In 2023, Italy led with 514 high growth enterprises in rubber and plastic products manufacturing despite experiencing a decrease of 7.8% from previous years. Hungary showed significant growth at 8.45%, reaching 264 enterprises. The Czech Republic, Romania, and Norway experienced declines of 3.35%, 1.91%, and 2.33% respectively. Notably, Latvia showed a remarkable increase in high growth enterprises at 12.34%.
Future trends to watch include:
- Increased emphasis on sustainable manufacturing, likely driving innovation and enterprise growth in countries focused on eco-friendly production.
- Potential shifts in manufacturing hubs within Europe due to changing economic conditions and regulatory landscapes post-2024.
- The role of digitalization in improving efficiencies and competitiveness among enterprises, impacting future growth trajectories in this sector.
Top countries in Number of High Growth Enterprises in Rubber and Plastic Products Manufacturing by Country
| # | 9 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 514 | 2023 | +8.67% | -0.078% | View data |
| 2 | 2 Hungary | 264 | 2023 | +14.29% | +8.45% | View data |
| 3 | 3 Czech Republic | 167 | 2023 | +1.21% | -3.35% | View data |
| 4 | 4 Portugal | 112 | 2023 | +5.66% | +0.82% | View data |
| 5 | 5 Romania | 79 | 2023 | +8.22% | -1.91% | View data |
| 6 | 6 Lithuania | 56 | 2023 | +5.66% | +2.29% | View data |
| 7 | 7 Latvia | 34 | 2023 | +13.33% | +12.34% | View data |
| 8 | 8 Slovakia | 24 | 2023 | -22.58% | -22.35% | View data |
| 9 | 9 Norway | 8 | 2023 | 0% | -2.33% | View data |
