The total internal R&D personnel in the manufacture of wood, paper, printing, and reproduction in Canada was at 1.50 thousand full-time equivalents in 2023. The forecasted data from 2024 to 2028 indicates a steady decline: 1.44, 1.36, 1.29, 1.21, and 1.14 thousand respectively. Year-on-year percentage decrease is estimated at 5.6% from 2024 to 2025, continuing at approximately similar rates through 2026 to 2028. The five-year compound annual growth rate (CAGR) reflects an average decrease of around 5.1% annually.
Future Trends to Watch For:
- Increasing automation and digitalization may further reduce the need for R&D personnel.
- Shifts in global supply chains and sustainability practices might impact R&D strategies and personnel demands.
- Innovations in eco-friendly and recycled materials could create new opportunities for R&D roles.