As of 2023, the number of enterprises in Italy’s plastics and synthetic rubber sector stood at 295. Over the forecasted period from 2024 to 2028, there is a noticeable downward trend. In 2024, the number of enterprises is expected to decline to 282, marking a reduction of approximately 4.41% from 2023. The downward trend continues with annual decreases of around 4.26% to 4.72%, leading to 235 enterprises by 2028. The compound annual growth rate (CAGR) over the five years averages a decline of approximately 4.41%, indicating persistent contraction in this sector.
Future trends to watch for include:
- Technological advancement impacting operational efficiencies and competitiveness.
- Changing regulatory landscapes, particularly around sustainability and recycling mandates.
- Evolving consumer preferences towards eco-friendly materials.
- Potential market consolidation due to strategic mergers or acquisitions.
