The recycled plastic packaging waste in Belgium has shown a growth trend from 2013 to 2023, with a notable increase reaching 193.32 thousand metric tons in 2023. The period witnessed fluctuations with significant growth in years like 2019 and 2021, and minor declines in 2018 and 2020. Over the last five years, the average annual growth rate (CAGR) stood at 5.57%, showcasing a robust upward trend.
Looking forward from 2024 to 2028, the forecast predicts a continued increase at a more moderate pace, with an average annual growth rate of 2.23%, translating to a projected growth rate of 11.67% over the next five years.
Future trends to watch for:
- Enhanced recycling technologies that could further increase efficiency.
- Regulatory actions aimed at reducing plastic waste and promoting recycling.
- Consumer behavior shifts towards more sustainable packaging options.
- Corporate sustainability commitments influencing packaging choices.
