The COVID-19 pandemic has recently brought a sharp focus on lung health. The number of infected people in America has been increasing dramatically since April. New York State is the most severely affected area in the USA. It came out with a new instruction that starting on Monday, May 18, the sale of flavoured tobacco and vape products will be illegal in New York State to reduce the risk of serious lung disease caused by coronavirus by quitting smoking and vaping.
A challenge is also a chance
In the short term, the vaping ban online may cause turbulence in the vape industry. However, vaping business development is still an overwhelming trend in the long run, extending to nearly 5 to 10 years. The global revenue via selling e-cigarettes will exceed $ 60 billion from 2020 to 2025, growing at a compound annual growth rate of approximately 15%, according to Arizton Advisory & Intelligence. There would be a great opportunity left for the vape business in the near future. Vaporizers are products that have undergone storms. In 2019, many people had misunderstandings about vape devices, thinking of them as lung disease makers. But as a wise saying goes,
If a product is put on the market, even if the world abuses it, most people still buy it, which shows that the product has a developing market.
The prospect of the vape business
In fact, to distinguish whether there is any prospect for industry development. We can analyze from two aspects. On the one hand, it’s to see if there are customer demands. Do smokers indeed have a demand for electronic cigarettes? These years of experience have verified it.
On the other hand, it’s from government policy. EU governments always keep open to vape devices. However, the USA abolished a vaping ban. But that didn’t drive it up to a wall. Electronic cigarettes are no longer the accessories but are becoming daily necessities for smokers who switch to vapers.
Last but not least, I hope the passage can bring you a light for your vape business. The global business would reshuffle this time. Once you survive COVID-19, there will be a brighter future. Do you wanna fight together with us? Let’s have a heart-to-heart talk!
