Indonesia Paper & Paperboard Packaging Market Outlook

Indonesia’s paper and paperboard packaging market is projected to grow at a cagr of 5.14 percent between 2018 to 2032. this growth will be driven by increased demand from sectors including health, pharmaceuticals, food and beverage, and household products. the country’s growing e-commerce market is also expected to support growth in the packaging sector over the forecast period. according to a report published by industryarc, changes in the production technology and increasing production capacity are expected to be the major factors driving paper and paperboard packaging market growth in indonesia. in order to meet growing demand for packaging, many leading paper and paperboard packaging manufacturers are investing in modernizing their production process and expanding their production capacity. furthermore, focused initiatives on the part of the indonesian government to promote the use of paper and paperboard in the packaging sector has helped the market growth in recent years. to keep up with the demands of the growing e-commerce market, the government has also provided financial support to packaging manufacturers. in the coming years, the government is likely to focus on introducing incentives and tax incentives to promote packaging use. as the demand for paper and paperboard packaging grows, the prices of raw materials, specifically waste paper, are also expected to increase in the near future, leading to an increase in the cost of packaging. in order to remain competitive, leading players in the market are using alternative materials such as bioplastics and paperboard. these materials are lightweight, cost-effective, and environmentally friendly, making them ideal for packaging applications. in addition to increasing demand from traditional sectors, growth in the paper and paperboard packaging market is also being driven by the expanding foodservice industry in indonesia. with the rise of convenience stores and quick service restaurants in the country, demand for food packaging is expected to increase in the coming years. furthermore, changing consumer preferences and increased awareness of eco-friendly packaging are also likely to create new opportunities for the paper and paperboard packaging market in indonesia.