The Indonesia Plastic Caps And Closures Market size is estimated at USD 1.75 billion in 2024, and is expected to reach USD 2.27 billion by 2029, growing at a CAGR of 5.34% during the forecast period (2024-2029). In terms of shipment volume, the market is expected to grow from 10.81 billion units in 2024 to 13.41 billion units by 2029, at a CAGR of 4.40% during the forecast period (2024-2029).
The Indonesian market for plastic caps and closures exhibits a moderate level of consolidation. Key domestic players, like PT Hasil Raya Industries and PT Indo Tirta Abadi, stand alongside international giants such as Aptar Group Inc., Pact Group Holdings Limited, and Weener Plastics Group BV. These firms bolster their market presence through new product launches, strategic partnerships, and mergers and acquisitions.
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