The pulp, paper, and paperboard turnover in Belgium showed a fluctuating pattern from 2013 to 2023, with significant declines in several years, notably in 2017 and 2018. In 2023, the turnover stood at 1.08 Billion Euros, reflecting a minor decrease from the previous year. Over the last two years, the trend indicated a modest average annual growth rate, with a CAGR of 1.73% despite a general downward trajectory in earlier years. Past five years showed an average annual decline of 1.73% until 2023. Forecasts suggest a continuous decline, with the market expected to contract at an average annual rate of -4.33%, potentially reducing by 19.86% by 2028.
Future trends to watch for include shifts towards digital media reducing paper demand, rising emphasis on sustainability and recycling in the production process, and potential impacts of global economic conditions on the industry. Adopt adaptive strategies to mitigate the projected decline.
