The global Indonesia plastics market size was valued at USD 8.63 Billion in 2022 and is likely to reach USD 14.58 Billion by 2031, expanding at a CAGR of 6% during the forecast period, 2023–2031. The growth of the market is attributed to a rising usage of flexible packaging.
Indonesia is experiencing a waste issue on land as well as in the waters surrounding its islands. According to a study published by science magazine an academic journal of the American association for the advancement of science Indonesia is the second-largest source of plastic garbage in the ocean, after China.
Rising demand for plastic in Indonesia is due to changing lifestyle and buyers desire for innovative packaged items. Factors such as increasing disposable incomes and consumers becoming more time-constrained, particularly in developed economies are resulting in market growth.
Market Trends, Drivers, Restraints, and Opportunities
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Increasing 3-D printing technology in design and production is projected to boost the market during the forecast period.
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Rapid growth of the food packaging industry is key factors driving the market in the coming years.
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High dependence on imported raw materials is anticipated to hamper the market expansion.
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Government plan to charge for use of plastic bags act as major factor that can hamper the market growth during the forecast period.
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Using cassava and other organic compounds, Indonesia has successfully created biodegradable and bio-polymer plastic replacement goods all these are expected to create immense opportunities for the market players.
Scope of the Report
The report on the Indonesia plastics market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Indonesia Plastics Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Technologies (Extrusion Molding, Blow Molding, Injection Molding, and Other Technologies), Applications (Automotive & Transportation, Packaging, Electrical & Electronics, Building & Constructions, Furniture & Beddings, and Others), and Types (Polybutylene Terephthalate (PBT), Polycarbonates (PC), Polyether Ether Ketone (PEEK), Polyethylene (PE), Polyoxymethylene (POM), Polyethylene Terephthalate (PET), Polyimide (PI), Polymethyl methacrylate (PMMA), Polytetrafluoroethylene (PTFE), Polyvinyl Chloride (PVC), Polypropylene (PP), Polystyrene (PS), Acrylonitrile butadiene styrene (ABS)/ Styrene acrylonitrile (SAN), Liquid Crystal Polymer (LCP), Polyamide (PA), and Other)
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Country Scope
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Indonesia
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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TORAY INDUSTRIES, INC; PT LOTTE CHEMICAL TITAN Tbk; PT Polychem Indonesia Tbk; PTT Global Chemical Public Company Limited; BASF SE
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Indonesia Market Segment Insights
The injection molding segment is anticipated to expand at a substantial CAGR
In terms of technologies, the Indonesia plastics market is segregated into extrusion molding, blow molding, injection molding, and others. The injection molding segment is expected to constitute a key share of the market in the coming years owing to frequently used in the mass manufacture of high-performance plastic pallet.
The packaging segment is projected to hold a key market share
On the basis of applications, the Indonesia plastics market is divided into automotive & transportation, packaging, electrical & electronics, building & constructions, furniture & beddings, and others. The packaging segment is expected to hold a key share of the market during the forecast period due to high mechanical strength, chemical resistance, and recyclability are rising usage of engineering plastics in packaging.
However, the building & constructions segment is anticipated to expand at a rapid pace during the forecast period owing to growing infrastructure in the country.
The polyethylene terephthalate (PET) segment is expected to grow at a rapid pace
Based on types, the Indonesia plastics market is segmented into polybutylene terephthalate (PBT), polycarbonates (PC), polyether ether ketone (PEEK), polyethylene (PE), polyoxymethylene (POM), polyethylene terephthalate (PET), polyimide (PI), polymethyl methacrylate (PMMA), polytetrafluoroethylene (PTFE), polyvinyl chloride (PVC), polypropylene (PP), polystyrene (PS), acrylonitrile butadiene styrene (ABS)/ styrene acrylonitrile (SAN), liquid crystal polymer (LCP), polyamide (PA), and others.
The polyethylene terephthalate (PET) segment is expected to represent a key share of the market in the coming years owing to most often used polymers for packaging, particularly in the food and beverage sector.
Segments
The Indonesia plastics market has been segmented on the basis of
Technologies
- Extrusion Molding
- Blow Molding
- Injection Molding
- Others
Applications
- Automotive & Transportation
- Packaging
- Electrical & Electronics
- Building & Constructions
- Furniture & Beddings
- Others
Types
- Polybutylene Terephthalate (PBT)
- Polycarbonates (PC)
- Polyether Ether Ketone (PEEK)
- Polyethylene (PE)
- Polyoxymethylene (POM)
- Polyethylene Terephthalate (PET)
- Polyimide (PI)
- Polymethyl methacrylate (PMMA)
- Polytetrafluoroethylene (PTFE)
- Polyvinyl Chloride (PVC)
- Polypropylene (PP)
- Polystyrene (PS)
- Acrylonitrile butadiene styrene (ABS)/ Styrene acrylonitrile (SAN)
- Liquid Crystal Polymer (LCP)
- Polyamide (PA)
- Others
Country
Key players
Competitive Landscape
Key players competing in the Indonesia plastics market include TORAY INDUSTRIES, INC; PT LOTTE CHEMICAL TITAN Tbk; PT Polychem Indonesia Tbk; PTT Global Chemical Public Company Limited; BASF SE.
Some of these players are focusing on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
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