What does the future of the vaping industry look like?
There is no doubt now that the vaping industry of the future will include a large, robust black and gray market component. That is going to happen no matter how the FDA decides to enforce the PMTA rules, because there are so many other restrictive laws, flavor bans, and excessive taxes on vaping products across the country.
What happened to the Chinese vape industry in the US?
After the Aug. 8, 2016 cutoff date for bringing new products to market, new products continued to flow into the United States from the Chinese manufacturers in Shenzhen. Each of the major Chinese vape manufacturers has announced PMTA submissions for a small number of products.
Why are so many vape shops closing?
Amanda Wheeler, who co-owns five vape shops and runs two state trade groups (in Arizona and Colorado) has seen many shops close permanently because the owners feared long-term commitment in the current regulatory and legislative environment. With #PMTA ‘s right around the corner don’t forget to support your local vape shop!
What happens if the FDA only approves a few vape products?
If the FDA approves just a few dozen products, every shop will essentially offer the same products. Then, says Amanda Wheeler, the business will become a destructive price war. As dedicated vape shops have declined, smoke shops have stepped in to sell vaping products in many areas.
What is the future of vape industry?
In 2019, the global vape and e-cig market size were estimated to be USD 12.41 billion, but it's projected to grow at a compounded annual growth rate of 23.8 percent in the future. From 2020 to 2027, the industry will attain traction over the forecast period.
Is the vape industry growing?
Report Overview. The global e-cigarette and vape market size was valued at USD 18.13 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 30.0% from 2022 to 2030.
What caused the vape crisis?
CDC investigators identified direct exposure to chemicals present in illegal cannabis vaping products as a likely culprit for the outbreak, but the CDC did not rule out other chemicals in nicotine vapes as possible causes....2019–2020 vaping lung illness outbreakConfirmed cases2,711Deaths616 more rows
What is the biggest concern about vaping?
Besides nicotine, e-cigarettes can contain harmful and potentially harmful ingredients, including:ultrafine particles that can be inhaled deep into the lungs.flavorants such as diacetyl, a chemical linked to serious lung disease.volatile organic compounds.heavy metals, such as nickel, tin, and lead.
How much has the vaping industry increased?
Report Overview. The U.S. e-cigarette & vape market size was valued at USD 6.09 billion in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 27.3% from 2021 to 2028. The market growth can be attributed to the increasing awareness of safer tobacco alternatives.
What are the statistics on vaping?
In 2018, 14.9% of adults had ever used an electronic cigarette (e-cigarette), and 3.2% were current e-cigarette users. The prevalence of adults who had ever used an e-cigarette and were current users was highest among men, non-Hispanic white adults, and those aged 18–24.
Which is worse vaping or smoking?
1: Vaping is less harmful than smoking, but it's still not safe. E-cigarettes heat nicotine (extracted from tobacco), flavorings and other chemicals to create an aerosol that you inhale. Regular tobacco cigarettes contain 7,000 chemicals, many of which are toxic.
What's the latest news on vaping?
FDA to Ban All E-Cigarette Pod Flavors Except Tobacco and Menthol. The FDA plans to ban the sale of fruity flavors in cartridge-based e-cigarettes, but the restriction won't apply to tank vaping systems commonly found at vape shops.
Why do teens vape?
addiction, they like the “hit” they get from nicotine. appealing flavors (e.g. fruit, candy, dessert) devices are seen as trendy, or a status symbol. they consider vaping “harmless” and “safer than smoking” in order to quit or cut down on smoking.
Can your lungs heal from vaping?
Breathing in the harmful chemicals from vaping products can cause irreversible (cannot be cured) lung damage, lung disease and, in some cases, death. Some chemicals in vaping products can also cause cardiovascular disease and biological changes that are associated with cancer development.
Why is vaping a public health concern?
Vaping increases the risk of teens developing an addiction to nicotine. Vaping exposes children and teens to harmful metals and toxic chemicals found in e-cigarettes. A mysterious, vaping-related illness is on the rise: e-cigarette or vaping product use-associated lung injury (EVALI).
What causes popcorn lung?
Popcorn lung (bronchiolitis obliterans) is an uncommon type of lung disease, but it is not cancer. It's caused by a build-up of scar tissue in the lungs, which blocks the flow of air. A possible link has been suggested between the disease and a chemical called diacetyl.
Vaping to quit smoking
Quitting smoking is still the number one driver of growth in the vape industry. 31% of smokers who tried vaping to quit smoking, ditch cigarettes within six months of having first tried it out. That’s an incredibly fast turnover rate and makes for a massive amount of people entering the vape market.
