The employees in the Paper Products Manufacturing Sector in Belgium stood at 11.7 thousand units in 2023. Over the span from 2013 to 2023, the employment levels experienced a general decline until 2017, followed by a stabilization and modest growth from 2018 onwards. In recent years, the employment numbers have stabilized, with minor fluctuations. The year-on-year variations for 2022 and 2023 were both 0%, indicating stability. The compound annual growth rate (CAGR) for the last five years was 1.24%, showing a slow but steady recovery.
Looking forward to 2024 and beyond, the forecast suggests a slight growth trend, with the five-year CAGR projected at 0.17% and the forecasted five-year growth rate at 0.85%. By 2028, the sector is expected to maintain this modest upward trajectory, reaching 11.9 thousand employees.
Future trends to watch for include potential impacts of digitalization and automation on the workforce, fluctuations in demand for paper products influenced by environmental policies, and shifts in trade dynamics that could affect employment levels in this sector.
