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Rising Health Awareness To Increase Demand for E-Cigarettes in South Korea

Because of the rising awareness about the harmful implications of tobacco smoking, people around the world are shifting from conventional cigarettes to electronic variants. For instance, the incidence of lung cancer can be reduced by quitting the consumption of tobacco cigarettes, which has led to a decline in their consumption in South Korea.

The rising health consciousness and continuous developments in technology will therefore drive the growth of the South Korean e-cigarette market at a CAGR of 24.3% during the forecast period of 2019–2024, from $874.3 million in 2018 to $3.5 billion by 2024. E-cigarettes are available in multiple variants, including cig-a-likes, vape mods, vaporizers, and T-vapors. Out of these products, the demand for vaporizers was the highest in recent years, because of the dense smoke experience offered by them.


But in the years to come, the demand for T-vapors will witness a surge in demand in South Korea. This would be on account of the increasing preference for heat-not-burn, a kind of T-vapor e-cigarette. Japan Tobacco Industries’ Ploom Tech, British American Tobacco plc’s Glo, and Philip Morris International plc’s IQOS are among the most-popular heat-not-burn e-cigarettes.

Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/south-korea-e-cigarette-market/report-sample

In addition to producing e-cigarettes with new technologies, tobacco companies are also offering an array of flavors, such as bubble gum, cola, chocolate, mint, methanol, and fusion of multiple fruits. These developments have lured in a lot of consumers, especially the youth, who are already aware that e-cigarettes do not produce smoke, contain tobacco, or fill their lungs with over 4,000 harmful chemicals.

This market research report provides a comprehensive overview of the South Korean e-cigarette marke
  • Historical and the present size of the South Korean e-cigarette market
  • Future potential of the market through its forecast for the period 2020– 2024
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential
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