In 2023, the business expenditure on R&D in the textiles, wearing apparel, and leather manufacturing sector in Italy was below 0.056% of GDP. Forecasts suggest a steady increase over the next five years, reaching 0.063% of GDP by 2028. This reflects a compound annual growth rate (CAGR) of approximately 2.4%. Year-on-year growth is expected to be around 1.79% from 2024 to 2025 and slightly higher in subsequent years with 3.51% from 2025 to 2026 and 3.39% from 2026 to 2027.
Future trends to watch for include innovation in sustainable practices, digital transformation, and integration of smart textiles. These factors could drive further investment and growth in R&D efforts in the sector. Keeping an eye on technological developments and consumer trends in sustainability will be crucial for stakeholders.
