On September 20, at the 2023 Global Tobacco and Nicotine Forum (GTNF), Eva, represented by Simor from China, shared some of Smoore’s views on the e-cigarette industry. She believes that by working together and collaborating, we can create a better, smarter and sustainable future for the industry.
Two years ago, at the 2021 GTNF Forum, representatives from the company gave a speech on the theme of “Automation makes life better”, highlighting the firm commitment of the company to promote the advancement of the e-cigarette industry. Under the theme “Change the Conversation, Change the Outcome” at GTNF Forum 2023, Eva showed the current innovation point of the e-cigarette industry, the challenges faced and the solutions sought. She believes that now is a critical stage for the industry, a stage full of unlimited possibilities and opportunities.
Smoore has evolved from a single product category to open system devices, and today marketization is facing diverse challenges and opportunities. Eva also mentioned another key word: regulation. She highlighted the important role of regulators in protecting consumers and promoting the healthy development of the industry, while also talking about how to address these challenges through innovation and collaboration.
Research data shows that there are more than 60 million e-cigarette users around the world, and the global e-cigarette retail market size was $28 billion in 2018, and the figure came to $52.5 billion in 2022. It is predicted that the market size will exceed $122 billion by the end of 2027.
Eva said that with the growth of the market, Smoore is also aware that the e-cigarette industry is also facing a series of challenges. The company is committed to finding the right solutions to ensure the healthy and sustainable development of the industry.
For example, the UK e-cigarette market, in March, the Financial Times reported on the environmental impact of disposable e-cigarette products; In May, the Guardian raised concerns about the risk of single-use products causing fires at waste treatment plants; In the same month, the BBC called for stricter regulation, citing the increase in statistics and the problem of youth use. In June, Sky News published a report calling for a ban on single-use e-cigarette products, which are particularly attractive to teenagers.
Therefore, Eva believes that all practitioners need to take these issues and challenges seriously and find suitable solutions to ensure the healthy and sustainable development of the industry. She stressed that by working together and collaborating, a better, smarter and sustainable future can be created for the industry.