SEARCH   
MEMBER LOGIN    

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 2016

Lighting up: Though the number of smokers is falling, electric cigarette popularity will draw new revenue channels

IBISWorld’s Tobacco Growing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 11-16
5.5%
Annual Growth 16-21
Add to Cart
Profit
Add to Cart
Employment
5,663
Businesses
2,122
Industry Analysis & Industry Trends

The 2005 deregulation of the Tobacco Growing industry continues to linger over tobacco farmers. The removal of federal production quotas and price supports initiated an exodus; about one-third of tobacco farmers left the industry. Without government support, small and otherwise unprofitable farmers switched crops or were bought out by larger growers, decreasing the number of industry operators. Nevertheless, the industry has experienced volatility over the past five years stemming from fluctuating weather conditions. Over the coming five years, industry farms will continue to replace falling domestic demand with exports to emerging markets where tobacco consumption is actually on the rise... purchase to read more

Industry Report - Industry Investment Chapter

Along with the rest of the farming sector, tobacco growers have increasingly invested in machinery. Many smaller farmers have exited the Tobacco Growing industry since its deregulation in 2005. Existing large operators have purchased harvesters and automatic transplanters to cut labor costs and produce at lower per-unit costs. The federally funded Tobacco Transition Payment Program has helped farmers finance many of these purchases over the past 10 years. IBISWorld estimates that for every dollar spent on labor, $0.92 is spent on capital equipment. This capital-to-labor ratio has increased over the past five years as farmers use more machinery and tobacco farming becomes more automated.

Capital intensity does not capture the unpaid labor on tobacco farms... 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


View Sample
Quote
Select Clients