Market revenue in 2023 | USD 19,847.9 million |
Market revenue in 2030 | USD 24,734.5 million |
Growth rate | 3.2% (CAGR from 2023 to 2030) |
Largest segment | Packaging |
Fastest growing segment | Medical Devices |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Packaging, Construction, Electricals & Electronics, Automotive, Medical Devices, Agriculture, Furniture & Bedding, Consumer Goods, Utility |
Key market players worldwide | Basf SE, SABIC, Dow Inc, DuPont de Nemours Inc, Evonik Industries AG, Sumitomo Chemical Co Ltd, Arkema SA, Celanese Corp Class A, Eastman Chemical Co, Chevron Corp, Lotte Chemical, Exxon Mobil Corp, Formosa Plastics Group, Covestro AG, Toray Industries Inc, Mitsui & Co Ltd, Teijin Ltd, INEOS, LG Chem, Lanxess AG, CHIMEI, Huntsman Corp, LyondellBasell Industries NV Class A, Miller Waste Mills |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to plastic market will help companies and investors design strategic landscapes.
Packaging was the largest segment with a revenue share of 35.35% in 2023. Horizon Databook has segmented the Italy plastic market based on packaging, construction, electricals & electronics, automotive, medical devices, agriculture, furniture & bedding, consumer goods, utility covering the revenue growth of each sub-segment from 2018 to 2030.
With over 13.13% of overall Europe’s plastics market share, Italy is a major hub for plastic formulators. In 2021, the country recorded a recycling rate of 58.1% for PET and has observed a tremendous rise in the establishment of plastics machinery plants over the past decade.
Italy is a hub for oil & gas industry in Europe. The region’s end-use growth is followed by manufacturing & industrial production and healthcare and pharmaceutical industries. The demand for plastics in the manufacturing sector is observed to have risen over the past couple of years along with their demand in pharmaceutical industry.
Horizon Databook provides a detailed overview of country-level data and insights on the Italy plastic market , including forecasts for subscribers. This country databook contains high-level insights into Italy plastic market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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