The global Paint Can Market size was valued at USD 4.7 billion in 2022 and is projected to grow at a CAGR of 4.70% during the forecast period of 2023 to 2030.
Market Overview
The research firm Contrive Datum Insights has just recently added to its database a report with the heading global Paint Can Market .Both primary and secondary research methodologies have been utilised in order to conduct an analysis of the worldwide Paint Can Market . In order to provide a comprehensive comprehension of the topic at hand, it has been summed up using appropriate and accurate market insights. According to Contrive Datum Insights, this worldwide comprehensive report is broken up into several categories in order to present the data in a way that is understandable, succinct, and presented in a professional manner. Paint cans, or paint buckets, are one of the most widely used containers for storing paints and coatings of all kinds, and they are used by a wide variety of manufacturers. Paint is used as a protective cover against water and sun for walls and metal fixtures in many developing countries; therefore, large paint buckets are frequently required. Market size for paint cans is estimated in terms of sales volume (K units) and revenue (million USD) from 2017 through 2030, with 2022 serving as the base year. This study breaks down the worldwide Paint Can industry into distinct submarkets. We also provide regional product market sizes broken down by category, use case, and industry player. We factored in the consequences of COVID-19 and other international crises when calculating the potential size of the market.
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Segment Analysis
It encompasses the most important key players in the world’s various regions and contains them. In this research report, several different techniques that high-level industries have utilised to achieve their goals are discussed. In order to obtain a more in-depth analysis of a number of different businesses, player profiles of the most important top players have been developed. It is beneficial to have an understanding of the worldwide competition on both the domestic and international platforms.
It provides a detailed description of the drivers and opportunities in the Paint Can Market , which assists current customers and potential customers in gaining a clear vision and making decisions that are most effective for them. In order to discover the desired facts regarding the target market, various types of analysis models, such as Paint Can Market , are utilised. In addition to this, it includes a variety of different techniques for strategic planning, which encourages the way to define and develop the framework of the various industries. Epoxy, acrylic, polyester, alkyd, polyurethane (PU), and others are just some of the resins that have helped divide the market. For its fast drying time, excellent adhesion, flexibility, and relatively high resistance, acrylic resin has become the most popular type of resin used in paints and coatings. Acrylic’s rising popularity as an architectural coating for interior and exterior walls, windows, and panels is the primary factor propelling the market. Waterborne, solvent borne, powder coating, and other technologies make up some of the market’s subsegments. Increased demand from the automotive, furniture, plastics, wood, and printing inks sectors has given waterborne coatings a commanding market share. The benefits of waterborne coatings, such as zero VOC emissions, rapid drying time, and simple application, are what are driving the industry forward. The market is segmented into submarkets based on end-use, including those serving the marine, architectural, automotive refinish, automotive original equipment manufacturer (OEM), coil, general industry, industrial wood, protective coatings, and other sectors. During the anticipated time period, the architectural market segment is anticipated to maintain its prevailing position in terms of revenue and volume. Coatings and paints are widely used in the construction industry for both aesthetic and functional purposes, particularly for the protection of residential and commercial buildings from elements such as weather, UV rays, and other hazards. The growth of this market is anticipated to be fueled by the rising demand for these materials in numerous end-use applications, such as the building and automotive industries.
Capacity:
- 1000 ml and below
- 1001 – 2000 ml
- 2001 – 3000 ml
- 3001 – 4000 ml
- 4001 ml and above
By Product Type
- Metal Cans
- Plastic Cans
- Hybrid Cans
By Material Type:
- Plastic
- High Density Polyethylene (HDPE)
- Polypropylene (PP)
- Metal
- Tin
- Steel
Based on application, the Paint Can Market is segmented into:
- Coating
- Adhesive
- Chemical
- Building
- Painting
- Other
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Recent Development
By way of its Italian JV NCG-Maider, Mauser Packaging Solutions acquired Global Tank Srl in April 2021. After the purchase, the company’s offerings in the Italian market for industrial packaging will grow, and it will strengthen its position as a global market leader in reconditioning.
PPG had previously announced their partnership with Tikkurila, a leading Nordic paint and coatings company, in June 2021. With Tikkurila and PPG coming together, customers will have easier access to more cutting-edge tools and resources.
Regional Analysis
The global Paint Can market has been broken down by geography to include the following: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa (MEA). The rapid urbanization and increasing prevalence of nuclear families in the region have made Asia Pacific a top region for paint can sales.
The rapid urbanization and increasing prevalence of nuclear families in the region have made Asia-Pacific the most lucrative market for paint can manufacturers. The reputation of numerous European manufacturers and rising consumer demand for paints to enhance the beauty of property are both contributing factors to the region’s predicted rapid expansion. Over the forecast period, the European market for paint cans is expected to expand significantly as the widespread adoption of packaging containers becomes mandatory in response to the rising demand for environmentally friendly and sustainable paints.
Regional Paint Can Market coverage (Regional Status, Demand Forecast, Country Trends, etc.):
- North America, Europe, China, Japan, Southeast Asia, India.
- North America (USA, Canada, and Mexico).
- Europe (Germany, France, UK, Russia and, Italy).
- Asia-Pacific (China, Japan, Korea, India and, Southeast Asia).
Key segments covered in the Paint Can Market include:
- Paint Can Market Growth Drivers and Barriers.
- Market Trends, Market Opportunities, Porter’s Five Forces Analysis.
- Market Overview, Industry Development, Market Maturity, Value Chain Analysis.
- Regional and Country Level Analysis.
- Trends and Forecasts for Market Segments.
- Market Analysis and Various Recommendations.
- Key market forces.
Report Customization:
This report will be customized to your needs for additional data up to 5 companies or 5 countries or nearly 40 analyst hours.
https://www.contrivedatuminsights.com/product-report/paint-can-market-232688Key Market Participants in the Paint Can Market :
RPC Group Plc., Maharashtra Metal Works Private Limited, Silgan Containers LLC, Colep Portugal, BWAY Corporation, National Can Industries Pty. Ltd.
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