Indonesia Flexible Packaging Market Demand, Size, Trends, Value, Volume and Market Forecast 2023-2030

Indonesia's Flexible Packaging Market is segmented By Packaging Form (Pouches, Retort Pouches), By Application (Plastics, Paper, Aluminum Foils, Multi-Layer), By Usage (Food, Beverage, Health Care, Personal and Beauty care, others), and by Region (East Jakarta, Surabaya, Medan, Bekasi, Bandung, Others) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

Indonesia's Flexible Packaging Market Overview

[150 Pages Report] Indonesia Flexible Packaging Market is estimated to reach a high CAGR of 4.9% in the forecasted period 2023-2030. Indonesia has a developed industry for both flexible and rigid packaging markets and is highly reliant on the importation of raw materials. The flexible Packaging market in Indonesia has a dominating share within the Association of Southeast Asian Nations (ASEAN) market and is expected to lead the region in the coming years. Indonesia used around 90.01 billion units of total packaging products in 2014 and is estimated to reach 118.23 billion units by 2018. In 2016, the Indonesian flexible packaging market has accounted for a market share of 42% of the overall packaging market.

Indonesia Flexible Packaging Market Summary and Scope

Indonesia Flexible Packaging Market Dynamics and Trends

Drivers

• Flexible packaging products have the advantage to produce in various shapes and sizes at low cost.

• The convenience of flexible packaging is one of the primary factors driving the growth of the market

• Growing demand for flexible packaging

Restraints

• The flexible packaging market is impacted by the low rate of recyclability at the global level with most of the plastic waste mainly comprised of low-value flexible packaging making it difficult the recycling plastic packaging, thus restraining the growth of the market.

Indonesia Flexible Packaging Market Segmentation Analysis

By Packaging Form

• The flexible packaging market is segmented by different packaging forms namely, pouches, bags, roll stocks, blister, and strip packs. Bag-type flexible packaging accounted for the most significant market share of 42% in the overall flexible packaging market, followed by pouch type with a YY% market share.

• Blister and strip pack flexible packaging accounted for the smallest share of 1% in the overall flexible packaging market in Indonesia. In Pouches, stand-up pouch flexible packaging account for the most significant market share in the country. Increasing advancements in pouch design such as stand-up pouches with spout, seal, and barrier properties, printing, and sustainability will lead to increased growth in the flexible packaging market.

By Raw Material

• Flexible packaging has various quality grades regarding material quality. With raw materials, the market is segmented into plastic, paper, aluminum, and multilayer.

• The flexible plastic packaging segment is accounted for the most significant share of the overall flexible packaging market in Indonesia. With rising raw material prices such as plastic and aluminum, industry players are turning toward lower-quality flexible packaging, which is thinner and less durable.

• Manufacturers are increasingly shifting from flexible aluminum/plastic to merely flexible plastic, due to the high prices of aluminum/plastic.

• Metalized flexible plastic is the cost-efficient alternative to adjustable aluminum/plastic, while still offering optimum protection for hot drinks and packaged food, in the form of sachets.

Indonesia Flexible Packaging Companies and Competitive Trends

• The Indonesian market is highly competitive market with Amcor, Dia Nippon Printing Indonesia PT, and Ciptakemas Abadi leading the market share.

• There are also large numbers of small companies in the market with less market share competing among them.

• International players are undergoing mergers and acquisitions to enter in Indonesia and expand their product offerings.

• New Product launches and acquisitions are some of the major key strategies of major companies in the industry