In the first week of August, more than 50 companies received licenses for Tobacco Monopoly Production Enterprises issued by the China Tobacco Monopoly Administration. Many companies are getting licenses now, some vaporizer factories said it is related to the regulation of e-cigarettes, which came into effect on October 1.
With the implementation of China national standards, the e-cigarette industry will enter the stage of legal and standardized development; At the same time, the degree of industrial concentration will be further improved, thus promoting the further upgrading of the industry; In addition, it will also has a demonstration and accelerated effect on global e-cigarette regulation.
“The management of Electronic cigarette” is the China Tobacco released on March 11, 2022, by the national market and on April 12, the approval of state administration, the national standardization committee, becoming the electronic cigarettes mandatory national standards, since October 1, 2022, when all the electronic cigarette products shall be in accordance with the national standard for production operation.
It’s difficult to enter into this electronic cigarette business line if this new national standard comes out. It has two aspects: 1. the policy has directly decided the parameters and standards of e-cigarette products, which increases the difficulty of product research and development and production, and eliminates backward enterprises. 2.Policies have limited the electronic cigarette’s taste, nicotine content and release amount. However, how to improve the user experience as much as possible under the restrictions of policy standards depends on whether enterprises have enough R&D technology strength.
In last few years, the e-cigarette industry has shown a rapid development trend. China’s e-cigarette industry is one of the representative industries that grew against the trend during the pandemic.In my opinion, the reasons for the rapid development of e-cigarettes in recent years are mainly market demand, industrial chain advantages and technological innovation.
Post time: Aug-17-2022
