The production value of plastic and rubber machinery in France has demonstrated significant volatility over the past decade. From 2013 to 2023, the industry experienced periods of rapid growth, particularly notable between 2016 and 2017 with a staggering 99.06% year-on-year increase. Notably, 2020 saw a decline of 10.43% amidst the global pandemic challenges, but the sector rebounded strongly in the subsequent years, reaching a production value of 1970 million Euros in 2023. The five-year CAGR from 2018 to 2023 stood at 3.35%, signaling moderate growth.
From 2024 onwards, forecasted figures indicate a continued upward trend with a forecasted 5-year CAGR of 3.17%, resulting in an overall growth rate of 16.88% by 2028. This suggests sustained, albeit modest, growth in the coming years.
Future trends to watch for include technological advancements driving efficiency, the impact of sustainability initiatives, and potential shifts due to economic policies and global market demands. Continuously evolving market dynamics will likely influence production values and growth rates.
