Forecast: Plastic Packaging Goods Hours Worked in Belgium

The Plastic Packaging Goods Hours Worked in Belgium have shown a declining trend from 2013 to 2023, with values decreasing from 6.8139 million hours in 2013 to 4.7726 million hours in 2023. Year-on-year variations indicate fluctuations but a general downward trend, with a notable decline in 2019 by 16.7% and continuing decreases through 2023. The Compound Annual Growth Rate (CAGR) over the last five years stands at -5.33%, reflecting an overall decrease in the workforce hours dedicated to plastic packaging goods.

Future trends to watch for:

  • Further declines are projected, with the hours worked expected to decrease to 4.4056 million by 2028.
  • The forecasted five-year CAGR of -1.28% indicates a slowing rate of decline, suggesting a potential stabilization.
  • Monitoring industry shifts towards automation and sustainability could influence these forecasts, impacting workforce needs.

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