The man-made fibres sector in Germany is forecasted to see a downward trajectory in employment from 2024 to 2028, decreasing gradually from 6.3 thousand employees in 2024 to 5.46 thousand in 2028. Historical data indicates that in 2023, the sector had approximately 6.51 thousand employees. Year-on-year, this translates to a consistent decline of around 3.33% annually. The Compound Annual Growth Rate (CAGR) for the period from 2024 to 2028 is a decrease of approximately 3.44%.
Future trends to watch for in this sector include:
- Advancements in automation and technology which might impact workforce requirements.
- Global demand shifts for sustainable and innovative fibre solutions.
- Potential policy and regulatory changes affecting the sector in the European Union.
