Recently, The Business Research Company released a research report stating that the global market size of electronic nicotine delivery systems (ENDS) is expected to grow from $19.92 billion in 2021 to $25.03 billion in 2022, with a compound annual growth rate (CAGR) of 25.6%. The market growth mainly attributed to companies resuming operations and adapting to the new normal, while recovering from the impact of the COVID-19 pandemic. Earlier measures to combat COVID-19, including social distancing, remote work, and closure of business premises, had restrictive effects. The ENDS market, including e-cigarettes, is expected to reach $55.99 billion in 2026, with a CAGR of 22.3%.
The market being discussed in this report includes vaporizers, electronic cigarettes, and other electronic nicotine delivery systems (ENDS). Vaporizers cover electronic cigarette vaporizers, cannabis vaporizers, and medical vaporizers. Electronic cigarette types include disposable electronic cigarettes, rechargeable electronic cigarettes, and open-system electronic cigarettes.
The report covers 60 regions, including Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, United Arab Emirates, United Kingdom, United States, Venezuela, and Vietnam.
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