Global Paint Can Market – Industry Trends and Forecast to 2029

Global Paint Can Market, By Type (Metal Paint Cans, Plastic Paint Cans), Application (Chemical, Building, Painting, Other) – Industry Trends and Forecast to 2029.

Global Paint Can Market Analysis and Size

Paint cans are packaging containers used to hold solvent-resistant paints, varnishes, and lacquers that feature a secure, double-seal design to prevent leakage. Paint cans are one of the most prevalent types of paint packaging, carrying various brands and firms' paints and coatings. In many developing countries, paint is needed to protect walls from water and the sun, metal fixtures, and big paint cans are necessary. Furthermore, the market's demand is boosted by the simple availability of paint cans in emerging countries due to robust distribution networks.

• Data Bridge Market Research analyses that the paint can market was valued at USD 4.7 billion in 2021 and is expected to reach USD 6.79 billion by 2029, registering a CAGR of 4.70% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.

Global Paint Can Market Definition

Paint cans are among the most common types of paint packaging, and they're used to store paints and coatings produced by various brands and companies. In many poor countries, paints are utilized as a protective covering against water and sun for walls and metal fixtures, and these paints are frequently required in large paint cans.

Report Scope and Market Segmentation

Paint Can Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Rise in the demand for tough, durable and recyclable containers

Because of their roughness and long shelf life, metals are favoured over other plastic materials. This is due to the growing demand for rugged, durable, and recyclable containers that can hold a lot of paint, which is propelling the market forward. 

• Increasing popularity of wall décor among consumers

The increasing popularity of wall décor among consumers will enhance the growth rate of paint can market. Increased paint operations in automotive, marine, coil, wood, aerospace, rail, and package coatings, among other things, are also fueling the global market's rise.

Furthermore, rising urbanization, and increasing level of disposable income will drive 'market's growth. Also, increasing awareness about the negative impact of plastic products coupled with various features provided by metal cans will cushion the growth rate of paint can market. Another significant factor influencing the 'market's growth rate is the strict government regulations associated with the use of plastic paint cans.

Opportunities

• Increase in number of households in developing countries and expansion of construction industry

The worldwide paint cans market is likely to rise strongly due to rapid growth in the construction industry and an increase in the number of households in emerging nations such as China, India, and Brazil, which are expected to offer lucrative prospects throughout the forecast period.

The surging level of investment in new product launches in the paint industry by leading players will boost new market opportunities for themarket's growth rate. Moreover, rise in strategic collaborations and emerging new markets will act as market drivers and further boost beneficial opportunities for the 'market's growth rate.

Restraints/ Challenges Global Paint Can Market

On the other hand, the increasing availability of cost-effective substitutes to paints in the market will impede the 'market's growth rate. Along with this, fluctuating prices of raw material will further limit the growth rate of market. The negative impact of COVID-19 outbreak on supply chain will act as market restraint and further challenge the market growth rate.   

This paint can market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the paint can market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Paint Can Market

The current COVID-19 pandemic had a significant impact on the worldwide paint can business. Because of the growing worry about the spread of coronavirus, the manufacturing and construction industries have been subjected to stringent controls. The COVID-19 outbreak had a negative impact on the building industry. In addition, the demand for paint cans is strongly related to the increase of construction and infrastructure development. Paint can productivity was also affected by restrictions on employee movement and a brief suspension of manufacturing plants. As a result, manufacturing value chains were disrupted during the pandemic period. However, during the projected period, the global market is expected to rise due to the relaxation of restrictions and the resumption of construction activity.

Recent Development

• 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.

Global Paint Can Market Scope

The paint can market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Metal Paint Cans
• Plastic Paint Cans

On the basis of type, the paint can market is segmented into metal paint cans and plastic paint cans.

Application

• Chemical
• Building
• Painting
• Other

The paint can market is also segmented on the basis of application into chemical, building, painting and other

Paint Can Market Regional Analysis/Insights

The paint can market is analysed and market size insights and trends are provided by country, type and application as referenced above.

The countries covered in the paint can market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.

Asia-Pacific dominates the paint can market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the increasing urbanization and shift to nuclear families promoting construction in this region. 

Europe, on the other hand, is projected to exhibit the highest growth rate during the forecast period of 2022 to 2029 due to the increasing focus on the production of environment-friendly and supportable paints by major players of this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Paint Can Market Share Analysis

The paint can market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to paint can market.

Some of the major players operating in the paint can market are:

• AkzoNobel N.V. (Netherlands)
• PPG Industries Inc. (U.S.)
• The Sherwin-Williams Company (U.S.)
• RPM International Inc. (U.S.)
• Nippon Paint (Japan)
• Ardagh Group S.A (Luxembourg)
• Ball Corporation (U.S.)
• Berry Global Inc. (U.S.)
• Silgan Containers. (U.S.)
• Kian Joo Can Factory Berhad (Malaysia)
• BWAY Corporation (U.S.)
• Allstate Can Corporation (U.S.)
• SEYMOUR OF SYCAMORE (U.S.)
• NCI Packaging (Australia)
• AlliedCans. (Canada)
• GRUPO RAR (Porto)
• Baltic Packaging ApS (Denmark)
• Lancaster Container, Inc (U.S.)
• Aaron Packaging (U.S.)

Research Methodology : Global Paint Can Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The stage includes the obtainment of market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis.

To know more about the research methodology, drop in an inquiry to speak to our industry experts 

https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-paint-can-market