The rubber and plastic products manufacturing output in France has experienced fluctuating growth over the past decade. After a trough in 2013 and 2014, the sector saw several significant upturns, notably in 2017 and 2021. The COVID-19 pandemic severely impacted 2020, reflected by a sharp decline. Recovery commenced promptly, as evidenced by a notable increase in 2021. By 2023, the output was 30.26 billion Euros. The forecasted data suggests steady growth, with a forecast 5-year CAGR of 0.57%, indicating moderate but consistent expansion until 2028.
Future trends to watch for in this sector include:
- The impact of innovation and technology investments on productivity.- Adherence to and evolution of environmental regulations.- Supply chain adjustments in response to global economic uncertainties.- Emerging markets and shifts in global demand patterns.- Potential disruptions or accelerations caused by ongoing geopolitical changes.
