Global Paint Can Market - Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2030
The global Paint Can Market size was valued at USD 4.7 billion in 2022 and is projected to grow at a CAGR of 4.70% during the forecast period of 2022 to 2030.
Paint Can Market Overview:
Paint cans are one of the most common types of paint packaging and are used to store paints and coatings produced by various brands and companies. In many poor countries, paint is used as a protective cover against water and sun for walls and metal fixtures, and such paint is often needed in large paint buckets.
Paint Can market size estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Paint Can market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and other global crisis.
Significant Paint Can Market Dynamics and Growth Factors:
The increasing number of construction activities in the residential and commercial sectors and increasing growth in the real estate sector across the globe are creating enormous opportunities for the paint can industry in recent years:
Prior to the coronavirus pandemic, the construction sector had grown to a spending value of nearly $12 trillion and is expected to grow at a rate of 3% per year. This includes residential and commercial real estate development as well as infrastructure and industrial construction. Additionally, the United States is one of the world's leading construction sectors whose total new construction value has increased since the global financial crisis. Buenos Aires is expected to be one of the regions with the highest increase in construction costs between 2019 and 2020. In 2021, the Asia Pacific region is expected to record the world's largest construction output. Hence, these massively growing numbers are responsible for increasing the demand for paint cans due to improving business in the construction sector during the forecast period.
Consumers' improved demand for wall decoration and burgeoning demand for exterior paint applications create a broad spectrum of recent paint can applications:
The U.S. home décor market is expected to grow to $202 billion by 2024, up 20% from the current $169 billion. In the United States, IKEA, Wayfair, and Bed Bath & Beyond are leading home décor and furniture retailers. Also, the demand for paint packaging for outdoor paint applications is increasing. Exterior paint is becoming increasingly popular as a means of protecting the exterior surfaces of buildings from the elements. Additionally, these paints are becoming increasingly popular as waterproofing agents and are commonly used on exterior walls. Additionally, the availability of a variety of exterior paints has increased the demand for these products to improve building aesthetics. As a result of these variables, the packaging product is being used on a large scale across the globe, boosting the paint can market over the forecast period.
Strict rules and regulations for the use of plastic paint cans must exert enormous pressure on the accelerated growth of the paint cans market:
Plastic paint cans have dominated the packaging industry for many years due to their low cost, ease of manufacture and easy availability of raw materials. Additionally, the growing construction sector has recently further fueled the plastic paint cans market. However, due to the serious adverse effects of plastics on the environment, governments have come up with various stringent policies to reduce overconsumption of plastic materials in various industries. These regulations have recently hindered the paint can market and are expected to challenge the product's market growth over the forecast period.
- In April 2021, Mauser Packaging Solutions acquired Global Tank Srl through its Italian joint venture NCG-Maider. The acquisition will further expand the range of industrial packaging products and services offered in the Italian market, while strengthening the company's position as a global market leader in reconditioning.
- In June 2021, PPG had announced its collaboration with Tikkurila, a Leading Nordic Paint and Coatings Company. Customers will benefit from the merging of Tikkurila and PPG since they will access a larger range of new technology and resources.
The Paint Can market research report is categorized based on type, applications and region.
Market Key Players:
RPC Group Plc., Maharashtra Metal Works Private Limited, Silgan Containers LLC, Colep Portugal, BWAY Corporation, National Can Industries Pty. Ltd., Allstate Can Corporation, Aaron Packaging, Inc., LarSantin Printers, Lancaster Container, Krishna Can Makers, Kian Joo, Karshni Packs Private Limited, Illing Company, HuaTai Group, General Container, Canit, Alliedcans, Ball Corporation,and others.
- 1000 ml and below
- 1001 – 2000 ml
- 2001 – 3000 ml
- 3001 – 4000 ml
- 4001 ml and above
- Metal Cans
- Plastic Cans
- Hybrid Cans
By Material Type:
- High Density Polyethylene (HDPE)
- Polypropylene (PP)
Geographically, the global Paint Can market has been analysed in various regions such as North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA).
Asia Pacific dominates the paint can market due to rising construction activities, rapid urbanization and trend towards nuclear families.
Asia Pacific dominates the paint can market due to rising construction activities, rapid urbanization and trend towards nuclear families. Europe is also expected to witness the fastest growth rate owing to the reputation of various manufacturers and growing consumer demand for paints to enhance the beauty of property.
The European paint cans market is likely to grow significantly over the projected period as packaging containers become widely compulsory due to growing interest in developing environmentally friendly and sustainable paints.
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Paint Can Market report scope
Key Takeaways from this Paint Can Report
- Estimate Paint Can market potential through analysing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
- Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
- Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
- Get a quick viewpoint on the Paint Can market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
- Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
- Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Study the sales and distribution channels over key geographies to improve top-line revenues.
Frequently Asked Questions
What is the CAGR of the global Paint Can market?
The Paint Can Market is growing at a CAGR of 4.70% During Forecast Period.
Which region would offer high growth for vendors in the Paint Can market?
Asia Pacific dominates the paint can market.
Which Is the Most potential market segment?
By Capacity - 1000 ml and below, 1001 – 2000 ml, 2001 – 3000 ml, 3001 – 4000 ml, 4001 ml and above
By Product Type - Metal Cans, Plastic Cans, Hybrid Cans
By Applications - Coating, Adhesive, Chemical, Building, Painting
By Material Type - Plastic (High Density Polyethylene(HDPE), Polypropylene(PP)), Metal (Tin, Steel)
Which are the top industry players in the Paint Can market?
RPC Group Plc., Maharashtra Metal Works Private Limited, Silgan Containers LLC, Colep Portugal, BWAY Corporation, National Can Industries Pty. Ltd., Allstate Can Corporation, Aaron Packaging, Inc., LarSantin Printers, Lancaster Container, Krishna Can Makers, Kian Joo, Karshni Packs Private Limited, Illing Company, HuaTai Group, General Container, Canit, Alliedcans, Ball Corporation