The packaging paper production value in Belgium showed a mix of growth, decline, and stability from 2013 to 2023, ultimately reaching 1.32 billion Euros in 2023. There were notable fluctuations such as a significant dip in 2018 (-17.31%) and strong rebounds, particularly in 2020 (+8.66%). The year-on-year variation for 2021 and 2022 remained nearly flat. The most recent two years showed marginal increases (0.14% and 0.13%, respectively), leading to a forecasted stable production value of 1.32 billion Euros annually from 2024 to 2028. The compound annual growth rate (CAGR) over the past five years was 2.45%.
Future trends to watch for:
- Sustainability efforts and increased demand for eco-friendly packaging could drive innovations and potentially affect production values.
- Global supply chain dynamics and potential regulatory changes could lead to market fluctuations.
- Technological advancements in production processes may enhance efficiency, influencing production value stability or growth.
- Changes in consumer behavior, particularly with e-commerce growth, may impact the demand for packaging paper.