Market Size of Indonesia Plastics Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 7.04 Million tons |
| Market Volume (2029) | 8.88 Million tons |
| CAGR (2024 - 2029) | > 4.50 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Indonesia Plastics Market Analysis
The Indonesia Plastics Market size is estimated at 7.04 Million tons in 2024, and is expected to reach 8.88 Million tons by 2029, growing at a CAGR of greater than 4.5% during the forecast period (2024-2029).
The COVID-19 pandemic negatively impacted the country's production and supply of plastics during the lockdown. However, the demand from the packaging segment surged due to the increasing use of online food and retail e-commerce services during the pandemic. After 2020, the market improved steadily due to continuous activities within the country.
- Over the medium term, growing demand from the end-user industries, such as packaging, electrical, and electronics, as well as the construction industry, along with the rapid increase in the downstream processing capacity additions, is expected to drive the growth of the market studied.
- However, government regulations on the use of plastics and over-reliance on the imports of raw materials are the primary factors hindering the growth of the market studied.
- Nevertheless, the rising demand for eco-friendly products is expected to offer various opportunities for the growth of the market studied.
