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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 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 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
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
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Profit
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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 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 40.1% 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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