The forecast for plastic packaging goods labour cost per employee FTE in the UK from 2024 to 2028 shows a gradual decline from €35.4K to €35.2K. In 2023, the actual value was higher, indicating a consistent downward trend over the future period. The year-on-year variations indicate stability from 2024 to 2025 and a slight decrease from 2026 onwards, with each year seeing a minimal reduction.
Future trends to watch for:
- Automation's impact on labour costs could further drive reductions.
- Economic factors such as inflation or policy changes affecting labour markets.
- Brexit-related shifts in trade and labour regulations.
- Potential industry changes due to environmental policies and sustainable packaging initiatives.