Disposable Vapes are Becoming Popular as a
Safer Alternative to Traditional Cigarettes
One of the primary reasons
expected to drive the growth of the disposable vapes market over the
forecast period is consumers' shifting preference towards disposable vapes
to regulate daily nicotine dosage. Disposable vapes are expected to be a safer
alternative to conventional cigarettes. The wide range of flavours that
manufacturers offer adds greatly to the appeal of vaping. The rising acceptance
of various vaping devices among millennials and Gen Z will drive the expansion
of the disposable vapes market. The greatest advantage of disposable vapes is
their simplicity, convenience of usage and accessibility. Disposables make
it possible for anyone who wants to quit smoking to begin vaping with a significantly
lower barrier to entry. The overall market for disposable vapes is anticipated
to increase owing to rising health concerns and growing demand for non-tobacco
products.
Flavoured Disposable Vapes Leads to Market
Expansion
The rise in disposable vapes
could be attributed to the FDA's marketing denial orders (MDO) issued to
numerous flavoured pod-based devices since the premarket tobacco application
process (PMTA) started. Disposables face even less regulations outside the
United States. Sales of disposable devices have increased in
Australia, UK and even South Africa. In the United States, disposable
devices represent approximately one-third of the sales. The rising popularity
of flavoured disposable vapes from brands such as Puff Bar, Vuse and Suorin is
expected to drive the North America region's disposable vape market. Disposable devices
are also popular in fuel stations, convenience stores and in certain
cases, liquor stores. This corresponds to smokers' current purchase habits,
making the transition from cigarettes to a disposable vape easier. This is
one of the most powerful, methods of promoting vaping's tobacco harm reduction
(THR) capabilities. Following that, smokers are frequently able to seek out the
additional benefits of more classic vape setups. It's an excellent opportunity
for regulators and vape manufacturers to collaborate in promoting
disposable vapes as a sort of transition from cigarettes to long-term
devices. Disposable vapes and e-cigarettes are one of the market's largest and
fastest-growing segments.
Potential Environmental Harm & Strict
Regulations Restricts the Market Growth
One of the most significant
problem is the lack of recycling of disposable products, companies
that manufacture disposables should be forced to make attempts to promote
recycling of their products in some way. The majority of
manufacturers shifted to rechargeable devices with larger e-liquid
capacities. This has the potential to significantly reduce the amount of waste
produced. Vape companies can reduce waste by simply doubling the capacity
of a disposable vape. Increased regulations are hampering the market.
Many parents and anti-vape activists blame manufacturers for the increase in
underage vaping. One of the infamous companies is the Puff Bar.
Novel Innovations of Disposable Vapes are Driving
the Market Growth
The shifting consumer preference
for more convenient smoking, without the need for recharging or refilling, will
help the market gain traction in the coming years. For example, RELX
International entered the disposable market in May 2022, adding two new disposable
vape brands to its line-up of luxury vapes in the United Kingdom: RELX x
BubbleMon and WAKA Mini. Flawless UK Vape Distribution Ltd., one of Europe's
top vaping distributors, signed an agreement in May 2022 with ELF BAR, the
leading Chinese company of disposable vape, to develop the Gee600
disposable device for the UK's vape and FMCG sectors. Vaptex released a new
vape device, GORIN MAX 4500 puffs adjustable airflow disposable pod, in April
2022, which combines several features from TAKIN and GORIN for a better combo
for all vapers.
The prominent players operating
in the global disposable vapes market are: Altria Group, Inc. (Philip Morris
Products S.A.), British American Tobacco PLC, Imperial Brands PLC, Japan
Tobacco Inc., VOOM Labs, Puff Bar, Shenzhen Htopvape Technolgy Co., Ltd,
Shenzhen IVPS Technology Co., Ltd (SMOK), Eleaf, InnokinTechnology, Shenzhen
FreeMax Technology Co., Ltd. (FreeMax), Aspire, GEEKVAPE, IJOY, ICCPP.com
(VOOPOO), Shenzhen iMiracle Technology Co., Ltd (ELFBAR) and Shenzhen Youme
Information Technology Co., Ltd. (suorin).
Disposable Vapes Market
is Being Driven by the Increased Focus on Acquisitions & Advancements in
Disposable Vape Technology
Philip Morris International,
British American Tobacco, Japan Tobacco International and Imperial Brands are
known as “Big Tobacco”. The Big 4 and its subsidiaries, or branches
it operates globally, are the driving force behind the popularity of
disposable vapes. Disposable vapes today range from tiny Juul-shaped devices to
large-capacity devices that fill the user's hand and give thousands of puffs.
While all products contain rechargeable lithium ion cells, only those with
more than a day's worth of e-liquid include built-in USB connectors that allow
users to recharge them till the liquid runs out. As disposable vape pens become
more appealing to consumers, innovation has also led to exponential growth.
Expansion in the disposable vape market represents opportunity for
both consumers and companies. Each group can benefit from the advancements in
disposable vape technology and the inherent advantages. The steady growth of
technology will result in a continuous improvement of the items offered to
consumers.
The report provides a detailed
overview of the disposable vapes market insights in regions including North
America, Latin America, Europe, Asia-Pacific, Oceania, and the Middle East and
Africa. The country-specific assessment for disposable vapes market has been
offered for all regional market share, along with forecasts, market scope
estimates, price point assessment, and impact analysis of prominent countries
and regions. Throughout this market research report, Y-o-Y growth and CAGR
estimates are also incorporated for every country and region, to provide a
detailed view of the disposable vapes market. These Y-o-Y projections on
regional and country-level markets brighten the political, economic and
business environment outlook, which are anticipated to have a substantial
impact on the growth of the disposable vapes market. Some key country and
region included in the disposable vapes market report as follows:
North America (U.S., Canada)
Latin America (Mexico, Argentina,
Brazil, Peru, Chile)
Europe (Germany, France, Italy,
U.K., BENELUX, Nordics, Spain, Poland, Russia, CIS)
Asia Pacific (China, ASEAN,
India, Japan, South Korea)
Oceania (Australia, New Zealand)
Middle East and Africa (South
Africa, GCC Countries, Turkey, Israel, Iran)
The Disposable Vapes Market Research Report
Covers In-depth Analysis on:
·
Disposable vapes market segments
·
Disposable vapes market dynamics
·
Disposable vapes market value and share analysis
·
Recent trends, restraints, opportunities in disposable
vapes market
·
Companies & competition involved disposable
vapes market
·
Latest technologies in disposable vapes market
·
Supply chain and value chain disposable vapes
market
·
Disposable vapes market sales and distribution
strategies
Disposable Vapes Market Growth Highlights:
·
A comprehensive overview of parent market
·
Market dynamics, demand and trends in the
industry
·
Current, historical and anticipated market size
in terms of volume
·
In-depth market segmentation
·
Competition landscape
·
Key strategies of leading companies and product
portfolio
·
Disposable vapes industry trends and developments
·
Potential and country, regions and segments
exhibiting future growth
·
A detailed viewpoint on disposable vapes market
forecast by countries
·
Essential information to enhance market position
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