In 2023, the total hours worked in the Chemical, Rubber, Plastics, Fuel Products, and Other Non-metallic Mineral Products industry in Canada was a foundational value for comparison. Forecasted data from 2024 to 2028 indicates a steady increase, with hours worked projected from 508.72 million to 510.58 million. This reflects a modest year-on-year percentage growth, and the compound annual growth rate (CAGR) over the five-year period also shows a consistent upward trend.
Future trends to watch for include:
- Technological advancements potentially impacting workforce hours and efficiency.
- Regulatory changes in environmental policies that may affect production processes.
- Global economic conditions influencing demand in the industry.