In 2023, labor costs in the rubber, plastics, and other non-metallic mineral products sector in Canada stood at 13.53 billion Canadian dollars. Forecasted data indicates a steady annual increase of approximately 1.5% between 2024 and 2028, reaching 14.53 billion Canadian dollars by 2028. This trend reflects consistent growth in labor costs over the five-year period, signifying a compound annual growth rate (CAGR) that underlines these costs' upward trajectory.

Future trends to watch for include:

Inflationary pressures impacting labor costs.
Technological advancements potentially altering labor demands.
Economic policies influencing production costs in this sector.
Potential shifts in global trade affecting Canada's export competitiveness in rubber and plastics products.