From 2013 to 2023, the market size value per capita for handbags of vulcanized fibre or paperboard in Belgium showed a modest decline. In 2023, the value stood at $0.47. Notably, the market peaked in 2013 at $0.58 and generally stabilized around $0.47 between 2017 and 2023, illustrating a persistent period of minimal change. Recent years, 2022 and 2023, exhibited no year-on-year growth at 0%. The compound annual growth rate (CAGR) over the past five years remained stable at 0%.
Future trends to watch: the market may experience moderate growth with a shift toward sustainable and eco-friendly materials, responding to increasing consumer environmental awareness.
