Indonesia Plastics Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented by Type (Traditional Plastics, Engineering Plastics, and Bioplastics), Technology (Blow Molding, Extrusion, Injection Molding, and Other Technologies), Application (Packaging, Electrical and Electronics, Building and Construction, Automotive and Transportation, Housewares, Furniture and Bedding, and Other Applications)

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

CAGR:

6 %

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Market Overview

The market for Indonesia plastics is expected to grow at a CAGR of over 6% globally during the forecast period. Growing demand from the end-user industries such as packaging, electrical & electronics, as well as construction industry are driving the market growth.

  • Over-reliance on the Imports of Raw Materials are expected to hinder the growth of the market.
  • Innovative applications such as eco-friendly products are expected to offer various opportunities for the growth of market.

Scope of the report

The Indonesia Plastics Market report includes:

Type
Traditional Plastics
Engineering Plastics
Bioplastics
Technology
Blow Molding
Extrusion
Injection Molding
Other Technologies
Application
Packaging
Electrical and Electronics
Building and Construction
Automotive and Transportation
Housewares
Furniture and Bedding
Other Applications

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Key Market Trends

Injection Molding Technology to Dominate the Market

  • Injection molding is mostly done using virgin or high-quality processing resins. High-performance plastic pallets are usually injection molded. Injection molding is a relatively capital-consuming process, but offers the advantage of high-speed processes.
  • Therefore, injection molding is found to be beneficial in the bulk production of plastic pallets. Injection molding processes are used in wire spools, packaging, bottle caps, automotive dashboards, pocket combs, etc.
  • The explosive growth of local automotive, packaging, and chemical processing industries, across the world, is expected to provide a favorable market for injection molding.
  • Owing to the advantageous geographical location of Myanmar, with easy access to the rapidly growing Asia-Pacific end users, the consumption of injection molded plastic pallets is expected to increase drastically.
  • However, South-East Asia (SEA) is also becoming increasingly competitive in the field of injection molding. Many Japanese companies has moved their production of automotive plastic parts from China to Vietnam where technologies such as injection molding is used at the highest level.
  • Owing to the increasing demand from various end-user industries, the market for injection molding is projected to increase over the forecast period.

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Increasing Demand from the Packaging Industry

  • Packaging accounts for the largest application segment in the Indonesian market. The prime reasons for the growing application of engineering plastics, in the packaging segment, are better wear and chemical resistance, ease of molding, recyclability, puncture resistance, and high mechanical strength.
  • Some of the major applications of engineering plastics, in the packaging segment, are as follows: packaging of bottled water, flexible packaging, such as sausage skin, flexible foils, such as shopping bag.
  • Polyethylene terephthalate (PET) is one of the plastics majorly used for packaging purposes in Indonesia, mostly in the food and beverage industry. Portability, design flexibility, ease of cleaning, light weight, and protection against moisture, are a few properties of PET, which makes it suitable for packaging purposes. In addition, low handling hazards, low toxicity, and absence of bisphenol A (BPA) and heavy metals are some of the other factors that allow PET to be used for food packaging.
  • PETs are used for making clamshells, bakery and take-out containers, microwaveable food trays, carbonated soft drink bottles, and other packages. Other applications include packaging materials for cooking oils, shampoo, hand wash, and more products.
  • Polyamide is another major engineering plastic that finds major application in the packaging sector. Bi-axially oriented and non-oriented polyamide films are used in medical and food packaging, owing to the former’s high impact strength and good heat resistance.
  • Increasing household and commercial applications for containers, plastic bags, canisters, and tableware, among others, are expected to drive the consumption demand for plastics in the packaging sector, during the forecast period.
  • The usage of plastics for packaging products is expected to experience a fairly steady demand, during the forecast period. Requirements for rubber gloves in the healthcare sector, stretch films, garbage bags, and other medical devices, are anticipated to witness greater demand, in the coming years.

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Competitive Landscape

The Indonesia plastics market is consolidated with the top five players accounting for major share of the market. The prominent players in the market include Pertamina, PT Chandra Asri Petrochemical Tbk, PT Lotte Chemical Titan Tbk, Toray Industries, Inc., Lyondell Basell Industries Holdings BV, PT Polychem Indonesia Tbk, AGC Chemicals, and PTT Global Chemical Public Company Limited, among others.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Demand from the End-user Industries

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Over-reliance on the Imports of Raw Materials

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

    5. 4.5 Raw Material Analysis

    6. 4.6 Price Analysis

    7. 4.7 Imports and Exports

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Traditional Plastics

      2. 5.1.2 Engineering Plastics

      3. 5.1.3 Bioplastics

    2. 5.2 Technology

      1. 5.2.1 Blow Molding

      2. 5.2.2 Extrusion

      3. 5.2.3 Injection Molding

      4. 5.2.4 Other Technologies

    3. 5.3 Application

      1. 5.3.1 Packaging

      2. 5.3.2 Electrical and Electronics

      3. 5.3.3 Building and Construction

      4. 5.3.4 Automotive and Transportation

      5. 5.3.5 Housewares

      6. 5.3.6 Furniture and Bedding

      7. 5.3.7 Other Applications

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 AGC Chemicals

      2. 6.4.2 BASF SE

      3. 6.4.3 Banshu Plastic

      4. 6.4.4 Lotte Chemical Titan Holding

      5. 6.4.5 PT. Indonesia Nan Ya Indah Plastic Corporation

      6. 6.4.6 PT Pertamina

      7. 6.4.7 PT Polychem Indonesia Tbk

      8. 6.4.8 Premier Global Partners

      9. 6.4.9 PT Chandra Asri Petrochemical Tbk (TPIA)

      10. 6.4.10 LyondellBasell Industries Holdings B.V.

      11. 6.4.11 PT Standard Toyo Polymer (Tosoh Corporation)

      12. 6.4.12 PT Sulfindo Adiusaha

      13. 6.4.13 PTT Global Chemical Public Company Limited

      14. 6.4.14 P.T. Solvay Chemicals Indonesia

      15. 6.4.15 Toray Industries, Inc.

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Eco-friendly Products

    2. 7.2 Other Opportunities

** Subject to Availability

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