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The paints packaging market size is forecast to increase by USD 5.34 billion at a CAGR of 4.6% between 2023 and 2028. The global market is experiencing significant growth due to the increasing demand for paints and their derivatives. This trend is driven by the construction industry's expansion, particularly in the segment of skyscraper construction. However, the market is also faced with challenges such as fluctuating prices for raw materials used in paint packaging, including resins, pigments, and additives. These price fluctuations can impact the profitability of paint manufacturers and packaging providers. Additionally, the growing focus on sustainable packaging solutions is another trend influencing the market, with eco-friendly and recyclable options gaining popularity among consumers and regulatory bodies. Overall, the market is expected to witness steady growth in the coming years, driven by these trends and challenges.
The global paint market is expected to witness significant growth due to increasing infrastructure spending in the construction industry. Exterior paints are anticipated to dominate the market, driven by the rising demand for durable and weather-resistant coatings. VOC content regulations are influencing the shift towards water-based paints and eco-friendly packaging solutions, such as cans made of polyethylene and metals like aluminum and steel. R&D spending in the sector is focusing on advanced coating solutions. Digital technologies are transforming the market, with online sales and e-commerce platforms driving growth in paint imports and exports.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The cans and pails segment is estimated to witness significant growth during the forecast period. The paint industry is witnessing significant growth due to increasing infrastructure spending in the construction sector. Exterior paints are in high demand, with a focus on reducing Volatile Organic Compounds (VOC) content to meet environmental regulations. Paint exports and imports are also on the rise, driving the need for advanced packaging solutions. R&D spending in coating thickeners and paint packaging materials, such as PET bottles, cans, pails, aerosol cans, and pouches, is increasing. Materials like polyethylene, metals (aluminum, steel, tin), and PET bottles. Digital technologies and e-commerce are transforming the industry, with online sales increasing. Crude oil prices and eco-friendly packaging trends are key factors influencing the market dynamics.
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The cans and pails segment was valued at USD 13.94 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The paint industry is witnessing significant growth due to increasing construction activities, infrastructure spending, and the subsequent demand for Exterior paints. The VOC content in paints is a major concern for environmental regulations, leading to the adoption of eco-friendly packaging options such as biodegradable materials. Paint packaging materials include cans, pails, Aerosol cans, Pouches, Polyethylene, Metals (Aluminum, steel, tin), and PET bottles.
Moreover, the coating thickeners play a crucial role in maintaining the consistency of paints, and their demand is expected to increase in the coming years. Plastic containers are widely used due to their cost-effectiveness and ease of use. However, the crude oil prices and sustainability concerns are driving the shift towards more sustainable packaging options. Digital technologies and e-commerce are transforming the paint industry, with online sales accounting for a significant portion of the market. The focus on sustainability and eco-friendly packaging is expected to continue, with a growing emphasis on digital technologies and e-commerce platforms.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Growing demand for paints and their derivatives is the key driver of the market. The global paint market is experiencing significant growth due to the increasing demand for paints in the construction industry, driven by infrastructure spending on residential, commercial, and infrastructural developments. With an average repainting cycle of 3-5 years for buildings, the need for paint and its derivatives is expected to rise. Exterior paints, in particular, are in high demand due to their ability to enhance the aesthetic appeal and protect structures from weather conditions. The paint packaging market is also witnessing growth due to the increasing demand for paint. Various types of paint packaging materials include cans, pails, aerosol cans, pouches, and plastic containers made of materials like polyethylene, metals (aluminum, steel, tin), and PET bottles.
Moreover, the paint industry is focusing on R&D spending to develop coating thickeners and eco-friendly packaging options made from biodegradable materials. This focus on sustainability is driving the market for paint packaging. Digital technologies and e-commerce platforms are also influencing the paint packaging market, with online sales increasing and the need for lightweight, durable, and easy-to-transport packaging solutions. Crude oil prices and VOC content regulations are key factors impacting the paint packaging market. Companies are exploring solvents and polymers with lower VOC content to meet regulatory requirements and reduce environmental impact.
