The forecast indicates a gradual decline in the number of self-employed individuals in the rubber, plastics, and other non-metallic mineral products manufacturing sector in Canada from 2024 to 2028. In 2023, this figure stood at 1.90 thousand. From 2024 to 2025, the year-on-year variation is approximately -3.83%. From 2026 to 2027, the variation stands around -4.14%. Over the five-year period, the compound annual growth rate (CAGR) is approximately -3.17%, indicating a consistent decrease in self-employment.
Future trends to watch for include:
- Advancement in manufacturing technology which may reduce the need for self-employed roles.
- Economic shifts affecting demand for these materials, impacting self-employment opportunities.
- Changes in government policies or trade agreements potentially influencing the sector.