The vaping industry has been steadily growing over the last several years. The number of available and sold vape gear has constantly been increasing,and the industry is doing a great job in both retaining customers and attracting new users. The best indicator of that is the range of new products that have been appearing, such as a cheap mini vape.
The experts estimate that the retail sales value of e-cigarettes in 2018 has exceeded $3.5 billion only in the United States. Furthermore, the prognosis indicates that the vaping industry will make more sales than traditional cigarettes by the end of 2048. Why are these devices so popular nowadays? The answer probably lies in younger generations, which are more open to tech gadgets and “advanced” products. Furthermore, the statistics indicate that vape usage has been increasing among teenagers.
Although schools are trying to reduce their popularity with various policies, it seems that it doesn’t significantly affect the number of users. While the steady growth of the industry shows that vaping may present a great investment opportunity, we can probably expect the regulations related to advertising and sales to become stricter in the coming period. It will be interesting to see how small manufacturers will cope with that as they may have problems meeting the new standards. The fact that some of they may go bankrupt shouldn’t affect big brands and manufacturers. If anything, that course of developments will go in their favor as they will strengthen their position on the market. With that in mind, here is an overview of corporations that are big tobacco companies, but have the necessary funds to increase vape production and drive their growth:
· Lorillard - The company acquired BlueCigs seven years ago, which makes them the pioneers of tobacco companies who entered the e-cigarette market. They seem to have made the right decision at the time as they recently decided for another acquisition. The premium UK brand SKYCIG allowed them to enter the global e-cigarette market and get a significant portion of market share.
· Philip Morris - Although it took them a bit more to enter the electronic cigarette market when Philip Morris did so in 2014, it delivered great results. The company is also famous for its generous dividends, which is another reason for investors to consider it.
· British American Tobacco - thiscompany had their e-cig line recently launched in the UK.They are a large corporation that evaluates each decision carefully before making it. ·
Altria – a US-based company with headquarters in Indiana, is another company offering generous dividends. Naturally, you can also go down the road of supporting small manufacturers. If you use vape gear yourself, the chances are you already have a personal favorite. That inside information on the quality of products is what you may need to identify the right company to invest in for potential profit. The truth is that the risk may be a bit greater, but the good news is that the profit will be bigger in case of success, too.