The forecasted number of self-employed individuals in the UK’s rubber, plastics, and other non-metallic mineral products sector is stable from 2024 to 2027, maintaining 18,000 units. In 2028, a slight decline of about 5.56% is expected as the number decreases to 17,000 units. There is no year-on-year variation from 2024 to 2027, and the compound annual growth rate (CAGR) is negative over the five years from 2024 to 2028.
Future trends to watch for include:
- Potential industry shifts due to technological advancements or environmental policies focused on sustainable materials.
- Market demands influencing self-employment rates as businesses adapt to digital transformation and economic conditions.
- Government incentives for SMEs that might impact self-employment figures.