The number of persons employed in the UK Veneer Sheets and Wood-Based Panels sector shows a steady increase from 6.81 thousand in 2024 to 7.25 thousand by 2028. Year-on-year growth from 2024 to 2025 is approximately 1.61%, from 2025 to 2026 is 1.59%, from 2026 to 2027 is 1.57%, and from 2027 to 2028 is about 1.54%. The five-year compound annual growth rate (CAGR) is projected to be around 1.58%. In 2023, employment stood at 6.7 thousand, highlighting a consistent upward trend since then. The predictions indicate a steady rise, reflecting a stable expansion in this industry.
Future trends to watch for include:
- Advancements in eco-friendly production processes.
- Shifts in policy towards sustainable forestry and materials.
- Increasing demand for versatile wood-based products in construction and design.
- Impact of labor market changes post-Brexit on employment rates.
