Expected growth of 27.89 billion dollars in the e-liquids and e-juice market | 19.2% CAGR growth by 2027
NEW JERSEY, UNITED STATES, November 22, 2021 /EINPresswire.com/ — The description
The Global E-Liquids and E-Juices Market CMI Size, Status and Forecast 2027 “” study provides an overview of the global e-liquids and e-juices market. This section highlights the main impact factors and restrictions limiting expansion. It allows people to understand various flaws and how they can hinder future growth. This section is one of the most important in the report because it explains how many macro and microeconomic factors affect growth. The research also examines the role of several sectors in expansion, including small and large-scale operations. In addition, industry experts presented current trends and prospects that are expected to drive growth in the years to come.
The global e-liquids and e-juice market is expected to reach US $ 27.89 billion by 2027, with a CAGR of 19.2% during the forecast period (2019-2027).
In addition, the increase in cases of lung cancer, due to smoking, is leading to an increasing demand for electronic cigarette devices. According to the American Cancer Society, approximately 222,500 new cases of lung cancer were reported in the United States in 2015, including 116,990 men and 105,510 women.
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Main key players in this market:
Black Note, Breazy, Crystal Canyon Vapes LLC, eLiquid Factory, Halo, Henley, Highbrow Vapor, Mig Vapor LLC, Mt Baker Vapor, Strix Elixirs, Vape Dudes, VaporFi, Inc, Virgin Vapor, VistaVapors, Inc., VMR Products LLC, and ZampleBox, LLC.
Product and application segments were included in the study. All articles on the E-Liquids and E-Juices market today have been registered by researchers. They also shed light on new versions and product advancements from important players. The researchers provided revenue forecast figures for the period 2021-2027 in the segmental study, by type and application. They also talked about the growth rate and potential of each segment from 2021 to 2027.
Among the major regions studied in the research report are North America, Europe, Asia Pacific, Central and South America, as well as the Middle East and Africa. Experts in this section of the research looked at a number of sectors that are contributing to development and may offer profitable growth opportunities for manufacturers in the years to come. The research also includes sales and revenue forecast data for the years 2021-2027 by area and country.
Key points of the market:
Among product types, the refillable segment held a dominant position in the global e-liquids and e-juice market in 2018. Major players adopt various business strategies such as product development and new product launch, in order to to strengthen their presence in the global e-liquid market. e-juice and liquids market. For example, in 2017, Innokin launched the Endura T20 kit for e-liquid on the market. It is simple and flexible to use.
Among the regions, North America accounted for 37.8% revenue share in the global e-liquids and e-juice market in 2018, and is expected to maintain its dominance during the forecast period. The increasing number of lung cancer cases, due to smoking, is increasing the demand for electronic cigarette devices, which in turn is driving the market growth in North America.
According to the American Cancer Society, approximately 228,150 new cases of lung cancer were reported in the United States in 2019, including 116,440 men and 111,710 women. The increasing incidence of lung cancer cases due to smoking is inadvertently fueling the demand for electronic cigarette devices and hence fueling the growth of the global e-liquids and e-juice market. The United States and Canada are the main engines of growth in North America.
The major players operating in the global e-liquid and e-juice market are Black Note Vape Inc., Fontem Ventures BV, Crystal Canyon Vapes LLC, e-Liquid Factory, E-liquid Brands LLC, Mig Vapor LLC, Vape Dudes , KAIs Virgin Vapor, ZampleBox LLC and VaporFi Inc.
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