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Japan E-Cigarette Market Competitive Landscape The Japan e-cigarette market is highly competitive in nature, with companies such as Philip Morris International Inc., Japan Tobacco Inc., British American Tobacco plc, and Imperial Brands plc, operating as key players

Estimates suggest that the legal market was worth between $11.0 billion and $13.7 billion in 2019, and may be worth up to $30 billion by 2023.[60] If these projections materialize, the value of marijuana sales will grow to two times that of firearms and ammunition, and three times that of McDonalds sales revenue in the U.S (2018 data).[61] In 2019, recreational marijuana was estimated to make up about 60 percent of the market, but is expected to grow to closer to 75 percent by 2023.[62] In the recreational market, the product split is fairly even between flower-based products and infused products/concentrates