Between 2013 and 2023, the production value in the packaging paper sector in Belgium experienced fluctuations but displayed an overall increasing trend. It reached 1.32 Billion Euros in 2023. Despite occasional declines, such as the significant drop in 2018 (-17.31%), the sector generally showed resilience, bouncing back with notable increases like the 8.66% rise in 2020. The five-year CAGR up to 2023 was a moderate 2.45%, indicating steady long-term growth.
Looking forward from 2024 to 2028, the forecasted data suggest a stabilization in the sector, with production values remaining consistent at 1.32 Billion Euros. The anticipated average yearly growth rate is relatively flat at 0.06%, pointing to a plateau.
Future trends to watch for:
- Potential impacts of technological advancements on production efficiency and costs.
- Environmental regulations influencing sustainable practices in packaging production.
- Market disruptions from global economic changes or new market entrants.