The sold production of plastic packing goods in Belgium marked a gradual increase from 2013 to 2016. This growth product’s volume eventually peaked in 2018 before showing signs of stabilization. Notably, this stabilization phase, which began in 2019, persisted through 2023, which stood at 5.93 billion items in value. Over the last two years (2022 and 2023), year-on-year variations were minimal, demonstrating a slight decrease in production, showing a cautious market. The five-year CAGR illustrates an average annual decrease of 0.19%, indicating moderate contraction in production levels.
Future trends to watch for include:
- Advances in sustainable packaging and environmental regulations, likely pressuring the industry to reduce plastic usage.
- Technological innovations in packaging solutions that might either boost efficiency or substitute traditional plastic materials.
- Market demand shifts potentially driven by consumer preferences for eco-friendly packaging options.
- Economic factors and trade regulations which could impact production costs and exports.