The turnover in the waste treatment and disposal sector in Belgium demonstrates significant fluctuations from 2013 to 2023. After a peak in 2013 at €2.21 Billion, the sector experienced a prominent decline over the years, settling at €1.28 Billion in 2023. This represents a considerable year-on-year decrease of 3.88% from 2022. Over the last five years, the compound annual growth rate (CAGR) has been negative, illustrating a downward trend of -3.48%, forecasted to continue to 2028, with an expected 16.23% decline over this period. The key point of this declining trajectory experienced a brief respite in 2020 with a 12.45% year-on-year growth, but resumed a downward trend thereafter.
Forecasts indicate a continued decrease in sector turnover, projecting it to reach €1.03 Billion by 2028. The forecasted 5-year CAGR bolsters the outlook with an expected average annual decline of 3.48%. This downward trend highlights the need for strategic shifts to address potential underlying causes.
Future trends to watch for:
- Adoption of advanced waste treatment technologies
- Government regulations impacting waste management practices
- Corporate responsibility and sustainability initiatives driving changes in waste generation and disposal
- Economic factors influencing industrial waste output
