The "Vapor Products Market (E-vapor and Heat-not-Burn Devices) - Global Outlook and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.

The growing global health awareness and technological developments aiding safer smoking is driving the global vapor products (e-vapor and heat-not-burn (HnB) devices) market and is expected to cross $43 billion by 2023, growing at an impressive CAGR of over 15% over 2017-2023.

The e-cigarette market is growing at a tremendous rate, thereby gaining popularity worldwide. Several key vendors are introducing next generation vapor products such as Heat-not -Burn (HnB) devices, e-vapor, smoke vapes, smokeless tobacco products, cig-a-likes, and reduced risk products (RRP) cigarettes due to the increasing popularity of e-cigarettes. The recent developments in the vapor products market are the introduction of vaping devices or battery-powered inhalers. These vaping products reduce the risk of tobacco-related diseases by eliminating the inhalation of tar and other toxicants by active and passive smokers. E-cigarettes/e-vapor and HnB devices are designed to simulate tobacco smoking by providing inhaled doses of e-juices through vaporizing the flavored liquid, which, in turn, will boost sales in the e-cigarette market.

The increasing demand and the potential growth of the vapor products market can be estimated through the case of Philip Morris. The company launched its first HnB device, iOQS, in Japan for pilot testing. Due to its high popularity, iQOS was launched nationwide in Japan in 2016 and became an immediate sensation in the HnB tobacco vapor market in Japan. As of November 2017, the penetration of iQOS in the Japanese tobacco market reached 11.9%. It also made its way into markets in 31 countries worldwide, with Japan being its largest market. According to Philip Morris, over 3.7 million consumers have already switched to iQOS globally.

Scope of the Report

Market Segmentation by Distribution Channel

Retail

  • Convenience Stores
  • Vape Shops
  • Tobacco Shops
  • Grocery Shops
  • Drug Shops
  • Others

Online

Market Segmentation by Product Category

E-Vapor

  • Cig-a-likes
  • Disposables
  • Rechargeable
  • Closed Tanks Systems
  • VTMs
  • E-Liquids
  • Pre-filled cartridges
  • Refill bottles
  • E-vapor aftermarket
  • Cartomizers
  • E-cigarette batteries

Heat-not-Burn (HnB) Tobacco Vapor Products

  • HnB Devices
  • HnB Tobacco Vapor Product Aftermarket

Companies Mentioned

  • JUUL Labs
  • PAX labs
  • XEO International
  • VPR Brands
  • Vapor Hub
  • Vape Holdings
  • Totally Wicked E-Liquid USA
  • RR Chemicals
  • MCIG
  • KangerTech
  • Joyetech Co
  • Johnson Creek, International Vapor Group
  • Gilla
  • Philip Morris International
  • Altria Group
  • British American Tobacco (BAT)
  • Japan Tobacco
  • NJOY
  • Imperial Brands
  • Ballantyne Brands
  • CB Distributors, Gamucci
  • Nicotek
  • ECIG
  • VMR Products
  • White Cloud

For more information about this report visit https://www.researchandmarkets.com/research/6lg38c/vapor_products?w=4