In 2023, labour costs in the rubber, plastics, and other non-metallic mineral products sectors in Germany were forecasted to rise consistently, reaching a projected 35.24 billion euros in 2024. From 2025 to 2028, forecasts show a steady year-on-year increase, with values expected to climb progressively from 35.73 to 37.15 billion euros. These increments reflect stable annual growth, suggesting a compound annual growth rate (CAGR) indicative of modest but consistent inflation in labor costs over this five-year period.
As we look to the future, key trends to watch include potential impacts from technological advancements and automation, changes in energy prices affecting production costs, and evolving environmental regulations that could necessitate further investment in sustainable practices, potentially influencing labor costs in these sectors.
