In 2023, the unmanufactured tobacco gross production in France stood at an anticipated lower mark. From 2024 to 2028, the forecast shows a marked decline in production values, with a year-on-year decrease averaging 25% from 2024 onward. By 2028, the industry's output is predicted to drop substantially, highlighting an annual CAGR in negative territory over the period.
Future Trends to Watch For:
- Transition to alternative crops by farmers due to declining profitability.
- Policy changes driven by health and environmental concerns.
- Potential shift in production due to global market dynamics and demand changes.
