INDONESIA NONWOVENS INDUSTRY EXPANDS AS MIDDLE CLASS GROWS IN SIZE
January 1st, 2014
INDONESIA’S nonwovens market is expanding rapidly, in particular because of rising demand for consumer products. At around 246 million people, Indonesia has easily the largest population among the Association of Southeast Asian Nations (ASEAN) bloc. The country’s economy has grown at an annual average of 6% over recent years, although there are signs that growth could be slowing, with the World Bank forecasting growth of 5.6% in 2013 and 5.3% in 2014, compared with 6.2% in 2012.A report by the Boston Consulting Group published in March 2013 observed that a ...
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