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The paints packaging market size is estimated to grow by USD 4,878.37 million at a CAGR of 4.39% between 2022 and 2027. The growth depends on several factors such as the growing demand for paints and their derivatives, the increasing infrastructural development projects, and the rising demand for metal cans.
It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our researchers analyzed the data with 2022 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.
One of the key factors driving the market growth is the growing demand for paints and their derivatives. There are several types of paints available in the market as per the applications and end-user requirements such as solvent-based varnishes, lacquers, enamels, and latex paints. There is a significant demand for paints and their derivatives due to the high demand for new and existing buildings.
Moreover, there is a rising demand for paints and their derivatives across the world due to the evolution of new paints, such as water-soluble and odor-free paints. In addition, the advent of advanced painting tools, including spray painting and rolling brushes, has minimized the requirement for trained painters, which has fuelled the repainting of residential buildings. Hence, such factors are driving the market growth during the forecast period.
A key factor shaping the market growth is the rising demand for customization. There is a growing focus on customized products by market players in the market due to increased competition and the strong presence of established players in the market. The customization of these products comprises the customization of the size, shape, raw materials used for design, and coatings inside the cans for specific products.
Moreover, the customization enables paint manufacturers to manufacture that align perfectly with their brand identity. In addition, there is an increasing offering of a wide variety of sizes to cater to various customer requirements. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the market during the forecast period.
Fluctuating prices for raw materials are one of the key challenges hindering market growth. Some of the commonly used raw materials include plastic and metals, including aluminum, steel, and tin steel. The price volatility of these raw materials will significantly impact the price. In addition, there has been an increase in the price of raw materials due to the widening of the demand-supply gap in the last few years.
Moreover, the rise in raw materials will significantly minimize the profit margins for manufacturers which can negatively impact the market. Some of the main types of plastics that are used for manufacturing paint packages include polyethylene, polypropylene, and polyvinyl carbonates. As these polymers are derived from crude oil, the fluctuations in crude oil prices can significantly impact the prices of these polymers. Hence, such factors are negatively impacting the market which in turn will hinder the market during the forecast period.
The cans and pails segment is estimated to witness significant growth during the forecast period. This segment is one of the traditional and vital forms in the global market. The main advantage of this segment is that it offers e durability and protection to a wide range of paint and coating products. This segment is available in various sizes and materials, enabling paint manufacturers to cater to both consumer and industrial needs.
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The cans and pails segment was the largest segment and was valued at USD 3,743.72 million in 2017. Metal cans, manufactured from steel or aluminum, have been a staple in the global industry for a very long time. There is an increasing preference for metal cans due to their robustness, resistance to external elements, and ability to preserve the quality of the paint inside. These paint cans are available in quart, gallon, and larger sizes, serving both do-it-yourself (DIY) painters and enthusiasts and professional painters. One of the prominent suppliers of metal and glass solutions, including paint cans, is the Ardagh Group. These companies provide various sizes and customization options. Mauser Packaging Solutions is another prominent company that offers industrial packaging solutions, such as steel and plastic cans suitable for paints, coatings, and chemicals. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the market during the forecast period.
Based on material, the segment is classified into rigid plastic and metal. Some of the main factors that are significantly contributing to the growth of the rigid plastic segment include the easy availability of cost-effective raw materials and convenient transportation options. There has been a growing shift toward plastic packaging from metal packaging over the last few years due to its several advantages. Several manufacturers are increasingly focusing on these due to their increase in demand from customers. Furthermore, the new standard for industrial initiative fuels the development of the recycling of plastic packaging, and it is suitable for entering polypropylene (PP) recycling streams. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the market during the forecast period.
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APAC is estimated to contribute 47% 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. Some of the main factors that have significantly contributed to the growth of the market in APAC include the rapid growth in population, urbanization, and the construction industry.
Moreover, some of the main countries in APAC that fuel the market growth in the region include China, India, South Korea, Australia, and Japan. China is one of the key global suppliers in the global market as the cost of production is low in the country due to the low cost of manpower. In addition, there has been an increase in demand from the domestic market fuelled by the increasing construction activities. Hence, such factors are expected to drive the market growth in APAC during the forecast period.
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 solutions for applications such as furniture, construction and building.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Ardagh Group SA, BABA GROUP OF COMPANIES, Berlin Packaging LLC, Berry Global Inc., BWAY Corp., Can One Berhad, Dow Chemical Co., 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
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 market research report encompasses the entire market adoption cycle, ranging from the initial innovator phase to the subsequent laggard stage. It emphasizes adoption rates across various regions, determined by penetration levels. Additionally, the report outlines essential purchasing factors and factors influencing price sensitivity. This aids companies in assessing and formulating effective growth strategies.
Global Market Customer Landscape
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The Market is crucial for the coatings industry, with packaging materials playing a vital role in ensuring product quality and safety. Paint can manufacturers focus on packaging design to enhance the aesthetic appeal and functionality of their products. Increasingly, there's a shift towards sustainable packaging solutions to reduce the environmental impact of packaging materials.
Packaging innovations such as labeling solutions and packaging customization are driving market growth, along with stringent packaging regulations that emphasize packaging safety and durability. Suppliers in the paint packaging industry are also enhancing packaging logistics to ensure timely delivery and minimize disruptions.
Moreover, effective branding and marketing strategies are essential in this competitive market, highlighting the importance of attractive and functional packaging. As the industry evolves, paint packaging suppliers are expected to continue innovating to meet the changing needs of consumers and regulatory requirements.
Paints Packaging Market Scope |
|
Report Coverage |
Details |
Page number |
164 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.39% |
Market growth 2023-2027 |
USD 4,878.37 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.23 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 47% |
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 Chemical Co., 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 Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
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 Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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