In 2023, the total hours worked in the Rubber and Plastics Products, and Other Non-metallic Mineral Products sector in the US stood at a baseline prior to the forecast period from 2024 onwards. According to the forecast, the sector is expected to see a slight increase from 2.39 to 2.4 billion hours between 2024 and 2025, with values remaining stable at 2.4 billion hours from 2025 to 2028. This indicates a year-on-year variation of approximately 0.4% between 2024 and 2025 and stability in the subsequent years.
Over a five-year period (2024-2028), the Compound Annual Growth Rate (CAGR) is expected to reflect minimal change, emphasizing a period of steadiness rather than growth. Future trends to watch for include potential technological advancements that could impact efficiency, labor market shifts, and demand fluctuations due to economic conditions and regulatory changes impacting these manufacturing sectors.
