The vaping industry had experienced significant growth over the preceding decade. The exact size of the vaping business can vary depending on factors such as region, regulation, and market trends. However, globally, it was estimated to be a multibillion-dollar industry.

In recent years, the vaping market has expanded rapidly, driven by factors such as the popularity of e-cigarettes as smoking cessation aids, the introduction of new vaping technologies, and the growing acceptance of vaping among certain demographics. Major players in the industry included both large tobacco companies diversifying into vaping products and independent e-cigarette manufacturers.

However, it’s worth noting that the vaping industry has faced increased scrutiny and regulation, particularly regarding concerns about youth vaping and health risks associated with vaping products. Regulatory changes in various countries and regions could impact the growth and size of the vaping business.

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