The waste treatment and disposal turnover in Belgium experienced significant fluctuations over the past decade. From 2013 to 2023, the sector saw a pronounced decline, with turnover values reducing from 2.21 billion Euros in 2013 to 1.28 billion Euros in 2023. Variations include a dramatic drop of 26.81% in 2014 and a growth peak of 12.45% in 2020. Recent trends indicate a yearly contraction, with the market shrinking by 3.87% in 2023 compared to the previous year. The Compound Annual Growth Rate (CAGR) over the last 5 years leading up to 2023 was slightly positive at 0.23%.
Looking to the future, the sector is anticipated to continue its downward trend, with forecast turnover dropping steadily to 1.03 billion Euros by 2028, reflecting a forecasted 5-year CAGR of -3.48%, and an overall decrease of 16.23% from 2023 to 2028.
Future trends to watch for:
- Increasing environmental regulations and sustainability practices which may impact operational costs and market dynamics.
- Technological innovations in waste treatment processes that could improve efficiency and reduce costs.
- Potential shifts towards a circular economy framework that may influence the traditional waste management sectors.
