Vaping professionals are well aware of the constant perturbations that the vape industry is undergoing. If you're wondering what 2024 has in store for the e-cigarette market, sit comfortably — we've done this work for you! Let's take a look at the future of vaping, market forecasts, and key vaping trends.
Source: unsplash.com
According to vape market size dynamic, the future of vaping is promising. Despite increasing regulations in many countries, the e-cigarette market continues to thrive, fueled by a growing number of young adult consumers.
Based on a Statista report, the e-cigarette market is led by the top 5 countries in generating global revenue. The US and the UK take the lead, followed by Canada, Russia, and China. Overall, the market is projected to reach $26 billion in 2024, with a CAGR of over 3%. This implies that by 2028, the vaping market volume will be worth over $29 billion!
Source: Statista Market Report (CBD liquids not included). Most recent update: Dec 2023
While the market appears to be rising, there are other vaping trends projected to drive the global e-cigarette market in the forecasted years. Let's uncover them.
The offer of “smart” vapes by tech-oriented brands will be a must. Consumers are seeking innovation, and the market is driving the demand for technology integration into vaping devices. These smart features include but are not limited to Bluetooth connectivity, integration with smartphones, app compatibility, and advanced tech for an interactive vaping experience.
Excitingly, one of the most recent Flonq product additions responds to the latest vape developments. Flonq Max Smart features an incorporated LCD screen that offers real-time data on battery and liquid levels.
Moreover, Flonq has something special in store for 2024 – stay tuned for more, and check our website and socials from time to time!
In 2024, the vaping scene is all about diverse flavours! Industry data underscores the crucial role that flavour variety plays in consumer choices and also in abandoning cigarettes consumption.
For instance, the Harm Reduction Journal study illustrates the value of diverse flavour profiles in quitting smoking. According to it, the following flavours were considered the most helpful: fruit-flavoured, up to 83%, followed by dessert-pastry-bakery at 68%, and candy-chocolate-sweet at over 44%.
Meanwhile, just 9% of respondents considered tobacco-flavoured vapes helpful. This shows that if certain countries, such as the UK government, simply ban flavoured vapes, it might not really help to improve health as the industry is worried about.
What’s more on the vaping scene? Nicotine-free and low-nicotine e-liquids are gaining popularity for their smoother vaping experience. Some vape brands are placing special attention on this trend.
Another latest: vapers are increasingly visiting shops to try various flavours before making a purchase, with companies offering e-liquid samples for tasting.
Source: Henry Taylor / The Leaf-Chronicle
To those who love experimenting with flavours, the art of pairing e-liquids can be a rewarding experience. Flonq's strongest advantage comes into play here.
In 2023, we proudly launched a game-changer: Flonq Liquids. This product is a testament to our dedication to crafting delicate and recognisable flavours, offering an exotic fruity mix to sweet desserts and candies, along with refreshing minty sensations. We worked really hard to provide finesse in every drop.
Vape pods and mods are continuing gaining share in the market for their simplicity and portability. Vapers are taking battery capacities into consideration when choosing a brand to ensure a longer vaping experience. As a result, in 2024, pod systems are set to evolve with increased capacity, improved battery life, and ultra-fast chargers, to match the vibe of innovation.
Moreover, in response to market demand, manufacturers are introducing various designs, including disposable and refillable options, with batteries as large as 500mAh and more. Type-C rapid chargers are also a user’s requirement.
And here also, Flonq keeps up the pace! We invite you to try our latest — Flonq Max Smart and Flonq Max. Both devices are featuring impressive liquid capacity and rechargeable batteries of 650mAh and 800mAh respectively, with a Type-C connector.
Eco is stealing the spotlight in the majority of industries, and the vaping market is not an exception. Most vape brands are aligning their business with a mandatory agenda.
In 2023, the concerns raised by environmental organisations and the UK government have sparked a significant shift towards sustainable practices. The wave of change includes, so far, eco-friendly packaging, recyclable materials, and the brand's dedication to reducing carbon emissions. The rise of environmentally-friendly vaping products is evident, with vapers favouring brands actively adding eco features to their products.
Source: point.md
Learn more about how Flonq responds to environmental challenges. Spoiler: in just one year, we managed to recycle 15 tons of waste in Eastern Europe alone, thanks to our advanced industry solution – the installation of eco bins!
Moreover, last year, Flonq introduced to the market its flagship device — Flonq Plus E with a disassembly solution that separates the e-cigarette into plastic parts and the battery. This solution makes the device suitable for simple recycling.
While we revealed dominating vaping trends in 2024, there is much more happening in the industry. Explore additional articles on our blog for further insights into the vaping industry and Flonq products!
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