Indonesia Plastic Caps and Closures Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.75 Billion |
| Market Size (2029) | USD 2.27 Billion |
| CAGR (2024 - 2029) | 5.34 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Indonesia Plastic Caps and Closures Market Analysis
The Indonesia Plastic Caps And Closures Market size is estimated at USD 1.75 billion in 2024, and is expected to reach USD 2.27 billion by 2029, growing at a CAGR of 5.34% during the forecast period (2024-2029). In terms of shipment volume, the market is expected to grow from 10.81 billion units in 2024 to 13.41 billion units by 2029, at a CAGR of 4.40% during the forecast period (2024-2029).
- In 2023, Indonesia's population hit around 279 million, solidifying its position as the world's fourth-most populous nation. Statistics Indonesia (BPS) reported that Indonesia's economy witnessed a 5.1% growth in 2023. This growth was primarily fueled by strong domestic demand in the country, which further propelled the food and beverage industry.
- The surge in Indonesia's food processing industry can be attributed to a burgeoning tourism sector, a sizable population, and a consistently expanding food retail industry. Indonesian consumers increasingly turn to processed and packaged foods, ranging from frozen desserts to chips and snacks, alongside processed fruits and vegetables. This shift is particularly evident as more urban women enter the workforce, leaving them with less time for meal preparation, thereby bolstering the country's food market.
- The demand for non-alcoholic beverages in Indonesia is on the upswing, propelled by shifting consumer tastes, a burgeoning middle class, and rapid urbanization. This surge in demand is fueling the need for plastic packaging, specifically caps, closures, and lids. Data from the Indonesian Soft Drink Industry Association revealed that the beverage sector experienced a 3.1% growth from 2022 to 2023, with packaged drinking water (AMDK) leading the charge.
- The market is witnessing a surge in demand for innovative threaded caps across various industries, from food and beverages to household, industrial, and personal care. This heightened demand is primarily fueled by manufacturers such as Pact Group Holding Limited, who offer a range of threaded and dispensing caps in various sizes tailored to cater to diverse bottle-neck requirements, especially in Indonesia.
- The industry faces a pressing challenge: the mounting volume of plastic packaging waste, encompassing caps, closures, and lids. This waste threatens wildlife, which can ingest these non-biodegradable materials and contribute to landfill accumulation, impeding market growth. In response, manufacturers increasingly pursue sustainable and durable metal caps and closures.
Indonesia Plastic Caps and Closures Market Trends
Threaded Caps Segment Estimated to Have the Significant Market Share
- Threaded caps ensure an airtight seal, preventing leaks and safeguarding against external contaminants. This feature is crucial for storing and transporting volatile, corrosive, or hazardous substances. Their design enables easy opening and closing, streamlining filling and emptying processes while maintaining product integrity, propelling the popularity of threaded caps across various industries in the country.
- Indonesia's growing demand for innovative and sustainable dispensing solutions for food and beverage, cosmetics, and personal care products propels the demand for threaded caps. Companies such as Aptar Group Inc. and Pact Group Holdings Limited provide lightweight, functional, and innovative tethered caps and closures for dairy, food, beverage, personal care, and healthcare markets.
- Indonesian manufacturers, such as Tetra Pak, prioritize innovative and user-friendly closure solutions tailored to the food and beverage sector. Tetra Pak's standout product, the C38 Pro resealable tethered cap, boasts a tamper band for enhanced food protection. Available in a spectrum of colors, this feature seamlessly integrates into diverse packaging designs, bolstering product appeal.
- The surge in plastic and plastic product trade within Indonesia directly impacts the demand for plastic caps and closures. Recent data from BPS Statistics Indonesia reveals a notable uptick: the nation's plastic imports surged from USD 646 billion in the previous month to USD 888.27 billion in May 2024. Concurrently, Indonesia's plastic exports also witnessed a healthy rise, rising from USD 202.63 billion to USD 250.80 billion during the same period.
Beverage Segment Expected to Dominate the Market
- The rising consumption of beverages in Indonesia is attributable to the rising food and beverage processing industry. With the swift proliferation of convenience stores that predominantly carry locally sourced products, Indonesia's distribution of beverages has significantly broadened. This propels the country's sales of non-alcoholic beverages such as bottled water, juices, energy drinks, and soft drinks.
