Forecast: Plastic Packaging Goods Number of Persons Employed in Belgium

The employment in the plastic packaging goods sector in Belgium showed a fluctuating pattern from 2013 to 2023. In 2023, the number of employees stood at 3.51 thousand. Over this period, the employment numbers dropped at an average rate of 1.36% annually from 2013, and witnessed significant year-on-year variations, particularly in 2019 with a sharp decline of 17.61%. The compound annual growth rate (CAGR) indicates a consistent negative trend, with a 5.1% average annual decrease leading to 2023.

Future trends to watch for include:

  • Continued decline in employment numbers, forecasted at a CAGR of -1.85% from 2024 to 2028.
  • Industry shifts towards automation and efficiency improvements, potentially further reducing labor requirements.
  • The impact of sustainability and environmental regulations potentially reshaping sector dynamics and employment.

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