The Asia Pacific (APAC) region provides immense opportunity for both small and large e-liquid and cigarette players to enter and expand in the lucrative market. APAC e-liquid market is at a nascent stage, despite the presence of large number of smokers in the region, e-cigarettes have not yet become a commonplace consumer product. Most e-liquid manufactured in the region is exported to Western markets of Europe and U.S. Consortiums and associations are playing a crucial rule in increasing market penetration in Asian markets through public education campaigns highlighting the benefits of vapor products for adult smokers and acquainting them with new products. The prominent consortiums discussed in this segment are Asian Vape Association (AVA), Fact Asia, Malaysia E-Vaporizer and Tobacco Alternatives Association (MEVTA), and Philippine E-cigarette Industry Association (PECIA) among others.
For Sample Copy of this report: https://goo.gl/Yo9VIx
Lack of regulation, low manufacturing costs and large smoking populations have become the driving force of the market. The report on the ‘APAC E-liquid Market’ is a meticulous compilation of the various facets of the e-liquid industry. After a thorough analysis of the current trends, the market dynamic chapter includes the key push and pull forces prevailing in the APAC e-liquid. Owing to the dependency of the market growth on the legal and regulatory framework, the report at each step has considered the effect of laws (both implemented and anticipated) in terms of regulations and taxation in estimation and forecast of the market size. Moreover, the key consortiums and compliance influencing the e-cigarette and e-liquid market across the continent have also been included in the report.
For More information/ Ask you’re Quires: https://goo.gl/NjkYUs
Owing to the fragmented nature of the market, non-uniformity of the regulatory framework and absence of any big players, the APAC e-liquid market currently makes up only a meagre share of the global market and is valued at $XX million. Since rechargeable e-cigarettes currently dominate market, the revenue generation from prefilled e-liquid in cartridges, amounting to $XX million, largely exceeds the sale of bottle e-liquid, which amounts to $XX million in 2015. However, since personal vaporizers will witness an increasing demand and become the largest revenue generating vaping devices by the end of the forecast period, the sales of bottled e-liquid used in such devices will grow, exceeding the sale of prefilled devices by 2025.
The research report also mentions the innovations, new developments, marketing strategies, branding techniques, and products of the key participants present in the global APAC E-Liquid market. The reports offer the opportunities and restraint that may hit the market players in the future. Through this report, consumers can easily get the notion for their growth of global APAC E-Liquid products in the market.