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Tobacco Growing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Tobacco Growing Market Research Report | NAICS 11191 | Apr 2014

Lighting up: While the number of US smokers is falling, farmers will reap the benefits of exports

IBISWorld’s Tobacco Growing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 09-14
-0.4%
Annual Growth 14-19
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Profit
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Employment
15,679
Businesses
5,299
Industry Analysis & Industry Trends

Though government regulations are increasingly discouraging smoking, the industry is heading into a growth phase, with exports on the rise. Higher cigarette consumption rates and fewer tobacco product regulations in major export markets such as China will drive demand. Furthermore, US prices of tobacco leaf will remain competitive, supporting growth in the industry. Farmers will look to new opportunities for demand, such as using tobacco for ethanol and biodiesel... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Tobacco Growing industry is in the growth stage of its life cycle. Over the 10-year period to 2018, IBISWorld projects that the industry's value added (IVA), or its contribution to the overall economy, will grow at an annualized rate of 3.3%. Meanwhile, the US GDP is projected to grow at an equivalent 2.7% per year during the same period.

The strong players have survived and thrived within the industry. While consolidation has occurred and is expected to continue into the next five-year period, revenue per establishment and industry profit margins have grown over the past 10 years. Since the end of government regulation in 2005, revenue per establishment has dramatically increased from $186,200 in 2008 to a projected $230,308 by 2018... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Tobacco Growing Industry?

Farms in this industry grow tobacco leaf. Tobacco farmers purchase inputs, such as fertilizers, agricultural chemicals, pesticides, plant seeds, plant bulbs and curing fuel, from farm supply and other wholesaling industries. The tobacco leaf is exported or sold to domestic tobacco-product manufacturers.

Industry Products
Air-cured darkAir-cured lightCigarFire-curedFlue-curedOther tobacco products
 
Industry Activities
Flue-cured leaf tobacco growingFire-cured leaf tobacco growingCigar leaf growingAir-cured light leaf tobacco growingAir-cured dark leaf tobacco growingOther tobacco products growing


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