Vape Industry Updates: A Comprehensive Guide to Forex Trading
As the vape industry continues to grow, it’s important for forex traders to stay informed on recent developments. In this article, we’ll take a look at some of the most significant updates to the vape sector and explain their implications for forex trading.
Vapor Technology Association and U.S Vaping Industry
Vapor Technology Association (VTA) is the leading industry trade organization that is devoted to protecting and promoting the US vapor industry. As a member-driven organization, it is their aim to be the trusted resource for vapor-related businesses, researchers and government officials. VTA works across different channels, such as public health, media and political policies among others, to represent the interests of the vaping stakeholders. Their programs are focused on providing the latest information about vaping industry, education and advocacy to ensure a safe and regulatory environment for industry expansion.
VTA supports and advocates for the producers and retailers of vaping products by providing resources and research data to collaborate on evidence-based public policy. It is actively engaged in the enforcement of laws that promote the advancement of vapor technologies and the safe use of e-cigarettes. Their publications, webinars, conferences and activities provide helpful information on the latest trends and regulations surrounding the vaping industry.
Health Effects of E-Cigarettes
Results from toxicological studies suggest that e-cigarettes may be safer than conventional cigarettes. While traditional cigarettes have various toxic chemicals, e-cigarettes emit fewer byproducts. In addition, research indicates that vaping is less harmful than combustible cigarettes as it releases fewer chemicals into the air. Consequently, health disposables can help smokers transition to a less harmful form of nicotine delivery.
E-cigarettes may have other health implications, however. A recent and comprehensive literature review of electronic cigarette health effects found that usage of these products is associated with increased odds of heart disease and respiratory diseases. Additionally, e-cigarette flavors may be linked to higher sales of these vaping products, suggesting that it could increase nicotine addiction among adolescents.
Sales of Electronic Nicotine Delivery Systems
Reynolds and Juul have witnessed a stagnancy in sales amid the surge in the demand for disposable e-cigarettes. IRI data states that disposable e-cigarettes generated $2.74 billion sales in the year 2019. This is indicative of a strong shift in market preferences from reusable vaping products or e-cigarettes to cheaper and more convenient disposables. To cater to this emerging demand, companies have started to release a variety of disposables in congruence with a broader range of flavors and colors.
The disposable e-cigarette market size was valued around USD 22.45 million in the year 2022. The market is expected to experience rapid growth in the years to come with a projected CAGR of 30.6% from 2023 to 2030.
In addition, IRI data states that the total sales of electronic nicotine delivery systems (ENDS) grew by 14.3% in the year 2019. This indicates the increasing popularity of ENDS products, especially amongst younger generations. Companies, such as Blu Nation and Logic, have also expanded into growth of pens, tanks and more, in order to increase their product offerings.
In summary, the trends in the disposable e-cigarette market and total sales of ENDS indicate the growing appeal of vaping products and the emerging demand for cheaper and more convenient products. As such, companies are releasing a larger variety of products in an effort to meet the demands of adult consumers.