| Label | USD Billion |
|---|---|
| 2018 | 5.491514827267007 USD Billion |
| 2019 | 5.874620266650302 USD Billion |
| 2020 | 6.309444272349647 USD Billion |
| 2021 | 6.720610201023691 USD Billion |
| 2022 | 7.1696587909047125 USD Billion |
| 2023 | 7.679671350674485 USD Billion |
| 2024 | 8.303280064756152 USD Billion |
| 2025 | 8.994520946709518 USD Billion |
| 2026 | 9.724947747452816 USD Billion |
| 2027 | 10.524655230458285 USD Billion |
| 2028 | 11.328268766908902 USD Billion |
| 2029 | 12.21623427862257 USD Billion |
| 2030 | 13.16141773556198 USD Billion |
| 2031 | 14.219795258859342 USD Billion |
| 2032 | 15.3921336153766 USD Billion |
Data Source: Wantstats Repository
Market Dynamics
Indonesia is experiencing rapid growth in its packaging industry, with demand for food packaging surging due to the rising middle-class population. Indonesian consumers are increasingly investing in convenience-oriented packaging, ranging from ready-to-eat meals in plastic packaging to pre-cooked meals in beverage cans. The food packaging industry in Indonesia is expected to reach a value of US$7.5 billion by 2032 at a compound annual growth rate of 4.4 percent from 2018.As the demand for convenience-oriented food packaging continues to be on the rise, manufacturers are investing in developments that cater to the needs of consumers. This includes better packaging designs, materials, colour, convenience and cost savings. The use of packs made from modified atmosphere packaging (MAP) and retort technology are both becoming increasingly popular and will likely continue to do so in the future.In order to meet the needs of their consumers, Indonesian packaging companies are looking to adopt new technologies that are more efficient and cost effective. For instance, they are using technology such as various printing and coding processes, intelligent packaging, recyclable packaging materials, anti-counterfeiting technologies, laser coding, and sensors.
These advancements in packaging technology are expected to boost the demand for fresh food packaging in the country over the forecast period.In line with the rising demand for convenience-oriented food packaging, Indonesian manufacturers are also looking to implement digital technologies in their operations. Companies are utilizing digital solutions to streamline operations to create efficiencies. This includes utilizing predictive analytics that allow them to quickly identify, monitor, and analyze problems that can affect food safety. This trend is expected to further propel the demand for fresh food packaging in the country.Overall, the Indonesian fresh food market outlook for 2018 to 2032 is positive. The demand for convenience-oriented food packaging is expected to continue growing significantly due to the surging middle-class population and the adoption of digital technologies in food packaging operations. Thus, manufacturers in the country will continue to invest in advanced technologies such that can better meet the needs of their customers.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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