Tobacco Manufacturing Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 7/24/2017
SIC Codes: 2111, 2121, 2131, 2141
NAICS Codes: 3122
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Tobacco Manufacturing Industry Profile

Companies in this industry stem and redry tobacco and manufacture cigarettes and other tobacco products. Major companies include Altria (owner of Philip Morris USA and UST), Philip Morris International, and Reynolds American (all based in the US), as well as China National Tobacco; British American Tobacco and Imperial Tobacco Group (both headquartered in the UK); and Japan Tobacco.

Global demand for tobacco products continues to grow, primarily in the developing world. Cigarettes are the most popular tobacco product; more than 5.5 trillion are consumed annually worldwide. Global revenue from cigarette sales is about $700 billion and could exceed $950 billion by 2020, according to Euromonitor International. China, Russia, the US, Indonesia, and Japan are the world’s largest cigarette markets in terms of volume sold. Per-capita smoking rates are highest in Eastern Europe and the Asia/Pacific region.

The US tobacco manufacturing industry includes about 150 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $40 billion.


Demand is driven by discretionary consumer spending and mitigated by awareness of the health effects of smoking. The profitability of individual companies depends on effective marketing. Large companies enjoy economies of scale in manufacturing and in their ability to offer wider ranges of products. Small companies can compete effectively through heavy discounting, through clever branding and packaging, and by exploiting niche categories such as pipe tobacco and additive-free cigarettes. ...

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