Indonesia Industrial Packaging Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 0.87 Billion |
| Market Size (2029) | USD 1.20 Billion |
| CAGR (2024 - 2029) | 6.65 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Indonesia Industrial Packaging Market Analysis
The Indonesia Industrial Packaging Market size is estimated at USD 0.87 billion in 2024, and is expected to reach USD 1.20 billion by 2029, growing at a CAGR of 6.65% during the forecast period (2024-2029).
Industrial packaging refers to robust, specialized, and tailored solutions safeguarding a customer's products during transit or storage. Typically, this packaging is employed for hazardous or sensitive items and bulky components that require careful handling.
• Industries such as food and beverage, chemicals and petrochemicals, pharmaceuticals, and others utilize various industrial packaging products, such as jerry cans and rigid plastic IBCs, drums and barrels, crates and pallets, and more. The country also witnesses investments from various players interested in establishing a business in Indonesia.
• The dynamics of the industrial packaging market are closely tied to trade activities. Heavy manufacturing sectors strongly demand products like drums and pails, while logistics and short-distance transportation heavily utilize materials handling containers and intermediate bulk containers (IBCs).
• Technological advancements and the growing demand for packaging in various industries propel the market's expansion. Indonesia's population growth is paralleled by an uptick in per capita packaging usage. This surge is further fueled by shifting consumer behaviors, notably a rise in convenience product consumption and a growing preference for plastic packaging materials.
• Shipping containers play a pivotal role in Indonesia's international trade, forming the backbone of the global logistics framework. Explicitly designed for transportation, these standardized containers guarantee that goods traverse the supply chain with efficiency, reliability, security, and cost-effectiveness.
• Plastic industrial packaging, made from various polymers, is under scrutiny. Growing awareness of the environmental consequences of plastics and unsustainable practices led to demand for products with positive ecological impacts. Despite this, many companies and entrepreneurs continue to saturate the market with polluting packaging materials. The repercussions of such unsafe packaging are vast, from plastics in waterways causing flooding to detrimental effects on human health.
Indonesia Industrial Packaging Market Trends
Jerry Cans Witness Major Growth
- Indonesia's manufacturing sector has been pivotal to the country's economic trajectory. As highlighted in a Bloomberg Media article, the Indonesian government is now channeling efforts to attract foreign direct investment (FDI) into resource development and downstream processing.
- According to Statistics Indonesia, foreign direct investment in trade reached USD 943.8 million in 2023. Indonesia is one of ASEAN's largest economies, presenting foreign investors with promising growth opportunities, especially for those eyeing long-term commitments. This strategy aims to enhance the country's manufacturing prowess, solidify its regional and global trade stature, and accelerate national growth.
- To realize these ambitions, Indonesia has set a target of USD 545 billion in FDI by 2040, focusing on 21 commodities across vital sectors. The FDI influx aims to accelerate the industrial packaging sector, further accelerating the growth of primary packaging products like jerrycans.
- The chemical industry is one of the primary sectors demanding jerry cans. In this sector, jerry cans store and transport hazardous chemicals, solvents, and cleaning agents. The HDPE material, mostly preferred among end-use industries, is resistant to corrosion and chemical reactions, making jerry cans ideal for handling dangerous substances.
- Beyond the chemical industry, the fuel industry also heavily relies on jerry cans. Given their capacity to withstand pressure and endure harsh environmental conditions, jerry cans are vital for transporting fuel to remote sites, including construction zones, mining operations, and agricultural fields.
Chemicals and Petrochemicals Industry to be the Largest End User
- Indonesia, one of Southeast Asia's largest economies, has experienced steady growth in its chemical industry over the past decade. The country's strategic location, abundant natural resources, and increasing domestic demand make it an attractive destination for chemical companies seeking to expand their operations.
