With a new year right upon us, we are looking forward to what’s to come. Every year, we watch the vapor products industry evolve in new directions, unveil all sorts of new innovations, and experience the technology in action.
In 2015, the availability and options in regards to the most high-tech box mods, sub ohm devices, and exceptionally high quality e-liquids became extremely mainstream. What used to be reserved for only the most eager of DIY vape enthusiasts became accessible to any and everyone who wanted to experience the power of taking the control of a box mod into their own hands. In a few short months, the industry changed entirely. Trailing on this trend, we expect 2016 to offer even greater offerings in terms of technology, and making very advanced products available to those who want them, without having to construct them on their own, if they do not want to.
As for regulations, we are awaiting them because it seems rather imminent in the US. One way or another, (and hopefully they will be created with fairness and common sense in mind), it is only a matter of time before they are here. While we do not know what to expect exactly, we do hope that all regulations instituted are fair and not oppressing to the industry and its users.
It has been predicted that the overall sales of electronic cigarette products sales for 2015 would be somewhere in the vicinity of $3.5 billion; quite a legitimate market when you weigh all angles. In fact, current models show that by 2018, the vapor products industry is expected to reach the $10 billion range. The growth is imminent, and despite the impending regulations that are clearly an obstacle the vapor products market is contending with, this industry is way greater than a single trend; it’s a thriving niche.
So, 2016 is almost here and we are most definitely looking to the future with promise and optimism. We expect growth, innovation, and continuing to evolve with this ever-changing industry. From everyone here at IVG, we wish you a super, happy New Year!