Data for 2024-2028 shows a year-on-year decline in production value: 2024 (116.6 Million Euros), 2025 (113.5 Million Euros), 2026 (110.9 Million Euros), 2027 (108.7 Million Euros), 2028 (106.7 Million Euros). This indicates a consistent decrease over the forecast period. The compound annual growth rate (CAGR) over the 5 years is approximately -2.2%.
Future trends to watch for include potential shifts in global demand for sustainable and eco-friendly alternatives, advancements in technology affecting production efficiency, and geopolitical factors impacting trade policies and raw material supply chains. Additionally, evolving consumer preferences and regulatory changes could impact the market dynamics.
