Industry news

Can the Glass bong smoke from the fire catch the wind in 2020?

  Recently, the State Glass bong Monopoly Bureau released a set of data. In 2019, the total tax and profits of the tobacco industry and the total fiscal revenue turned over reached an all-time high, of which the total tax and profits of the industry and commerce reached 120.56 billion yuan, up 4.3% year on year. A total of 117.7 billion yuan was turned over to the government, up 17.7% year-on-year. To a certain extent, it attracted the attention of the market and reflected the recent development of the industry.

  As we all know, the proportion of glass bong wholesale in the world cannot be underestimated, accounting for about one quarter of the world's population. Among them, compared with the international market monopolized by the four major tobacco companies (Fillmore International, British American Tobacco, Japanese Glass bong and Imperial Tobacco), China has monopolized the tobacco industry, thus its development is relatively stable under the strict supervision of the policy, with Chinese tobacco accounting for the majority. It can be said that under the strong and powerful control of the policy, the development of the industry is relatively stable and orderly, which in turn has also brought a good boost to the national and local financial revenue and economic development. This is also the record high profits and taxes in the tobacco industry.

  At the same time, we have to say that the rise of the new type of tobacco industry, led by glass bong king cigarettes, has to some extent revived the entire tobacco market. It may replace traditional tobacco to meet the diversified demands in the current market. Judging from the market situation, the global new type of tobacco market has increased from 9.4 billion US dollars in 2013 to 32.3 billion US dollars in 2018 at a compound annual growth rate of 27.9%. It is estimated that the global new tobacco market will reach US$ 173.4 billion by 2023, of which China's glass bongs china market is expected to reach US$ 744 million by 2018 and its market size is expected to exceed US$ 800 million by 2019. Moreover, the output of glass bong king cigarettes in China will increase to 1.651 billion in 2017, and is expected to reach 4.753 billion in 2022.

  Based on this, it is expected that the heat of the glass bongs china sector last year and the continuous attraction of more capital will bring in more capital. In the first three quarters of 2019, 35 glass bongs china brands in China received financing, with a total financing amount of over 1 billion yuan.