Market Share of Indonesia Flexible Packaging Industry
The firm concentration ratio is expected to record higher growth during the forecast period as several players look at this market as a lucrative opportunity to consolidate their product offerings. The firm concentration ratio is expected to grow considerably over the forecast period. However, short product development cycles and relatively high exit barriers affect firms in this market. Overall, the competitive rivalry is expected to be high.
- In October 2022, PT ePacFlexible Packaging announced the offering of flat-bottom pouch packaging in addition to its extensive line of flexible pouch offerings. The company is extending its partnership with the industry-leading pouch equipment manufacturer, Totani, to bring its customers the highest quality finished products.
- In June 2022, PT Trias Sentosa Tbk (TRST), a prominent packaging manufacturer, announced that Biaxially orientated polypropylene (BOPP) and cast polypropylene (CPP), two new machines to be operational in the fourth quarter of 2022. TRST is expecting the year's sales to improve due to the inclusion of the new machine. A total investment value of USD 40 million and USD 8 million, respectively, is assigned to each of them. According to the corporation, there would be an additional 30,000 tonnes of output each year connected to BOPP. Meanwhile, the CPP engine will boost output by around 15,000 tonnes annually. The expanded production capacity totals 45,000 tonnes per year and is expected to begin operations in the fourth quarter of 2022.
Indonesia Flexible Packaging Market Leaders
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PrimaJaya Eratama
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PT ePac Flexibles Indonesia
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PT Indonesia Toppan Group
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PT Dinakara Putra
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PT Artec Package Indonesia
*Disclaimer: Major Players sorted in no particular order