An increase in skyscraper construction is the upcoming trend in the market. The construction sector's growth, driven by infrastructure spending and the increase in residential and commercial buildings, as well as infrastructural developments, has led to a significant demand for paint. Exterior paints, in particular, have seen increased usage due to their ability to enhance the aesthetic appeal and protect structures from weather conditions. Paint manufacturers have responded by investing in Research and Development (R&D) to reduce the Volatile Organic Compounds (VOC) content in their products, making them more eco-friendly. The paint packaging industry has seen a shift towards sustainable and innovative material options, such as plastic containers made of Polyethylene, Metals like Aluminum, steel, and tin, PET bottles, and even Pouches.
The global paint market is witnessing a trend towards eco-friendly packaging options, with a focus on Biodegradable materials and Sustainability. Digital technologies and E-commerce have also influenced the industry, with Online sales and the convenience of Aerosol cans and Pouches gaining popularity. Crude oil prices and the availability of raw materials continue to impact the market dynamics. Overall, the paint packaging market is expected to grow significantly during the forecast period, driven by these trends and the increasing demand for paint in the construction sector.
Fluctuating prices for raw materials used in paint packaging is a key challenge affecting the market growth. The global market is experiencing significant changes due to various factors, including infrastructure spending and construction activities. Exterior paints continue to dominate the market, with a growing demand for eco-friendly packaging options. The prices of raw materials, such as plastic and metals, including aluminum, steel, and tin, have been on the rise, leading to increased production costs for manufacturers. These materials are widely used for paint packaging due to their rigidity and durability. Plastics, particularly polyethylene, polypropylene, and polyvinyl carbonates, are commonly used for manufacturing paint packages. The demand for plastic containers, including cans, pails, aerosol cans, pouches, and PET bottles, is increasing due to their lightweight and cost-effective nature.
Moreover, coating thickeners and additives, such as those provided by Solvay and Addibond, play a crucial role in enhancing the performance of paints and coatings. The use of polymers, including corrosion-resistant materials, is also gaining popularity due to their ability to extend the shelf life of paints. The construction sector's growth, driven by residential, commercial, and infrastructural developments, is fueling the demand for paints and coatings. However, the increasing focus on sustainability and eco-friendly packaging options is driving the adoption of biodegradable materials.
Moreover, digital technologies and e-commerce are also transforming the market, with online sales and digital marketing strategies becoming increasingly important. Despite these opportunities, the market faces challenges such as price fluctuations in raw materials, which can impact the profitability of manufacturers. The global market is expected to grow steadily during the forecast period, driven by these trends and challenges.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Amcor Plc - The company offers paints packaging solutions for applications such as furnitures, constructions and building.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The global paint market is expected to experience significant growth due to increasing infrastructure spending in the construction industry. Exterior paints are a key segment of the market, with VOC content being a crucial factor in their production. Paint packaging plays a vital role in ensuring product quality and protection during transportation. Materials used for paint packaging include cans, pails, aerosol cans, pouches, and plastic containers made of polyethylene, metals like aluminum, steel, and tin, and pet bottles. Crude oil prices and e-commerce sales are other factors influencing the paint packaging industry. Eco-friendly packaging options using biodegradable materials and digital technologies are gaining popularity for their sustainability and convenience.
Market Scope |
|
Report Coverage |
Details |
Page number |
169 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.6% |
Market growth 2024-2028 |
USD 5.34 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.18 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 43% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Amcor Plc, Ardagh Group SA, BABA GROUP OF COMPANIES, Berlin Packaging LLC, Berry Global Inc., BWAY Corp., Can One Berhad, Dow Inc., Envases Group, Greif Inc., Inno Pak Inc., Involvement Ltd, Mangla Metal Pvt. Ltd., Mold Tek Packaging Ltd., Mondi Plc, MUTHA PLASTIC INDUSTRIES, National Can Industries Pty Ltd., Reliance Plastic Containers, Silgan Holdings Inc., and Sun Packaging |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Material
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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