Indonesia Cosmetics Boom: Integrating Upstream and Downstream
JAKARTA, Indonesia, June 14, 2016 /PRNewswire/ -- While inaugurating the opening of the II National Conference of the association PPA Kosmetika in Jakarta on June 1, the Minister of Industry Saleh Husin stressed that cosmetics play a strategic role in Indonesia given the reality and potential of the market and the 760 existing companies directly employing 75,000 people and sustaining an additional 600,000 jobs in related industries.
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Indeed the beauty industry is one of the 10 in the priority list created by the government in the 2015 masterplan for economic growth and development. In fact currently over 90 percent of cosmetic raw materials have still to be imported and therefore the integration of upstream and downstream will be crucial for any significant acceleration of the industry.
"Indonesia has a strong potential given the large domestic market, its exports, the qualified human resources and the vast herbal ingredients that can be used as raw materials. The export value in 2015 reached USD 818 million or around Rp 11 trillion," Husin said.
Associations, public and private partnerships and dedicated events also play a vital role in fostering further growth. In response to this call, UBM, the biggest trade exhibitions organizer in Asia, is launching "Beauty Indonesia" to contribute to the exchange of information, innovation, research, business development and education. This premier beauty trade show for industry professionals will be held during April 19-21, 2017 at the Jakarta International Expo (JIExpo), Indonesia.
Part of UBM's portfolio of six beauty events in Southeast Asia, Beauty Indonesia is the first trade-only show in the country with a clear focus on international participation and on representing all beauty sectors: ingredients, packaging & machinery, contract manufacturing, finished cosmetics, toiletries & personal care, wellness & spa, natural health, beauty salons, professional hair, nail and accessories.
For more information about Beauty Indonesia, and updates on the market, you can visit our website or download the brochure here.
ABOUT the organizer
Owned by UBM plc listed on the London Stock Exchange, UBM Asia is the largest trade show organiser in Asia and the largest commercial organizer in China, India and Malaysia. Established with its headquarters in Hong Kong and subsidiary companies across Asia and in the US, UBM Asia has a strong global network of 31 offices and 1,300 staff in 24 major cities. We operate in 20 market sectors with 230 exhibitions and conferences, 21 trade publications, 18 online products for over 2,000,000 quality exhibitors, visitors, conference delegates, advertisers and subscribers from all over the world. www.ubmasia.com
Contacts:
Ivan Ferrari
+62 21 2930 5959 ext 138
Ivan.Ferrari@ubm.com
Jessica Simon
T: +62 21 29305959
M: +62 819 3210 5117
jessica.simon@ubm.com
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