The analysis of plastic packaging goods wages and salaries in Belgium shows a notable decline over the past decade. Peak levels in 2013 at 208.5 million euros have diminished consistently, reaching 157.8 million euros in 2023. Year-on-year variations over the last two years indicated a continuous, albeit slower, decline with a reduction of 0.44% in 2022 and 0.32% in 2023. Over the last five years, the compound annual growth rate (CAGR) was -4.58%, reflecting a sustained downward trend.
Moving forward, forecasts from 2024 through 2028 predict a further, though considerably smaller, decline with a projected CAGR of -0.13%. Monitoring labor cost trends, potential automation impacts, and market demand fluctuations will be critical. Adaptation strategies will be necessary to navigate the anticipated economic landscape for plastic packaging in Belgium.
