Electronic cigarettes are already the most popular tobacco products and the biggest consumer product to be created in Australia.
The biggest and most successful brands include e-cigarettes, e-cig pens, eLiquid and e-cigarette accessories.
Read more Electronic cigarettes are also being made to be more convenient for users, and are designed to be as portable as possible, with a battery that can be charged on demand.
With the launch of the $50 Vapor e-liquid and $25 Vapor eCigarette in November, the tobacco industry has become more efficient in its supply chains and is now able to produce more products at lower cost, said the chief executive of Australian Tobacco.
Electronics cigarette brands are not only changing the tobacco sector, but also the way consumers use the tobacco product industry, said David Lidze, chief executive officer of Australia’s largest tobacco company, Philip Morris.
“They’re changing the entire tobacco industry,” Mr Lidzke said.
Mr Lidzing said he believes that consumers are looking for convenience and lower costs in their cigarettes, and that is why he believes e-cigs are the next step in tobacco industry change.
”We believe that people want to get into electronic cigarettes for convenience, but they want them as low cost as possible,” he said.
The rise of e-Cigs is a testament to the industry’s ability to scale and make more efficient use of its supply chain, Mr Liddes said.
He said there is a big demand for the products in Australia, and he hopes to see more companies using the new technology to deliver higher quality products.
The e-Liquid e-Vapors, made by Chinese firm CIG and backed by Australian investors, have the highest nicotine content in the world, but are cheaper and smaller than traditional cigarettes, but still contain nicotine.