In 2023, the hours worked in Germany's man-made fibers sector stood at a significant level, as the forecast shows a continuous decline from 2024 onwards. The forecasted data for 2024 to 2028 suggests a steady decline in hours worked, with year-on-year decreases of approximately 4% to 5%. The compound annual growth rate (CAGR) over these five years indicates an average annual reduction of about 4.4%.
Future trends to watch for include technological advancements that may further reduce labor hours, the impact of automation, and shifting demand driven by global supply chain realignments and environmental concerns propelling changes in production and labor needs.
