Plastic Packaging Market size In Indonesia to grow by USD 1.00 billion from 2021 to 2026 | The innovations in packaging to boost growth- Technavio

NEW YORK, Aug. 25, 2023 /PRNewswire/ -- The plastic packaging market in Indonesia is expected to grow by USD 1.00 billion from 2021 to 2026. However, the growth momentum will be progressing at a CAGR of 2.57% during the forecast period, according to Technavio. The plastic packaging market in Indonesia is fragmented, and the vendors are seeking strong partnerships with automotive, industrial, and commercial companies to compete in the market. Amcor Plc, Berry Global Inc., Constantia Flexibles Group GmbH, Coveris Management GmbH, National Flexible, Sealed Air Corp., Silgan Holdings Inc., Sonoco Products Co., Tetra Laval International SA, and Wipak Group are some of the major market participants -. To know about the vendor offerings - Request a free sample report

The plastic packaging market in Indonesia is fragmented, and the degree of fragmentation will accelerate. The innovations in packaging to improve convenience will offer immense growth opportunities. However, the Volatility in crude oil prices will hamper the market growth.

Plastic Packaging Market in Indonesia 2022-2026: Drivers & Challenges

The innovations in packaging to improve convenience is notably driving the growth of the plastic packaging market in Indonesia. 

The availability of substitutes for packaging is one of the significant challenges hindering the growth of the plastic packaging market in Indonesia. Numerous substitute materials, such as glass, board, and paper, are available in the market for packaging. Paper is one of the primary substitutes for plastic in the food industry. However, plastic is one of the most widely used packaging materials, and it has many environmental consequences due to its composition. In addition, packaging product manufacturers are coming up with creative and innovative combo packages such as plastic and paper combinations. Such combinations are achieving popularity due to the augmented requirement for better packaging products. This, in turn, will impede the demand for plastic packaging during the forecast period.

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Plastic Packaging Market in Indonesia 2022-2026: Segment Analysis

• Product 
• Rigid
• Flexible
• Application 
• Food And Beverages
• Industrial
• Pharmaceuticals
• Personal And Household Care
• Others

Plastic Packaging Market in Indonesia 2022-2026: Segmentation Highlights

This report extensively covers the plastic packaging market in Indonesia segmentation by product (rigid and flexible) and application (food and beverages, industrial, pharmaceuticals, personal and household care, and others). 

• The plastic packaging market share growth in Indonesia by the rigid segment will be significant during the forecast period. The food and beverage, healthcare, and consumer packaged goods sectors are the prominent end-users of rigid plastic packaging products. Rigid plastic packaging also enables companies to perform marketing and advertising campaigns using innovative and attractive designs, which will lead to an increase in the demand for rigid plastic packaging. In addition, rigid plastics are a grade of highly toughened plastics that are used for a number of applications such as packaging of bulk and unit materials. 

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies, growth strategies, product innovations, new product launches, investments, and growth in market share, among others Buy the Report

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The Rigid Plastic Packaging Market size is estimated to grow at a CAGR of 5.24% between 2022 and 2027. The market size is forecast to increase by USD 60.86 billion.

The flexible plastic packaging market is estimated to grow at a CAGR of 4.75% between 2022 and 2027. The market size is forecasted to increase by USD 43.64 billion. 

Table of contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Product

7 Market Segmentation by Application

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

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SOURCE Technavio