From 2012 to 2022, the plastics market size in Italy exhibited both growth and contraction phases, ending the period at 10.661 billion kilograms in 2022. Noteworthy trends include a robust increase of 9.22% year-on-year in 2016 and a significant drop of 7.55% in 2019. The last two years showed modest growth: 2.53% in 2021 and 0.092% in 2022. Over the last five years, the market's compound annual growth rate (CAGR) was -0.04%, indicating a slight overall decline. For 2023, the market size stands at 10.661 billion kilograms.
Future trends to watch for include:
• Integration of sustainable and recyclable materials in manufacturing processes.
• Increasing legislative pressures for environmental compliance.
• Technological advancements in plastic recycling and waste management.
• Potential shifts in consumer behavior towards reduced plastic usage.
How does Italy rank in Plastics Market Size Volume?
| # | 14 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 11,070,000,000 | 2023 | +1.5% | +1.24% | |
| 2 | 2 France | 5,987,000,000 | 2023 | +0.094% | -0.98% | View data |
| 3 | 3 Spain | 3,829,200,000 | 2023 | -0.79% | +2.24% | View data |
| 4 | 4 United Kingdom | 2,985,000,000 | 2023 | -1.42% | -1.71% | View data |
| 5 | 5 Romania | 1,202,000,000 | 2023 | +2.76% | +2.36% | View data |
