Key Market Indicators
Belgian Plastic Product Sales are on track to reach approximately €8.7 billion by 2028, up from €8.2 billion in 2023. This represents an average annual growth rate of 1%. Over the past decade, from 2013 onwards, the Belgian market has seen a 2% year-on-year increase. In 2023, Belgium ranked eighth in the global market, with the Netherlands surpassing it with sales of €8.2 billion. Italy, France, and the United Kingdom occupied the second, third, and fourth positions, respectively. Belgian plastic imports are projected to hit $23.3 billion by 2028, rising from $21.5 billion in 2023, with an average annual growth rate of 1.3%. Since 2004, the demand for plastic in Belgium has grown by 1.4% annually. On the export front, Belgium is expected to see its plastic export figures climb to $36.6 billion by 2028, up from $34.2 billion in 2023. This translates to a compound annual growth rate (CAGR) of 1.1%. Belgian plastic supply has experienced a steady annual increase of 0.9% since 2004.
