Global Paint Can Market - 2021-2028
近年来，住宅和商业领域建筑活动的增加以及房地产领域的增长为油漆罐行业创造了不可估量的机会。在冠状病毒流行之前，建筑业的支出已增至约 12 万亿美元，预计将以每年 3% 的速度继续增长。该领域包括房地产开发，如住房和商业设施，以及基础设施和工业建设。
此外，美国拥有世界上最大的建筑部门之一，自全球金融危机以来，新建筑的数量有所增加。布宜诺斯艾利斯预计将成为 2019 年至 2020 年建筑成本增长率最高的国家之一，到 2021 年，亚太地区的建筑产出预计将成为全球最高。因此，这些巨大的增长推动了对油漆罐的需求，以在预测期内改善建筑行业的业务。
The global paint can market size was worth US$ XX billion in 2020 and is estimated to record significant growth by reaching up to US$ XX billion by 2028, growing at a CAGR of XX% within the forecast period (2021-2028).
Paint cans are one of the most common types of paint packaging, and they are used to store paints and coatings manufactured by many brands and firms. In addition, in many emerging countries, paints are utilized as a protective covering against water and sun for walls and metal fixtures, and these paints are frequently required in large paint cans.
Improving number of construction activities in the residential and commercial sector, rising growth of the real estate sector across the globe are creating immense opportunities for the paint cans industry in recent times.
Before the coronavirus epidemic, the construction sector had grown to a spending value of almost 12 trillion dollars, and it is predicted to increase at a three percent annual rate. This comprises real estate developments, both residential and commercial, as well as infrastructure and industrial constructions. Furthermore, the United States has one of the world's major construction sectors, with total new construction value increasing since the global financial crisis. Buenos Aires is predicted to experience one of the highest increases in construction expenses between 2019 and 2020. In 2021, Asia Pacific is predicted to have the world's largest construction output. Thus, these tremendously rising numbers are responsible for boosting the demand for paint cans owing to improving the business of the construction sector in the forecast period.
Improved demand for wall decors by the consumers and soaring demand from exterior paint application creates a wide spectrum for paint cans application in recent times.
The home decor market in the United States is expected to reach 202 billion dollars in 2024, up 20% from its current value of 169 billion dollars. In the United States, IKEA, Wayfair, and Bed Bath & Beyond are among the top home decor and furnishing retailers. Furthermore, the demand for paint packaging from outdoor paint applications has been on the rise. Exterior paints are becoming more popular as a means of protecting buildings' exterior surfaces from the elements. In addition, these paints are becoming increasingly popular as waterproofing agents and are commonly used for external walls. Furthermore, the availability of a wide range of external paints has fueled demand for these goods to improve building aesthetics. As a result of these variables, packaging products are being used on a big scale worldwide, leading to an improved paint cans market in the forecast period.
Stringent rules and regulations on the usage of plastic paint cans have to build immense pressure on the accelerating growth of the paint cans market
Plastic paint cans have been ruling the packaging industry for many years due to cost affordability, easy manufacturing and easy availability of raw materials. In addition, the growing construction sector has further accelerated the plastic paint cans market in recent times. However, due to the severe side effects of plastic on the environment government has come up with various strict policies to reduce the overconsumption of plastic material in different industries. These regulations have hampered the paint cans market in recent times and are expected to challenge the product's market growth in the forecast period.
COVID-19 Impact Analysis
COVID-19 had a negative effect on the market in 2020. China is one of the prime hubs for the construction industry and a prime importer and exporter of construction raw materials. However, the outbreak of covid-19 has shut down various construction units in China and across the globe leading to dropping the market demand for paint cans during the 2019-2020 period. Furthermore, apart from the construction industry, automotive industry, paint industry, the packaging industry has shown a sharp drop in the manufacturing units leading to hampering the paint cans market in the pandemic phase. However, conditions are expected to improve in the coming months, thus uplifting the global market of paint cans in the forecast period.
The global paint cans market is segmented based on type, material type, capacity, end-user, and region.
Many paint manufacturers favor metal packaging for a variety of reasons, including its toughness and long shelf life.
In terms of type, the global paint cans market is segmented into metal and plastic cans based on material type. Despite the high cost, metal paint cans remained the high market shareholding segment in recent times. Paint cans are the most common type of paint container worldwide. Paint cans have come in various shapes and sizes over the years, with metal being the most common material. Metal paint cans accounted for more than 90% of all paint storage containers until the early 2000s. The most widely used metals in the creation of packaging products are aluminum, steel, and tin. For a variety of reasons, metals are favored over other plastic materials that many paint manufacturers favor for its toughness and long shelf life.
However, the popularity of plastic and hybrid paint cans began to rise, resulting in a substantial shift in consumer preference for plastic paint cans. They are less heavy than metal paint cans. Plastic paint cans were also immediately popular since they are simple to decorate and can be used as effective brand promotion tools. Plastic paint cans are also environmentally friendly.
Asia-Pacific dominates the paint cans market due to the increasing percentage of construction activities, rapid urbanization, and rising trends of nuclear families.
Asia-Pacific dominates the paint cans market due to the increasing percentage of construction activities, rapid urbanization, and rising trends of nuclear families. Furthermore, due to the prominence of diverse manufacturers and increased consumer demand for the paint to improve the beauty of their property, the European region is predicted to have the fastest growth rate.
Due to an increased focus on the development of environmentally friendly and sustainable paints, which has mandated packing containers on a wide scale, the European paint cans market is likely to rise significantly over the projected period.
The paint cans market is highly fragmented, with the presence of local as well as global companies. Some of the key players contributing to the market's growth include Ball Corporation, BWAY Corporation (MAUSER Packaging Solutions), Kian Joo Can Factory Berhad, Allstate Can Corporation, National Can Industries Pty. Ltd, Envases Universales Group, Allied Cans Limited, Silgan Containers LLC, Lancaster Container, Inc. and others.
The major players adopt several growth strategies such as product launches, acquisitions, and collaborations, contributing to the global paint cans market's growth. In addition, the key manufacturers are following expansion and collaboration as the key strategy to build revenue for the company.
Mauser Packaging Solutions.
Overview: The company is formed in 2018 by packaging industry leaders BWAY, MAUSER Group, National Container Group (NCG) and Industrial Container Services (ICS). The company is offering 180+ facilities packaging around the globe covering different applications such as food, beverage, personal care and pharmaceuticals to chemicals, petrochemicals, agrochemicals and paints
Product Portfolio: The company has a product portfolio of paint cans, which includes-
The global paint cans market report would provide access to an approx: 69 market data table, 64 figures and 231 pages.
Target Audience 2022
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