MarkNtel Advisors, a leading market research firm, has showed its latest study titled “Indonesia Plastics Market”, offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Analysis and Insights into the Indonesia Plastics Market: 2024-2030
The Indonesia Plastics Market size is estimated to grow at a CAGR of around 6.5% during the forecast period, i.e., 2024-30.
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What are the primary factors driving the growth of the Indonesia Plastics market?
Indonesia Plastics Market Driver: 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.
Indonesia Plastics Market Segmentation
The Indonesia Plastics market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.
By Type
-Traditional Plastics
–Polyethylene
–Polypropylene
–Polyvinyl Chloride
–Polystyrene
-Engineering Plastics
–Polyethylene Terephthalate (PET)
–Polybutylene Terephthalate (PBT)
–Polycarbonates(PC)
–Styrene Polymers (ABS & SAN)
–Fluoropolymers
–Polyoxymethylene (POM)
–Polymethyl Methacrylate (PMMA)
–Polyamide (PA)
–Others (Liquid Crystal Polymer, Polyether Ether Ketone)
-Bioplastics
By Plastics Molding Technology
-Injection Molding
-Extrusion Molding
-Blow Molding
-Others
- Injection molding technology leads the Indonesian plastics market in terms of market share and value, exemplifying its dominance across various sectors.
By Application
-Packaging
-Electrical and Electronics
-Building and Construction
-Automotive and Transportation
-Furniture and Bedding
-Others (Houseware)
Geographical Analysis into the Indonesia Plastics Market
- Java
- Sumatra
- Kalimantan
- Sulawesi
- Others
Read Detailed Index of full Research Study at – https://www.marknteladvisors.com/research-library/indonesia-plastics-market.html
Competitive Landscape and Indonesia Plastics Market Share Analysis
The competitive landscape of the Indonesia Plastics market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.
The report features major players including:
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
Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.
Questions Addressed in this Study
- What factors are driving the Indonesia Plastics Market growth?
- How is the Indonesia Plastics Market expected to grow over the next five years?
- What are the key insights into the current trends in the Indonesia Plastics Market?
- What is the current size of the Indonesia Plastics Market, and how is it projected to change in the future?
- What is the future outlook for the Indonesia Plastics Market in terms of technological advancements and market expansion?
Why choose MarkNtel?
MarkNtel Advisors is a leading market research company, 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 & emerging geographies allows our clients to formulate their strategies in a much more 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 14.8 diverse industrial verticals.
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