In the French Beverage, Tobacco, and Food Machinery industry, employment has shown a declining trend. After peaking in 2015, the number of persons employed dwindled, with significant annual decreases notable in 2017 and 2018. Slight recoveries in 2019 and 2020 were followed by further declines through to 2023, where the figure stood at 8.21 thousand employees. The average annual employment decrease over the past five years (CAGR) was 0.12%.
The forecast for the next five years indicates a continued decline, with employment projected to decrease by an average annual rate (CAGR) of 1.22%, resulting in a total reduction of 5.94% by 2028.
Future trends to watch for include:
- Increased automation could accelerate employment decline.
- Government policies promoting technological advancement might impact labor requirements.
- Global market dynamics and demand shifts could alter employment trends.