Product Code: ETC104327 | 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 | |
The Indonesia regenerated cellulose market is expected to witness significant growth over the forecast period, owing to its increased use in personal care products, plastic components and automotive parts. The market is driven by increasing demand for eco-friendly packaging materials made from re-engineered fibers. It has applications in various industries such as textiles, construction, consumer durables, pharmaceuticals and automotive. In Indonesia, several companies are producing bio-based films using regenerated cellulose fiber. Furthermore, strict government regulations on plastic usage due to environmental concerns also contributes significantly towards the development of this market.
One of the major trends observed in this industry is the growing focus on green technology as a way to reduce environmental pollution caused by synthetic polymers and plastics. Companies are investing heavily in developing cost effective bioplastics derived from cellulosic raw material sources such as cotton linters or wood pulp with improved properties suitable for different segments of end user markets like plastics & composites production etc.. Additionally, there has been an increase in research efforts aimed at improving production techniques used for manufacturing product grades suitable for multiple industrial applications including medical implants & prosthetics; food packaging; lightweight automobile components etc., thus providing further impetus to this sector?s growth prospects over forthcoming years.
Some of the key drivers that will contribute positively towards continued development of Indonesia regenerated cellulose market include rapid urbanization coupled with rising disposable incomes leading to higher consumer spending power which would result into augmented demand especially for end applications belonging to FMCG (Fast Moving Consumer Good) segment e.g., tissue paper; diapers; sanitary napkins etc.; concurrent technological advancements resulting into enhanced efficiency levels associated with existing manufacturing processes driving down total costs incurred during manufacture thereby allowing players operating within this space attain competitive advantage both regionally & globally; introduction of stringent government regulations regarding sustainability along with inclusion policies emphasizing upon replacing traditional petroleum based feedstock utilization resources with renewable energy sources like biomass & agricultural waste among others.
The COVID-19 pandemic has had a major impact on the Indonesia Regenerated Cellulose market, with the country`s economic slowdown leading to a decrease in demand. The pandemic has caused manufacturers to reduce production and cut costs, as well as lay off workers. This has further impacted sales within the industry.
The main challenge for regenerated cellulose producers is having access to raw materials at competitive prices since this is an important factor affecting their profits. In addition, due to high transportation costs and lack of infrastructure in Indonesia, it can be difficult for suppliers and buyers to transport goods across long distances economically.
Some of the key players operating in the Indonesia regenerated cellulose market are PT Asia Pulp & Paper (APP), PT Dharma Satya Nusantara Tbk (DSN), GRAFINDO Persada Sukses Abadi, Asahimas Chemical Industry Co., Ltd, PT Chandra Asri Petrochemical Tbk, SINAR MAS GROUP (SMG) etc. These companies focus on producing quality products at competitive prices while also expanding their consumer base by delivering innovative products that meet customer needs.