E Cigarettes & Vapourizer Market Size , Share , Trends , Analysis and Forecasts To 2022
Global E-Cigarettes & Vapourizer Market accounted for $ 7.47 billion in 2015 and is anticipated to reach $ 28.57 billion by 2022 growing at a CAGR of 21.1 % from 2015 to 2022 . Growing demand for distribution channels of e-cigarettes and accessories is the primary factor favouring the market growth . Furthermore , increasing number of brands , innovative product launches and product customizations are some of the drivers favouring the market growth . However , uncertain regulatory framework , increasing incidents of e-liquid poisoning and compatibility issues are some of the restraints hampering the market growth . New taxes on e-cigs in cities like Washington , D . C ., are damping sales , as are new regulations , like measures passed this year in Indiana that require manufacturers to secure permits and list ingredients . The industry also is awaiting final rules from the Food and Drug Administration , which could require federal approval for nearly all flavored liquid nicotine juices and e-cig devices .
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Disposable E-Cigarette segment commanded the largest share in 2015 , while Rechargeable E-Cigarettes is growing at the highest CAGR durig the forecast period . North America is expected to witness highest growth rate over the forecast period . Europe being one of the largest markets in the e-cigarette industry it is hub to provide conflicting regulatory regimes .
Some of the key players in this market include Japan Tobacco , Inc ., First Union , International Vapor Group , Inc ., Marlboro , Lorillard , Inc ., Pacific Smoke International , British American Tobacco Plc ( Bat ), Cloudcig , Steamlite , Smokefree , Victory Electronic Cigarettes Corporation , Altria Group , Inc ., Reynolds American Inc ., Puff Ecig , Bull Smoke , Feellife Bioscience International Co . Ltd , Fontem Ventures , Philip Morris International , Inc ., Ballantyne Brands , Llc and Nice Vapor .
Composition Covered : Flavors Nicotine Diluents E-Liquids
Products Covered : E-Go Electronic Cigarette and Tank E-Cigars Rechargeable E-Cigarette Disposable E-Cigarette Personal Vaporizers and Mods