Forecast: Plastic and Rubber Machinery Turnover in Italy

The turnover of plastic and rubber machinery in Italy has shown fluctuating trends over the last decade. In 2023, the turnover stood at 2.78 billion Euros. The market experienced significant variations with notable declines in 2013, 2014, and 2020. Conversely, growth was recorded in 2015, 2017, and 2021. Year-on-year change in 2022 and 2023 was relatively modest, with increases of 3.01% and 1.84% respectively. The CAGR over the past five years measured a slight decline at -1.47%. Forecasts for the upcoming years indicate a gradual reduction in turnover, exhibiting a forecasted 5-year CAGR of -0.22% by 2028.

Future trends to watch for:

• Technological advancements and automation in machinery.
• Increasing demand for sustainable and recyclable materials.
• Global economic factors influencing market demand.
• Regulatory changes impacting production and consumption.
• European Union funding and investments in green technology.