Indonesia’s packaging sector: Ramadan will boost demand
The Chief of the Indonesia Packaging Federation, Hengky Wibowo, reportedly stated that in the last few weeks, production in the packaging sector has increased in line with efforts to secure inventory for food manufacturers ahead of Ramadan, adding that higher demand will enable utilization rates to improve and that average utilization rates of packaging manufacturers currently stands at around 80%.
According to Wibowo, growth in the packaging sector declined 30% in the first three months when compared to same period last year. The productivity of the domestic industry, meanwhile, is also hampered by the high cost of logistics and transport, which currently account for around 18% of production costs. According to market players, Indonesia’s packaging sector will grow by 6-7% this year after expanding around 9-10% last year.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- LDPE run-up enters its third month in China as tightness persists
- African PP, PE markets extend gains into Sept on tightness
- European PS follows SM lower in Sept, ABS flat on tightness
- Turkey PP, PE markets propelled higher by shipping bottlenecks in Sept
- Are record-high PVC prices the new normal amid enduring pandemic?
- European PVC up for 16th month in Sept, prices touch new highs
- Egypt’s PP, PE markets rise on tightness in September
- Logistics snarls propel import PP, PE offers higher in Europe
- Import PVC prices near all-time highs in India, disparity with China/SEA grows
- PP, PE supplies rise in China; demand lags behind expectations despite peak season