Market revenue in 2023 | USD 5,712.0 million |
Market revenue in 2030 | USD 8,102.5 million |
Growth rate | 5.1% (CAGR from 2023 to 2030) |
Largest segment | Packaging |
Fastest growing segment | Medical Devices |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Packaging, Construction, Electricals & Electronics, Automotive, Medical Devices, Agriculture, Furniture & Bedding, Consumer Goods, Utility |
Key market players worldwide | Basf SE, SABIC, Dow Inc, DuPont de Nemours Inc, Evonik Industries AG, Sumitomo Chemical Co Ltd, Arkema SA, Celanese Corp Class A, Eastman Chemical Co, Chevron Corp, Lotte Chemical, Exxon Mobil Corp, Formosa Plastics Group, Covestro AG, Toray Industries Inc, Mitsui & Co Ltd, Teijin Ltd, INEOS, LG Chem, Lanxess AG, CHIMEI, Huntsman Corp, LyondellBasell Industries NV Class A, Miller Waste Mills |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to plastic market will help companies and investors design strategic landscapes.
Packaging was the largest segment with a revenue share of 35.34% in 2023. Horizon Databook has segmented the Indonesia plastic market based on packaging, construction, electricals & electronics, automotive, medical devices, agriculture, furniture & bedding, consumer goods, utility covering the revenue growth of each sub-segment from 2018 to 2030.
Plastics in Indonesia is likely to augment huge growth on account of the agriculture segment. It has been a significant source of income for domestic households while also facilitating much-needed export revenue. As per the Food and Agriculture Organization (FAO), the agriculture sector is considered the most important part of the economy, accounting for 12.40% to the GDP in 2022.
Indonesia is one of the most populated nations in the world and is the main producer of agricultural products. The islands of Bali and Java account for only 7% of the country’s total land area but contain around 60% of the population. The major food crops grown in Indonesia are cassava, corn, rice, peanuts, and soybean.
The country is also considered to be the leading manufacturer and exporter of palm oil, rubber, palm kernels, copra, cocoa, coffee, and spices. Furthermore, due to rapid urbanization, plastic manufacturers are focusing on implementing the latest technologies to make innovative materials such as plastics to meet the growing demand for energy, climate change, and technological advancements.
Horizon Databook provides a detailed overview of country-level data and insights on the Indonesia plastic market , including forecasts for subscribers. This country databook contains high-level insights into Indonesia plastic market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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