Unveiling the Future: Indonesia Plastics Market Forecast by 2030, Featuring a CAGR of 6.5% - MarkNtel Advisors

How big is the Indonesia Plastics market?

According to MarkNtel Advisors study, The Indonesia Plastics Market size is estimated to grow at a CAGR of around 6.5% during the forecast period, i.e., 2024-30.

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Indonesia Plastics Market Trend:

Rising Demand for Eco-Friendly Recycled Plastics Gaining Traction – The Indonesian plastics industry is witnessing a notable shift driven by the increasing demand for eco-friendly plastics, marking a significant trend in consumer behavior. This shift is primarily fueled by growing environmental awareness and concerns about plastic pollution. Consumers are increasingly opting for sustainable alternatives, such as biodegradable plastics and products made from recycled materials. As a result, manufacturers and suppliers are adapting their strategies to cater to this rising demand for eco-friendly options, investing in research and development to innovate sustainable packaging solutions, and exploring renewable resources. This trend not only reflects a growing consciousness towards environmental sustainability but also presents opportunities for businesses to align with evolving consumer preferences and contribute to the reduction of plastic waste in Indonesia's ecosystem. For instance,

• In 2023, Solinatra and ATMI IGI collaboratively launched a Center of Excellence in Surakarta, Indonesia, to perform R&D activities on transitioning from plastics to natural, eco-friendly biodegradable bioplastics. This partnership promotes Indonesia’s bioplastic shift.

In recent years, the alliance between Siegwerk and Project STOP has emerged as a noteworthy market trend to combat plastic pollution, with Indonesia being the foremost focus. Being a key player in the global packaging sector, Siegwerk's partnership emphasizes its unwavering commitment to sustainable waste management systems. By joining hands with Project STOP, the trailblazing project jointly founded by Borealis and SYSTEMIQ, Siegwerk proactively addresses ecological concerns while promoting the adoption of circular packaging practices. This dynamic cooperation signifies an industry-wide impetus toward devising efficacious measures against plastic leakage while moving closer to achieving the goals of creating a closed-loop economy model. Thus, the commitment of market players to meet the rising demand for eco-friendly recycled plastics is anticipated to augment the size & volume of the Indonesia Plastics Market in the coming years.

Leading Companies in the Indonesia Plastics market:

• 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

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Indonesia Plastics Market Segmentation:

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)

 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)

Regional/ Countries Insight:

• Java
• Sumatra
• Kalimantan
• Sulawesi
• Others

Note: Should you require specific information beyond the current scope of the report, we are prepared to furnish it as part of our customization services.

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Gain a Competitive Edge with Market Research Report

1. The Indonesia Plastics Market Report by MarkNtel Advisors offers a detailed analysis of the market size, growth rate, competitive landscape, and key players, allowing businesses to gain a comprehensive understanding of market dynamics.
2. Businesses can utilize the report to identify emerging opportunities and potential challenges in the market by highlighting current trends and providing future projections.
3. The insights provided in the report enable companies to align their strategies based on market forecasts, ensuring they can stay ahead of the competition and make informed decisions.
4. Apart from market trends and projections, the Indonesia Plastics Market Report assists in assessing and mitigating risks associated with entering or operating in the market
5. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategic approaches to minimize risks and optimize their operations, enhancing their competitive edge in the market.

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