In 2023, the production of plastics in primary forms in Belgium stood at 4.74 billion kilograms. The forecasted data for the years 2024 to 2028 shows a consistent year-on-year decline. From 2024 to 2025, production decreases by 3.05%. From 2025 to 2026, there is a further decline of 3.12%. The trend continues with a drop of 3.18% from 2026 to 2027, and a 3.27% decrease from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over these five years is approximately -3.07%, indicating a steady decrease in production volume.
Future trends to watch for include advancements in recycling technologies, regulatory changes encouraging sustainability, and shifts in consumer preferences towards eco-friendly products. These factors may influence production volumes and drive innovation within the industry.
