In terms of the forecasted number of persons employed in the glass fibers sector in Belgium, the data for 2024 forecasts an employment of 1.16 thousand, increasing to 1.17 thousand in 2025 and 2026, and to 1.18 thousand in 2027 and 2028. For reference, the number of persons employed in 2023 stood at 1.15 thousand. This indicates a slight but consistent upward trend in employment.
The year-on-year variation from 2023 to 2024 reveals a modest increase of 0.87%. From 2024 to 2025, the sector is forecasted to see a minor 0.86% rise in employment, while from 2025 to 2026, the growth rate remains steady at 0%. From 2026 to 2027, the number of employees is anticipated to increase again by 0.85%, with no change expected from 2027 to 2028. Over the five-year period, the compound annual growth rate (CAGR) is approximately 0.52%.
Future trends to watch for include technological advancements in production processes, which could increase efficiency and possibly reduce the need for labor, and market demand shifts influenced by construction and automotive sectors. Additionally, regulatory changes and sustainability practices within Europe may impact labor dynamics in the glass fibers industry.
