The turnover of packaging services in Belgium stands at 709.8 million euros in 2024, forecasted to increase gradually to 718.9 million euros by 2028. In 2023, the actual turnover was 707.2 million euros. The year-on-year growth rates are as follows: 0.4% from 2023 to 2024, 0.4% from 2024 to 2025, 0.4% from 2025 to 2026, and 0.3% from 2026 to 2027.
The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 0.3%. This steady trend indicates a marginal but consistent increase in the sector over the forecast period.
Future trends to watch for include:
- Increasing demand for sustainable and eco-friendly packaging solutions.
- The impact of digital transformation on packaging services efficiency and innovation.
- Potential regulatory changes affecting packaging materials and processes.