Indonesia Plastics Market Research Report: Forecast (2024-2030)

1. MARKET RESEARCH REPORT Indonesia Plastics Market Research Report: Forecast (2024-2030) MARKNTEL ADVISORS

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4. Market Insights The Indonesia Plastics Market size is estimated to grow at a CAGR of around 6.5% during the forecast period, i.e., 2024-30. The Indonesian market exhibits a robust growth trajectory, propelled by consistent economic expansion. This upward trend fosters a heightened demand for plastics across diverse sectors, including packaging, construction, automotive, and consumer goods.The growing industries fuel the consumption of plastic products, further amplified by Indonesia's notable urbanization. With a rapidly growing urban population, the need for plastic intensifies, particularly in construction, infrastructure development, and consumer goods.

5. Market Trends Indonesia Plastics Market Challenge: Government Strict Regulations on Plastic Usage & Over-Reliance on Imported Raw Materials Impeding the Market Expansion – The plastic market in Indonesia is facing a dual challenge caused by strict government regulations on plastic usage and a heavy reliance on imported raw materials. The implementation of regulatory measures like the prohibition against single-use plastics and restrictions imposed on packing using such material has led both local and international manufacturers to reconsider their operations. Although important for ecology, this legislative landscape brings logistical challenges that companies must navigate to ensure compliance while managing financial aspects. Moreover, relying heavily on outsourced resources amplifies vulnerabilities, exposing markets to fluctuations due to supply chain disruptions or volatile global prices. To overcome these issues, stakeholders need to focus on developing innovative sustainable solutions that invest domestically, enhance production capabilities, lobby policymakers, and jointly create practical legislation balancing ecological concerns with economic viability. The Indonesian plastics market is confronted with a major impediment in adhering to strict government regulations designed to minimize environmental damage. The marketplace has undergone significant changes due to the implementation of limitations on single-use plastics, along with mandates for efficient waste management and support for recycling initiatives. In 2020, under the leadership of the Indonesia National Plastic Action Partnership (NPAP), a fusion plan was put into action aimed at reducing marine plastic leakage by 70% by 2025 while also aiming

6. Market Segments Indonesia Plastics Market Report - By Type (Traditional Plastics, Engineering Plastics, Bioplastics), By Plastics Molding Technology (Injection Molding, Extrusion Molding, Blow Molding, Others), By Application (Packaging, Electrical and Electronics, Building and Construction, Automotive and Transportation, Furniture and Bedding) Others

7. Top Companies Asahimas Chemical Company, BASF SE, Lotte Chemical Titan Holding Berhad, PT ALBA Tridi Plastics Recycling, PT Pertamina (Persero), Polychem Indonesia Tbk, Chandra Asri Petrochemical, LyondellBasell Industries Holdings BV, Standard Toyo Polymer (Tosoh Corporation), Pt. Trias Toyobo Astria (TTA), Others,

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