The textile and leather sector in France is projected to steadily increase its final consumption of renewables and biofuels from 360.0 to 450.0 Tonnes of Oil Equivalent between 2024 and 2028. This represents a consistent year-on-year growth, marking a gradual yet substantial shift towards sustainable energy sources. The forecasted growth reflects an increase in annual consumption by approximately 6.6% in 2024, 7.9% in 2025, 4.9% in 2026, and 4.7% in 2027. Consequently, the compound annual growth rate (CAGR) for the period from 2024 to 2028 is estimated at 5.6%.
Future trends to watch for include:
- Increased regulatory push for sustainability in industrial sectors.
- Technological advancements reducing the cost of renewable adoption.
- Potential shifts in international trade impacting raw material sources.
- Consumer demand driving further adoption of eco-friendly practices.
