In order to investigate the relationship between water retaining agent and tobacco physiological characteristics, pot experiment was conducted to study the effect of different amounts of water retaining agent on tobacco root system activity, antioxidant enzyme activity of leaf blade, contents of MDA and osmotic adjustment substances. Results showed that the application of proper amount of water retaining agent (3~5 g/plant) could significantly affect the physiological characteristics of tobacco, increase the vigor of tobacco root system, decrease the activities of SOD, POD and CAT, and the contents of MDA, proline, soluble sugar and soluble protein, compared with the contrast. Membership function method was applied to analyze the regulation effect of water retaining agent on physiological characteristics of tobacco. It was concluded that the effect of treatment of 3 g/plant was the best, which was favorable for improving the physiological characteristics and growth adaptability of tobacco plant.