In 2023, Italy's value added in the sector of rubber and plastics products and other non-metallic mineral products stood at €24.40 billion. Forecast data shows a steady increase, with values projected to reach €25.16 billion in 2028. The year-on-year percentage growth is consistent, with slight increments each year from 2024 onwards. Over a five-year period, from 2024 to 2028, the compound annual growth rate (CAGR) is projected to be modest but positive, averaging around 0.47% annually.
Future trends to watch include the impact of technological advancements in materials science, sustainability drives affecting manufacturing processes, and economic policies that could affect the demand and supply chain dynamics. Additionally, fluctuations in international trade agreements or energy prices could significantly impact the sector's growth trajectory.
