The forecast for the number of employees in the Chemical and Pharmaceutical Products sector in Canada between 2024 and 2028 shows a steady upward trend, with an incremental increase in jobs year-on-year. In 2023, the number of jobs stood at 90.42 thousand. From 2024 to 2028, the number of employees is projected to rise from 90.71 thousand to 91.89 thousand. The average year-on-year growth rate (CAGR) over the five-year period is modest but positive, indicating stable, albeit slow, sectoral growth.
Future trends to watch for in this sector include advancements in biopharmaceuticals, increased reliance on automation and artificial intelligence for R&D, and potential impact from regulatory changes related to environmental and safety standards. Observing global market dynamics and trade policies will also be crucial to understanding future employment trends in this sector.