Indonesia Plastic Caps and Closures Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Indonesia Plastic Caps and Closures Market Analysis

The Indonesia Plastic Caps And Closures Market size is estimated at USD 1.75 billion in 2024, and is expected to reach USD 2.27 billion by 2029, growing at a CAGR of 5.34% during the forecast period (2024-2029). In terms of shipment volume, the market is expected to grow from 10.81 billion units in 2024 to 13.41 billion units by 2029, at a CAGR of 4.40% during the forecast period (2024-2029).

• In 2023, Indonesia's population hit around 279 million, solidifying its position as the world's fourth-most populous nation. Statistics Indonesia (BPS) reported that Indonesia's economy witnessed a 5.1% growth in 2023. This growth was primarily fueled by strong domestic demand in the country, which further propelled the food and beverage industry.
• The surge in Indonesia's food processing industry can be attributed to a burgeoning tourism sector, a sizable population, and a consistently expanding food retail industry. Indonesian consumers increasingly turn to processed and packaged foods, ranging from frozen desserts to chips and snacks, alongside processed fruits and vegetables. This shift is particularly evident as more urban women enter the workforce, leaving them with less time for meal preparation, thereby bolstering the country's food market.
• The demand for non-alcoholic beverages in Indonesia is on the upswing, propelled by shifting consumer tastes, a burgeoning middle class, and rapid urbanization. This surge in demand is fueling the need for plastic packaging, specifically caps, closures, and lids. Data from the Indonesian Soft Drink Industry Association revealed that the beverage sector experienced a 3.1% growth from 2022 to 2023, with packaged drinking water (AMDK) leading the charge.
• The market is witnessing a surge in demand for innovative threaded caps across various industries, from food and beverages to household, industrial, and personal care. This heightened demand is primarily fueled by manufacturers such as Pact Group Holding Limited, who offer a range of threaded and dispensing caps in various sizes tailored to cater to diverse bottle-neck requirements, especially in Indonesia.
• The industry faces a pressing challenge: the mounting volume of plastic packaging waste, encompassing caps, closures, and lids. This waste threatens wildlife, which can ingest these non-biodegradable materials and contribute to landfill accumulation, impeding market growth. In response, manufacturers increasingly pursue sustainable and durable metal caps and closures.

Indonesia Plastic Caps and Closures Market Trends

Threaded Caps Segment Estimated to Have the Significant Market Share

Indonesia Plastic Caps and Closures Industry Segmentation

The scope of the study characterizes the plastic caps and closures market based on the raw material of the product, including PP, PE, PET, and other raw materials used across various end-user industries such as food, pharmaceuticals, beverages, cosmetics, and toiletries across the country. The research also examines underlying growth influencers and significant industry vendors that help to support market estimates and growth rates throughout the anticipated period. The market estimates and projections are based on the base year factors and arrived at top-down and bottom-up approaches.

The Indonesian plastic caps and closures market is segmented by resin (polyethylene (PE), polyethylene terephthalate (PET), polypropylene (PP) and other plastic materials (polystyrene, polyvinyl chloride (PVC), polycarbonate, etc.)), product type (threaded, dispensing, unthreaded, and child-resistant), end-use industries (food, beverage (bottled water, carbonated soft drinks, alcoholic beverages, juices and energy drinks and other beverages), personal care and cosmetics, household chemicals, and other end-use industries). The report offers the market size in value terms in USD for all the abovementioned segments.