Oceanialiquidlabs20 Aug, 2021Business
Despite facing uncertainties, the Vape industry in Australia has witnessed growth like no other. A study reports a lift from 4.4% to 9.7% in 2016, of people who made the shift to vaping. Thereafter, a harsh fall in tobacco consumption (around 11%) was recorded that year. At the onset of 2018, the e-juice manufacturing industry was evaluated to be around $14.05 billion at the global level, which is expected to reach $29.39 billion by 2022.
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