Market consulting firm Future Market Insights has recently conducted an unbiased analysis of the global Disposable Electronic Cigarettes market, providing historical data for 2017-2021 and forecast statistics for 2022-2032.
The report shows that in 2022, the global disposable e-cigarette market size is expected to be 6.34 billion US dollars. The overall demand for disposable e-cigarettes is expected to grow at a CAGR of 11.2% from 2022 to 2032, totaling approximately USD 18.32 billion by 2032 due to rising health concerns and growing demand for non-tobacco products .
Assuming that disposable e-cigarettes are a safe alternative to rechargeable e-cigarettes, this in turn is expected to drive market growth over the forecast period. In addition, increasing acceptance of different vaping devices by youths and teens will drive the growth of the disposable vaping market.
Major players in the market have started offering these products online through various e-commerce sites such as Amazon.
According to an article published by the Truth Initiative, online retail sales of e-cigarettes, including disposable products, will be 28% in June 2021. Moreover, the availability of disposable e-cigarettes approved by different health agencies such as the National Medical Products Administration (NMPA), as a better alternative to smoking, will align well with the growth trend.
The growing appeal of consumers, especially millennials, to use disposable e-cigarettes is expected to accelerate the market growth in the coming years. Key players are launching new and innovative products to cater to the growing consumer demand for these products.
For example, in January 2021, the British e-cigarette brand Dinner Lady launched a disposable e-cigarette pen, which is available in eight flavors including lemon tart, banana ice, citrus ice and strawberry ice. The initiative was taken to support consumers in terms of health and to make them a more sustainable choice from combustible cigarettes.
North America dominates the disposable e-cigarette market with the highest revenue share at 49.8% in 2021. Rising popularity of flavored disposable e-cigarettes offered under brands such as Puff Bar, Vuse, and Suorin is one of the major factors which is expected to drive the growth of the industry in the region.
Essentials of Market Research
In 2022, the global disposable electronic cigarette market will be worth 6.34 billion US dollars;
Disposable e-cigarette demand to grow at a CAGR of 5.6% from 2017 to 2021;
By flavor, the non-tobacco category is expected to constitute the majority of the disposable e-cigarettes market during the forecast period;
The offline segment dominates the disposable e-cigarette market through distribution channels;
Sales of disposable e-cigarettes are expected to boom at a CAGR of 11.2% from 2022 to 2032;
“In the near future, the demand for non-tobacco products is expected to boost the growth of the disposable e-cigarette market. It has been observed that the elderly prefer this product as it does not have any negative health impact.” An FMI analyst commented road.
Players of the global disposable e-cigarette market are focused on expanding their global reach through various strategies such as; partnerships, collaborations, and partnerships. The players are also investing heavily in research and development to increase the innovation of their products, which will help them strengthen their positions in the global market. Some of the latest developments from the key players are:
In May 2022, Flawless, one of Europe's largest e-cigarette distributors, signed an exclusive agreement with ELF BAR, a leading Chinese disposable e-cigarette manufacturer, to build the Gee600 disposable device for the UK's e-cigarette and FMCG industries.
In April 2022, Vaptex launched a new electronic cigarette device, the GORIN MAX 4500 mouth-adjustable airflow disposable cartridge, which expands some features between TAKIN and GORIN to provide a better combination for all electronic cigarettes.
In August 2019, VPR Brands, the market leader and pioneer in nicotine, cannabis and cannabidiol (CBD) e-cigarettes and vaping vaporizers, announced the relaunch of its most popular vaping brand, KRAVE.