The output of environmental services in construction in Belgium has shown a steady increase over the years. In 2023, the value of this output stood at 2.64 billion Euros. Notably, between 2014 and 2018, the sector experienced significant growth, with a peak year-on-year increase of 20.22% in 2018. Following a period of stabilization from 2019 to 2020, the market resumed modest growth, achieving a 3.21% increase in 2023. Over the last five years, the sector has seen an average annual growth rate of 2.23% (CAGR).
Looking ahead, the forecast suggests a continued upward trend with an average annual growth rate of 1.72% (CAGR) from 2024 to 2028, projecting the total market value to reach approximately 2.96 billion Euros by 2028.
Future trends to watch for include the impact of regulatory changes and sustainability initiatives on market growth, as well as advancements in green technologies and construction practices that may drive further increases in environmental service outputs within the sector.