- The chemical industry requires specialized packaging solutions that can safely handle and transport a wide range of chemicals, including hazardous materials. This includes containers like drums, IBCs (Intermediate Bulk Containers), and jerry cans that are resistant to chemicals and designed to prevent leaks and spills. As the chemical industry expands, the demand for such specialized packaging will rise, driving growth in the industrial packaging market.
- The diversity of the chemical industry in Indonesia, encompassing basic chemicals, specialty chemicals, and agrochemicals, necessitates a wide range of packaging solutions tailored to the specific properties of different chemicals. This includes packaging that can withstand corrosive materials, maintain the stability of volatile chemicals, and ensure the safe transport of hazardous substances. The need for such specialized packaging drives innovation and growth in the industrial packaging market.
- Industrial packaging is witnessing growth across various industries, such as chemicals. as According to Statistics Indonesia, the GDP from manufacturers of chemicals, petrochemicals, and botanicals has reached IDR 366.32 trillion (0.0236 USD Trillion) in 2023.
Indonesia Industrial Packaging Industry Overview
Indonesia's industrial packaging market is fragmented as major factors governing this force are sustainable competitive advantage through innovation, levels of market penetration, barriers to exit, the power of competitive strategy, and the firm concentration ratio. Some of the players include PTT Global Chemical Public Company Limited, PT Kadujaya Perkasa, PT Rheem Indonesia, PT Novo Complast Indonesia, and PT Prajamita Internusa.
• May 2024 - PT. SCHÜTZ Container Systems Indonesia inaugurated a new extrusion blow molding line at its Karawang facility. The company produces its PE bung barrel, the F1 220 liters, utilizing a sophisticated multi-layer process. This addition seamlessly integrates with Schütz's established IBC product lineup.
• April 2024 - International technology group ANDRITZ secured an order from PT. Pabrik Kertas Indonesia (PT. Pakerin) to revamp two existing OCC (old corrugated containers) lines at its Surabaya mill in Indonesia. This modernization aims to significantly enhance pulp quality, enabling the production of more competitive products. Therefore, industrial packaging recycling and technological innovations that include trace and tracking are poised to steer industrial packaging toward a more sustainable future.
Indonesia Industrial Packaging Market Leaders
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PTT Global Chemical Public Company Limited
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PT Kadujaya Perkasa
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PT Rheem Indonesia
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PT Novo Complast Indonesia
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PT Prajamita Internusa
*Disclaimer: Major Players sorted in no particular order
Indonesia Industrial Packaging Market News
- May 2024 - PT Mowilex Indonesia (Mowilex) launched its new Mowilex Recycled paint line, which reduces water consumption, energy usage, and the carbon footprint of each 2.5-litre paint container by up to 60%. The company incorporates up to 40% premium Mowilex paint in each Mowilex Recycled container, thereby decreasing potential waste while maintaining product quality.
- January 2024 - Mah Sing Group Bhd inked a deal with PT Gaya Sukses Mandiri Kaseindo to manufacture and trade plastic pallets, containers, and related material handling products in Indonesia collaboratively. This joint venture aimed to expand its plastic pallet manufacturing operations and strategically aligned with Indonesia's rising demand for plastic pallets.
Indonesia Industrial Packaging Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Ecosystem Analysis Suppliers, Material Manufacturers, etc.
4.3 Industry Attractiveness - Porter's Forces Analysis
4.4 Industry Regulations & Standards for Industrial Packaging in Indonesia
4.5 Import-Export Analysis
4.6 Technology Landscape for Industrial Packaging & Recent Development by Key Players in the Industry
4.7 Raw Material Analysis with Focus on Demand & Supply for Key Materials Plastic, Metal, and Paperboard
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Demand for Plastics & Paper Packaging Owing to their Favorable Material Properties and Increasing Utilization of Shipping Containers, etc.
