The Basic Chemicals sector in Italy has experienced significant fluctuations in its workforce over the past decade. The number of employees decreased from 2013 to 2015, but saw a notable increase in 2017 and 2018. However, the global pandemic in 2020 caused a sharp decline. Since then, there has been a recovery, with the workforce increasing to 28.14 thousand employees in 2023 – a 6.59% year-on-year growth from 2022. Over the last two years, the workforce has grown by an average CAGR of 0.93%. Looking ahead, the forecast suggests moderate growth, with a projected 5-year CAGR of 0.67%, resulting in a workforce of 29.36 thousand employees by 2028.
Future trends to watch for include:
- The impact of technological advancements and automation on employment in the sector.
- Potential regulatory changes and their effects on labor demands.
- Global economic conditions and their influence on Italy’s chemical industry.