The recovered plastic packaging waste in Belgium stood at 383.49 thousand metric tons in 2023, representing a steady increase from previous years. Over the past decade, there has been consistent growth with notable increases during 2014 and 2020. The year-on-year variation indicates modest but stable advancements, with a recent 1.89% increase from 2022 to 2023. The five-year CAGR up to 2023 is approximately 2.26%, highlighting a progressive annual increase in recovered plastic packaging waste.
Future trends to watch include potential advancements in recycling technologies and regulatory changes aimed at increasing recycling rates. Forecasters predict a continued upward trajectory, with a forecasted 5-year CAGR of 1.37% and an overall growth rate of 7.02% by 2028. The market will likely focus on optimizing recovery processes and enhancing sustainability efforts.
