Forecast: Employment in Pharmaceuticals, Medicinal Chemical and Botanical Products Manufacturing Sector in Germany

In 2023, employment in the pharmaceuticals, medicinal chemical, and botanical products manufacturing sector in Germany was recorded at 163.3 thousand FTEs. The forecast data indicates a gradual increase in employment, reaching 167.04 thousand FTEs by 2028. The year-on-year employment growth from 2024 to 2028 ranges between 0.46% and 0.47%, signifying a steady upward trend. The compound annual growth rate (CAGR) over this forecast period is approximately 0.56% per year.

In terms of future trends, the sector will likely be influenced by:

• Continued innovation in pharmaceuticals driving employment growth.
• Potential governmental policies affecting pharmaceutical production and employment.
• Global disease outbreaks or aging populations increasing demand.