The labor costs in Italy's rubber, plastics, and other non-metallic mineral products sectors are projected to increase steadily from 2024 to 2028, indicating a consistent annual rise in costs. In 2023, labor costs were at a historic level, serving as a foundation for the forecasted growth. Between 2024 and 2028, the year-on-year percentage variations are projected to be modest, reflecting steady economic conditions contributing to a moderately rising cost environment. Over the five-year CAGR period from 2023 to 2028, the labor cost increase reflects a compounded annual growth trend.

Future trends to watch include:

Potential impact of labor market reforms on cost structures.
Technological advancements leading to efficiency and cost management.
Changes in global economic conditions affecting raw material supply and labor expenses.