Forecast: Printing Inks (Excluding Black) Market Size Volume in Belgium

The Belgian market for printing inks (excluding black) stood at 30.296 million kilograms in 2023. Reviewing the last few years, the market experienced steady growth from 2013 to 2017, followed by a significant drop in 2018. From 2019 onward, the market showed signs of recovery, with minor fluctuations, achieving a modest increase by 2020. The most recent data indicate a slight decline in 2022 and 2023. The average annual growth rate (CAGR) for the past five years until 2023 is 3.61%.

Key trends over the last two years:

• 2022: -0.18% year-on-year
• 2023: -0.18% year-on-year

Future Trends:

• From 2024 to 2028, the forecasted CAGR is -0.14%, suggesting a nearly stable but slightly declining market.
• The long-term trend reflects a consolidation phase with negligible growth, where efficiency improvements and technological advancements in printing technologies could play a key role.