The production in the packaging paper sector in Italy has shown a steady increase over the years, with a CAGR of 1.67% from 2018 to 2023. In 2023, the sector stood at 8.55 billion Euros. Over the past two years (2022 and 2023), the year-on-year growth rates were 2.28% and 2.2%, respectively. The projected data from 2024 to 2028 forecast a CAGR of 1.58% with an overall growth rate of 8.15% over the period.
Future trends to watch for:
- Increased demand for sustainable packaging solutions driving production innovations.
- Regulatory changes impacting production practices and material choices.
- Technological advancements supporting efficiency and cost-effectiveness in production.