has helped the industry to grow rapidly. Many surveys show that the industry has huge potential and will certainly attract many smokers to use e-cigarettes.