(Food-Beverage-News.Com, October 10, 2019 ) Market Overview: • The Indonesia flexible packaging market by volume is growing at a CAGR of 4.41% in the forecasted period to reach XX billion units by 2026. • Indonesia has a developed industry for both flexible and rigid packaging market and is highly reliant on the importation of raw materials. Flexible Packaging market in Indonesia has a dominating share within the Association of Southeast Asian Nations (ASEAN) market and is expected to lead the region in the coming years.
Market Dynamics: Drivers • Flexible packaging products have the advantage to produce in various shapes and sizes at low cost. • The convenience of flexible packaging is one of the primary factor driving the growth of the market • Growing demand for flexible packaging Restraints • Flexible packaging market is impacted by the low rate of recyclability at the global level with most of the plastic waste is mainly comprised of low-value flexible packaging making it difficult for the recycling of the plastic packaging, thus restraining the growth of the market.
Market Segmentation: By Packaging Form • Flexible packaging market is segmented by different packaging forms namely, pouches, bags, roll stocks, blister and strip packs. Bag type flexible packaging accounted for the most significant market share of 42% in the overall flexible packaging market, followed by pouch type with XX% market share.
By Raw Material • Flexible packaging has various quality grades regarding material quality. With raw material, the market is segmented into plastic, paper, aluminum, and multilayer. • Flexible plastic packaging segment is accounted for a most significant share in the overall flexible packaging market in Indonesia. Rising raw material prices such as plastic and aluminum, industry players are turning toward lower-quality flexible packaging, which is thinner and less durable.
Competitive Analysis: The Indonesia market is a highly competitive market with Amcor, Dia Nippon Printing Indonesia PT, and Ciptakemas Abadi leading the market share.
There are also large numbers of small companies in the market with less market share competing among them.International players are undergoing mergers and acquisitions to enter in Indonesia and expand their product offerings.
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