Greater Toronto Area Bio-economy Hiring Requirement Outlook by Job Function, 2021-2029

A table describing the bio-economy hiring requirements by job function in the GTA. Overall, an estimated 14,270 additional workers will need to be hired by 2029, broken down by year as follows: 510 additional workers in 2021; 1,740 in 2022; 1,930 in 2023; 1,670 in 2024; 720 in in 2025; 1,920 in 2026; 1,950 in 2027; 1,900 in 2028; 1,930 in 2029. For manufacturing and production, an estimated 3,360 additional workers will need to be hired by 2029, broken down by year as follows: 150 additional workers in 2021; 430 in 2022; 480 in 2023; 410 in 2024; 240 in 2025; 430 in 2026; 420 in 2027; 400 in 2028; 400 in 2029. This represents 24% of the overall hiring requirement in the area’s bio-economy. For research and development, an estimated 2,970 additional workers will need to be hired by 2029, broken down by year as follows: 30 fewer workers in 2021; 360 additional workers in 2022; 400 in 2023; 350 in 2024; 100 in 2025; 430 in 2026; 450 in 2027; 450 in 2028; 460 in 2029. This represents 21% of the overall hiring requirement in the area’s bio-economy. For management, finance and administration, an estimated 2,370 additional workers will need to be hired by 2029, broken down by year as follows: 200 additional workers in 2021; 280 in 2022; 310 in 2023; 270 in 2024; 120 in 2025; 300 in 2026; 300 in 2027; 290 in 2028; 300 in 2029. This represents 17% of the overall hiring requirement in the area’s bio-economy. For distribution and logistics, an estimated 940 additional workers will need to be hired by 2029, broken down by year as follows: 60 additional workers in 2021; 120 in 2022; 130 in 2023; 100 in 2024; 30 in 2025; 130 in 2026; 130 in 2027; 120 in 2028; 120 in 2029. This represents 7% of the overall hiring requirement in the area’s bio-economy. For marketing, business development and sales, an estimated 800 additional workers will need to be hired by 2029, broken down by year as follows: 60 additional workers in 2021; 100 in 2022; 110 in 2023; 90 in 2024; 30 in 2025; 110 in 2026; 100 in 2027; 100 in 2028; 100 in 2029. This represents 6% of the overall hiring requirement in the area’s bio-economy. For quality control and assurance, an estimated 800 additional workers will need to be hired by 2029, broken down by year as follows: 10 additional workers in 2021; 100 in 2022; 110 in 2023; 90 in 2024; 30 in 2025; 110 in 2026; 120 in 2027; 110 in 2028; 120 in 2029. This represents 6% of the overall hiring requirement in the area’s bio-economy. For information technology, an estimated 470 additional workers will need to be hired by 2029, broken down by year as follows: 30 additional workers in 2021; 50 in 2022; 60 in 2023; 50 in 2024; less than 10 in 2025; 70 in 2026; 70 in 2027; 70 in 2028; 70 in 2029. This represents 3% of the overall hiring requirement in the area’s bio-economy. For legal and regulatory affairs, an estimated 280 additional workers will need to be hired by 2029, broken down by year as follows: 30 additional workers in 2021; 30 in 2022; 30 in 2023; 30 in 2024; 10 in 2025; 30 in 2026; 40 in 2027; 40 in 2028; 40 in 2029. This represents 2% of the overall hiring requirement in the area’s bio-economy. For “other” job functions, an estimated 2,280 additional workers will need to be hired by 2029, broken down by year as follows: less than 10 workers in 2021; 270 in 2022; 300 in 2023; 280 in 2024; 160 in 2025; 310 in 2026; 320 in 2027; 320 in 2028; 320 in 2029. This represents 16% of the overall hiring requirement in the area’s bio-economy.

Published in Close-up on the bio-economy: Greater Toronto Area (December 6, 2021)