Latest News- Plastic Packaging Market in Indonesia: Rigid is expected to lead the Product segment during 2024-2028
The Plastic Packaging Market in Indonesia is being driven by Innovations in packaging to improve convenience
The Plastic Packaging Market in Indonesia is expected to grow at a CAGR of 2.5% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1030.4 million. In the Indonesian plastic packaging market, there is a growing focus on research and development to create lightweight packaging solutions. Lightweight packaging offers cost savings through reduced material consumption during manufacturing and increased shipping efficiency. It also enhances end-user convenience and is recyclable. For instance, glass packaging, while effective, is heavy and cumbersome for transportation, leading to higher production and bottling costs. Alternatively, vendors are offering lightweight and high-performance corrugated grades to address these concerns, thereby reducing environmental impact and overall costs.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Product (Rigid, Flexible) Application (Food and beverages, Industrial, Pharmaceuticals, Personal and household care, Others) Geography (APAC).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Plastic Packaging Market in Indonesia Research Report
Find out which segment is leading the market by accessing the free PDF report
The Plastic Packaging Market in Indonesia encompasses various sectors such as personal care and household care. Rigid packaging, including plastic containers, and flexible packaging, like PET bottles and plastic bags, dominate this market. Lightweight and transparent packaging are popular trends. The beverage industry, particularly PET and PE bottles, significantly contributes. Recycling PET bottles is a focus to mitigate plastic waste and environmental impact. Bioplastics are emerging alternatives to traditional plastic materials, reducing the reliance on rigid plastics in packaging products.
In the dynamic and diverse Indonesian market, the plastic packaging sector caters to various industries such as personal care, household care, and e-retail. This market is characterized by a fragmented supply chain, involving multiple stakeholders. Suppliers encompass raw material providers, including those specializing in metal container raw materials like steel, aluminum, and tin; glass container raw materials such as borosilicate, neutral glass, soda-lime-silica glass, treated soda-lime glass, de-alkalized soda-lime glass, and regular soda-lime glass; and plastic container raw materials such as high-density polyethylene (HDPE), low-density polyethylene (LDPE), polyethylene terephthalate (PET), polypropylene (PP), and polyvinyl chloride (PVC). The production process involves research and development, large-scale manufacturing, and distribution through channels catering to extreme temperature requirements, ensuring product integrity for rigid packaging, flexible packaging, lightweight packaging, and transparent packaging alternatives in glass, metal, and engineered plastic.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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