IBVTA Forum 24: Spotlight on UK vaping innovation, regulatory trends and business insights

Events by 2FIRSTS
Oct.23.2024
IBVTA Forum 24: Spotlight on UK vaping innovation, regulatory trends and business insights
IBVTA successfully held its annual IBVTA Forum 24 in Birmingham, discussing e-cigarette innovation, regulation trends, and more.

The Independent British Vape Trade Association (IBVTA) successfully hosted its annual forum on 22 October at the Birmingham National Conference Centre. 

 

The forum brought together policy makers, regulators, law enforcement, industry experts and market practitioners from the UK e-cigarette industry to discuss innovative challenges, future regulatory trends, business insights, tax issues and more. 2FIRSTS attended the conference and provided live coverage of the event.

 

IBVTA举办2024年度论坛:聚焦英国电子烟创新挑战、监管趋势、商业洞察
IBVTA forum live | Image source: 2FIRSTS

 

During the forum, Marsha Bell, representing the UK's Department for Trade Standards, pointed out that local authorities with limited resources face significant challenges in dealing with the rapid growth of the e-cigarette market. She mentioned that law enforcement agencies are struggling with how to store and dispose of the large quantities of non-compliant products they seize.

 

As the demand for illegal e-cigarettes continues to grow, the number of products seized is increasing and local authorities often lack the space and resources to deal with these items properly.

 

IBVTA举办2024年度论坛:聚焦英国电子烟创新挑战、监管趋势、商业洞察
Marsha Bell, representative of the British Department for Trade Standards | Image source: 2FIRSTS

 

 

Craig Copland, MHRA E-cigarette Notification Manager, emphasised in a group discussion the importance of a thorough understanding of the 2ml e-liquid limit in the market. He believes that innovative products such as 2+10 and 4in1 reflect progress in the market and is positive about the nature of these products.

 

IBVTA举办2024年度论坛:聚焦英国电子烟创新挑战、监管趋势、商业洞察
panel discussion (first from left: Craig Copland) | Image source: 2FIRSTS

 

IBVTA member Liam Humberstone's presentation focused on 'Product innovation and how manufacturers should respond'. He highlighted the rise of disposable products such as ELFBAR, LOSTMARY and SKE, stating that the market needs more sustainable products to meet consumer demand. 

 

Humberstone referred to large quantities of smuggled products as "opportunists", noting that these products violate UK regulatory policy and impact on compliant markets.

 

IBVTA Forum 24: Spotlight on UK vaping innovation, regulatory trends and business insights
IBVTA member Liam Humberstone speech | Image source: 2FIRSTS

 

In addition, local British consultancy NIQ presented a recent research report on the e-cigarette market at the forum, which revealed the most popular e-cigarette brands on the current market, including ELFBAR, LOSTMARY, VUSE, SKE, IVG and GOLDBAR. Among them, the most popular brand is SKE and the most popular flavour is pineapple.

 

IBVTA举办2024年度论坛:聚焦英国电子烟创新挑战、监管趋势、商业洞察
British local consulting agency NIQ executive analyst | Image source: 2FIRSTS

 

In terms of tax policy, UK-based consultancy Counterfactual also provided detailed insights into the current tax status and potential future trends of the e-cigarette industry.

 

In addition, participating organisations such as DEFRA, Wastecare and GAP shared their efforts and achievements in recycling e-cigarette products and protecting the environment, emphasising the industry's responsibility and commitment to sustainable development.

 

These discussions not only provided participants with valuable market and policy information, but also offered new ideas and solutions for environmental practices within the e-cigarette industry.

 

IBVTA Forum 24: Spotlight on UK vaping innovation, regulatory trends and business insights
British consulting firm Counterfactual's speech | Image source: 2FIRSTS

 

Finally, Marcus Saxton, Chairman of IBVTA, gave a detailed overview of the association's support for the All-Party Parliamentary Group (APPG) in the UK Parliament. He mentioned that the APPG is committed to providing a platform for discussion within Parliament on the issue of e-cigarettes, with a particular focus on appropriate regulation and industry responsibility.

 

IBVTA举办2024年度论坛:聚焦英国电子烟创新挑战、监管趋势、商业洞察
Marcus Saxton, Chair of IBVTA | Image source: 2FIRSTS

 

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Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn


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