The rubber and plastic products manufacturing sector in Italy has shown a consistent growth in production value over the past decade. From 2013 to 2023, the production value increased steadily with minor fluctuations, growing from 39.05 Billion Euros in 2013 to 45.64 Billion Euros in 2023. The year-on-year variations indicate periods of significant growth such as in 2017 with a 6.75% increase, contrasted with downturns like the 4.96% decrease in 2020. Over the last two years, growth has stabilized, showing modest increases of 1.28% in 2022 and 1.25% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years remains at a modest 0.93%, signaling a steady but slow growth rate through 2028.
Looking ahead, the forecast projects continuous growth, reaching 48.38 Billion Euros by 2028 with a CAGR of approximately 0.93%. Key factors to monitor include advancements in manufacturing technology, shifts in global supply chains, and environmental regulations impacting the industry. Economic conditions and demand shifts, both domestically and internationally, will also play a significant role in shaping the future trajectory of this sector.
