The forecast for researchers in the textile, apparel, leather, and related products manufacturing sector in Canada indicates a declining trend from 2024 to 2028. In 2023, the researcher count stood at a higher base compared to the forecasted figures. From 2024, a steep year-on-year decline is projected: dropping from 129.76 in 2024 to 68.58 full-time equivalents by 2028. This represents a significant cumulative annual growth rate (CAGR) decrease over the five-year period, highlighting an industry contraction.
Future trends to watch for:
- Technological advancements and automation may further reduce the need for research staff.
- Shifts in consumer demand towards sustainable and recycled materials may influence research investments.
- Governmental policies and trade agreements could impact research funding and employment levels.