The production value of plastic packaging goods in Italy has shown a consistent upwards trajectory, reaching 10.09 billion euros in 2023. From 2013 to 2023, the market saw varying growth rates with notable increases in 2017 (5.98%) and 2018 (4.44%), but minor declines in 2019 (-0.042%) and 2020 (-4.86%). The last two years observed modest growth with a year-on-year increase of 1.67% in 2022 followed by 1.63% in 2023. The Compound Annual Growth Rate (CAGR) over the past five years is reported at 1.19%, indicating steady growth.
Looking ahead, the forecasted five-year CAGR stands at 1.19%, projecting a production value increase to 10.87 billion euros by 2028. The forecast suggests a gradual growth rate with an aggregate growth of 6.11% over the five-year period.
Future trends to monitor include advancements in sustainable packaging solutions, regulatory changes impacting plastic usage, and shifting consumer preferences towards eco-friendly materials, all of which may influence the trajectory of the plastic packaging industry in Italy.
