The plastic and rubber machinery turnover in France showed significant growth from 2013 through 2023. It started at 814 million Euros in 2013, with consistent increases until a substantial surge in 2017, reaching 2050 million Euros. This level was maintained until 2019, followed by fluctuations due to an 11.81% decline in 2020. Recovery was evident in 2021 with a 26.57% increase, returning to growth through 2023 at 2500 million Euros, reporting 4.41% year-on-year growth. The compound annual growth rate (CAGR) for the last five years was 4.1%.
From 2024 onwards, forecasts predict a steady upward trend, reaching 3060 million Euros by 2028. The forecasted CAGR over the next five years stands at 3.13%, indicating continued moderate growth pace, totaling a 16.67% increase over this period. Key future trends to monitor include technological advancements in machinery, shifts in global plastic and rubber demands, and the impact of environmental regulations on manufacturing practices.
- Year-on-year variation for 2022: 4.72%- Year-on-year variation for 2023: 4.41%- Forecast 5-year CAGR: 3.13%- Forecast 5-year growth rate: 16.67%Future trends to watch for:
- Technological advancements in machinery efficiency and precision.
- Global demand shifts influenced by economic developments.
- Impact of environmental regulations on plastics and rubber manufacturing.
