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.
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.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.