The Indonesia Paper Packaging Market size is estimated at USD 14.28 billion in 2024, and is expected to reach USD 19.18 billion by 2029, growing at a CAGR of 6.07% during the forecast period (2024-2029).
The Indonesian paper packaging industry is fragmented due to several prominent market players who hold the majority share. The market players, such as SIG Group AG, PT Industri Pembungkus Internasional, PT Fajar Surya Wisesa Tbk, PT Metaform (Kompas Gramedia), AR Packaging Group AB, and Rengo Co. Ltd, are considering strategic partnerships and collaborations to expand their market share.
January 2024: PT Riau Andalan Paperboard International, part of Asia Pacific Resources International Limited (APRIL Group), initiated the commissioning of its new USD 2.3 billion paperboard manufacturing plant, bringing it a step closer to full-scale commercial production, which is expected later this year. The new paperboard facility focuses on APRIL Group’s downstream diversification into high-value-added products as a source of sustainable business growth, leveraging the company’s advantage as a fully integrated producer of fiber-based consumer products.
March 2023: SIG launched a 'Recycle for Good' program in Indonesia. The initiative by SIG and the SIG Way Beyond Good Foundation aims to inspire the public to participate in recycling by facilitating the drop-off of recyclable waste like beverage cartons, glass, plastic, and cooking oil at designated collection points, contributing to the circular economy. The 'Recycle for Good' program can positively impact the Indonesia Paper Packaging Market by fostering a recycling culture, increasing demand for recyclable materials, promoting environmental awareness, and aligning with global sustainability goals.
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