The Vaping market
The United States, United Kingdom, and France are the three countries where vaping has developed the most commercially.
Other very powerful industries are blocking this growth. Medicinal product manufacturers (pharmaceutical industry) and cigarette manufacturers (tobacco industry) have taken a dim view of the arrival of e-cigarettes onto the market.
As such, faced with this new threat, they have stepped up their lobbying, and the economics of vaping is now strongly called into question in some countries around the world, particularly those who have chosen to listen to these lobbies who, in some cases, would like to see a ban on e-cigarettes.
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Key points in relation to economics
The e-cigarette market is experiencing strong growth since the first e-cigarette model marketed by Hon Lik was industrialised, and the sector is now estimated globally at some ten billion dollars and could continue to see strong growth.