The waste collection sector in Belgium saw significant fluctuations in production values from 2013 to 2023, with a notable increase in 2015 and 2016. By 2023, the production value stood at 927.6 million Euros, marking a slight year-on-year increase of 1.38%. The five-year CAGR leading to 2023 was 2.59%, indicating steady growth. Over the last two years, production values increased by 1.38% each year, underscoring a trend of modest growth and stability.
Future trends to watch for:
• The forecasted CAGR of 0.98% for the next five years suggests cautious optimism in growth, albeit at a slower rate compared to previous years.
• Innovations in waste management technologies and stricter environmental regulations may drive efficiency and further influence production values.
• Sustainability initiatives and recycling efforts are likely to impact the sector positively, contributing to gradually increasing production values.
