NEW YORK, Dec. 1, 2023 /PRNewswire/ — The Paints Packaging Market size is expected to grow by USD 4.88 billion from 2022 to 2027, accelerating at a CAGR of 4.39% during the forecast period, according to Technavio. Growing demand for paints and their derivatives is notably driving the paints packaging market. However, factor such as fluctuating prices for raw materials used in paint packaging may impede market growth. We provide a detailed analysis of 20 companies operating in the paints packaging market including Amcor Plc, Ardagh Group SA, BABA GROUP OF COMPANIES, Berlin Packaging LLC, Berry Global Inc., BWAY Corp., Can One Berhad, Dow Chemical Co., Envases Group, Greif Inc., Inno Pak Inc., Involvement Ltd, Mangla Metal Pvt. Ltd., Mold Tek Packaging Ltd., Mondi Plc, MUTHA PLASTIC INDUSTRIES, National Can Industries Pty Ltd., Reliance Plastic Containers, Silgan Holdings Inc., and Sun Packaging. The report offers an up-to-date analysis of the market, and to know the exact growth variance and the Y-O-Y growth rate, Request Sample Report
Paints Packaging Market 2023-2027: Company Analysis
Amcor Plc: The company offers paints packaging solutions for applications such as furniture, construction, and building.
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Paints Packaging Market 2023-2027: Segmentation
Product
- Cans and pails
- Pouches
Material
- Rigid plastic
- Metal
The cans and pails segment is expected for substantial expansion during the forecast period. As a longstanding packaging form within the global paints packaging market, this segment offers durability and robust protection for a diverse array of paint and coating products. Its versatility in sizes and materials empowers paint manufacturers to meet the demands of both consumers and industrial requirements.
Geography
- APAC
- Europe
- North America
- South America
- Middle East and Africa
The APAC region is expected to contribute approximately 47% to the global market’s growth during the forecast period. Analysts at Technavio have outlined how regional trends, including rapid population growth, urbanization, and a booming construction industry, drive the paints packaging market in APAC. Key countries like China, India, South Korea, Australia, and Japan significantly influence this market, with China standing out as a major global supplier due to its low production costs and increasing domestic demand driven by construction activities. Overall, these factors are expected to boost the market growth in APAC during the forecast period.
Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View PDF Sample Report
Paints Packaging Market 2023-2027: Key Highlights
- Historic Market Size 2017-2021
- CAGR of the market during 2023-2027
- Detailed information on factors that will assist paints packaging market growth during the next five years
- Forecasts on upcoming trends and changes in consumer behavior
- The growth of the paints packaging market
- Analysis of the competitive landscape and detailed information on companies
- Comprehensive details of factors that will impede the growth of paints packaging market companies
Related Reports:
Paints and Coatings Market: The paints and coatings market size is estimated to grow at a CAGR of 3.15% between 2023 and 2028. The market size is forecast to increase by USD 42.14 billion.
Thermochromic Paint Market: The thermochromic paint market size is estimated to grow at a CAGR of 5.47% between 2023 and 2028. The market size is forecast to increase by USD 531.44 million.
TOC:
- Executive Summary
- Market Landscape
- Market Sizing
- Historic Market Sizes
- Five Forces Analysis
- Market Segmentation by Product
- Market Segmentation by Material
- Market Segmentation by Geography
- Customer Landscape
- Geographic Landscape
- Drivers, Challenges, & Trends
- Company Landscape
- Company Analysis
- Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
