A Booming Market with Rapid Packaging Industry Growth
Indonesia is one of Southeast Asia’s largest manufacturing and logistics hubs, experiencing rapid economic growth and emerging as one of the fastest-growing global markets. According to the International Monetary Fund (IMF), Indonesia’s GDP (PPP) is projected to reach $4.98 trillion in 2024, ranking 8th globally, surpassing France and the UK, with a steady annual growth rate of 5%.
With a market that influences over 600 million consumers across ASEAN, Indonesia is becoming a key player in the global packaging industry, fueled by strong export growth. The country has also attracted substantial foreign investment, especially in EVs, battery manufacturing, logistics, and packaging. Additionally, the booming e-commerce, food delivery, F&B, and pharmaceutical sectors have significantly increased demand for paper packaging, eco-friendly packaging, and smart packaging solutions.