The Gross Value Added (GVA) for Rubber, Plastics, and Other Non-Metallic Mineral Products Manufacturing in Italy in 2024 is forecasted to begin at 21.46 billion euros, declining gradually each subsequent year to 21.12 billion euros by 2028. Comparing 2023's actual value with 2024, the GVA shows a decline trend, with this continued decrease observable until 2028. Despite this negative growth reflected by cumulative annual reductions, the Compound Annual Growth Rate (CAGR) over 2024 to 2028 demonstrates an average annual decrease.
Looking ahead, key trends to monitor include technological advancements influencing production efficiencies, shifts towards sustainable materials due to regulatory and consumer pressures, and economic factors impacting global supply chains and input costs. Additionally, market dynamics such as demand fluctuations due to changes in automotive and construction industries could significantly influence sector growth.
