The paint packaging market has been witnessing a soaring demand from exterior paint application. Exterior paints are being increasingly used to protect the exterior surfaces of buildings from harsh weather conditions. While being widely employed for exterior walls, these paints are also gaining popularity as waterproofing agents. Furthermore, the availability of a wide spectrum of exterior paints has driven the demand for these products to enhance the aesthetic appeal of buildings. Such factors have necessitated the large-scale application of packaging products across the globe.
Market Analysis and Insights: Global Paint Packaging Market
Due to the COVID-19 pandemic, the global Paint Packaging market size is estimated to be worth US$ 20910 million in 2022 and is forecast to a readjusted size of US$ 26610 million by 2028 with a CAGR of 4.1% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Metal accounting for % of the Paint Packaging global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Professional Use segment is altered to an % CAGR throughout this forecast period.
The growing demand for tough and durable containers that accommodate a sizable quantity of paint (professional) has driven the segment over the past few years. In this regard, large format of packaging containers such as pails, cans, and bag-in-box has been extensively used across the globe. Unlike aesthetically-appealing packaging products/containers in consumer segment, packaging products under professional segment are preferred for their properties such as impact and chemical resistance. These products are supplied in a standard format to facilitate easy transportation. Their easy stackable design occupies lesser space and also aids in safe transportation.
Global Paint Packaging Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Paint Packaging Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Material and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Material
Metal
Polyethylene Terephthalate (PET)
Polyethylene (PE)
Polypropylene (PP)
Others
Segment by Application
Professional Use
Indivisual Consumer
By Company
Smurfit Kappa
DowDuPont
International Paper
Mondi plc
Amcor Limited
WestRock Company
Amcor
Orora Limited
Tetra Pak International
Mauser Group
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina