PUBLISHER: Allied Market Research | PRODUCT CODE: 1298434
PUBLISHER: Allied Market Research | PRODUCT CODE: 1298434
The global paint packaging market was valued at $20.6 billion in 2022, and is projected to reach $30.4 billion by 2032, growing at a CAGR of 4.1% from 2023 to 2032.
Paints are widely used for shielding and protecting buildings and structures from environmental impacts and harsh weather conditions. Flexible packaging is used to preserve water-based paints, coatings, inks and wood preservation varnishes while minimizing product waste and the effect on the environment.
The surge in usage of product to protect the exterior surfaces of buildings from harsh weather conditions, availability of a wide spectrum of exterior paints, rise in need of packaging due to its advanced properties like tear puncture resistance, reusability, recyclability, and others, growth of the building and construction sector, rapid urbanization and growth in living standards of the consumers across the globe are some of the major as well as vital factors likely to augment the growth of the paint packaging market during the projected timeframe of 2023-2032. Rise in emphasis on high-quality products at low costs is projected to become the biggest and foremost challenge for the growth of the market.
The paint packaging market is divided on the basis of material, product, end-use industry, and region. On the basis of material, the market is classified into metals, polyethylene, polypropylene, polyethylene terephthalate, and others. On the basis of product, the market is segregated into cans and pails, pouches, bottles, and others. On the basis of end-use industry, the market is bifurcated into professional and consumer. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA.
The key players operating in the global paint packaging market are: Berry Global Inc., BWAY Corporation, Dow, Hitech Group, International Paper, KARSHNI PACKS PRIVATE LIMITED, Mold-Tek Packaging Ltd., Mondi, Smurfit Kappa and WestRock Company.