The employment in the Glass and Glass Products sector in Denmark has seen a notable decline over the past decade. Back in 2023, the employment rate stood at 0.841 thousand full-time equivalents. From 2013 to 2023, the sector experienced fluctuating trends, including a significant drop in recent years with a year-on-year decline of 7.28% by 2023 and an average annual decrease of 8.06% over the past five years.
Looking forward, this downward trend is anticipated to persist. The forecast indicates a continued reduction in employment, with a projected 5-year CAGR of -7.59% and an overall expected decline of 32.6% by 2028, reaching 0.523 thousand full-time equivalents.
Future trends to watch for:
- Technological advancements and automation reducing labor demand.
- Potential industry consolidation or restructuring.
- Shifts in demand for glass products, possibly influenced by environmental regulation and sustainability efforts.
- Economic factors and their impact on both construction and manufacturing sectors, key consumers of glass products.