Indonesia Rigid Plastic Packaging Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Indonesian rigid plastic packaging market will register a CAGR of 4.74% over the forecast period. The Indonesian packaging business now operates differently as a result of plastic packaging. Although Indonesia's downstream rigid plastic sector is highly developed, its reliance on imported raw materials has limited its growth potential.
Key HighlightsThe rigid plastic packaging market in Indonesia is fragmented. Further, to lower costs and enhance packaging performance, businesses are concentrating on offering lightweight and high-performance corrugated grades. Due to the presence of several major players, the market has intense competition.
In May 2022, Amcor Plc developed a bottle using the most recent PowerPostTM technology that is up to 30% lighter and 100% recyclable may be produced. The technology was created for hot-fill beverages to prevent overflow spills. PowerStrap, a vacuum-absorbing technology, is used to construct the device.
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