In 2023, employment in Italy’s plastic and rubber machinery sector stood stable. Forecasts from 2024 indicate a steady decline, with employment figures projected to decrease from 8.76 thousand employees in 2024 to 7.22 thousand by 2028. This represents a consistent year-on-year decline, with a compound annual growth rate (CAGR) showcasing a significant downward trend over the five-year period.
Trends to watch for future analysis include:
- Potential impacts of technological advancements and automation, which may further reduce labor demand.
- Shifts in global economic conditions and trade policies affecting industry output and employment.
- The industry's adaptation to sustainable practices, possibly influencing workforce changes.