We looked back to the past, now let's look at the future.
Vaping has come a long way in the last ten years, with new technology, new brands and new laws. While it's impossible to tell what the future has in store for us, here are some predictions of what might be happening in the next 10 years.
In 2019, the vape market was hit after news stories came out about people dying from vaping. While this was later revealed to be due to an illegal chemical in the product, many countries started tightening their vaping laws, with places like India enforcing a country-wide ban of vaping, while countries like America started considering a flavour ban.
The stories have died down now, however it is possible that another story may come out in the future regarding illegal vape products causing deaths. This could lead to more vaping bans, however Martin Dockrell, head of Tobacco Control at Public Health England, assured citizens that all of England's vape products are tightly regulated for safety and quality to ensure that no counterfeit products are sold, meaning it is unlikely a ban will occur in the UK.
The Vaping Market
The e-cigarette industry in 2018 amounted to 11.26 billion dollars and is expected to reach 18.16 billion dollars by 2024, with a compound annual growth rate
of 8.28% over the forecast period (2019-2024). In recent years, with the increasing trend towards e-commerce, online retailing is also evolving as a powerful distribution channel and is expected to grow more, thus increasing the value of distribution platforms.
It is certain that more and more people are going to start switching from vaping to smoking as a healthier alternative, with vaping still being a popular trend and lots of statements coming out about vaping being better for you.
Technology is constantly evolving, and the same is true for vaping technology. In the past few years, we've seen introductions to pod devices, allowing you to hold your vape kit in the palm of your hand, as well as temperature control kits, allowing you to control the temperature your e-liquid vaporises at.
Over the next few years, companies are going to focus on building better vape kits, bringing improved flavours and a pleasant and leak-free experience. Devices could be introduced that monitor the nicotine dose and also advise the user on when to change the coils or pods.
The future looks bright for vaping, with new developments in the vape market promising great improvements to our vaping lifestyle.