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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

IBISWorld’s Tobacco Growing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 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, $1.55 is spent on capital equipment. This capital-to-labor ratio has increased over the past five years as farmers utilize 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


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