Product Code: ETC110327 | Publication Date: Jul 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Indonesia is one of the key countries with a significant demand for aluminium aerosol cans. It has emerged as an attractive market for various end-use industries, including personal care products, household & industrial cleaning supplies, and automotive lubricants. The growing population and high disposable incomes have been boosting the demand for packaged goods in the country. This has directly led to rising consumption of aluminium aerosol cans across Indonesia. As per estimates, the Indonesia aluminium aerosol cans market was valued at around USD 4 Million in 2020 and is projected to register a CAGR of 8%, during 2021?2026.
The increasing need among pharmaceutical companies for packaging their healthcare products through aerosols has gained traction over recent years owing to its convenience factor while travelling or storing medicines. Further, manufacturers are developing innovative designs in order to differentiate their product offering from those available in the market which includes ergonomic design changes such as push buttons on spray cap tops that require no finger contact alongwith altered can shape & sizes making them more userfriendly than traditional counterparts. These developments will further drive up the demand for Aluminium Aerosol Cans Market in Indonesia during forecast period.
Growing urban population coupled with rising purchasing power amongst middle class consumers is driving growth of packaged food industry ,which indirectly aids growth of Aluminium Aerosol Cans Market. Also , penetration of global brands into rural parts due to advancement made by local manufacturer?s towards capacity expansion results into availability fo luxury consumer goods even at remote locations thus fuelling overall sales figures globally. Additionally , introduction of several stringent regulations against use plastic bags also adds up weightage towards usage if aluminium aerosal can thereby augmenting growth rate till 2026.
The Indonesia aluminium aerosol cans market has been adversely affected by the outbreak of COVID-19. The restrictions imposed have led to a decline in demand from end-users and key markets, along with production disruptions due to lockdowns and subsequent delays in deliveries. However, the market is projected to recover gradually once the pandemic subsides as consumers return to purchasing packaged goods such as food and beverages.
One of the major challenges faced by players in Indonesia aluminium aerosol can market is that it faces stiff competition from plastic cans which are generally more affordable than their metal counterparts. Additionally, regulations regarding environmental protection have become increasingly stringent, requiring companies to invest heavily in environmentally friendly packaging materials and processes.
Some of the key players operating in Indonesia aluminium aerosol cans market are PT Damai Indo Makmur Utama (DIMU), PT Bentoel Prima Industry (BPI), PT Surya Toto Indonesia (STI), Kurnia Abadi Packaging Co., Ltd., F&N Beverages Marketing Pte Ltd., Indah Aluminium Can Industries Sdn Bhd., Aerospec Group Asia Pacific Pte Ltd among others.