Indonesia Airless Packaging Market Outlook

indonesia is an emerging economy in south east asia, projected to reach usd 1332 billion in 2020 through a robust growth rate. the indonesian economy has witnessed a cagr of 5.25 percent from 2012 to 2016 and is pegged to continue with a similarly strong trajectory. with a changing consumer preference towards convenience, the market for airless packaging in indonesia has seen tremendous growth over the years. for the year 2018, airless packaging which includes containers, pouches, tubes, pumps and sprays, was estimated to be valued at around usd 200 million in indonesia and the market is set to double in size by the year 2020. increasing skirmishes between global and local players has further pushed the industry in a positive direction in the last couple of years. apart from the hanging of cosmetics and toiletries, the increasing sale of pharmaceuticals in airless packaging has been further complimenting industry growth. the market in indonesia for airless packaging is projected to maintain a double digit growth rate over the next decade (2018 – 2028). this is being driven by the availability of technological advancements in airless packaging. additionally, investments by leading global players into developing sustainable airless packaging as well as bringing in technological advancements to balance economic and environmental needs is further driving industry growth. by 2028, the indonesia airless packaging market is projected to be worth usd 850 million at a cagr of 7.2%. by 2032, the industry is likely to reach a higher value, pushing boundaries set by the industry. towards the latter part of the forecast period, an increasing emphasis on sustainable packaging solutions is expected to further help the indonesia airless packaging market reach its full potential. in conclusion, the robustness of the indonesian economy and changing consumer preferences is expected to drive the demand for airless packaging in the country. with technological advancements and the adoption of sustainable solutions, the indonesia airless packaging market is all set to witness rapid growth in the upcoming years.