Market Size of Indonesia Industrial Packaging Industry
| 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 |
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.
