Global Disposable Vape Market to Reach $6.3 Billion in 2022
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The global disposable e-cigarettes market size is expected to be valued at $6.34 billion in 2022, according to new research.
With growing demand for non-tobacco products owing to rising health concerns among others, the overall demand for disposable e-cigarettes is projected to grow at a CAGR of 11.2 percent between 2022 and 2032, totaling around $18.32 billion by 2032, according to a report from Future Market Insights (FMI).
The rising traction of using disposable e-cigarettes among consumers is expected to accelerate the market in the forthcoming years, according to FMI.
New and innovative products to comply with the growing demand for these products among consumers are being launched by many market players.
In January 2021, Dinner Lady, a U.K.-based vape brand launched a disposable vape pen, for example.
North America dominated the disposable e-cigarettes market and accounted for the maximum revenue share of 49.8 percent in 2021.
The increasing popularity of flavored disposable e-cigarettes offered by brands such as Puff Bar, Vuse, and Suorin, is one of the major factors that is expected to drive the growth of the industry in the region.