Indonesia Plastics Market on the Rise: Projected Growth at 6.5% CAGR Leading Up to 2030

Business Nov 18, 2024 18 Add to Reading List

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A Quick Overview of Indonesia Plastics Market

The key object of this report on the Indonesia Plastics Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.

MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.

According to the latest report, the Indonesia Plastics Market size is estimated to grow at a CAGR of around 6.5% from 2024 to 2030. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data.

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Market Dynamics:

Driver-

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.

Indonesia Plastics Market Report Segmentation:

The report by MarkNtel Advisors on Indonesia Plastics Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:

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. The process involves melting a thermoplastic polymer and injecting it into molds, producing various products from household items to packaging materials. Injection molding has expanded in Indonesia due to the high demand for strong yet lightweight goods. This method's rise is significant in pharmaceutical manufacturing as well. With USD 4.4 billion worth of imports in the past few years, injection molding has seen substantial growth potential within the sector.

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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Some of the Top Indonesia Plastics Companies in the Market

In the fast-changing Indonesia Plastics Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top players of the industry ruling the industry are:

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)
Pt. Trias Toyobo Astria (TTA)
Others (Solvay Chemicals Indonesia, Toray International Indonesia, etc.)

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