Gross investment in the plastics and synthetic rubber sector in Italy showed significant growth from 2013 to 2018, peaking in 2018 with impressive year-on-year growth rates. However, this was followed by a decline in 2019 and moderate positive growth rates in subsequent years. By 2023, the sector stood at 348.2 million euros with marginal yearly increases between 2020 and 2023 reflecting a stable yet cautious market sentiment. The sector's five-year CAGR indicates a general trend towards stability, standing at -0.39% by 2023.
Looking ahead, the forecasted data suggests a consistent but modest growth rate with a predicted five-year CAGR of 1.08% and an overall growth rate for the next five years of 5.52%. Future trends to watch for include:
- Technological advancements in plastic recycling and sustainable production
- Impact of EU regulations on single-use plastics
- Shifts in global supply chains affecting raw material availability
- Increased demand for bioplastics and eco-friendly materials
- Economic fluctuations impacting investment capacities