- Rising international tourist arrivals in Indonesia and increasing tourist spending on food and beverage propel the industry's growth. According to data by the World Travel and Tourism Council (WTTC), Indonesia's tourism sector contribution to the economy they marked a significant 12.3% surge from the preceding year and a 7.7% uptick from its peak in 2019.
- The trend in Indonesia toward healthier, affordable soft drinks is driving up demand for no-calorie, zero-sugar energy drinks and ready-to-drink beverages. In April 2024, Coca-Cola unveiled its limited-edition Coca-Cola K-Wave Zero Sugar, featuring a K-pop theme in Singapore, Indonesia, Vietnam, Thailand, and the Philippines, targeting the region's youthful demographic.
- Indonesia's increasing exports of non-alcoholic beverages and spirits are pivotal in the country's economic growth. This surge in the beverage sector is also fueling the need for plastic caps and closures. Recent data from BPS Statistics Indonesia highlighted a notable jump in export values, from USD 13.51 billion in April 2024 to USD 20.63 billion in May 2024.
Indonesia Plastic Caps and Closures Industry Overview
The Indonesian market for plastic caps and closures exhibits a moderate level of consolidation. Key domestic players, like PT Hasil Raya Industries and PT Indo Tirta Abadi, stand alongside international giants such as Aptar Group Inc., Pact Group Holdings Limited, and Weener Plastics Group BV. These firms bolster their market presence through new product launches, strategic partnerships, and mergers and acquisitions.
- In April 2024, Aptar Group Inc., a US-based company with operations in Indonesia, unveiled the Future Disc Top. This sustainable closure, tailored for the beauty and personal care sector, features a secure locking ring, guaranteeing leak-proof and damage-free transportation for E-commerce orders. By incorporating this design, Aptar aims to reduce product returns and eliminate the need for supplementary protective materials such as bubble wrap or shrink sleeves.
Indonesia Plastic Caps and Closures Market Leaders
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Pact Group Holdings Limited
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Aptar Group Inc.
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PT Indo Tirta Abadi
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Weener Plastics Group B.V
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PT Hasil Raya Industries
*Disclaimer: Major Players sorted in no particular order
Indonesia Plastic Caps and Closures Market News
- April 2024: Amcor Group GmbH, an Australian company operating in Indonesia, exhibited its packaging solutions at the International Cheese & Dairy Expo.
- April 2023: Tetra Pak, a European company operating in Indonesia, partnered with the Walt Disney Company to bring Disney and Marvel Charm into prevalent milk drink segments. The company revamped its dairy offerings in Switzerland, introducing beverage cartons featuring Disney and Marvel-inspired characters across its range, from fresh white milk to flavored varieties and protein drinks.
Indonesia Plastic Caps and Closures Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
- 4.1 Market Overview
- 4.2 Industry Value Chain Analysis
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4.3 Industry Attractiveness - Porter's Five Forces Analysis
- 4.3.1 Bargaining Power of Suppliers
- 4.3.2 Bargaining Power of Buyers
- 4.3.3 Threat of New Entrants
- 4.3.4 Threat of Substitutes products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET DYNAMICS
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5.1 Market Drivers
- 5.1.1 Rising Food and Beverage Sector in Indonesia
- 5.1.2 The Growing Demand of Threaded Caps in Various End-Use Industries
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5.2 Market Challenge
- 5.2.1 Rising Environmental Concerns Regarding Plastic Waste
6. INDUSTRY REGULATION, POLICY AND STANDARDS
7. MARKET SEGMENTATION
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7.1 By Resin
- 7.1.1 Polyethylene (PE)
- 7.1.2 Polyethylene Terephthalate (PET)
- 7.1.3 Polypropylene (PP)
- 7.1.4 Other Plastic Materials (Polystyrene, PVC, Polycarbonate, etc.)
