Indonesia Plastics Market Poised for Strong 6.5% CAGR Through 2030 | Size & Opportunity Insights

MarkNtel Advisors recently published a detailed industry analysis of the Indonesia Plastics Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Indonesia Plastics Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

The Indonesia Plastics Market size is estimated to grow at a CAGR of around 6.5% during the forecast period, i.e., 2025-30.

Key Findings in Indonesia Plastics Market:

• Historical Analysis: 2020–2023
• Base Year: 2024
• Forecast Period: 2025–2030

Leading Market Players- Asahimas Chemical Company, BASF SE, Lotte Chemical Titan Holding Berhad, PT ALBA Tridi Plastics Recycling, PT Pertamina (Persero), Polychem Indonesia Tbk, Chandra Asri Petrochemical, LyondellBasell Industries Holdings BV, Standard Toyo Polymer (Tosoh Corporation), Pt. Trias Toyobo Astria (TTA), Others

Key Highlights of the Report

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

What are the major Driver the Indonesia Plastics industry?

Growing Demand from the Packaging Industry Driving Market Growth & Expansion – Plastics are crucial in the packaging industry as they offer numerous benefits that drive market growth, including exceptional wear and chemical resistance, ease of shaping, recyclability, puncture resistance, and high mechanical strength. Indonesia favors polyethylene terephthalate (PET) for its outstanding characteristics when it comes to packing applications. Plastics reign supreme across industries like food retailing and pharmaceuticals thanks to features such as lightweight design adaptability, easy maintenance, and moisture protection capabilities, making them superior alternatives compared with other materials.

Furthermore, PET plastic boasts properties that make it an excellent choice, particularly for food packaging, because of its low handling risks, minimal toxicity, and absence of bisphenol A(BPA) or heavy metals, which guarantee safety standards. Additionally, pharmaceutical companies can’t function without using plastics due to their versatility in critical areas like blood bags, syringes, nebulizers, and medicine bottles, amongst others. Notably, Indonesia's rising population fuels pharmaceutical advancements, consequently escalating plastic consumption within the nation, thereby further driving the market forward.

In addition, plastic packaging usage is on the rise within Indonesia's e-commerce sector. For instance,

• As per the report by Agriculture and Agri-Food Canada, e-commerce sales at the retail level in Indonesia experienced a sharp rise to USD 48.1 billion in the year 2022 and are anticipated to witness an upsurge reaching USD 90.5 billion by the end of the year 2026.
• According to the United States Department of Agriculture, the value of packaged food sales in Indonesia's retail market grew from USD 33.5 billion in 2021 to USD 38.2 billion in 2022.

This trend, which shows the growing consumption of plastics in food packaging within the country, is expected to continue in the coming years as well.

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What segments define the Indonesia Plastics Market from 2025 to 2030? How do these segments contribute to market dynamics and growth?

 By Type

• Traditional Plastics
• Polyethylene- Market Size & Forecast 2020-2030, (Thousand Tons)
• Polypropylene- Market Size & Forecast 2020-2030, (Thousand Tons)
• Polyvinyl Chloride- Market Size & Forecast 2020-2030, (Thousand Tons)
• Polystyrene- Market Size & Forecast 2020-2030, (Thousand Tons)
• Engineering Plastics
• Polyethylene Terephthalate (PET)- Market Size & Forecast 2020-2030, (Thousand Tons)
• Polybutylene Terephthalate (PBT)- Market Size & Forecast 2020-2030, (Thousand Tons)
• Polycarbonates(PC)- Market Size & Forecast 2020-2030, (Thousand Tons)
• Styrene Polymers (ABS & SAN)- Market Size & Forecast 2020-2030, (Thousand Tons)
• Fluoropolymers- Market Size & Forecast 2020-2030, (Thousand Tons)
• Polyoxymethylene (POM)- Market Size & Forecast 2020-2030, (Thousand Tons)
• Polymethyl Methacrylate (PMMA)- Market Size & Forecast 2020-2030, (Thousand Tons)
• Polyamide (PA)- Market Size & Forecast 2020-2030, (Thousand Tons)
• Others (Liquid Crystal Polymer, Polyether Ether Ketone)- Market Size & Forecast 2020-2030, (Thousand Tons)
• Bioplastics- Market Size & Forecast 2020-2030, (Thousand Tons)

By Plastics Molding Technology

• Injection Molding- Market Size & Forecast 2020-2030, (Thousand Tons)
• Extrusion Molding- Market Size & Forecast 2020-2030, (Thousand Tons)
• Blow Molding - Market Size & Forecast 2020-2030, (Thousand Tons)
• Others- Market Size & Forecast 2020-2030, (Thousand Tons)

According to report, Injection molding technology leads the Indonesian plastics market in terms of market share and value, exemplifying its dominance across various sectors. 

By Application

• Packaging- Market Size & Forecast 2020-2030, (Thousand Tons)
• Electrical and Electronics- Market Size & Forecast 2020-2030, (Thousand Tons)
• Building and Construction- Market Size & Forecast 2020-2030, (Thousand Tons)
• Automotive and Transportation- Market Size & Forecast 2020-2030, (Thousand Tons)
• Furniture and Bedding- Market Size & Forecast 2020-2030, (Thousand Tons)
• Others (Houseware)- Market Size & Forecast 2020-2030, (Thousand Tons)

According to report, The Indonesian Plastic Market boasts a robust demand for packaging, making it one of its largest growing segments in terms of market share.

Explore the Complete Indonesia Plastics Market Analysis Report – https://www.marknteladvisors.com/research-library/indonesia-plastics-market.html

Geographical Analysis: Indonesia Plastics Market

By Region

• Java
• Sumatra
• Kalimantan
• Sulawesi
• Others

Indonesia Plastics Market Recent Development:

• In 2023, PT ALBA Tridi Plastics Recycling Indonesia, an ALBA Group Asia company, signed a USD 44.2 million blue loan agreement with the Asian Development Bank (ADB) to establish a polyethylene terephthalate (PET) recycling facility in Central Java.

• In 2022, Toyobo revealed a commitment of USD 73.2 million to establish a fresh polyester film packaging facility at Pt. Trias Toyobo Astria (TTA) in Indonesia. This expansion bolsters the company's foothold in the market.

Key Questions Addressed in This Study

• What are the primary factors driving the growth of the Indonesia Plastics Market?
• How is the Indonesia Plastics Market expected to evolve over the next five years?
• What key insights can be drawn from current trends shaping the market?
• What is the current market size, and how is it forecasted to change in the coming years?
• What is the future outlook for the market in terms of technological innovation and geographic expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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