In 2023, the output of paper products in Belgium stood at 4.35 Billion Euros. Moving forward, the data forecasts a slight and steady increase in the output from 2024 to 2028. The year-on-year growth rates are modest, around 0.23% for 2024, 0.23% for 2025, 0.46% for 2026, 0.23% for 2027, and 0.23% for 2028. Over the last two years, the output has shown a slow but positive trend. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 0.3%.
Future trends to watch for:
- Technological advancements in recycling and production efficiency, potentially increasing output.
- Shifts in consumer behavior towards digital media which could impact demand for paper products.
- Environmental regulations and sustainability practices influencing production processes and costs.