The employment in the chemical and pharmaceutical sector in Italy from 2013 to 2023 has shown a fluctuating pattern. The employment figures decreased significantly in the early part of the decade, hitting a low in 2014. However, from 2015 onwards, there was a recovery trend, peaking in 2019. The subsequent years have seen a slight decline with a year-on-year decrease of 0.25% in 2023. The compound annual growth rate (CAGR) over the last five years indicated a slight negative trend at -0.16%.
Future trends indicate a continued but slight decline in employment with a forecasted 5-year CAGR of -0.18% through 2028. As the sector undergoes technological advancements and automation, one can expect a modest reduction in full-time equivalent employment.
Future trends to watch for:
- Impact of technological innovations and automation on workforce requirements.
- Shifts in global demand and supply chain disruptions.
- Regulatory changes impacting pharmaceutical and chemical manufacturing.
- Potential growth areas in sustainable and green chemistry jobs.