Market Research Indonesia Plastics Market Analysis 2018

The Indonesia plastics market is expected to witness a CAGR of 6.23% during the forecast period, 2018
to 2023. Polyolefins accounted for the largest share, more than 47%, in 2017 and the engineering
plastics are expected to witness the fastest CAGR, during the forecast period. Plastics are products
essential for general and industrial purposes.
Increasing Down-stream Processing Capacities
Indonesia depends heavily on imports for crude oil. Due to the growing population, economy, and
middle-class income group, the consumption of oil in different industries is increasing in the country. PT
KilangKaltim Continental, (KKC) is likely to build a modular refinery, at KIPI Maloy port and industrial
park, Indonesia. Indonesias state- owned energy company, Pertamina, is expanding the Balikpapan
refinery, and plans to increase its capacity by 260,000-b/d, by the end of the year, 2020. With such a
rapid increase in the down-stream processing and increase in production of oil in the country,
Indonesias refining capacity is expected to go up at healthy pace, in next 10-12 years. Thus, the increase
in down-stream processing capacity additions is expected to drive the plastics market in Indonesia.
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Packaging Industry to Dominate the Market
Packaging accounts for the largest application segment in the Indonesian plastics market. Plastics are
primarily transparent, flexible, lightweight, and durable. They provide resistance to corrosion, chemicals,
and water; have low electrical and thermal conductivity, and low toxicity. They are also easy to
manufacture, and are comparatively lower in cost. The increasing demand for plastics is also fueled by
the food & beverage industry, The plastic is used for various packaging applications, such as, for bottles,
cups, bulk containers, pails, plastic pots, trays, returnable transit packaging, and various others
applications; as it is safe and hygienic, and helps in the preservation and conservation of food. The
barrier property of plastics helps to preserve the natural taste of food, while preventing external
contamination.
Major Players: Pertamina, PT Chandra Asri Petrochemical Tbk, PT Lotte Chemical Titan Tbk, Toray
Industries, Inc., Lyondell Basell Industries Holdings BV, Polychem Indonesia Tbk, PT Asahimas Chemical,
and PTT Global Chemical Public Company Limited amongst others.
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