In 2024, employment in Germany's man-made fibres sector is projected to decline to 6.16 thousand FTEs from its 2023 level. Forecasted figures suggest a consistent decrease at a rate of approximately 3.45% annually through 2028, dropping to 5.34 thousand FTEs. The compound annual growth rate (CAGR) over this five-year period reveals an average yearly contraction of 3.54%. This trend indicates a declining industry driven by factors such as technological advancements and shifting demand patterns.
Future trends to monitor include:
- Technological innovations potentially altering workforce needs.
- Global supply chain disruptions impacting production.
- Environmental regulations shaping the industry's operational practices.
