The textile and leather sector's final consumption of renewables and biofuels in Italy is expected to grow steadily from 2024 to 2028. Starting at 3.01 GWh in 2024, this consumption is projected to increase annually, reaching 3.64 GWh by 2028. The year-on-year growth rates over these years are approximately 5.32% annually. The compound annual growth rate (CAGR) of renewables and biofuels consumption is likely around 4.76%, indicating a robust long-term upward trend since 2023 when the consumption was notably lower.
Future trends to watch for include potential policy shifts within the EU incentivizing renewable energy usage, innovations in biofuel technology, and the influence of consumer demand for sustainable products. These factors could further propel growth, possibly exceeding current forecasts.
