The plastics production value in Italy has shown considerable fluctuations over the past decade, with a notable dip in 2020, presumably due to pandemic-related disruptions. In 2023, the production value stood at 9.48 billion euros. The year-on-year variation has generally been positive over the past two years, with increases of 5.64% in 2022 and 4.29% in 2023. The last five-year CAGR, however, indicates a modest growth at 0.67%, reflecting a slow but steady recovery and growth phase for the industry. Moving forward, the forecast for the next five years suggests continued growth, with a projected 1.41% CAGR and a total growth rate of 7.26% by 2028.
Future trends to watch for include:
- Adoption of recycled and bio-based plastics.
- Technological advancements in production efficiency.
- Regulatory changes regarding plastic use and environmental impact.
