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The main listed companies of vape sector in China: RELX Technology, HB globle, Smoore holdings; Jinja group; Intretech.

Category: It can be classified as below in vape market:

1. HNB–much more close to traditional tobacco, main consumers are the tobacco veteran;
2. Atomizing vape:
3. Open type–infusing type, oil can be infused after use-up
4. Close type
5. Disposable- will be disposed after use-up
6. Replacing cartridge–just change cartridge after use-up

Now the atomizing vape dominate the market

The progresses, there are four stages in Chinese vape industry

1. Starting stage(2003-2006): Feellife was the benchmark, “replacing tobacco” is the key features–just to quiz smoking by vape. The industry turned to export after suffered a setback in 2006
2. Quick expanding(2007-2014): the oversea e cig boomed during this period, which made the industry in Shenzhen grown q fast
3. Rapid development(2014-2018):mature industry system have taken shape after years’ development, together with technology progress,various product sprung up;
4. Industry shuffling cards(2018-now): regulatory policies were introduced in 2018,and then online selling have been shut up, and the industry order has been regulated , so the competition of brands and distribution turns to white-hot.

Present situation: the e cigarette market begin to take shape

There are more than 1500 manufacturers and brand owners in this industry,and more than 100000, suppliers or related service companies, more than 190000 offline retailing points. The retailing turnover in 2021 is RMB 19.7 billion, with increase of  36% comparing to 2020

Existing problems and policies introduction:

The youth are in the majority of e cig consumers, taking proportion of  58%. To carter to youth’s tastes,various flavor disposable vapes have been introduced  , the more and more under-ages have been attracted by the disposable vapes.

As the sequence, China tobacco published <Notice on further protecting minors from electronic smoke>,and then series regulations have been introduced.

New regulations, fruits flavors will be banned from May 1 2022 with effective from Oct 1 2022

On Mar 11 2022, China Tobacco released <management methods on e cigarette>,any flavor except tobacco will be banned from Oct 1 2022, to protect the minors. China is not the only one to ban none-tobacco flavor disposable vape, In USA, any flavor except tobacco and mint have been banned.