The global paint can market is valued at US $ 4.7 billion in 2021 and is projected to record modest growth over the next decade. Sustainable demand for paint cans in the construction and wall decoration segments will boost paint can sales at a steady pace over the next few years , as shown in a new report released by Future Market Insights (FMI) . ..
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The FMI report contains detailed competitive conditions, including profiles and ratings of paint can manufacturers operating in the global paint can market. Major manufacturers of profiled paint cans include Ardagh Group, SA, Ball Corporation and RPC Group Plc. , Silgan Containers LLC, Kian Joo Can Factory Berhad, Colep Portugal, SA, BWAY Corporation (MAUSER Packaging Solutions), National Can Industries Pty. Ltd is included. .. , Allied Cans Limited, Aaron Packaging, Inc., Allstate Can Corporation, Lancaster Containers, Inc., Baltic Packaging A / S, Envases Universales Group, P. WilkinsonContainers Ltd., Sarten Ambalaj Sanayi Ve Ticaret AS, and KW Plastic Inc.
Applications in construction and wall decoration will continue to be major growth drivers
A significant portion of the demand for paint cans is generated by the construction sector, so there is a need for high capacity packaging solutions. This is achieved with plastic containers and buckets that have a capacity well over 5000 ml. The 5 gallon container of latex paint on the market comes in a plastic container. Plastic buckets and bulk containers help reduce the weight of the package and ensure user convenience. High demand for hard plastic pail in the construction sector can, to some extent, hinder the growth of the global paint can market.
By product type:
- Metal can
- Plastic can
- Hybrid can
By material type:
- High Density Polyethylene (HDPE)
- Polypropylene (PP)
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The building and construction sector is expected to grow steadily over the next few years, especially in high-growth countries such as Brazil, India and China. Also, an increase in the number of new construction projects and households is expected to boost the growth of the wall paint market, which in turn is expected to represent a favorable opportunity for the global paint can market during the forecast period. ..
China is expected to generate the largest incremental $ opportunity in the paint can market by the end of the forecast period. India’s strong economic growth is a major driver of the local paint industry. India’s paint consumption has recorded double-digit numbers over the past few years, making it very attractive in terms of the growth rate of the paint can market.
The continued expansion of the building and construction industry in countries such as Indonesia, Thailand, South Korea and Japan could represent huge growth opportunities for the paint can market during the forecast period. Overall, the Southeast Asian region is projected to witness significant growth in the paint can market throughout the forecast period.
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Highly recyclable quotient maintains sales of metal-painted cans
Paint cans are widely used to store paint. In fact, they are the most dominant form of packaging solution used in paints. Metal paint cans are generally preferred due to their high recyclability. However, there are certain convenience-related factors that can hinder the growth of metal-painted can adoption. This includes problems such as rust on the paint can and can damage the paint inside.
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