From 2013 to 2023, the employment in Chemical and Pharmaceutical Products in the Netherlands showed minor fluctuations, ranging from 51 to 54 thousand units (full-time equivalent). Despite some slight increases in select years, the overall trend has been on a gradual decline. The most significant annual variations occurred in 2014 and 2018, with respective decreases and increases of 1.89%. The five-year CAGR leading up to 2023 stands at -0.75%, reflecting a modest downward trend in employment over the last half-decade.
Looking forward from 2024 to 2028, forecasts indicate a continued slight decline in employment, with an anticipated annual decrease of 0.39% on average. By 2028, the sector is expected to shrink to approximately 51 thousand units, maintaining a relatively stable but reducing trend.
Future trends to watch for include technological advancements in chemical and pharmaceutical manufacturing processes, shifts in global supply chains, and potential policy changes impacting industry regulations. These factors could significantly influence the sector's employment levels moving forward.
