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Glass dab rigs industry encounters first difficulty: ban and national standard extension

by linbin on June 22, 2020

  

  Recently, U.S. President Trump said that the United States plans to remove most glass dab rigs products from the market due to growing concerns about the health hazards of glass dab rigs and the increasing use of this fashionable traditional cigarette substitute by teenagers. Last year's survey showed that the number of secondary school students using glass dab rigs increased sharply, which prompted the US Centers for Disease Control and Prevention (FDA) to list teenagers glass dab rigs as an "epidemic".

glass dab rigs

  However, in China, the glass dab rigs National Standards Bill, which the National Standardization Management Committee official website originally indicated was "being approved", is no longer available for inquiry. According to the approval process, the standard would have been officially released within the year. This national standard, which the glass dab rigs industry is waiting for, may be postponed or shelved.

  According to the Household Appliance Network, as a new outlet for capital concern, the glass dab rigs industry has been in a mixed state. The introduction of the national standard has been regarded by the industry as the beginning of the promulgation of the "ID card".

  Prior to this, San Francisco, Michigan and other places in the United States have issued bans on glass pipes for sale. Some experts said that the recent events will have a serious impact on the prospects of the previously prosperous glass dab rigs industry.

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  Statistics show that in recent years, glass dab rigs has been growing rapidly in the United States, from 20 million US dollars in 2008 to 2.875 billion US dollars in 2015. In 2011, the U.S. Food and Drug Administration (FDA) lost the lawsuit against glass dab rigs manufacturer SmokingEverywhere. As a result, it was forbidden to regulate glass dab rigs products as medical products, thus allowing glass dab rigs products to enter the U.S. market. The U.S. glass dab rigs market began to develop rapidly. At the end of last year, the US Glasdabrigs giant JUUL Labs made headlines on social media for distributing $2 billion in annual bonuses to 1,500 employees, with an average of $1.3 million each.

  In addition, due to the FDA's defeat, many glass dab rigs companies in the United States have begun to increase the publicity of glass dab rigs products through various channels such as newspapers, magazines, TV advertisements, event sponsorship, etc. to improve consumer awareness. As many Americans have the habit of reading newspapers and magazines, TV advertisements can be broadcast in turn, with very good publicity efforts. In many advertisements, glass dab rigs is no longer defined as a substitute for cigarettes, but as a synonym for quality life, thus gaining more consumers' recognition.

  The prosperity of glass dab rigs in the US market has stimulated the rise of the Chinese market. According to the data, as the world's largest tobacco consumer, the number of smokers in China is close to 350 million, accounting for one third of the world's total number of smokers, 74% of whom have ever wanted to quit smoking. The increasingly strict control of traditional cigarettes, the rising price of cigarettes, the enhancement of health awareness and the intention to quit smoking have all created space for the development of glass dab rigs. From 2012 to 2017, the scale of China's glass dab rigs market grew rapidly, from US$ 61 million to US$ 677 million in 2017, an increase of US$ 616 million in six years, with an average compound annual growth rate of 62%. It is estimated that China's glass dab rigs market will exceed 800 million US dollars in 2019.

  The prosperous prospect of the glass dab rigs industry has attracted many famous entrepreneurs such as Luo Yonghao, Cai Yuedong, Zhang Jinyuan, Sha Xiaopi and Zeng Hang to invest in it. 2018 has also become a year when China's online headshop capital starts to surge: in May 2018, the glass dab rigs industry giant Aizhuo IJOY received 300 million RMB A round of financing from investors. In June 2018, RELX Yueke announced the completion of 38 million angel round financing, with source code capital leading the investment and IDG capital following the investment. In December 2018, glass dab rigs brand gippro (Dragon Dance) announced that it had completed the first round of 15 million RMB financing, and the investors had jointly made great achievements for private equity investment institutions … This year, research institutions have counted that as of June, 14 glass dab rigs corporate financing had been completed in China, with a total financing amount of about 574 million RMB, higher than the investment amount for the whole year last year.

  In addition, the Report on Market Demand Forecast and Investment Strategic Planning Analysis of China's Tobacco Products Industry shows that China is the largest production center of glass dab rigs in the world but not the largest consumer country. At present, the market size of China's glass dab rigs is about US$ 560 million. The penetration rate of China's glass dab rigs is extremely low, and its consumption scale is less than 15% of that of the US market, the largest consumer country of glass dab rigs. It can be said that China's glass dab rigs market still has great potential to tap.

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  Even the tobacco industry, which has experienced hundreds of years of development, was not tolerated by society in its early days. In October 1492, Columbus led an expedition to San Salvador Island. The local natives were very enthusiastic and gave precious tobacco to the expedition. One of the sailors, Laguio de Girez, personally tried to take a sip and returned to Spain to become addicted to cigarettes. The people around him were very surprised at his performance and thought that he was possessed by the devil. The religious court put him in prison for three years, which was the first time in history that he was punished for smoking.

  Recently, U.S. President Trump said that the United States plans to remove most glass dab rigs products from the market due to growing concerns about the health hazards of lookah seahorse and the increasing use of this fashionable traditional cigarette substitute by teenagers. Last year's survey showed that the number of secondary school students using glass dab rigs increased sharply, which prompted the US Centers for Disease Control and Prevention (FDA) to list teenagers glass dab rigs as an "epidemic".

  However, in China, the glass dab rigs National Standards Bill, which the National Standardization Management Committee official website originally indicated was "being approved", is no longer available for inquiry. According to the approval process, the standard would have been officially released within the year. This national standard, which the glass dab rigs industry is waiting for, may be postponed or shelved.

  According to the Household Appliance Network, as a new outlet for capital concern, the glass dab rigs industry has been in a mixed state. The introduction of the national standard has been regarded by the industry as the beginning of the promulgation of the "ID card".

  Prior to this, San Francisco, Michigan and other places in the United States have issued bans on glass dab rigs. Some experts said that the recent events will have a serious impact on the prospects of the previously prosperous glass dab rigs industry.

 

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