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2025 U.S. Industry Statistics & Market Forecast - Tobacco Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Tobacco Manufacturing:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2020 2021 2022 2023 2024 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Tobacco Manufacturing industry include:- Regulatory pressure increasing globally
- Shift toward vaping and e-cigarettes
- Decline in smoking rates in developed countries
- Increased taxation and pricing pressures
- Growth in cannabis markets impacting product lines
- Legal challenges and litigation
- Consumer health consciousness rise
- Innovation in nicotine delivery technologies
- Expansion into emerging markets
- Environmental impact and sustainability concerns
- Adoption of plain packaging laws
- Impact of global trade policies and tariffs
U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Tobacco Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Tobacco Manufacturing industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
|
| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Tobacco Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 10% | Order at top of page |
||
| General and Operations Managers | 2% | |||
| Office and Administrative Support Occupations | 8% | |||
| Installation, Maintenance, and Repair Occupations | 10% | |||
| Other Installation, Maintenance, and Repair Occupations | 9% | |||
| Industrial Machinery Installation, Repair, and Maintenance Workers | 5% | |||
| Production Occupations | 45% | |||
| Supervisors of Production Workers | 7% | |||
| First-Line Supervisors of Production and Operating Workers | 7% | |||
| First-Line Supervisors of Production and Operating Workers | 7% | |||
| Food Processing Workers | 9% | |||
| Miscellaneous Food Processing Workers | 9% | |||
| Food and Tobacco Roasting, Baking, and Drying Machine Operators and Tenders | 9% | |||
| Other Production Occupations | 24% | |||
| Packaging and Filling Machine Operators and Tenders | 12% | |||
| Packaging and Filling Machine Operators and Tenders | 12% | |||
| Transportation and Material Moving Occupations | 10% | |||
| Material Moving Workers | 10% | |||
| Laborers and Material Movers | 8% | |||
Tobacco Manufacturing Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Tobacco Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Tobacco Manufacturing industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Tobacco Manufacturing industry. |
Source:
Latest Industry News
- ATF Report Highlights Trends In NFA Sales, Manufacturing Numbers & More - The Bureau of Alcohol, Tobacco, Firearms and Explosives recently released a 61 page “Firearm Commerce Updates and New Analysis” report. Figures included are up to and including 2023, the latest available. (07/06/2025)
- Datanomics: Half the manufacturing segments still far from pre-Covid level - Wood and its products recorded a higher production level by 3.7 per cent in the first two months of FY 26 over the corresponding period of 2011-12 but it was below the 2019-20 level (07/02/2025)
- ISM: Economic Activity in Manufacturing Sector Contracts for Fourth Consecutive Month, PMI at 49% - Economic activity in the manufacturing sector contracted in June for the fourth consecutive month, following a two-month expansion preceded by 26 straight months of contraction, according to the latest Manufacturing ISM Report On Business. (07/02/2025)
- Manufacturing PMI® At 49%; June 2025 Manufacturing ISM® Report On Business®: Apparel Reports Growth While Textile Mills Report Contraction - TEMPE, Ariz. — July 1, 2025 — Economic activity in the manufacturing sector contracted in June for the fourth consecutive month, following a two-month expansion preceded by 26 straight months of contraction, say the nation’s supply executives in the latest Manufacturing ISM ® Report On Business®. (07/01/2025)
- Former Hotel, Tobacco Plant, Office Building, Department Store Earn Novogradac Annual Awards for Historic Preservation - Properties that were once a hotel, a tobacco manufacturing plant, an office building and a department store/dance hall have all transformed into new facilities and are winners of the 2025 Novogradac Journal of Tax Credits Historic Rehabilitation Awards. (07/01/2025)
- Manufacturing PMI at 49%, wood sector contracts, furniture grows - Economic activity in the manufacturing sector contracted in June for the fourth consecutive month, following a two-month expansion preceded by 26 straight months of contraction, say the nation's supply executives in the latest Manufacturing ISM Report On Business. (07/01/2025)
- Hartshorne man accused of manufacturing explosives after ATF raid - Kelly Von Morck, 35, first came to the attention of authorities on Oct. 20 when the Pittsburg County Sheriff’s Office notified the ATF of an explosion at his residence. (06/29/2025)
- Top 3 Tobacco Stocks to Watch Amid Strong Industry Growth Trends - PM, MO and TPB are riding a wave of RRP innovation and pricing power as the tobacco industry pivots toward smoke-free growth. (06/25/2025)
- Tobacco Laws In India- Need For New Legislation - India shall reap the benefits of demographic dividend, is a prediction made by several organisations. However, extensive consumption of tobacco and allied products casts a doubt. The (06/25/2025)
- Congress should end federal tax subsidies for foreign tobacco - Fixing this tax loophole would be a $12 billion revenue raiser to reduce the budget deficit or “pay for” other pro-growth tax cuts in the “big, beautiful” tax bill. The House bill closes the legal loophole. The Senate bill allows the scheme to continue. (06/23/2025)
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