The forecast for Gross Value Added (GVA) in Rubber, Plastics, and Other Non-Metallic Mineral Products Manufacturing in France shows a declining trend from €16.41 billion in 2024 to €15.13 billion by 2028. Compared to 2023, the industry is experiencing a decrease in GVA over the forecasted period.
Year-on-year percentage decreases suggest consistent contraction with an average annual decline (CAGR) over the five years. This shrinkage reflects potential industry challenges such as increased competition, economic downturns, or shifts towards alternative materials.
Future trends to watch include:
- Impact of sustainability and environmental regulations on material usage.
- Technological advancements in manufacturing processes.
- Shifts in consumer preferences towards eco-friendly materials.
- Global supply chain disruptions affecting production costs.
