The Gross Value Added (GVA) for Canada's Rubber, Plastics, and Other Non-Metallic Mineral Products Manufacturing is projected to show a steady rise from 2024 through 2028, beginning with 19.71 billion CAD in 2024 and reaching 20.46 billion CAD by 2028. This demonstrates a consistent year-on-year increase, with an average Compound Annual Growth Rate (CAGR) over five years.
Future trends to watch for include:
- Technological advancements in material science that may drive efficiencies and reduce costs.
- Potential impacts of environmental regulations and shifts towards sustainable practices.
- Changes in global demand, particularly from markets in North America and Asia.
- Economic trends and their influence on manufacturing output and trade policies.
