In 2023, the printing ink market in Belgium stood at €97.166 million. It has been in a steady decline since 2013 when it was valued at €179.76 million. Over the past two years, from 2022 to 2023, the market experienced a year-on-year decrease of -2.74%. Between 2018 and 2023, the compound annual growth rate (CAGR) averaged at -2.34%. Over the last five years, from 2019 to 2023, the CAGR was subdued at -1.48%, indicating a consistent downward trend. The forecast from 2024 indicates a continuing decline, with projections showing a further decrease to €83.9 million by 2028. The forecasted CAGR from 2024 to 2028 is expected to be -2.34%, with an overall forecasted five-year growth rate of -11.18%.
Future trends to watch for include innovations in digital printing technologies, which may further impact traditional printing ink demand, and potential regulatory changes affecting ink formulations and environmental impact considerations that could influence the market dynamics.
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