The forecast for the UK’s production of rubber, plastics, and other non-metallic mineral products from 2024 to 2028 shows a consistent upward trend. Starting from a base value, the production is expected to increase yearly, with percentage growth stabilizing around a similar rate each year. By 2028, production is forecasted to reach 44.55 billion pounds sterling, a steady rise since 2024.

In 2023, the industry stood below the 2024 forecast value, highlighting anticipated growth driven by innovation and demand improvements. The compound annual growth rate over these five years reflects a positive trend in production output.

Future trends to watch for:

Innovation in sustainable materials could alter product composition and demand.
Global economic fluctuations influencing raw material costs and consumable demand.
Regulatory changes impacting production efficiencies and capacities.