The gross investment in the packaging paper sector in Belgium has shown significant fluctuations over the past decade. From 2013 to 2016, investments saw a declining trend, with a noticeable drop between 2015 and 2016. However, 2017 experienced a substantial recovery. The period between 2018 and 2023 was marked by volatility, including an impressive peak in 2019 and a steady rise from 2020 onwards. By 2023, the investment stood at 108.7 million euros. The average annual growth (CAGR) over the past five years is 11.49%, indicating an overall positive growth trend.
Future Trends to Watch:
-Continued growth: Forecasts predict a CAGR of 2.61% from 2024 to 2028, suggesting stable growth.
-Sustainable investment: Focus on eco-friendly and recyclable packaging materials is likely to drive investments.
-Innovation: Technological advancements in packaging could lead to increased efficiency and higher investments.