The plastics market size in Italy demonstrated a period of consistent growth from 2013 to 2017, with a notable peak in 2016. After a slight decline in 2018 and 2019, it rebounded through 2020 and onward, reaching 11.07 billion kilograms by 2023. The market is forecasted to continue growing, albeit at a modest pace, with an average annual growth rate (CAGR) of 1.1% over the next five years, achieving 11.862 billion kilograms by 2028.
Key year-on-year variation analysis and CAGR:
- 2013: 0.45% (CAGR: N/A)
- 2014: 1.07% (CAGR: 0.37%)
- 2015: 5.05% (CAGR: 0.26%)
- 2016: 9.22% (CAGR: 2.31%)
- 2017: 3.67% (CAGR: 3.84%)
- 2018: -2.55% (CAGR: 3.22%)
- 2019: -7.55% (CAGR: 1.39%)
- 2020: 7.94% (CAGR: 1.95%)
- 2021: 2.53% (CAGR: 0.66%)
- 2022: 2.4% (CAGR: 0.42%)
- 2023: 1.5% (CAGR: 1.24%)
- 2028 Long-term forecast: 5.62% growth rate (CAGR: 1.1%)
Future trends to watch for:
Key trends to monitor include the impact of sustainability initiatives and regulation changes, technological advancements in recycling processes, and shifts in consumer behavior towards eco-friendly products. Additionally, the evolving global trade dynamics and economic policies may play a significant role in shaping the future of the plastics market in Italy.
