Market Size of Indonesia Rigid Plastic Packaging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.74 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Indonesia Rigid Plastic Packaging Market Analysis
The Indonesian rigid plastic packaging market will register a CAGR of 4.74% over the forecast period. The Indonesian packaging business now operates differently as a result of plastic packaging. Although Indonesia's downstream rigid plastic sector is highly developed, its reliance on imported raw materials has limited its growth potential.
- Plastic packaging is more popular with consumers than other products because plastic materials are lightweight and easy to handle. Even large manufacturers prefer plastic packaging solutions due to their low production costs. In addition, the emergence of polymers such as polyethylene terephthalate (PET) and high-density polyethylene (HDPE) expanded the applications of PET bottles. The market, demand for PET bottles is increasing in various markets.
- In Indonesia, the demand for rigid plastic packaging is still on the rise as major environmental issues are brought up. Solutions for rigid plastic packaging are used in a variety of sectors, including industrial, retail, and healthcare. Due to its excellent barrier qualities, lengthy shelf life, and durability, plastic packaging has seen substantial growth in the healthcare sector.
- Various manufacturers prefer rigid plastic packaging in the country as it is a cost-effective solution to protect food and beverages during delivery from farm to table and preserve food over longer durations. These packages also support innovations through different forms and shapes and are lighter in weight.
- However, changing regulatory standards, fluctuating raw material costs, increasing waste volumes, and rising environmental waste regulations have expected to hinder the market growth during the forecast period. This will enable companies operating in this market segment to develop new products that are potentially disruptive and reduce the current risks in the market.
- The outbreak of COVID-19 led to lockdowns and closures of businesses and supplies of raw materials across the country. But the demand for medicines and other essential items were at an all-time high. The shortage of packaging materials available to pack them and their subsequent shipment caused significant disruption to the supply chain for COVID-19 patients. These included several anesthetics, antibiotics, muscle relaxants, and off-label drugs. This led to the supply of plastic bottles to pharmaceutical companies.
Indonesia Rigid Plastic Packaging Industry Segmentation
Rigid plastic packaging is a packaging technique deployed in Indonesia that involves the usage of plastic material. Rigid plastic material can be defined as material that exhibits no elastic deformation and perfect plastic deformation. It comprises cups, bottles, closures, pots, and cans. The benefits offered by rigid plastic packaging are durability, cost efficiency, longevity, absorption of flavors, and lightweight. It has a range of applications in different industries, such as food & beverages, healthcare, and personal care, among others.
The Indonesian Rigid Plastic Packaging Market is segmented by Material Type (Polypropylene, Polyethylene Terephthalate, Polyethylene, Polystyrene, and Expanded Polystyrene), Product Type (Bottles & Jars, Trays & Containers, Caps & Closures), End-user Industry (Food, Beverage, Personal Care & Household Care, Pharmaceuticals & Healthcare), and Geography. The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.
| By Material Type | |
| Polypropylene (PP) | |
| Polyethylene Terephthalate (PET) | |
| Polyethylene (PE) | |
| Polystyrene (PS) and Expanded Polystyrene (EPS) | |
| Other Material Types |
| By Product Type | |
| Bottles & Jars | |
| Trays & Containers | |
| Caps & Closures | |
| Other Product Types |
| By End-user Industry | ||||||
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| Personal Care & Household Care | ||||||
| Pharmaceuticals & Healthcare | ||||||
| Other End-user Industries |
Indonesia Rigid Plastic Packaging Market Size Summary
The rigid plastic packaging market in Indonesia is experiencing steady growth, driven by the increasing demand for lightweight and cost-effective packaging solutions across various sectors such as food, beverages, and healthcare. The market's expansion is supported by the popularity of materials like polyethylene terephthalate (PET) and high-density polyethylene (HDPE), which offer superior barrier properties and durability. These materials are particularly favored in the healthcare sector for their ability to extend shelf life and maintain product integrity. Despite the market's potential, challenges such as reliance on imported raw materials, fluctuating costs, and environmental concerns pose obstacles to growth. The Indonesian government's efforts to align domestic packaging standards with international regulations, such as those from the US FDA and EU, aim to enhance the quality and safety of packaging products, although full compliance remains a challenge due to economic factors.
The market is characterized by intense competition among numerous players, with companies focusing on innovation and sustainability to gain a competitive edge. Developments such as Amcor's PowerPostTM technology and Mondi's Mono Formable PP tray highlight the industry's commitment to reducing weight and improving recyclability. The demand for PET bottles is particularly strong, as they replace heavier glass alternatives, offering economic and environmental benefits. The COVID-19 pandemic underscored the importance of rigid plastic packaging in maintaining supply chains for essential goods, further driving demand. As the market evolves, there is a growing emphasis on creating recyclable single-use packaging to address environmental concerns and meet regulatory requirements, presenting opportunities for growth and innovation in the Indonesian rigid plastic packaging sector.
Indonesia Rigid Plastic Packaging Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Threat of New Entrants
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1.2.2 Bargaining Power of Consumers
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1.2.3 Bargaining Power of Suppliers
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1.2.4 Threat of Substitute Products
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1.2.5 Intensity of Competitive Rivalry
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1.3 Industry Value Chain Analysis
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1.4 Assessment of Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Material Type
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2.1.1 Polypropylene (PP)
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2.1.2 Polyethylene Terephthalate (PET)
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2.1.3 Polyethylene (PE)
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2.1.4 Polystyrene (PS) and Expanded Polystyrene (EPS)
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2.1.5 Other Material Types
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2.2 By Product Type
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2.2.1 Bottles & Jars
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2.2.2 Trays & Containers
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2.2.3 Caps & Closures
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2.2.4 Other Product Types
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2.3 By End-user Industry
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2.3.1 Food
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2.3.1.1 Fresh Foods
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2.3.1.2 Baked Food
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2.3.1.3 Frozen Food
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2.3.1.4 Other Food Types
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2.3.2 Beverage
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2.3.2.1 Carbonated Soft Drinks (CSDs)
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2.3.2.2 Bottled Water
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2.3.2.3 Dairy Products
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2.3.2.4 Other Beverage Types
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2.3.3 Personal Care & Household Care
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2.3.4 Pharmaceuticals & Healthcare
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2.3.5 Other End-user Industries
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Indonesia Rigid Plastic Packaging Market Size FAQs
What is the current Indonesia Rigid Plastic Packaging Market size?
The Indonesia Rigid Plastic Packaging Market is projected to register a CAGR of 4.74% during the forecast period (2024-2029)
Who are the key players in Indonesia Rigid Plastic Packaging Market?
Dynaplast, PT. Berlina Tbk, PT Indo Tirta Abadi, PT. Solusi Prima Packaging and Indo Cap Closures are the major companies operating in the Indonesia Rigid Plastic Packaging Market.
