The forecast for total internal R&D personnel in Canada's manufacture of rubber and plastic products shows a gradual decline from 2024 to 2028, descending from 1.8 thousand FTEs in 2024 to 1.72 thousand in 2028. This represents an average annual decrease of approximately 1.12% over the five-year period. As of 2023, the number of R&D personnel was maintained at 1.8 thousand FTEs, indicating stability prior to the forecasted decline.
Future trends to watch for include potential technological advancements and process improvements that could influence R&D investments. Additionally, changing industry regulations and environmental concerns may reshape research focus and personnel needs.
