Between 2013 and 2023, the plastics products turnover in Italy has shown a steady increase from 30.67 to 35.18 billion euros. Despite minor dips, the overall trend has been positive with notable growth years such as 2015 and 2017. By 2023, the turnover increased year-on-year by 1.13%. The Compound Annual Growth Rate (CAGR) over the past five years stood at 0.51%.
The forecast for 2024 to 2028 anticipates a continuous upward trend, reaching 37.09 billion euros by 2028. The forecasted 5-year CAGR is 0.84%, with a total growth rate of 4.26% over this period.
Future trends to watch for:
- Emerging innovative biodegradable plastics impacting turnover.
- Regulatory policies on plastic use and production.
- Global supply chain dynamics and raw material availability.
- Technological advancements in recycling and sustainability.
