The value added by the Chemical, Rubber, Plastics, Fuel Products, and Other Non-metallic Mineral Products sector in the UK was £46.1 billion in 2023. Forecasts indicate steady growth from 2024 to 2028, rising from £46.95 billion to £49.66 billion. The average annual increase over this period is approximately 1.4%. Between 2024 and 2025, the increase is 1.49%, and between 2026 and 2027, it is 1.39%, showing consistent growth.

Looking ahead, key trends include:

Innovation in sustainable materials and recycling technologies, driven by environmental policies.
Increased demand in the e-commerce and healthcare sectors requiring advanced packaging and specialized chemicals.
Geopolitical and trade considerations impacting raw material availability and pricing.