5.2 Market Challenges
5.2.1 Environmental Impact of Plastic Resins and Dynamic Changes in Regulatory Standards
6. MARKET SEGMENTATION
6.1 Packaging Type
6.1.1 Jerry Cans
6.1.2 Rigid IBCs
6.1.3 Drums & Barrels
6.1.4 Crates & Pallets
6.1.5 Insulated Shipping Containers
6.1.6 FIBC
6.1.7 Other Packaging Types (Corrugated Boxes, Pails, Heavy Duty Bags & Sacks, Films & Wraps)
6.2 End-use Industries
6.2.1 Automotive
6.2.2 Food & Beverage
6.2.3 Chemicals & Petrochemicals
6.2.4 Pharmaceuticals
6.2.5 Paints & Coatings
6.2.6 Building & Construction
6.2.7 Other End-use Industries (Agriculture, Logistics)
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles*
7.1.1 PTT Global Chemical Public Company Limited
7.1.2 PT Kadujaya Perkasa
7.1.3 PT Rheem Indonesia
7.1.4 PT Novo Complast Indonesia
7.1.5 PT Prajamita Internusa
7.1.6 PT Repal Internasional Indonesia (Re-Pal)
7.1.7 PT Yanasurya Bhaktipersada
7.1.8 PT SCHTZ Container Systems Indonesia
7.1.9 PT Dinito Jaya Sakti
7.1.10 PT Indragraha Nusaplasindo
7.1.11 PT Java Taiko
7.1.12 PT Pelangi Indah Anindo Tbk
7.2 Heat Map Analysis by Key Players
7.3 Company Market Share/Ranking Analysis, 2024
7.4 Company Categorization Established vs. Emerging Players
8. FUTURE OUTLOOK OF THE MARKET
Indonesia Industrial Packaging Industry Segmentation
Industrial packaging is designed for industrial applications, primarily in production or distribution processes. Items packaged in this manner are often in high demand at factories or warehouses, where they may be stored or utilized in subsequent production phases.
The Indonesia industrial packaging market is segmented by packaging type (jerry cans, rigid IBCs, drums and barrels, crates and pallets, insulated shipping containers, FIBC, other packaging types (corrugated boxes, pails, heavy duty bags and sacks, films and wraps)) and end-user industries (automotive, food and beverage, chemicals and petrochemicals, pharmaceuticals, paints and coatings, building and construction, other end-use industries (agriculture, logistics)). The market size and forecasts are provided in terms of value (USD) for all the above segments.
| Packaging Type | |
| Jerry Cans | |
| Rigid IBCs | |
| Drums & Barrels | |
| Crates & Pallets | |
| Insulated Shipping Containers | |
| FIBC | |
| Other Packaging Types (Corrugated Boxes, Pails, Heavy Duty Bags & Sacks, Films & Wraps) |
| End-use Industries | |
| Automotive | |
| Food & Beverage | |
| Chemicals & Petrochemicals | |
| Pharmaceuticals | |
| Paints & Coatings | |
| Building & Construction | |
| Other End-use Industries (Agriculture, Logistics) |
Indonesia Industrial Packaging Market Research FAQs
How big is the Indonesia Industrial Packaging Market?
The Indonesia Industrial Packaging Market size is expected to reach USD 0.87 billion in 2024 and grow at a CAGR of 6.65% to reach USD 1.20 billion by 2029.
What is the current Indonesia Industrial Packaging Market size?
In 2024, the Indonesia Industrial Packaging Market size is expected to reach USD 0.87 billion.
Who are the key players in Indonesia Industrial Packaging Market?
PTT Global Chemical Public Company Limited, PT Kadujaya Perkasa, PT Rheem Indonesia, PT Novo Complast Indonesia and PT Prajamita Internusa are the major companies operating in the Indonesia Industrial Packaging Market.
What years does this Indonesia Industrial Packaging Market cover, and what was the market size in 2023?
In 2023, the Indonesia Industrial Packaging Market size was estimated at USD 0.81 billion. The report covers the Indonesia Industrial Packaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Indonesia Industrial Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Indonesia Industrial Packaging Industry Report
Statistics for the 2024 Indonesia Industrial Packaging market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Indonesia Industrial Packaging analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
