The Paper and Paper Products turnover in Belgium has shown a downward trend from 2013 to 2023, with turnover decreasing from €5.09 billion to a forecasted €4.63 billion for 2023. Year-on-year variation has fluctuated, with notable declines in 2018 (-12.75%) and 2015 (-2.89%). CAGR over the last five years demonstrates an average annual decrease of -0.6%. Projected turnover for 2028 is €4.46 billion, further reflecting this declining trend with a forecasted five-year CAGR of -0.6%.
Future trends to watch include technological advancements in digital communication reducing paper demand, and evolving environmental regulations that might impact production costs and operations in the paper industry.
