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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 | Jun 2015

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

The Tobacco Growing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 10-15
2.3%
Annual Growth 15-20
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Profit
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Employment
48,707
Businesses
3,996
Industry Analysis & Industry Trends

The 2005 deregulation of the Tobacco Growing industry continues to linger over tobacco farmers. The end of price supports has led to an exodus of farmers; however, deregulation has also boosted industry exports as domestic demand for tobacco has declined, helping the industry maintain moderate growth. 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. Additionally, potential alternate uses for tobacco leaves could provide additional revenue streams... purchase to read more

Industry Report - Industry Analysis Chapter

The introduction of the Fair and Equitable Tobacco Reform Act of 2004 signaled a drastic change for farmers in the Tobacco Growing industry. Passage of the reform ended all aspects of the federal tobacco marketing quota and price support loan programs established under the Agricultural Adjustment Act of 1938. Exposed to heightened competition for the first time in decades, many farmers opted to exit the industry, while others stayed and attempted to consolidate their holdings. Revenue fell 41.4% in 2005 as the number of tobacco farmers decreased 51.5% that year alone... 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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