E Cigarettes: Rechargeable, rechargeable… rechargeable e cigarettes are the newest trend in e-cigarettes, and now a new study suggests that they could be the best-selling product category in the world by 2030.
The study by the e-cigarette research firm Nielsen found that sales of rechargeable nicotine liquids are on track to surpass the $1.8 billion in sales of the tobacco-related tobacco products category this year, as the two products reach an annual sales milestone of $1 billion.
The report comes as the e cig industry continues to develop its own battery technology, and the market for rechargeable batteries is growing at a fast pace.
A recent Nielsen report showed that e cig sales increased by 50 percent in the last year, with sales up 10 percent in China.
“In 2020, we saw sales growth of more than 50 percent,” said Nielsen chief analyst Andrew Cole, referring to China.
And while that may not sound impressive, Cole said, the growth in China is being driven by the growth of e-cig companies.
“The growth is really due to the e cigarettes,” Cole said.
“You’re seeing e-cigs getting introduced in China, where there are more disposable products.”
And China is only the tip of the iceberg.
“For example, we see China in particular growing as e-commerce is becoming more popular,” Cole explained.
“We see that there are about 30,000 e-liquids being sold in China in the year to March 2021.
And that’s more than 10 percent of all the disposable e-liquid sales in China.”
“So, the overall number of disposable e cig products is growing, and that is what is driving the growth,” Cole added.
E-cigarette sales have grown steadily over the last several years.
And for now, Nielsen says, the industry has more than doubled since the beginning of 2020.
“That’s a huge jump, and I don’t think we’ve seen anything like that in the history of the industry,” Cole noted.
The company has been tracking the growth and adoption of e cig e-Liquid since its inception in 2012.
In that time, the company has seen a 40 percent increase in e cig revenues, Cole noted, with the company seeing the growth hit a high point of $4 billion in 2014.
“It’s been pretty impressive,” Cole told Fortune.
“What’s also really interesting about the growth is that it’s really all driven by two things.
And so, the numbers are going to continue to grow.” “
Both of those things are really driven by new technologies, new products, new markets.
And so, the numbers are going to continue to grow.”
The industry continues its meteoric rise, and Cole said the company is seeing it continue for a long time.
“I think we are going, if not for the growth, then certainly for the longevity,” he said.
The growth in the e cigarette market, Cole pointed out, is not something that is going to slow down anytime soon.
But we are seeing an acceleration of the market, and we see a huge amount of growth, and there’s no doubt that it will continue to accelerate,” Cole continued.”
And so, there’s a lot that can change in the future.
But we are seeing an acceleration of the market, and we see a huge amount of growth, and there’s no doubt that it will continue to accelerate,” Cole continued.