Indonesia Folding Carton Packaging Market Size (2024 - 2029)

Indonesia Folding Carton Packaging Market Analysis

The Indonesia Folding Carton Packaging Market size is estimated at USD 5.08 billion in 2024, and is expected to reach USD 6.63 billion by 2029, growing at a CAGR of 5.47% during the forecast period (2024-2029).

• The Indonesian folding carton market is a dynamic landscape shaped by a confluence of factors spanning economic, social, and industrial domains. As per a news published in Paper Desk in November 2023, Indonesia’s pulp and paper industry (IPPI) comprises 112 industries with a total capacity of 11.45 million tons of pulp and 20.65 million tons of paper. The industry plays a significant role in the country’s economy. At its core, the market's growth is tied to Indonesia's expanding economy. As the nation continues to develop, fueled by urbanization and industrialization, the demand for packaged goods escalates, propelling the need for folding cartons across various sectors.
• Shifting consumer preferences play a pivotal role in steering the trajectory of the folding carton market. As Indonesian consumers become increasingly discerning and health-conscious, there is a growing inclination toward packaged goods that offer convenience, safety, and sustainability. This preference amplifies the demand for folding cartons, which are not only versatile but also environmentally friendly.
• The burgeoning retail landscape in Indonesia catalyzes the rising demand for folding cartons. As per a news published by FitchRatings in September 2023, Indonesia’s Retail Business Association, or Aprindo, said retail sales rose by 3.2% in 1H23. With the proliferation of supermarkets, hypermarkets, and convenience stores across urban and rural areas, there is a surge in the requirement for aesthetically appealing and functional packaging solutions. Folding cartons, with their versatility in design, durability, and cost-effcetiveness, emerge as the packaging solution of choice for businesses striving to captivate consumers in an increasingly competitive market.
• The pharmaceutical and cosmetics industries contribute significantly to the demand for folding cartons in Indonesia. The growing population of Indonesia and increasing access to healthcare and beauty products are leading to an escalating need for secure and visually appealing packaging to ensure product safety and brand recognition.
• Prices of raw materials used for folding cartons packaging are volatile. Thus, manufacturers have to adjust the end price or reduce operational costs to maximize the profit. Most raw materials, such as chemicals, are derived from crude oil (primarily utilized during the manufacturing process).

Indonesia Folding Carton Packaging Industry Segmentation

The folding carton packaging is one of the most used eco-friendly packaging solutions as they can be produced in varying sizes and have a small footprint, making it feasible for applications in various end-user industries. The growth of the Indonesian packaging industry is driven by the country's expanding population and high demand for low-cost, flexible packaging. The industries where folding cartons are mostly used include the personal care, healthcare, household, and food industries.

The report covers folding carton manufacturers in indonesia and is segmented by end-user industry (food and beverages, healthcare, household and personal care, and industrial, other end user industries). Market sizes and forecasts are provided in terms of value (USD) for all the above-mentioned segments.