The market size of handbags made from vulcanised fibre or paperboard in Belgium decreased from 6.4571 million USD in 2013 to 5.0334 million USD in 2023. Over recent years, the market saw a decline with a year-on-year decrease of 1.49% between 2022 and 2023 and a 5-year CAGR of -1.38%. After peaking in 2020, the market showed a downward trend influenced by factors like changing consumer preferences and market saturation.

Future trends to watch for include:

Increasing consumer demand for sustainable products may drive innovation in eco-friendly handbags.
Potential recovery as manufacturers adapt to post-pandemic market conditions.
Changes in fashion trends influencing material choices and designs.