DUBLIN, Sept. 27, 2022 /PRNewswire/ -- The "Global E-Cigarettes Market Report 2022, by Product Type, by Composition Used, by Distribution Channel" report has been added to ResearchAndMarkets.com's offering.
The global E-cigarettes market is expected to grow from $18.15 billion in 2021 to $21.63 billion in 2022 at a compound annual growth rate (CAGR) of 19.2%. The market is expected to reach $38.53 billion in 2026 at a CAGR of 15.5%.
Major players in the e-cigarettes market are Philip Morris International, MCIG Inc, Altria Group Inc, British American Tobacco plc, Japan Tobacco Inc, Imperial Tobacco Group, Njoy Inc, International Vapor Group, Reynolds American Inc, and VMR Product.
Growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.
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