Paint Packaging Market Worth to Reach USD 29.7 Billion By 2026
According to the report, The global paint packaging market in 2019 was approximately USD 22.1 billion. The market is expected to grow at a CAGR of 4.3% and is anticipated to reach around USD 29.7 billion by 2026.
Paints are widely used for shielding and protecting the buildings and structures from environmental impacts and harsh weather conditions. The rising demand for paints from the global construction industry is driving the paint packaging market. The increasing use of paints for protecting exterior structures and buildings to protect them from tough environmental conditions is one of the reasons behind the growth of the paint packaging market. There has been an increasing trend in the U.S. for import and export of paints in which the U.S. mainly imports the paints from Germany and Japan and exports the paints to Canada and Mexico. This has led to research and development of paint packaging solutions by key players of the paint packaging market to avoid spillage and damage during transportation and hence is boosting the U.S. as well as the global paint packaging market.
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The paint packaging market research report delivers an acute valuation and taxonomy of the paint packaging industry by practically splitting the market on the basis of different product types, materials,end-uses, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the paint packaging industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the paint packaging industry is provided for the leading economies of the world.
The paint packaging market is segmented based on product type, material, and end-use. On the basis of product type segmentation, the market is classified into bag-in-box, pouches, liquid cartons, paperboard containers, pet bottles, cans, and others. In terms of material segmentation, the market is bifurcated into metals, Polyethylene (PE), Polypropylene (PP), Polyethylene Terephthalate (PET), and others. On the basis of end-use segmentation, the market is classified into professional, and consumer.
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Some of the essential players operating in the paint packaging market, but not restricted to include International Paper, Smurfit Kappa, Amcor Limited, Bemis Company, Inc., Mauser Group, Crown Holdings, Inc., HUBER Packaging Group GmbH, BWAY Corporation, The Dow Chemical Co., Tetra Pak International S.A., Mondi plc., WestRock Company, Orora Packaging Australia Pty Ltd, WestRock Company, Ball Corporation, RPC Superfos, PLZ Aeroscience, and others.
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