In the UK, employment in the wholesale of waste and scrap and other products sector is forecasted to experience a gradual decline from 2024 through 2028, decreasing slightly each year from 40.25 thousand full-time equivalents in 2024 to 39.88 thousand in 2028. This sector has seen a decline, reflecting potential challenges or structural adjustments within the industry.
Year-on-year, the sector's employment is anticipated to decrease by approximately 0.22% annually from 2024 to 2028. Over the five-year period, employment shrinks at a compounded annual growth rate (CAGR) of about -0.19%.
Looking ahead, future trends to watch for include:
- Technological advancements in recycling and waste processing that may alter employment needs.
- Potential regulatory changes impacting the sector's operations and employment.
- Volatility in commodity prices which could affect the market dynamics for recyclable materials.
