Indonesia Beverage Cans Market Outlook (2018 to 2032)
The above chart is Indonesia Beverage Cans Market Outlook (2018 to 2032)
the indonesian beverage can market is set to experience a steady performance over the forecasted period from 2018 to 2032. this sustained outlook is largely driven by the changing consumer preferences in the country which have seen a rapid increase in demand for drinks in cans and a move away from traditional packaging. this shift in preference has largely been instigated by an increase in the number of products being made available in the country as the domestic beverage industry continues to grow. on the other hand, the rising cost of production along with the progressive increase in the cost of raw materials is likely to set a cap on the potential growth of the beverage cans market in indonesia. additionally, a shift in consumer mindset towards environmental consciousness may see a corresponding move away from single-use can packaging as more and more people opt for reusable bottles. in terms of the distribution of beverage cans in indonesia, a shift has been observed towards convenience and modern store formats. this has been due to the increase in urbanisation, coupled with an increase in the income levels of the people and subsequently, an increase in the availability of disposable income. this has resulted in an increased reach and attractiveness of these convenience store formats over traditional brick and mortar stores. furthermore, the growth in the indonesia beverage cans market is expected to be partially hampered by the presence of counterfeits and the illegal trade of beverages which are unregulated and contain harmful substances. this illegal trade of drinks is mainly driven by the increase in the prices of branded drinks, making them unaffordable for many consumers. moreover, the lack of proper infrastructure in terms of the availability of cold storage at the convenience stores may further limit the availability of canned drinks. overall, the indonesia beverage cans market is expected to witness a steady performance over the forecasted period from 2018 to 2032. this sustained growth is chiefly the result of a shift in consumer preferences and an increase in the number of products available in the country. despite this, the increasing cost of production, rise in counterfeits, and the lack of proper infrastructure are likely to set a cap on the potential growth of the beverage cans market in indonesia.