The sold production of plastic boxes, cases, and crates in Belgium has seen various trends and fluctuations over the past decade. In 2023, the value stood at €301.01 million, reflecting a 2.32% year-on-year increase compared to 2022. The market witnessed significant growth in years like 2017 and 2018 with growth rates of 9.37% and 10.27% respectively, while experiencing marked declines in 2016 and 2019 with year-on-year changes of -1.83% and -18.22% respectively. Over the long term, the CAGR of the market for the past five years stood at 0.27%, indicating moderate growth.
Looking forward, the forecast data suggests continued growth, with values expected to reach €334.07 million by 2028. The forecasted CAGR for the next five years is 1.65%, translating to an overall growth rate of 8.55% from 2023 to 2028. Future trends to watch for include potential impacts of regulatory changes on plastic usage, continued innovation in sustainable packaging, and shifts in consumer preferences towards eco-friendly products.
