Indonesia Folding Carton Packaging Market Size (2024 - 2029)

The Indonesia Folding Carton Packaging Market is experiencing growth driven by various economic, social, and industrial factors. The expanding economy, fueled by urbanization and industrialization, is increasing the demand for packaged goods, thereby boosting the need for folding cartons. Consumer preferences are shifting towards convenient, safe, and sustainable packaging, further enhancing the demand. The retail sector's expansion, alongside the pharmaceutical and cosmetics industries' needs for secure and appealing packaging, contributes significantly to the market's growth. However, the volatility in raw material prices poses challenges for manufacturers, impacting pricing and operational costs.

Market Size of Indonesia Folding Carton Packaging Industry

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Indonesia Folding Carton Packaging Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 5.08 Billion
Market Size (2029) USD 6.63 Billion
CAGR (2024 - 2029) 5.47 %
Market Concentration Low

Major Players

Indonesia Folding Carton Packaging Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Indonesia Folding Carton Packaging Market Analysis

The Indonesia Folding Carton Packaging Market size is estimated at USD 5.08 billion in 2024, and is expected to reach USD 6.63 billion by 2029, growing at a CAGR of 5.47% during the forecast period (2024-2029).

  • The Indonesian folding carton market is a dynamic landscape shaped by a confluence of factors spanning economic, social, and industrial domains. As per a news published in Paper Desk in November 2023, Indonesia’s pulp and paper industry (IPPI) comprises 112 industries with a total capacity of 11.45 million tons of pulp and 20.65 million tons of paper. The industry plays a significant role in the country’s economy. At its core, the market's growth is tied to Indonesia's expanding economy. As the nation continues to develop, fueled by urbanization and industrialization, the demand for packaged goods escalates, propelling the need for folding cartons across various sectors.
  • Shifting consumer preferences play a pivotal role in steering the trajectory of the folding carton market. As Indonesian consumers become increasingly discerning and health-conscious, there is a growing inclination toward packaged goods that offer convenience, safety, and sustainability. This preference amplifies the demand for folding cartons, which are not only versatile but also environmentally friendly.
  • The burgeoning retail landscape in Indonesia catalyzes the rising demand for folding cartons. As per a news published by FitchRatings in September 2023, Indonesia’s Retail Business Association, or Aprindo, said retail sales rose by 3.2% in 1H23. With the proliferation of supermarkets, hypermarkets, and convenience stores across urban and rural areas, there is a surge in the requirement for aesthetically appealing and functional packaging solutions. Folding cartons, with their versatility in design, durability, and cost-effcetiveness, emerge as the packaging solution of choice for businesses striving to captivate consumers in an increasingly competitive market.
  • The pharmaceutical and cosmetics industries contribute significantly to the demand for folding cartons in Indonesia. The growing population of Indonesia and increasing access to healthcare and beauty products are leading to an escalating need for secure and visually appealing packaging to ensure product safety and brand recognition.
  • Prices of raw materials used for folding cartons packaging are volatile. Thus, manufacturers have to adjust the end price or reduce operational costs to maximize the profit. Most raw materials, such as chemicals, are derived from crude oil (primarily utilized during the manufacturing process).

Indonesia Folding Carton Packaging Industry Segmentation

The folding carton packaging is one of the most used eco-friendly packaging solutions as they can be produced in varying sizes and have a small footprint, making it feasible for applications in various end-user industries. The growth of the Indonesian packaging industry is driven by the country's expanding population and high demand for low-cost, flexible packaging. The industries where folding cartons are mostly used include the personal care, healthcare, household, and food industries.

The report covers folding carton manufacturers in indonesia and is segmented by end-user industry (food and beverages, healthcare, household and personal care, and industrial, other end user industries). Market sizes and forecasts are provided in terms of value (USD) for all the above-mentioned segments.

By End-User Industry
Food and Beverages
Healthcare
Household and Personal Care
Industrial
Other End-user Industries
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Indonesia Folding Carton Packaging Market Size Summary

The Indonesian folding carton packaging market is experiencing robust growth, driven by a combination of economic expansion, urbanization, and industrialization. As the country's economy continues to develop, the demand for packaged goods is on the rise, which in turn fuels the need for folding cartons across various sectors. This market is further influenced by shifting consumer preferences towards convenience, safety, and sustainability, making folding cartons an attractive packaging solution. The burgeoning retail landscape, characterized by the proliferation of supermarkets and convenience stores, also contributes to the increasing demand for aesthetically appealing and functional packaging solutions. Additionally, the pharmaceutical and cosmetics industries play a significant role in driving the market, as the growing population and increased access to healthcare and beauty products necessitate secure and visually appealing packaging.

The market is characterized by its fragmentation, with both international and local vendors competing for market share. Companies are adopting diverse strategies, such as mergers and acquisitions, to strengthen their presence. The Indonesian government's initiatives to improve packaging standards and the ongoing investments in sustainable production facilities further underscore the market's dynamic nature. The foodservice sector, particularly quick service restaurants, relies heavily on folding cartons for takeaway and delivery orders, reflecting the rise in on-the-go consumption habits. As consumer awareness regarding health and nutrition grows, the demand for dairy products and other goods packaged in environmentally friendly containers is increasing, highlighting the versatility and importance of folding cartons in Indonesia's packaging industry.

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Indonesia Folding Carton Packaging Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Force Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Buyers/Consumers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Threat of Substitute Products

      5. 1.2.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By End-User Industry

      1. 2.1.1 Food and Beverages

      2. 2.1.2 Healthcare

      3. 2.1.3 Household and Personal Care

      4. 2.1.4 Industrial

      5. 2.1.5 Other End-user Industries

Indonesia Folding Carton Packaging Market Size FAQs

The Indonesia Folding Carton Packaging Market size is expected to reach USD 5.08 billion in 2024 and grow at a CAGR of 5.47% to reach USD 6.63 billion by 2029.

In 2024, the Indonesia Folding Carton Packaging Market size is expected to reach USD 5.08 billion.

Indonesia Folding Carton Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)