A Quick Overview of Indonesia Plastics Market

The key object of this report on the Indonesia Plastics Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.

MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the Indonesia Plastics Market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.

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Indonesia Plastics Market Scenario:

The Indonesia Plastics Market size is estimated to grow at a CAGR of around 6.5% during the forecast period, i.e., 2024-30. The Indonesian market exhibits a robust growth trajectory, propelled by consistent economic expansion. This upward trend fosters a heightened demand for plastics across diverse sectors, including packaging, construction, automotive, and consumer goods.The growing industries fuel the consumption of plastic products, further amplified by Indonesia's notable urbanization. With a rapidly growing urban population, the need for plastic intensifies, particularly in construction, infrastructure development, and consumer goods.

Indonesia Plastics Market - Industry Dynamics, Size, And Opportunity Forecast To 2030:

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 Analysis:

Indonesia Plastics Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:

By Type

• Traditional Plastics
  • Polyethylene- Market Size & Forecast 2019-2030, (Thousand Tons)
  • Polypropylene- Market Size & Forecast 2019-2030, (Thousand Tons)
  • Polyvinyl Chloride- Market Size & Forecast 2019-2030, (Thousand Tons)
  • Polystyrene- Market Size & Forecast 2019-2030, (Thousand Tons)
• Engineering Plastics
  • Polyethylene Terephthalate (PET)- Market Size & Forecast 2019-2030, (Thousand Tons)
  • Polybutylene Terephthalate (PBT)- Market Size & Forecast 2019-2030, (Thousand Tons)
  • Polycarbonates(PC)- Market Size & Forecast 2019-2030, (Thousand Tons)
  • Styrene Polymers (ABS & SAN)- Market Size & Forecast 2019-2030, (Thousand Tons)
  • Fluoropolymers- Market Size & Forecast 2019-2030, (Thousand Tons)
  • Polyoxymethylene (POM)- Market Size & Forecast 2019-2030, (Thousand Tons)
  • Polymethyl Methacrylate (PMMA)- Market Size & Forecast 2019-2030, (Thousand Tons)
  • Polyamide (PA)- Market Size & Forecast 2019-2030, (Thousand Tons)
  • Others (Liquid Crystal Polymer, Polyether Ether Ketone)- Market Size & Forecast 2019-2030, (Thousand Tons)
• Bioplastics- Market Size & Forecast 2019-2030, (Thousand Tons)

 By Plastics Molding Technology

• Injection Molding- Market Size & Forecast 2019-2030, (Thousand Tons)
• Extrusion Molding- Market Size & Forecast 2019-2030, (Thousand Tons)
• Blow Molding - Market Size & Forecast 2019-2030, (Thousand Tons)
• Others- Market Size & Forecast 2019-2030, (Thousand Tons)

 By Application

• Packaging- Market Size & Forecast 2019-2030, (Thousand Tons)
• Electrical and Electronics- Market Size & Forecast 2019-2030, (Thousand Tons)
• Building and Construction- Market Size & Forecast 2019-2030, (Thousand Tons)
• Automotive and Transportation- Market Size & Forecast 2019-2030, (Thousand Tons)
• Furniture and Bedding- Market Size & Forecast 2019-2030, (Thousand Tons)
• Others (Houseware)- Market Size & Forecast 2019-2030, (Thousand Tons)

 By Region

• Java
• Sumatra
• Kalimantan
• Sulawesi
• Others.

Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/indonesia-plastics-market.html

Who are the Key Market Players in the Indonesia Plastics Market?

In the fast-changing Indonesia Plastics Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top companies of the Indonesia Plastics market ruling the industry are:

List of Key Companies Profiled:

• 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)
• Trias Toyobo Astria (TTA)
• Others (Solvay Chemicals Indonesia, Toray International Indonesia, etc.).

Indonesia Plastics 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.

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