Industry Impact

Everyday Products, Extraordinary Impact.

Economic Impact

National Fact Sheet

 

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22.3 M

American jobs

Employment

The jobs supported by the CPG industry make up 10.5% of total U.S. employment – more than one in every 10 American jobs.

$1.5 T

in salaries, wages and benefits

Labor Income

The total labor income supported by the CPG industry represents 9.5% of all U.S. labor income.

$2.5 T

contributed to U.S. GDP

Value Added

The CPG industry’s total contributions represent 10% of the national GDP.

The Ripple Effect

The CPG industry’s powerful impact creates a ripple effect that positively influences and supports other industries. For example, production in the CPG industry creates demand for supplies from industries as varied as farmers growing agricultural inputs and paper manufacturers supplying cardboard boxes.

Wholesale and Retail Trade

Transportation and Warehousing

Agriculture, Forestry and Fishing

Manufacturing

Construction

Services

Real Estate and Finance

Wholesale and retail trade

From online retailers to your local grocery store and everywhere in between, the places you purchase CPG products benefit from the industry.

7.1 million jobs

$391.6 billion in labor income

$667.6 billion in contributions to the U.S. GDP

Transportation and warehousing

The CPG industry’s impact extends deep into the supply chain. As everyday goods are shipped and stored, they generate salaries and jobs for truckers and warehousing staff across the United States.

1.8 million jobs

$107.4 billion in labor income

$148.4 billion in contributions to the U.S. GDP

Agriculture, forestry and fishing

CPG companies purchase the best ingredients and inputs from America’s farmers and ranchers to offer countless choices of affordable, high-quality products.

1.8 million jobs

$70.4 billion in labor Income

$141.4 billion in contributions to the U.S. GDP

Manufacturing

CPG companies are manufacturers, but not of everything they use. For the industry to create its products, they support the nation’s other manufacturing industries to get the job done.

717,000 jobs

$67.3 billion in labor income

$127.8 billion in contributions to the U.S. GDP

Construction

New facilities, offices and operations employ construction professionals, generating wages and contributing to GDP along the way.

172,000 jobs

$12 billion in labor income

$15.5 billion in contributions to the U.S. GDP

Services

CPG companies supports the business services industry, working with partners to research and innovate the best for the consumer.

6 million jobs

$412.4 billion in labor income

$507.3 billion in contributions to the U.S. GDP

Real Estate and Finance

From managing tight margins and real estate transactions, the CPG industry relies on outside professionals to deliver the best products every day.

1.6 million jobs

$114.1 billion in labor income

$386.5 billion in contributions to the U.S. GDP

About This Study

What is the Purpose of this Report?

On behalf of the Consumer Brands Association, we are pleased to share this research, with findings from PwC, to show the massive impact the CPG industry has on the U.S. economy.

While most Americans may not think about the jobs and industries they are supporting when they toss toothpaste and cereal into their cart or order window cleaner or laundry detergent from Amazon, the products they rely on to power their day have a substantial impact on the economy.

Methodology

Consumer Brands engaged PwC to provide a report that estimates the contribution of the CPG industry on the U.S. economy at the national, state and congressional district levels for 2022, the latest year for which historical data is currently available.

The report relies on a well-established methodology based on government data. Specifically, the economic contribution is measured in terms of employment, value added (i.e., contribution to GDP) and labor income. For each measure, the direct, indirect, induced and downstream contributions of the industry are calculated using the IMPLAN model, an input-output model based on government data.