In 2023, the number of self-employed individuals in the UK's rubber, plastics, and other non-metallic mineral products manufacturing sector stood around 15.28 thousand persons. Analyzing the forecast from 2024 to 2028, there is a projected decline of about 3.91% in total over this period. Moreover, the year-on-year variation illustrates a consistent decrease, with a decline rate of around 0.94% on average annually, encapsulated by the compound annual growth rate (CAGR) across these five years.
Future trends to watch include the impact of economic policies on small businesses, technological advancements potentially reducing manual roles, and shifts towards sustainable materials, which may influence the number of self-employed individuals within this sector. Additionally, external economic factors such as Brexit outcomes and global trade alignments are crucial variables affecting this sector's stability and growth potential.
