E-cigarettes are still growing rapidly, but trends vary from place to place

 In 2017, the total market value of cigarettes in China was nearly 50 billion US dollars. According to statistics, cigarette sales revenue in the global tobacco market is nearly 10 billion US dollars. In China, the cigarette industry has contributed a large tax revenue of more than 1 trillion yuan every year throughout the year. Sectoral economic benefits are considerable, but the harm to health is also self-evident.

According to statistics, cigarette sales revenue in the global tobacco market is nearly 10 billion US dollars. In China, the cigarette industry has contributed a large tax revenue of more than 1 trillion yuan every year throughout the year. Sectoral economic benefits are considerable, but the harm to health is also self-evident.

The cigarette market has a huge market share and can develop further. However, it should be noted that there are many problems with cigarettes such as high prices, low quality control and so on. The development of e-cigarettes will undoubtedly take away some of their customers’ share? Can e-cigarettes continue to develop?

THE EMERGENCE OF ELECTRONIC CIGARETTES HAS BEGUN TO AFFECT THIS CAKE AND HAS ATTRACTED WIDESPREAD ATTENTION FROM ALL WALKS OF LIFE SINCE ITS BIRTH IN 2003. HOWEVER, IN RECENT YEARS, THE DEVELOPMENT SPEED OF ELECTRONIC CIGARETTES HAS BEEN SLUGGISH.

E-cigarettes were invented by Chinese inventor Hon Lik about 10 years ago and started selling overseas in 2006. In 2009, it was popularized by the United States when it became a new type of tobacco product that could be legally sold without any government approval or regulatory permit. At present, the e-cigarette market is still growing at an annual rate of 30%.

Because China’s tobacco industry has not yet entered into full swing due to its low consumption rate, there are no specific regulations on electronic cigarette production or sales at present; therefore it is difficult for manufacturers to get permission (licenses) from local governments before they can enter the market or produce products according to standards set by international organizations such as WHO (World Health Organization).

ELECTRONIC CIGARETTE IS A NEW PRODUCT THAT IS CONDUCIVE TO PROTECTING PUBLIC HEALTH AND REDUCING HARM. ALTHOUGH IT IS DIFFICULT TO PROMOTE, ITS PROSPECTS ARE PROMISING.

The emergence of electronic cigarettes has begun to affect this cake and has attracted widespread attention from all walks of life since its birth in 2003. However, in recent years, the development speed of electronic cigarettes has been sluggish. This can be explained by several reasons: First, the government bans the use of electronic cigarette products (such as some cities banning indoor smoking). Second, there is still a lack of promotion for people’s understanding about e-cigarettes. Thirdly, many traditional tobacco smoke manufacturers have entered this market segment to compete for market share and profit margins. Fourthly, because some parts of the country banned domestic sales after releasing them at home and abroad; Fifthly, some local governments support other types of tobacco products over e-cigarettes through various policies such as tax exemptions or preferential treatment.”

In short, e-cigarettes have their own advantages in terms of health protection and harm reduction. With the development of science and technology, the market will gradually realize its potential