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7.2 By Product Type
- 7.2.1 Threaded
- 7.2.2 Dispensing
- 7.2.3 Unthreaded
- 7.2.4 Child-resistant
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7.3 By End-use Industries
- 7.3.1 Food
- 7.3.2 Beverage
- 7.3.2.1 Bottled Water
- 7.3.2.2 Carbonated Soft Drinks
- 7.3.2.3 Alcoholic Beverages
- 7.3.2.4 Juices and Energy Drinks
- 7.3.2.5 Other Beverages
- 7.3.3 Personal Care and Cosmetics
- 7.3.4 Household Chemicals
- 7.3.5 Other End-use Industries
8. COMPETITIVE LANDSCAPE
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8.1 Company Profiles
- 8.1.1 Amcor Group GmbH
- 8.1.2 Albea Services SAS
- 8.1.3 Pact Group Holdings Limited
- 8.1.4 PT Solusi Prima Packaging
- 8.1.5 Aptar Group Inc.
- 8.1.6 PT Hasil Raya Industries
- 8.1.7 PT Hokkan Deltapack Industri
- 8.1.8 Tetra Laval International SA
- 8.1.9 PT Indo Tirta Abadi
- 8.1.10 Weener Plastics Group BV
- *List Not Exhaustive
9. RECYCLING & SUSTAINABILITY LANDSCAPE
10. FUTURE OUTLOOK
** Subject To AvailablityIndonesia Plastic Caps and Closures Industry Segmentation
The scope of the study characterizes the plastic caps and closures market based on the raw material of the product, including PP, PE, PET, and other raw materials used across various end-user industries such as food, pharmaceuticals, beverages, cosmetics, and toiletries across the country. The research also examines underlying growth influencers and significant industry vendors that help to support market estimates and growth rates throughout the anticipated period. The market estimates and projections are based on the base year factors and arrived at top-down and bottom-up approaches.
The Indonesian plastic caps and closures market is segmented by resin (polyethylene (PE), polyethylene terephthalate (PET), polypropylene (PP) and other plastic materials (polystyrene, polyvinyl chloride (PVC), polycarbonate, etc.)), product type (threaded, dispensing, unthreaded, and child-resistant), end-use industries (food, beverage (bottled water, carbonated soft drinks, alcoholic beverages, juices and energy drinks and other beverages), personal care and cosmetics, household chemicals, and other end-use industries). The report offers the market size in value terms in USD for all the abovementioned segments.
| By Resin | Polyethylene (PE) | |
| Polyethylene Terephthalate (PET) | ||
| Polypropylene (PP) | ||
| Other Plastic Materials (Polystyrene, PVC, Polycarbonate, etc.) | ||
| By Product Type | Threaded | |
| Dispensing | ||
| Unthreaded | ||
| Child-resistant | ||
| By End-use Industries | Food | |
| Beverage | Bottled Water | |
| Carbonated Soft Drinks | ||
| Alcoholic Beverages | ||
| Juices and Energy Drinks | ||
| Other Beverages | ||
| Personal Care and Cosmetics | ||
| Household Chemicals | ||
| Other End-use Industries |
Indonesia Plastic Caps and Closures Market Research FAQs
How big is the Indonesia Plastic Caps And Closures Market?
The Indonesia Plastic Caps And Closures Market size is expected to reach USD 1.75 billion in 2024 and grow at a CAGR of 5.34% to reach USD 2.27 billion by 2029.
What is the current Indonesia Plastic Caps And Closures Market size?
In 2024, the Indonesia Plastic Caps And Closures Market size is expected to reach USD 1.75 billion.
Who are the key players in Indonesia Plastic Caps And Closures Market?
Pact Group Holdings Limited, Aptar Group Inc., PT Indo Tirta Abadi, Weener Plastics Group B.V and PT Hasil Raya Industries are the major companies operating in the Indonesia Plastic Caps And Closures Market.
What years does this Indonesia Plastic Caps And Closures Market cover, and what was the market size in 2023?
In 2023, the Indonesia Plastic Caps And Closures Market size was estimated at USD 1.66 billion. The report covers the Indonesia Plastic Caps And Closures Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Indonesia Plastic Caps And Closures Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Indonesia Plastic Caps and Closures Industry Report
Statistics for the 2024 Indonesia Plastic Caps And Closures market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Indonesia Plastic Caps And Closures analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
