Market Share of Indonesia Folding Carton Packaging Industry
The Indonesian folding carton packaging market is fragmented with the presence of international and local vendors. To garner market share and compete in the market ladscape, companies are adopting diverse strategies, such as mergers and acquisitions. For example, the vendor, AR Packaging, entered the market by acquiring the domestic company, PT Maju Jaya Sarana Grafika. Key market players are Industri Pembungkus Internasional Pt, PT. Fajar Surya Wisesa Tbk, and Pt. Metaform (Kompas Gramedia).
• August 2023: Leading sustainable fiber and product producer, Asia Pacific Resources International Limited, strengthened its commitment to supporting Indonesia's green economy's growth. The company announced the expansion of its product portfolio in the downstream sector by investing IDR 33.4 trillion (USD 20.57 billion) in a sustainable paperboard production facility.
• January 2024: The Indonesian government revised its food packaging regulations over the presence of dangerous chemicals entering the food supply chain. The scope of the regulation covers both new and recycled materials, including plastics, inks and dyes, paper and paperboard, resins and polymer coatings, metals, ceramics, and glass.
Indonesia Folding Carton Packaging Market Leaders
PT Industri Pembungkus Internasional
FajarPaper
Metaform
Rengo Group
Graphic Packaging
*Disclaimer: Major Players sorted in no particular order
