From 2013 to 2023, the per capita value of the waste and scrap of paper and paperboard market in Belgium declined significantly, from $21.69 to $11.22 USD per capita. Notable year-on-year decreases include 18.04% in 2019, 17.72% in 2020, with a slight recovery of 13.54% in 2021. The compound annual growth rate (CAGR) over the last five years stands at -6.11%, indicating a consistent downward trend.
Future trends to watch for:
- Increasing focus on recycling and sustainability could potentially reverse the declining trend.
- Innovations in recycling technologies may offer new opportunities for market growth.
- Regulatory changes and environmental policies in the EU and Belgium could impact market conditions.