Vape sales soaring into the clouds
Despite the regulatory obstacles that the industry was faced with this year, it is still expected to grow at an exponential rate. Having been the new kid on the nicotine block as from 2008, when it was just a $20 million industry, the vape industry is now a $2bn industry and is projected to have recorded $10bn in sales by 2017.
The legalization of marijuana
The legalization of marijuana in many states across the US - a number which is steadily growing as more and more states adopt and create laws to make it legal - has resulted in a surge in the number of vape stores in these areas.
Have your say..
Which vaping trends are you seeing? Do you agree with our picks, or not? Please share them, and your questions, by leaving a comment below for our community.
What are the risks of vaping?
The major immediate risk to vape shops is probably the owners’ own uncertainty. It’s very hard for a business owner to plan for the future when the future is almost impossible to forecast. More vape shops have been closing than opening for at least two years, as the vaping marketplace has been hit with a series of major shocks: 1 The Deeming Rule launch in 2016 2 The 2018 Juul panic 3 Last year’s outbreak of lung injuries caused by adulterated black market THC oil vapes, and the temporary sales bans that followed in several states 4 Flavor bans in several northeastern states and municipalities throughout California 5 Tobacco 21 laws 6 New state taxes 7 The 2020 coronavirus pandemic, which forced many shops to close temporarily, and a substantial number to remain shuttered
Who owns JVAPES?
Some independent vaping industry advocates—most notably Arizona-based Jvapes co-owner Amanda Wheeler and Washington, D.C. regulatory attorney Azim Chowdhury—have been in contact with the FDA and the Department of Health and Human Services (HHS), attempting for almost a year to promote a simplified PMTA process for small businesses.
Will vape shops survive after the PMTA deadline?
The major immediate risk to vape shops is probably the owners’ own uncertainty. It’s very hard for a business owner to plan for the future when the future is almost impossible to forecast. More vape shops have been closing than opening for at least two years, as the vaping marketplace has been hit with a series of major shocks:
Why did the FDA make the Deeming Rule?
The FDA purposely crafted the Deeming Rule to frighten off small vaping businesses. The PMTA process was presented as a “shock and awe” nightmare that no company without millions of dollars to waste would dare take a chance on. It was designed to especially discourage manufacturers of bottled e-liquid and open-system products (devices that use interchangeable parts).
What would happen if only 50 applications were submitted?
In fact, if only 50 applications were submitted, it would mean the independent industry had already been destroyed. Clearly, the FDA did not expect small manufacturers to attempt to comply with the PMTA process. Indeed, that was the intention.
When is the deadline to submit a vaping application?
The submission process is called a Premarket Tobacco Application, or PMTA. The actual deadline to submit is at 4:00 p.m. on Sept. 9.
How long can a drug stay on the market?
It doesn't mean they will ultimately receive market approval, but probably means they will be able to remain on the market for a year (or more) while the FDA studies their application.
Why are vape shops banned?
Vape shops banned from helping vapers put together their vapes – qualifying vape shops as manufacturers because they assemble products added an additional nail to the coffin of the vaping industry. Beginner vapers could not count on professional help now, which made them less likely to make the switch.
When did the FDA deem vapes?
In August of 2016, the FDA’s vape industry deeming rule went into effect. The agency published a guideline that was a maze of regulatory hoops in hopes of deterring manufacturers from even submitting their Premarket Approval Requests.
Why Does the FDA Get To Regulate Vape Products At All?
He did so after the bill garnered bipartisan support and passed both the House and the Senate.
Why did the FDA have to make a few course corrections along the way?
The only reason that happened is because vapers organized, and started challenging the FDA in courts.
What happened after 2011?
After 2011, the pressure mounted on the FDA to issue deeming regulations that would condemn the vaping industry. This pressure was applied by Democratic Congresspeople with strong ties to Big Tobacco, as well as special interest groups such as Campaign for Tobacco-Free Kids, Lung and Heart associations, and the American Cancer Society.
How long can a vape be on the market?
Gottlieb extended that by four years, until 2022. He even signaled that products could remain on the market while the FDA reviews the applications – which can take years. Previously, products were allowed on the market for one year after the submission and needed to be pulled if the review of the submission was still pending. You can listen to his full speech in the video below.
How long did the FDA wait to advise us of its next move?
The FDA then waited for more than three years to advise us of its next move. In the meantime, tens of thousands of smokers switched to vaping, and the US market was flooded with vape products. To make matters worse, device and vape juice manufacturers were cropping up in the States and the industry was booming (and feeding a lot of families) – completely unaware that it will be shaken to its core in a couple of years.