In 2023, the output for the rubber, plastics, and other non-metallic mineral products manufacturing sector in Italy was recorded at approximately 87 billion euros. From 2024, the sector is forecast to witness steady growth. Year-on-year growth rates show a consistent upward trend: 3.1% in 2025, 3% in 2026, 2.9% in 2027, and 2.8% in 2028, with a compound annual growth rate of approximately 3% over the five-year forecast period.
Future trends to watch for include:
- Technological advancements in manufacturing processes aimed at improving efficiency and reducing costs.
- Increased demand for sustainable and environmentally friendly products.
- Potential impacts of regulatory changes in the European Union on production standards and market dynamics.
- Fluctuations in global supply chains, which may affect raw material availability and pricing.