Indonesia Plastic Market Size & Outlook, 2023-2030

The plastic market in Indonesia is expected to reach a projected revenue of US$ 8,102.5 million by 2030. A compound annual growth rate of 5.1% is expected of Indonesia plastic market from 2024 to 2030.
Revenue, 2023 (US$M)
$5,712.0
Forecast, 2030 (US$M)
$8,102.5
CAGR, 2024 - 2030
5.1%
Report Coverage
Indonesia

Indonesia plastic market highlights

  • The Indonesia plastic market generated a revenue of USD 5,712.0 million in 2023 and is expected to reach USD 8,102.5 million by 2030.
  • The Indonesia market is expected to grow at a CAGR of 5.1% from 2024 to 2030.
  • In terms of segment, packaging was the largest revenue generating end use in 2023.
  • Medical Devices is the most lucrative end use segment registering the fastest growth during the forecast period.


Plastic market data book summary

Market revenue in 2023USD 5,712.0 million
Market revenue in 2030USD 8,102.5 million
Growth rate5.1% (CAGR from 2023 to 2030)
Largest segmentPackaging
Fastest growing segmentMedical Devices
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPackaging, Construction, Electricals & Electronics, Automotive, Medical Devices, Agriculture, Furniture & Bedding, Consumer Goods, Utility
Key market players worldwideBasf 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


Other key industry trends

  • In terms of revenue, Indonesia accounted for 0.9% of the global plastic market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, Japan plastic market is projected to lead the regional market in terms of revenue in 2030.
  • Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 11,262.7 million by 2030.

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Plastic Market Scope

Plastic market segmentation & scope
Packaging
Construction
Electricals & Electronics
Automotive
Medical Devices
Agriculture
Furniture & Bedding
Consumer Goods
Utility
Others
Injection Molding
Blow Molding
Roto Molding
Compression Molding
Casting
Themroforming
Extrusion
Calendering
Others
Polyethylene (PE)
Polypropylene (PP)
Polyurethane (PU)
Polyvinyl chloride (PVC)
Polyethylene terephthalate (PET)
Polystyrene (PS)
Acrylonitrile butadiene styrene (ABS)
Polybutylene terephthalate (PBT)
Polyphenylene Oxide (PPO)
Epoxy Polymers
Liquid Crystal Polymers
Polyether ether ketone (PEEK)
Polycarbonate (PC)
Polyamide (PA)
Polysulfone (PSU)
Polyphenylsulfone (PPSU)
Others

Plastic Market Companies

Name Profile # Employees HQ Website

Indonesia plastic market outlook

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.

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Target buyers of Indonesia plastic market databook

  • Our clientele includes a mix of plastic market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

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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Indonesia plastic market size, by end use, 2018-2030 (US$M)

Indonesia Plastic Market Outlook Share, 2023 & 2030 (US$M)

Indonesia plastic market size, by end use, 2018-2030 (US$M)

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