Gov't Eyes 9 percent Growth in Cosmetics Industry

Translator

Dewi Elvia Muthiariny

Editor

Petir Garda Bhwana

Rabu, 10 April 2019 13:41 WIB

TEMPO.CO, Jakarta - The Industry Ministry is eyeing nine percent growth of the national cosmetics industry this year since Indonesia is a quite high potential market of beauty product that is also promising business for producers to develop.

“We have targeted the growth of cosmetics industry by 9 percent,” said the ministry’s director-general of the chemical, pharmaceutical, and textile industries, Achmad Sigit Dwiwahjono, in a press release on Wednesday, April 10.

According to him, the growth is supported by the rising demand in the domestic market and export each year. This is also in line with the people’s lifedata-style in which seeing body treatment products as the main need.

Read also: South Korean Cosmetic Industry Eyeing the Halal Industry

In 2017, the ministry recorded a total of 760 companies existed in the country’s cosmetics industry, and 95 percent of which were micro and medium enterprises. “From the medium to large scale industry, several of them export their products to ASEAN countries, Africa, Middle East, and a few others,” Sigit added.

The export value of domestic cosmetics product in 2017 reached US$516.99 million or jumped 16 percent when compared to 2016’s US$470.30 million.

The ministry, Sigit went on, is focusing to implement various efforts to improve the competitiveness in the industry through multiple programs and strategic policies to strengthen the structures. For example, applying digital technology to gain higher value given the current industry 4.0.

“The use of technology and digital intelligence starting from production process to distribution will surely provide new opportunities in increasing the industry competitiveness that is in line with the consumer’s dynamic preference and lifedata-style,” Sigit noted.

BISNIS

Related News

Indonesia Highlights Carbon Emission Reduction at Hannover Messe 2024

9 hari lalu

Indonesia Highlights Carbon Emission Reduction at Hannover Messe 2024

The Industry Ministry discussed strategic measures to curtail carbon emissions in the industrial sector at Hannover Messe 2024 in Germany.

Read More

Industry Minister: Apple Products to Be Cheaper If Made in Indonesia

16 hari lalu

Industry Minister: Apple Products to Be Cheaper If Made in Indonesia

Indonesian Industry Minister Agus Gumiwang Kartasasmita stresses the government's determination to be part of Apple's global supply chain.

Read More

Ministry of Industry Limits Electronic Imports, Hope to Boost Domestic Businesses

24 hari lalu

Ministry of Industry Limits Electronic Imports, Hope to Boost Domestic Businesses

The Ministry of Industry hoped that new regulation on import trade in electronic products could create opportunities for domestic manufacturers.

Read More

Indonesia Operates Halal Industry Data Collection App Starting January 2024

29 Desember 2023

Indonesia Operates Halal Industry Data Collection App Starting January 2024

The Indonesian Ministry of Industry plans to start the operation of a data collection information system for the halal industry in January 2024.

Read More

Indonesia in Top 10 Global Manufacturing Countries, Says Industry Minister

22 Desember 2023

Indonesia in Top 10 Global Manufacturing Countries, Says Industry Minister

Indonesian Industry Minister Agus Gumiwang reported on the country's achievements in the manufacturing sector.

Read More

Indonesia to Reach Net Zero Emissions Target by 2050

11 Oktober 2023

Indonesia to Reach Net Zero Emissions Target by 2050

Indonesia will be able to hasten the realization of the net zero emissions (NZE) target for the industry sector 10 years earlier.

Read More

Industry Minister Urges Industrial Parks to be Transformed into Smart Eco Parks

24 September 2023

Industry Minister Urges Industrial Parks to be Transformed into Smart Eco Parks

Industry Minister Agus Gumiwang Kartasasmita accentuated the importance of transforming industrial parks into smart eco industrial parks.

Read More

Air Pollution; Jakarta Obliges Industry to Install Scrubbers, CEMS

26 Agustus 2023

Air Pollution; Jakarta Obliges Industry to Install Scrubbers, CEMS

The Jakarta Environment Agency is determined to force all industries in the capital to install scrubbers and CEMS in an effort to curb air pollution.

Read More

Industry Minister to Evaluate Electric Motorcycle Incentive Following Low Interest

28 Juli 2023

Industry Minister to Evaluate Electric Motorcycle Incentive Following Low Interest

Industry Minister Agus Gumiwang Kartasasmita will evaluate the electric motorcycle incentive regulation following the public's low interest.

Read More

Indonesian Minister Visits China's BYD Automobile

4 Juli 2023

Indonesian Minister Visits China's BYD Automobile

Indonesia will have a chance to open the discussion regarding potential cooperation with China's BYD Automobile.

Read More