In 2023, employment in the plastics and synthetic rubber sector in Italy stood at 11.2 thousand full-time equivalents. The sector experienced a slight decline with a -0.21% year-on-year variation from the previous year. This followed a similar -0.21% drop in 2022, indicating a consistent, albeit minimal, downward trend. Over the past five years, the compound annual growth rate (CAGR) averaged at -0.46%, reflecting a general but gradual reduction in employment within this industry.
Looking further ahead, forecasts suggest a continuation of this trend with an expected five-year CAGR of -0.16% from 2024 to 2028. This would result in a forecasted employment figure of 11.08 thousand full-time equivalents by 2028, representing an overall decline of -0.81% over this period. Within this analysis, it is important to consider wider economic factors, technological advancements, and shifting industry dynamics which may further impact employment figures in this sector.
Future trends to watch for include:
- Impact of automation and digitalization on employment levels.
- Shifts in global supply chains and their influence on local manufacturing jobs.
- Regulatory changes and environmental policies affecting the sector.
- Emerging market growth and its potential to offset declines in employment.
