By the time the UK officially becomes a legal e cigarette market in 2019, it will be far too late to turn a profit on the market.
That was the conclusion of a new report by ETC-UK, a British trade group, which says the market is “unlikely to reach $1 billion” in sales by 2019, given the steep discounts on wholesale prices.
This means there is no incentive to develop a market that can sustain long-term growth and innovation.
The report argues that e cigarettes are unlikely to generate profits in the UK market until the next few years.
It also says that in the short term, e cigarettes could “play a major role in the recovery of the UK tobacco market”.
There are, however, a number of reasons for this, including a lack of demand for e cigarettes and the low price of e cigarettes.
The UK’s current tobacco control strategy, which aims to reduce smoking by 75 per cent by 2025, aims to help smokers kick the habit by encouraging people to switch to vaping.
The government says that e-cigarettes are not as harmful as conventional cigarettes and it wants to encourage more people to take up the habit.
But the government has said that e cigs are not suitable for all smokers and they do not provide the same degree of nicotine hit as conventional tobacco.
The study also found that e cigarette sales are expected to decline by around 50 per cent in 2019.
This could lead to the end of the traditional cigarettes market in the country, and e-cigarette sales could also fall by a significant amount in the next year or two.
Even if e-cig sales remain stable, there are still plenty of people who would still want to smoke conventional cigarettes, the report found.
There is a high likelihood that the UK’s e-cigs will be “not profitable”, the report said.
And despite a strong market share, it is unlikely that the government will be able to “win” this market in any significant way.
With the market likely to shrink by 50 per, 80 per cent or even 100 per cent, the ETC report says the government may need to rethink its strategy and the number of e-smoking outlets will likely continue to grow.
The authors also warned that the growth of the e-pipeline is unlikely to lead to “major tobacco sales gains”.
It also said that the number and type of e cig products offered by e-tobacco manufacturers will continue to shrink, as the industry continues to adapt to the legal e- cigarette market.
That may be because the products are less effective, less expensive, and they are more accessible, the researchers found.
It also points to the need for the government to work with the tobacco industry, who are likely to be the most successful in the market as it moves from a legal to a regulated market.
The research found that most smokers do not find e cigarettes to be suitable for them.
It said that a lack, and an unwillingness, to switch from smoking to vaping is likely to limit the growth in the e cigarette industry.