The output of environmental services in manufacturing in Belgium, expressed in billion euros, has demonstrated a robust growth trajectory from 2014 to 2023. Initial year-on-year increases ranged from 5.42% to 12.72%, with an exceptionally sharp decrease of -17.49% in 2020 due to external factors likely related to the COVID-19 pandemic. The subsequent recovery phases showed substantial resilience and growth, with the value standing at 3.04 billion euros in 2023, marking an 8.21% increase from 2022.

Future trends to watch for:

Forecasted growth at an average annual rate (CAGR) of 3.01% over the next five years.
Total output is projected to reach 3.68 billion euros by 2028, representing an overall growth rate of 15.97% from 2023.
Focus on sustainability and regulatory changes may drive further investments in environmental services.