FOR IMMEDIATE RELEASE
ECigIntelligence forecast: US market will shrink by 13% as vapers return to smoking, despite government warnings not to do so
The recent outbreak of lung disease linked to vaping in the United States will sharply slow the growth of the world’s e-cigarette industry over the coming year.
The US will suffer the business consequences most heavily, with the market expected to shrink by 13%, according to specialist researchers at ECigIntelligence.
This will largely be the result of “dual users” – individuals who both vape e-cigarettes and smoke tobacco products – reverting to the use of conventional tobacco products alone.
Both the lung outbreak itself, and the bans on vaping products imposed by some US states as a result, are major factors in this change.
“Consumers abandoning vapour and returning to smoking will not only be a blow to the sector, but also threatens to reverse many of the public-health benefits that e-cigarettes have conferred,” said Barnaby Page, editorial director of ECigIntelligence.
“Although it seems increasingly unlikely that legitimate nicotine vapour products are the cause of the problem, and although both the CDC and FDA are advising that vapers who use these products should not return to smoking, the damage in terms of public perceptions may already have been done.”
In 2020 the global vaping market will be valued at USD 14.4 billion. This means growth of the global market between 2019 and 2020 will be flat – but before the emergence of these issues affecting the industry, ECigIntelligence had forecast 14% year-on-year growth.
The consequences of the high-profile events in the US will be felt less acutely in other countries, but both Canada and Britain will be affected, ECigIntelligence predicts.
In both countries, the 2019-20 growth rate for the e-cigarette market will be roughly halved to 10%.
However, other major European markets are not expected to be impacted, ECigIntelligence says.
ECigIntelligence (www.ECigIntelligence.com) is the leading provider of detailed global market and regulatory news, analysis, legal tracking, and quantitative data for the e-cigarette, heated tobacco and combustible-alternatives sector worldwide. We also offer customised research and consultancy support, and we publish CBD-Intel (www.CBD-Intel.com) for the CBD sector.
For further information or comment, please contact us.