In 2023, the labor cost per employee full-time equivalent (FTE) for packaging paper in Italy was estimated at 53.8 thousand euros. From 2024 to 2028, the forecast indicates steady yearly increases, reaching 55.5 thousand euros by 2028. This represents an annual growth rate of approximately 0.6% to 0.7% during this period. The compound annual growth rate (CAGR) from 2023 to 2028 is projected to be around 0.63%, highlighting a moderate upward cost trend in labor expenses.
Future trends to watch include:
- Automation in packaging production impacting labor needs and costs.
- Potential policy changes affecting labor markets, such as employment law reforms.
- Global market dynamics influencing raw material costs and, subsequently, labor costs.