The COVID-19 pandemic has brought a sharp focus on lung health recently. The number of infected people in America has been kept increasing dramatically since April. Now the 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 flavored 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 also a chance
In the short term, the vaping ban online may cause the turbulence in vapes industry. However, in the long run, the vape business development is still being an overwhelming trendy extended 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 vape business in the near future. Vaporizers are the products that had undergone storms. In 2019 many people had misunderstandings on vape devices thinking it as a lung disease maker. But as a wise saying goes,
If a product is put on the market, even if the world people abuse it. Most people still buy it that shows the product with a developing market.
The prospect of the vape business
In fact, to distinguish there is any prospect for industry development or not. We can analyze from two aspects. On the one hand, it’s to see if there are demands among the customers. Do smokers indeed have a demand for electronic cigarettes? These years’ experience has verified it. On the other hand, it’s from government policy. EU governments always keep open to vape device. Although 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 under COVID-19, there would be a more bright future. Do you wanna fight together with us? Let’s have a heart-to-heart talk!