While the usage of cigarettes has declined dramatically over the last several decades, the fact remains that there are still 5.3 trillion cigarettes sold annually, world-wide, which translates into 265 billion packs. The average price today is $6.65 per pack, which generates annual revenues, world-wide, of $1,762 trillion.
E-cigarettes have been marketed as a safer alternative to regular cigarettes. However, the fact is that vaping products do contain Nicotine, which of course, is very addictive. E-cigarettes have been linked to increased blood pressure, heart disease, gum infection, lung disease, as well as brain development effects. And yet, according to a recent Gallop Poll, 20% of people age 18-29 vape, compared to 9% in the 30-49 age bracket. According to the World Health Organization, 41 million people used e-cigarettes in 2018 and it is projected that this number will grow to an estimated 55 million by next year.