In 2024, Italy leads European R&D expenditure in rubber and plastic products manufacturing per capita, followed by Finland and Belgium. Italy witnessed a modest 6.7% year-on-year growth, whereas Finland saw a significant increase of 13.82%. Belgium's growth was marginal at 1.16%, while Slovakia and Portugal displayed robust expansions of 10.12% and 16.77%, respectively. Malta experienced the highest surge at 18.61%, unlike Sweden, which faced a decline. Poland and Serbia show promising improvements, with Serbia expanding by 68.18%. This indicates a positive growth trajectory for the sector in most countries, though Sweden's decline highlights regional disparities.
Future trends to watch include increased innovation in manufacturing processes driven by environmental policies, digital transformation, and cross-country collaboration fostering a competitive edge in the global market. Attention should also be given to emerging countries experiencing substantial growth in R&D investments, potentially shifting the industry's focal points within Europe.
Top countries in Business Expenditure on R&D in Rubber and Plastic Products Manufacturing by Country
| # | 10 Countries | Euros Per Capita | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 14.05 | 2023 | +5.05% | +6.7% | View data |
| 2 | 2 Finland | 12.44 | 2023 | +4.2% | +13.82% | View data |
| 3 | 3 Belgium | 10.41 | 2023 | -0.14% | +1.16% | View data |
| 4 | 4 Slovakia | 7.23 | 2023 | +13.32% | +10.12% | View data |
| 5 | 5 Portugal | 5.19 | 2023 | +13.17% | +16.77% | View data |
| 6 | 6 Czech Republic | 4.04 | 2023 | +1.43% | +2.03% | View data |
| 7 | 7 Malta | 3.14 | 2023 | +0.16% | +18.61% | View data |
| 8 | 8 Hungary | 2.6 | 2021 | View data | ||
| 9 | 9 Sweden | 2.32 | 2023 | -6.62% | -7.46% | View data |
| 10 | 10 Poland | 2.24 | 2023 | +9.98% | +5.72% | View data |
