As of last year, the vaping industry is worth an estimated $22.6 billion.
So what’s the craze about? And for that matter, what is Juul and is it dangerous?
We’ve got the answers to all of your questions below. Keep reading to learn what you can expect to see from the industry in the years to come.
What is Juul?
You may not know much about vaping, but there’s a good chance that you’ve heard the word Juul tossed around before.
What’s fascinating about Juul is that it’s both a product and a brand. Over time, Juul products made up the lion’s share of all vaping sales. So much so that the word became synonymous with the act of vaping itself.
Eventually, Juul’s parent company, Pax Labs, spun the product line off into its own company, Juul Labs.
The main appeal of Juul products is simplicity and availability. They’re so popular that even major gas station chains, like QuikTrip, carry Juul products.
For more info on Juul products, check out this link for all you need to know.
Trends Revolutionizing the Industry
Despite Juul’s massive popularity, there’s a lot more going on in the industry than just new Juul products. Here are five things to keep an eye out for.
1. Public Health Debates
This is perhaps the most important trend, as it could dictate the future of e-cig regulation.
Between increased concerns about teen e-cig usage and several vape-related health scares, legislators are beginning to consider outright banning vape products altogether. Concerns are so high that the Trump administration plans to ban the sale of flavored e-cigs.
2. Online Sales
Despite public outcry, people still want to buy vape rigs and e-juices. Thanks to the Internet, that’s a whole lot easier.
Now, consumers don’t even have to leave their homes to get a refill on their favorite flavor.
Companies looking to maximize profits would do well to invest in e-commerce.
3. Vaping and CBD: A Match Made in Heaven
With legalization efforts sweeping the nation, marijuana and marijuana-related products are making major waves.
CBD oil is a big part of that. And when ingested through vaping, the medicinal benefits of this popular hemp product have a greater and fast-acting effect.
CBD oil is used in everything from pain management to anxiety treatment, making it a healthier alternative than most e-juices.
4. Massive Market Growth
Though the industry is in the midst of turbulent times, the market is still expected to grow by quite a bit.
Projections suggest that the market will reach a value of $47,111 million by 2025. If you’re considering dipping your toes into the market, now may be a great time to do so.
Dripping is a way for consumers to create more smoke by dropping juices directly onto the pen or rig’s hot coils.
While many people worry about the potential health risks associated with dripping, you can expect a direct correlation to dripping’s popularity and increased coil sales.
The industry is going through a strange period, to say the least. Though vaping is more popular than ever, the looming threat of potential regulation has many people wondering about the future of the market.
Still, as lawmakers begin to ask “What is Juul?” you can expect the industry’s growth to continue.
For more tech news and trends, make sure to check back with our blog!