From 2013 to 2023, the Italian plastics and synthetic rubber sector exhibited fluctuations with notable growth and declines. The sector reached a value of 9.37 billion euros in 2023. Key trends include a substantial recovery in 2021 (+15.9%) following a sharp decline in 2020 (-9.51%) due to the global pandemic. The period from 2013 to 2023 saw periods of growth and contraction, with an overall CAGR of 0.17% over the past five years. The forecast from 2024 to 2028 predicts a stable growth trajectory with a forecasted 5-year CAGR of 1.13%.
Future trends to watch for:
• Technological advancements in recycling and sustainable materials
• Regulatory changes impacting production and usage
• Increased demand for eco-friendly and biodegradable products
• Global supply chain shifts and their impact on raw material availability
