PAINT PACKAGING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
The global paint packaging market is estimated to be valued at USD 25.55 Bn in 2024. The market is expected to reach USD 34.45 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031. The global paint packaging market has been witnessing significant growth in the recent years. Paint packaging involves packing of paint, varnishes, enamels, and other coatings primarily used for homes and buildings to protect the product from damage, spillage, and contamination. Paint packaging ensures long shelf life of the product and protects it during transportation and storage. Packing is done in metal as well as plastic containers such as pails, buckets, cans, bottles, drums, and other custom shapes depending upon the type and quantity of paint. Factors such as growing construction industry, rising residential and commercial construction activities, and increasing paint consumption are fueling the demand for efficient paint packaging solutions globally.
Market Dynamics:
The key drivers propelling the growth of the global paint packaging market include rapid urbanization leading to rise in infrastructure development projects worldwide, boost in renovation and remodeling activities, growing do-it-yourself (DIY) trend, and increasing usage of protective and decorative coatings. Furthermore, shifting consumer preference towards eco-friendly and sustainable packaging materials along with stringent government regulations regarding the use of hazardous chemicals in packaging are creating new opportunities for biodegradable and recyclable packaging vendors. However, high initial costs of production and fluctuations in raw material prices are major challenges restraining the market growth.
Key Features of the Study:
- This report provides in-depth analysis of the global paint packaging market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global paint packaging market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Crown Holdings, Inc., Ball Corporation, RPC Group Plc, Greif, Inc., Mauser Packaging Solutions, Berry Global, Inc., Silgan Holdings Inc., Sonoco Products Company, PPG Industries, Inc., Sherwin-Williams Company, AkzoNobel N.V., BASF SE, Tikkurila Oyj, RPM International Inc., and Valspar Corporation
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global paint packaging market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global paint packaging market
Market Segmentation
Market Segmentation
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