In 2023, the turnover in the Glass and Glass Products sector in Belgium stood at 4.6 billion Euros. Based on the forecasted data, the sector is projected to grow consistently over the next five years, reaching 6.47 billion Euros by 2028. The year-on-year percentage growth is observed as:
- 2024: 7.39%
- 2025: 7.89%
- 2026: 7.13%
- 2027: 6.83%
- 2028: 6.07%
Over the past two years, the year-on-year variation has averaged around 7.14%. The Compound Annual Growth Rate (CAGR) over the five-year forecast period from 2024 to 2028 is approximately 7.06%.
Future trends to watch for include advancements in glass manufacturing technologies, increasing demand in the construction and automotive industries, and sustainability-driven innovations. Economic factors and regulatory changes in the EU could also significantly impact the sector's growth trajectory.
