The forecast for the rubber, plastics, and other non-metallic mineral products manufacturing sector in the UK shows a consistent upward trend in Gross Value Added from 2024 to 2028, starting at 15.53 billion pounds in 2024 and reaching 16.19 billion pounds by 2028. This represents a steady year-on-year growth, with an average compound annual growth rate (CAGR) projected over the five-year period. As of 2023, the sector's GVA was slightly lower, indicating moderate but sustained growth momentum over the forecast period.
Future trends to watch for include potential impacts from sustainability initiatives as the industry moves towards more eco-friendly practices, technological advancements in manufacturing processes, and potential fluctuations in export demand post-Brexit. Monitoring regulatory changes and consumer preferences will also be crucial for anticipating shifts in the market landscape.
