The Plastics and Synthetic Rubber sector in Italy has shown variability over the past decade, with significant fluctuations. In 2023, production was valued at 9.72 billion euros, showing a growth rate of 4.31% year-on-year from 2022. Over the last five years, the sector has had an average annual growth rate (CAGR) of 0.69%. The most notable increases were seen in 2017 and 2021 with year-on-year growth rates of 7.55% and 12.47%, respectively. However, the sector also faced challenges, particularly in 2020, which had an 11.15% decline due to socio-economic disruptions.
Looking forward, forecast data indicates continued growth, with production expected to reach 10.63 billion euros by 2028. The sector is anticipated to grow at a 5-year CAGR of 1.43%, with an overall growth rate of 7.38% from 2024 to 2028. Key trends to watch for include advancements in sustainable materials, evolving regulatory landscapes, and increased demand from automotive and packaging industries.
