27-Sep-2024
The Indonesia Containerboard Market size was valued at USD 2.33 billion in 2023 and is predicted to reach USD 3.11 billion by 2030, with a CAGR of 3.88% from 2024 to 2030. In terms of volume the market size was 3477 kilotons in 2023 and is projected to reach 5424 kilotons in 2030, with a CAGR of 5.83% from 2024 to 2030, according to new research by Next Move Strategy Consulting.
The rapid growth in Indonesia’s food and beverage sector with rising demand for packaged food and beverage products, drives the need for containerboards for effective packaging of the products. The average monthly expenditure per capita for food and beverages was USD 40.61 in 2021, increasing to USD 43.41 in 2022, indicating a rise in consumer demand for packaged products. As the food and beverage industry continues to grow, the demand for containerboard is expected to rise, further propelling the expansion of Indonesia's packaging industry.
However, the proliferation of alternative packaging materials such as plastics, metals, glass, and composites that presents a potential challenge to containerboard demand. These substitutes could undermine containerboard's market position, particularly if they offer cost advantages or superior performance in specific applications. Advances in these materials, especially in sustainability and functionality, may lead to increased adoption across industries traditionally reliant on containerboard, potentially eroding its market share.
On the other hand, the containerboard market anticipates significant growth through the integration of emerging technologies such as nanotechnology and smart packaging. These innovations facilitate the development of cost-efficient, versatile containerboard products that offer enhanced customization and branding opportunities.
Nanotechnology and smart packaging enable features such as active protection and real-time monitoring, further enhancing product appeal and functionality. As these applications continue to evolve and expand, incorporating quantum sensing methods into the industry is expected to drive the Indonesia containerboard market growth in the coming years.
Several key players operating in the Indonesia containerboard industry include Prima Jaya Eratama, ePac Flexible Packaging, PT. Indonesia Topan Printing, PT Dinakara Putra, Purity Flexpack Ltd, Asia Pulp and Paper, Rengo Co. Ltd, Smurfit Kappa, AR Packaging Group, Associated Packaging Indonesia PT, and others.
The information related to key drivers, restraints, and opportunities and their impact on the Indonesia containerboard market trends is provided in the report.
The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.
The market share of players in the Indonesia containerboard market is provided in the report along with their competitive analysis.
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