In 2023, the labour cost per employee FTE in the UK plastic and rubber machinery sector stood at 30.5 thousand Euros. Forecast data indicates a decreasing trend from 2024 to 2028, with costs reducing from 30.2 to 28.9 thousand Euros. Year-on-year analysis reveals a gradual decline: -1.0% in 2025, -1.3% in 2026, -1.0% in 2027, and -1.0% in 2028. The five-year compound annual growth rate (CAGR) shows an average annual reduction of approximately -1.4%.

Future trends to watch for:

Potential technological advancements improving efficiency and reducing labor costs.
Impact of economic factors such as inflation and exchange rates on operational costs.
Influence of industry-specific regulations or policies.