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Indonesia Metal Packaging Market Analysis

The Indonesia Metal Packaging Market is expected to grow at a CAGR of 3.6% over the forecast period. Evolving market dynamics where consumer shift towards the usage of processed food and beverages in their food habits is expected to aid the growth of the metal packaging market.

• The growth of high disposable incomes in the country contributes to the development of metal cans. In addition, urbanization and growing middle-class incomes are driving demand for packaged foods, leading to increased production capacity for food and beverage manufacturers. Further, the growth of the metal can have been driven by the growing consumption of beverages such as tea, iced coffee, and soft drinks.
• Furthermore, increasing construction activities in the country and government infrastructure initiatives such as recently announced infrastructure budgets for building a new capital city, as well as growing urbanization are the factors creating a demand for paints and coating products, which are expected to drive growth in the metal packaging market by creating the need for metal packaging solutions.
• However, adopting low-cost alternative packaging products made of paper and plastic restricts the market's growth, especially for metal cans. Moreover, incremental enhancements in plastic packaging pose a threat to the market, which can primarily be allocated to the popularity of plastics, such as polyethylene terephthalate (PET), as substitutes. PET plastics threaten to displace metal container packaging solutions in the food and beverage sector.
• The COVID-19 outbreak and the resulting economic downturn have negatively impacted metal packaging sales volume in Indonesia. Steep changes due to the pandemic characterize the supply-demand dynamics of the country's metal packaging industry. The pandemic highlighted the country's need to focus on developing its domestic market and decrease over-dependence on international markets for raw materials, food products, and exports. It has led to new investments marking expansion projects for various key players in the studied market, supporting its growth. Further, the Russia-Ukraine war has impacted the overall packaging ecosystem leading to increased raw material prices.

Indonesia Metal Packaging Industry Segmentation

Packaging provides a protective and informative covering to the product and protects the product during handling, storage, and movement. It also provides useful information about the content of the package. Packaging products made using aluminum, tinplate, or steel is termed metal packaging. It comes in various shapes and sizes and can package virtually any product. Metal packaging provides excellent barrier properties and is widely used in food packaging applications. They are used in different package forms and closures, such as for glass bottles and composite cans.

The Indonesia Metal Packaging Market study tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates over the forecast period. The study includes the revenue accrued from the sales of metal packaging products offered by various vendors in the market. The tinplate & tin are considered under steel can type. Also, the impact of COVID-19 has been considered for market estimation and projection.

The Indonesia Metal Packaging Market is segmented by Material (Aluminum, Steel), Product Type (Cans, Bulk Containers, Shipping Barrels & Drums, Caps & Closures), and End User Industry (Beverage, Food, Paints and Chemical, Industrial). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.