The agents think ecigs “will end up being the most important development in the real history of the organized cigarette business, some 200 years extending straight back. We assume customers global to move from cigarette smoking to e-cigarettes at an increasing rate through 2020.”
The company estimates the market will develop from $2bn in 2012 to $3bn in 2013, with 1.3m people in the united kingdom now thought to be using e-cigs. While these figures are large they're dwarfed by over all cigarette profits of an amazing $700bn. But in the long term the experts think the whole combined market will shrink in a faster rate than many people imagine as e-cigarettes wear smokers off cigarette, but don't attract new customers in to the overall category. This really is bad news for investors in cigarette companies.
It's not all bad news. Large tobacco should have been happy with the publication recently of an EU tobacco item directive that proposed efficiently banning any e-cigs that provide remotely enough nicotine to make sure they are an attractive option to tobacco.
It may even be the situation that, despite all the “wars” that are fought against smoking cigarettes, and the admissions regarding the huge extra costs to the public-health bill brought on by tobacco-related disease, the State really wants to protect the cash that it gets from tobacco-related taxes.
Enda Kenny, Kehoe’s employer within the division of An Taoiseach, was among an organization, that also involved Minister for Finance Michael Noonan and Minister for Justice Alan Shatter, that welcomed a delegation from the Irish tobacco industry to his office on May 7. It involved PJ Carroll chief government Steven Donaldson; John Person chief Tim Meagher and chief of Japan Tobacco Global, John Freda.
The Irish Tobacco Manufacturer’s Advisory Committee said the agenda in the discussions was to emphasize the illicit tobacco trade and the financial implications of losing of income to both parties.
Nothing was said concerning the effect on their organization of the surge of fascination with e-cigarettes. But for the length of time will that risk occur if politicians like Paul Kehoe, unintentionally, probably occupy the cudgels against something that's as yet not known to damage with respect to a kind of smoking that we all know kills.
The company estimates the market will develop from $2bn in 2012 to $3bn in 2013, with 1.3m people in the united kingdom now thought to be using e-cigs. While these figures are large they're dwarfed by over all cigarette profits of an amazing $700bn. But in the long term the experts think the whole combined market will shrink in a faster rate than many people imagine as e-cigarettes wear smokers off cigarette, but don't attract new customers in to the overall category. This really is bad news for investors in cigarette companies.
It's not all bad news. Large tobacco should have been happy with the publication recently of an EU tobacco item directive that proposed efficiently banning any e-cigs that provide remotely enough nicotine to make sure they are an attractive option to tobacco.
It may even be the situation that, despite all the “wars” that are fought against smoking cigarettes, and the admissions regarding the huge extra costs to the public-health bill brought on by tobacco-related disease, the State really wants to protect the cash that it gets from tobacco-related taxes.
Enda Kenny, Kehoe’s employer within the division of An Taoiseach, was among an organization, that also involved Minister for Finance Michael Noonan and Minister for Justice Alan Shatter, that welcomed a delegation from the Irish tobacco industry to his office on May 7. It involved PJ Carroll chief government Steven Donaldson; John Person chief Tim Meagher and chief of Japan Tobacco Global, John Freda.
The Irish Tobacco Manufacturer’s Advisory Committee said the agenda in the discussions was to emphasize the illicit tobacco trade and the financial implications of losing of income to both parties.
Nothing was said concerning the effect on their organization of the surge of fascination with e-cigarettes. But for the length of time will that risk occur if politicians like Paul Kehoe, unintentionally, probably occupy the cudgels against something that's as yet not known to damage with respect to a kind of smoking that we all know kills.