Indonesia Plastics Market Growth Dynamics: Size, Share, and Trend Analysis Report

MarkNtel Advisors analyses the growth rate of the Indonesia Plastics market in the forecast period from 2024 to 2030. In addition to comprehensive market insights such as market value, growth rate, market segmentation, key market players, and market dynamic. This detailed analysis aims to provide valuable information for stakeholders in the Indonesia Plastics market, helping them make informed decisions.

Market Outlook – 2024-2030:

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.

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Key Company Profiles

This report explores recent significant developments in the Indonesia Plastics Market, focusing on the leading companies and their innovative profiles. The major players in the Indonesia Plastics Market, featured in this report, include:

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.)

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Market Segmentation & Coverage

This research report by MarkNtel Advisors categorizes the Indonesia Plastics Market to forecast revenues and analyse trends across each of the following sub-markets:

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)

Injection molding technology leads the Indonesian plastics market in terms of market share and value, exemplifying its dominance across various sectors.

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

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What are the primary factors driving the growth of the Indonesia Plastics market?

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.

Key Questions Addressed:

Market Size and Growth Projections: What is the current size of the market, and how is it expected to grow?
Investment Opportunities: Which products, segments, and regions present the most attractive investment opportunities?
Technology Trends and Regulatory Influences: What are the prevailing technology trends and regulatory factors influencing the market?
Competitive Ranking: How do top vendors rank regarding market share and competitive positioning?
Revenue Sources and Strategic Opportunities: What revenue sources and strategic opportunities guide vendors’ market entry or exit decisions?

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