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The Fact.MR report also tracks the plastic protective packaging market for the forecast period 2018 to 2028.

The plastic protective packaging market is projected to exceed 9 million tons in 2019, according to a new study by Fact.MR.

Plastic protective packaging industry continues to remain influenced by various factors that range from focus of manufacturers on streamlining and optimization of plastic protective packaging, to advancements in plastic properties in line with reduced waste.Consumer inclination toward online shopping has witnessed a dramatic rise in recent years, which in turn has boosted growth of the ecommerce sector significantly.

Sensing the role of protective packaging the overall end-user experience, leading players in the plastic protective packaging market are focusing on easy-to-use designs, along with consistent branding activities.

The study finds that plastic protective packaging market players are moving ahead of the one-size-fits-all approach, directing their focus toward offerings solutions that suit well with unique physical properties of goods, along with developments in characteristics.Constant rise in the ecommerce sector has also meant that the plastic protective packaging manufacturers are putting more efforts on new product developments and innovations.

Key online retailers are using automated packaging machines to integrate air cushions in package, while, small businesses with limited access to shipping and major distribution facilities are using plastic mailers due to the cost-efficiency.According to the report, the demand for stretch wrap will remain relatively larger in light of its better recyclability and dust, moisture and tamper resistance.

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BI - Bank Indonesia (BI) expects inflation period from October 2019 to stay awake.

This is reflected in the Price Monitoring Survey BI on the fourth week of October 2019 by 0.08% on a monthly basis and to 3.19% on an annual basis.

While some other commodity selling prices down, namely the red pepper that deflation of 0.06%, chicken eggs to 0.04%, cayenne pepper to 0.03%, and tariffs of air transportation of 0.02%.

Perry said, subdued inflation supported by the government's commitment to maintain price stability.

"Inflation is good is also part of our consideration of lowering interest rates," he said at the Bank Indonesia Complex, Friday (25/10).

The Board of Governors Meeting yesterday, the central bank decided to lower the benchmark interest rate or BI 7-Day Reverse Repo Rate (BI7DRR) by 25 basis points (bps) to 5%.

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