The production value of plastic and rubber machinery in Italy showed variability between 2013 and 2023, indicating cyclical industry trends. The value in 2023 stands at €2.82 billion, a slight increase of 1.81% year-on-year. Historically, this sector experienced a peak in 2017 at €3.14 billion, but post-2018 the growth rate declined, with significant drops seen during the pandemic in 2020. From 2021 onwards, the sector showed a moderate recovery but not surpassing pre-pandemic levels.
Forecasts from 2024 to 2028 anticipate minimal declines, with CAGR projected at -0.18%, indicating a relatively stable but slightly contracting market. The five-year growth rate from 2023 to 2028 is expected to be -0.89%. This suggests the sector may face ongoing challenges but with limited fluctuation.
Future trends to watch for include advancements in automation and digitalization of manufacturing processes, increasing demand for sustainable and circular economy practices, and potential impacts of globalization and trade policies on machinery investments.
