The turnover for plastic packaging goods in Italy has shown a steady upward trend from 2013 to 2023, reaching 9.94 billion Euros in 2023. The annual growth rates have fluctuated, with notable dips in 2016 and 2020. However, the overall trend remains positive, especially in recent years. From 2022 to 2023, the turnover grew by 1.46%. The Compound Annual Growth Rate (CAGR) over the last five years stands at 1.07%, indicating stable but moderate growth.
Looking forward, the forecasted data from 2024 to 2028 anticipates continued growth, reaching 10.64 billion Euros by 2028, with a 5-year CAGR of 1.07%. This represents a total increase of 5.48% over the five-year period, suggesting steady confidence in this sector’s development.
Future trends to watch for include:
- Innovation in biodegradable and sustainable plastic alternatives.
- Regulatory changes and their impact on production costs.
- Shifts in consumer preferences towards environmentally friendly packaging.
