Forecast: Dyes and Pigments Number of Persons Employed in Italy

From 2013 to 2016, the employment in the dyes and pigments sector in Italy showed an upward trend, with year-on-year increases reaching as high as 4.76% in 2015. However, starting from 2017, the sector experienced a sharp decline, plummeting by 34.37% that year. This downward trend continued through 2023, marking an annual decrease rate of up to 6.82%. By 2023, employment stood at 2.24 thousand persons.

Over the last five years, the Compound Annual Growth Rate (CAGR) averaged at -2.24% annually. Forecasts from 2024 to 2028 predict a slower decline, with an annual decrement of 0.45%, suggesting a stabilization trend.

Future trends to watch for include:

  • Technological advancements that could further automate processes, potentially impacting employment.
  • Environmental regulations and sustainability initiatives shaping industry demands and employment needs.
  • Global economic conditions influencing production and employment directly.

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