The production value of packaging services in Belgium stood at 552.2 million Euros in 2023. The sector has seen fluctuating growth throughout the years, with notable increases in the early to mid-2010s, followed by some periods of decline and stability. In recent years, specifically from 2021 to 2023, the production value saw a marginal upward trend, while the 5-year CAGR from 2018 to 2023 held at 0.65%.
Looking ahead, the forecast indicates a modest growth trajectory with a 5-year CAGR of 0.25% from 2024 to 2028. Important trends to watch for include:
• Emphasis on sustainable and eco-friendly packaging solutions.
• Advances in packaging technology and automation.
• Increasing demand for customized and specialized packaging services.
• The impact of regulatory changes and environmental policies.
• Global supply chain dynamics and their influence on raw material availability.