The production value of rubber products manufacturing in the Netherlands has exhibited a fluctuating trend from 2013 to 2023, starting at 803.1 million euros in 2013 and reaching 1080 million euros in 2023. Notably, a significant dip occurred in 2020 with a value of 755.7 million euros due to the economic impact of the COVID-19 pandemic. However, the industry recovered with a robust growth of 23.9% in 2021 and continued growth into 2022 and 2023 with rates of 8.58% and 6.38%, respectively.
Looking forward, the forecast indicates a steady upward trend with a Compound Annual Growth Rate (CAGR) of 1.97% between 2023 and 2028, leading to an anticipated value of 1220 million euros by 2028, reflecting a forecasted 5-year growth rate of 10.24%.
Future Trends to Watch:
- Industry adaptation to environmental and sustainability regulations which may drive investments in green technologies.
- Potential impacts of global supply chain disruptions, particularly concerning raw material availability and costs.
- Advancements in automation and digitalization within manufacturing processes to enhance productivity and efficiency.
- Increasing demand for innovative rubber products catering to various industrial applications, including automotive and healthcare sectors.
