Print Advertising - Indonesia

  • Indonesia
  • Ad spending in the Print Advertising market in Indonesia is forecasted to reach US$964.90m in 2024.
  • The largest market is Newspaper Advertising with a market volume of US$930.40m in 2024.
  • When compared globally, the United States is expected to lead in ad spending with US$10.36bn in 2024.
  • By 2029, the number of readers in the Print Advertising market in Indonesia is projected to reach 126.20m users.
  • The average ad spending per reader in the Newspaper Advertising market is estimated to be US$22.42 in 2024.
  • The Print Advertising market in Indonesia is experiencing a shift towards digital platforms, impacting traditional media strategies and ad spend.

Key regions: United Kingdom, China, Germany, Japan, United States

 
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Analyst Opinion

The Print Advertising market in Indonesia has been experiencing steady growth in recent years, driven by customer preferences, market trends, and local special circumstances.

Customer preferences:
Indonesian consumers still have a strong affinity for print media, particularly newspapers and magazines. Despite the rise of digital media, many people in Indonesia still enjoy the tactile experience of reading a physical newspaper or magazine. Print advertising offers a sense of credibility and trust that digital advertising often lacks, which is particularly important in a country where trust in online information can be low. Additionally, print media is often seen as a more reliable source of news and information, especially in rural areas where internet access may be limited.

Trends in the market:
One of the key trends in the print advertising market in Indonesia is the increasing focus on targeted advertising. Advertisers are now more interested in reaching specific demographics and niche markets, rather than trying to reach a broad audience. This has led to the development of specialized publications that cater to specific interests and demographics, such as lifestyle magazines or industry-specific newspapers. Advertisers are also increasingly using data and analytics to better understand their target audience and create more effective print advertising campaigns. Another trend in the market is the integration of print and digital advertising. Many print publications now offer digital versions of their content, allowing advertisers to reach a wider audience. Advertisers can also use QR codes or other digital technologies to connect print advertisements to online content, creating a more interactive and engaging experience for consumers.

Local special circumstances:
Indonesia is a diverse country with a large population, and this diversity is reflected in the print advertising market. Different regions and ethnic groups have their own unique preferences and interests, and advertisers need to take these differences into account when creating print advertisements. For example, advertisements targeting urban consumers may need to be more modern and cosmopolitan, while those targeting rural consumers may need to be more traditional and culturally sensitive.

Underlying macroeconomic factors:
The growing middle class in Indonesia is driving the demand for print advertising. As more people enter the middle class, they have more disposable income to spend on products and services, and advertisers are keen to capture their attention. Additionally, Indonesia's strong economic growth and stable political environment have attracted foreign investors, who are also contributing to the growth of the print advertising market. In conclusion, the Print Advertising market in Indonesia is developing due to customer preferences for print media, trends in targeted and integrated advertising, local special circumstances, and underlying macroeconomic factors such as the growing middle class and stable political environment. Advertisers are recognizing the value of print advertising in reaching Indonesian consumers and are adapting their strategies accordingly.

Methodology

Data coverage:

Data encompasses enterprises (B2B). Figures are based on print advertising spending and exclude agency commissions, rebates, production costs, and taxes. The market covers advertising in physical print editions (newspapers and magazines).

Modeling approach:

Market size is determined by a combined top-down and bottom-up approach. We use industry association reports, third-party reports, and survey results from our primary research (e.g., Consumer Insights) to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP, population, urban population, and education index.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the market. For instance, the S-curve function is well suited to forecast digital products due to the non-linear growth of technology adoption, whereas exponential trend smoothing (ETS) is more suited for projecting steady growth in traditional advertising markets.

Additional notes:

Data is modeled using current exchange rates. The impacts of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice per year in case market dynamics change.

Overview

  • Ad Spending
  • Key Players
  • Analyst Opinion
  • Reach
  • Global Comparison
  • Methodology
  • Key Market Indicators
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