Global Paint Packaging Market Is Expected Reach USD 29.7 Billion By 2026

03-Nov-2020 | Facts and Factors

Findings from Facts and Factors report “Paint Packaging Market By Product Type (Bag-in-box, Pouches, Liquid Cartons, Paperboard Container, Pet Bottles, Cans, and Others), Material (Metals, Polyethylene (PE), Polypropylene (PP), Polyethylene Terephthalate (PET), and Others), and By End-Use (Professional, and Consumer): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global paint packaging market in 2019 was approximately USD 22.1 billion. The market is expected to grow at a CAGR of 4.3% and is anticipated to reach around USD 29.7 billion by 2026.

Paints are widely used for shielding and protecting the buildings and structures from environmental impacts and harsh weather conditions. The rising demand for paints from the global construction industry is driving the paint packaging market. The increasing use of paints for protecting exterior structures and buildings to protect them from tough environmental conditions is one of the reasons behind the growth of the paint packaging market. There has been an increasing trend in the U.S. for import and export of paints in which the U.S. mainly imports the paints from Germany and Japan and exports the paints to Canada and Mexico. This has led to research and development of paint packaging solutions by key players of the paint packaging market to avoid spillage and damage during transportation and hence is boosting the U.S. as well as the global paint packaging market.

Browse the full “Paint Packaging Market By Product Type (Bag-in-box, Pouches, Liquid Cartons, Paperboard Container, Pet Bottles, Cans, and Others), Material (Metals, Polyethylene (PE), Polypropylene (PP), Polyethylene Terephthalate (PET), and Others), and By End-Use (Professional, and Consumer): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/paint-packaging-market

Cans category in product type segmentation dominated the product type segment in 2019 with a market share of more than 70% and is anticipated to continue its dominance in the forecast period due to increasing consumption of aluminum and aerosol cans. Cans provide a lightweight packaging solution and hence are preferred on a large scale than other packaging solutions. The pouches segment in product type segmentation is anticipated to grow significantly with the fastest CAGR of 5.4% in the upcoming years. This can be attributed to the growing preference of consumers for stand up pouches. Metals category dominated the material segment in 2019 and accounted for around 45% market share in the material segment. This growth can be attributed to the growing demand for aerosol cans. Professional category under end-use segmentation dominated the segment with a market share of around 90% in 2019. This can be attributed to the growing global construction industry and hence the growing demand for paint cans.

Asia Pacific region dominated the global paint packaging market in 2019 with a market share of more than 50% and is anticipated to continue its dominance in the forecast years due to the rapidly growing construction industry in the emerging countries such as India, China, and South Korea. The increasing consumption of industrial and building paints in the construction industry is boosting the Asia Pacific region market. North America region is anticipated to grow with the fastest CAGR in the forecast period due to growing sales of aluminum cans and aerosol cans from the retail sector.

Report Scope

Some of the leading players in the global market include

International Paper, Smurfit Kappa, Amcor Limited, Bemis Company, Inc., Mauser Group, Crown Holdings, Inc., HUBER Packaging Group GmbH, BWAY Corporation, The Dow Chemical Co., Tetra Pak International S.A., Mondi plc., WestRock Company, Orora Packaging Australia Pty Ltd, WestRock Company, Ball Corporation, RPC Superfos, PLZ Aeroscience, and others.

This report segments the paint packagingmarket as follows:

By Product Type Segmentation Analysis

• Bag-in-box
• Pouches
• Liquid Cartons
• Paperboard Container
• Pet Bottles
• Cans
• Others

By Material Segmentation Analysis

• Metals
• Polyethylene (PE)
• Polypropylene (PP)
• Polyethylene Terephthalate (PET)
• Others

By End-Use Segmentation Analysis

• Professional
• Consumer

By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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