In 2023, the wages and salaries in the chemical, rubber, plastics, fuel products, and other non-metallic mineral products sector in Canada were recorded at 19.50 billion Canadian dollars. The forecast from 2024 to 2028 demonstrates a steady increase in wages and salaries, starting at 19.75 billion CAD in 2024 and reaching 20.82 billion CAD in 2028.

The average year-on-year growth over this period is approximately 1.3%. From a longer-term perspective, the forecasted compound annual growth rate (CAGR) from 2024 to 2028 is around 1.35%, indicating a consistent upward trend in wages and salaries.

Future trends to watch for include:

Technological advancements driving efficiencies across production processes.
Potential impact of environmental regulations on labor costs in this sector.
Economic factors such as inflation and global trade dynamics influencing sectoral wages.