Indonesia Folding Carton Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Indonesia Folding Carton market was valued at USD 4.29 billion in 2021 and is expected to reach USD 5.94 million by 2027, registering a CAGR of 5.47% during the period of 2022-2027. Increases in income levels, owing to higher employment levels and minimum wages, are supporting the growing middle class in the country. This is leading them to increase their budget for consumer products. The demand for personal care and cosmetics, especially skin, makeup, and hair care products, is witnessing rapid growth.
Key HighlightsThe Indonesia folding carton packaging market is fragmented as the market has the presence of international and local vendors. Notably, to garner market share and compete vigorously, the companies are adopting diverse strategies, such as mergers and acquisitions. Vendors, such as AR Packaging, entered the market by acquiring domestic company PT Maju Jaya Sarana Grafika. Key players are Industri Pembungkus Internasional Pt, PT. Fajar Surya Wisesa Tbk, Pt. Metaform (Kompas Gramedia), etc. Recent developments in the market are -
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