About Factory

Inocycle adalah perusahaan Clean-Tech Indonesia yang berfokus dalam mengolah dan mendaur ulang botol PET dan sampah plastik lainnya. Menghadirkan solusi global untuk masalah lokal. Mengubah sampah menjadi sumber daya baru.

 

Market Opportunity

Domestic and International Market Opportunities
which is still growing

Indonesia Non-Woven Consumption (in Kilotons)

Sumber : Perseroan, Smithers Apex, PwC Analys Shinhan Sekuritas Indonesia

Estimated Indonesia Non-Woven automotive consumption (in kilotons)

Sumber : Perseroan, Smithers Apex, PwC Analys Shinhan Sekuritas Indonesia

Estimated Indonesia Non-Woven in Civil Engineering (in kolotons)

Sumber : Perseroan, Smithers Apex, PwC Analys Shinhan Sekuritas Indonesia

Estimated Indonesia Non-Woven Building/Roof Consumption (in Kilotons)

Sumber : Perseroan, Smithers Apex, PwC Analys Shinhan Sekuritas Indonesia

The consumption of nonwoven building/roof is estimated to increase by 12% (CAGR) to 10.85 kilotons at 2022 or reflecting 2.x of GDP growth as reflected at the historical pattern.

The potential growth is also coming from nonwoven hygiene that has been grew by 7.7% to 57.1 kilotons at 2022 from 2018 at 41 kilotons. The potential demand from nonwoven hygiene is believed would be expanded further on the back of the growing Indonesia population of infant and adult above 70 years old that at 31.6mn last year and forecasted to pick up by 1.4% CAGR to 34.5mn people at 2024. This segment would need the nonwoven hygiene as a material for diaper both for adult and infant.

Indonesia Infant and Adults Above 70 years Old Population Estimation

Sumber : Perseroan, Smithers Apex, PwC Analys Shinhan Sekuritas Indonesia

Indonesia Non-Woven Hygiene (in Kilotons)

Sumber : Perseroan, Smithers Apex, PwC Analys Shinhan Sekuritas Indonesia

Polyester Contributed 77% of the Total Apparel Material

Sumber : Perseroan, Smithers Apex, PwC Analys Shinhan Sekuritas Indonesia

Application PSF as a substitute for cotton in the clothing market it is expected to continue to rise. Inocycle as a manufacturer Re-PSF has become a leading supplier for materials non-woven in Indonesia ranging from jackets, shoes, hats and bags. The growth of middle class income in this large population will provide a great opportunity for Inocycle to expand its business.

Indonesia Market Size for Female and Male (in mn USD)

Sumber : Perseroan, Smithers Apex, PwC Analys Shinhan Sekuritas Indonesia

The size of the clothing market for Indonesian men and women is also predicted to continue to increase with a CAGR of 6.8% historically. Opportunities for producers PSF in Indonesia it is still getting bigger as the growth of the middle class and population.

Non-Woven Consumption in Mattresses / Bedding

Sumber : Perseroan, Smithers Apex, PwC Analys Shinhan Sekuritas Indonesia

Application PSF on mattress products and bedding in Indonesia is estimated to increase with a CAGR of 4.3% from 27.9 kilotons in 2018 to 34.4 kilo tons in 2022. The growth of the hotel and tourism industry also triggers the growth of product demand bedding. 70% of spring bed producers in Indonesia use the product non-woven Inocycle.

Impor Re-PET Tiongkok 2016 – 2017

In 2018, China has announced a policy to ban the import of 32 types of waste and used goods including bottles PET bekas dan juga serpihan botol PET. Regulations in China are expected to drive prices Re-PSF higher and offer opportunities for export. In the market PSF globally, Chinese production is the largest with a proportion of 59% of total global production. However, industry Re-PSF China is very dependent on imports because the country imports about half of its raw material needs. It is hoped that the supply Re-PSF in the global market is reduced because of China's waste plastic import regulations. Supply shortages that arise along with a decrease in the volume of Chinese production, is expected to boost prices Re-PSF.

Country of Origin of China Re-PET Product Imports

As a result of this import ban, Inocycle has now successfully expanded its export coverage. Some countries that have been reached by Inocycle in distributing their products are the United States (King Koil), Germany (BMT, Altex), and Italy, and going forward Inocycle hopes that there will be many other countries that can become regular customers of Inocycle. In addition, in 2018 the price of a bottle PET imports from Australia also declined so this situation was more favorable for Inocycle.

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