The small paint pail market is set to witness a CAGR of 5.0% during 2021-2031. The initial do-it-better tool, the small paint pail, was created for efficient painting. The small paint pail, which is designed for both pros and DIY painters, has revolutionary features that make it easy to use, clean, and store.
What is Driving Demand for Small Paint Pail?
The paint pail features such as the curved section is designed to fit the hand, while the flat side is designed to fit the brush. A powerful magnet molded onto the inside of the cup mysteriously holds the brush up and out of the paint, which is a very creative feature of the pail (and catches any drips).
It’s simple to clean up – simply throw away the used vacuum-formed liner (and slip in a fresh one for next time). Such factors are expected to drive the demand for the product.
Trends in Small Paint Pail Likely to Augment Sales
Players in the market are focusing their efforts on creating more convenient and portable paint pails that can be transported anyplace. In addition, its long-lasting construction can withstand years of use with any paint or stain.
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For example, the HANDy 32-fl oz Paint Pail has a magnetic brush holder, an adjustable strap that makes it pleasant to carry, is solvent-resistant, has a brush scraper, and can be used with any paint or stain. Such offerings are expected to boost the sales.
Impact of Covid- 19 on Small Paint Pail Market
The outbreak of Coronavirus illness (COVID-19) in 2020 posed a significant challenge to paint pail manufacturers, as trade restrictions disrupted supply chains and demand decreased due to global government shutdowns.
National government efforts to halt the spread have resulted in a decline in economic activity, with some nations declaring a state of emergency, and the pandemic is expected to damage businesses well into 2020 and 2021. The small paint pail market, on the other hand, is expected to bounce back throughout the forecast period.
US and Canada Small Paint Pail Market Outlook
COVID-19 had a negative impact on the market in 2020. A disrupted global supply chain, as well as lower demand from a range of end-user industries, including the construction industry. Additionally, because paint pails are portable, the do-it-yourself movement is growing, encouraging people to purchase small paint pails.
Even amid the pandemic, the majority of people are upgrading their homes, allowing the players to earn more money. As a result of rising consumer interest in home renovations in the United States, demand for small paint pails is expected to increase in the region.
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Europe Demand Outlook for Small Paint Pail
The growing construction and infrastructure spending, as well as the increased use of exterior paints, are driving the small paint pail business in the region. Besides this, the increasing demand for wall decor by consumers is acting as the catalyst for the growth of the market.
Because of their strong structure and impact resistance, paint pails are extremely effective for keeping and transporting various types of paints. Furthermore, they are more durable than their competitors.
During the forecast period, the demand for paint pails is predicted to increase due to expanding population, rising disposable income, and improving people’s living standards. To improve the aesthetic appeal of buildings, a variety of paints are being used.
In comparison to its rivals, consumers prefer compact paint pails. The rise of small paint pail manufacturers is being aided by rising demand for paints in numerous industries such as automotive, general industry, marine, and furniture.
Key Segments
By Material:
- Polypropylene
- Plastic
- Metal
By End Use:
- Residential
- Commercial
- Industrial
By Item Weight:
- 4.8 ounces
- 3.06 ounces
- 15.2 ounces
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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