From 2013 to 2023, turnover in the Glass and Glass Products sector in Italy displayed fluctuating trends, starting at 5.9 billion Euros in 2013 and reaching 6.4 billion Euros by 2023. The sector experienced significant growth from 2017 to 2019, but a notable decline in 2020 due to the pandemic. Despite a slight recovery in 2021 and stability in 2022 and 2023, the five-year CAGR until 2023 was -0.37%, indicating an overall slight downward trend.
Notably, projected turnover from 2024 onwards shows a consistent but marginal decline, with a forecasted five-year CAGR of -0.03% from 2024 to 2028, suggesting a lack of robust growth in the near future.
Future trends to watch:
- Green and sustainable production methods gaining momentum.
- Technological advancements introducing new product types and efficiencies.
- Potential economic factors affecting global glass demand and production costs.
