Paint Can Market | Contrive Datum Insights

Market Overview:

The Global Paint Can Market Size Was Valued At USD 4.7 Billion In 2022 And USD 6.78 Billion By 2030 At A CAGR Of 4.70% During The Forecast Period Of 2022 To 2030.

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Paint cans are secure, double-sealed containers used to store solvent-resistant paints, varnishes, and lacquers. Paint cans are one of the most common ways to package paints and coatings from different brands and companies. In many developing countries, metal fixtures and big paint cans are needed to protect walls from water and the sun. Also, the market's demand is boosted by the fact that paint cans are easy to find in emerging countries, where distribution networks are strong.

Paint cans are one of the most common ways to package and store paints and coatings made by different brands and companies. In many poor countries, walls and metal fixtures are covered with paint to protect them from the sun and water. These paints are often needed in large paint cans.

Market Dynamics:

Market Trends:

• Packaging Innovations

Changes have been made to the way paint cans are packaged to meet consumer needs and market needs. Some companies have added things like easy-open lids, pour spouts, and ergonomic handles to make their products easier to use and better for the user. Also, improvements in packaging technology have led to the creation of packaging methods that keep products better, such as better sealants and coatings that keep paints from leaking and make them last longer.

• Digital Integration

Changes have been made to the way paint cans are packaged to meet consumer needs and market needs. Some manufacturers have added things like easy-open lids, pour spouts, and ergonomic handles to make their products easier to use and better for the user. Also, improvements in packaging technology have led to the creation of packaging methods that keep products better, such as better sealants and coatings that keep paints from leaking and make them last longer.

Driving Factors:

• Rise in the Demand for Tough, Durable and Recyclable Containers

Metals are better than other plastics because they are rough and last for a long time. This is because the market is moving forward because more and more people want paint containers that are tough, recyclable, and can hold a lot of paint.

• Rapid Expansion of the Construction Industry Will Aid Market Growth

Most of the time, paints and coatings are used to protect and decorate buildings and other structures. There are new paints, sealants, primers, stains, and varnishes for the inside and outside of buildings. Architectural paints can be made to be odorless and more resistant to wear and tear. They also come in a variety of finishes, from flat to semi-gloss.

By 2030, the construction business is expected to have grown by about USD 8 trillion. The growth of the market is likely to be helped by a rise in building projects and government spending on a number of public infrastructure projects. Also, cutting-edge, advanced technologies are becoming the norm in the construction industry. The growth of the construction industry is also due in part to the growing use of Building Information Modeling (BIM), cloud, and collaboration computing.

As the industry grew, there was a huge need for the products in other fields, like commercial and residential construction. Also, the market for these products is growing because they are being used in more places, like coils, wood, industrial metals, transportation, and cars.

• Increasing Popularity of Wall Décor among Consumers

Wall decorations are becoming more and more popular among consumers, which will help the paint can market grow faster. The growth of the global market is also being driven by things like more paint jobs in automotive, marine, coil, wood, aerospace, rail, and package coatings.

Restraints/Challenges:

• Difficulty Obtaining Thin Films in Powder Coating

Powder coating is a great way to get coatings that are thick and smooth. Thin coatings, on the other hand, are hard to make. It is hard to control how fast and how much powder gets put on the substrate. Surface flaws are easy to hide when the coating is thicker. Thinner coatings tend to have more orange-peeled textures because not enough powder was added, the temperature or curing time wasn't long enough, or there wasn't enough pretreatment.

• Cost and Pricing Pressure

Price sensitivity and cost concerns can slow the growth of a market. The price of raw materials like steel or tinplate, which are used to make paint cans, can change over time. Printing, labeling, and customization, which are all part of the manufacturing process, can also add to the cost. Paint can manufacturers can also lose money because of competitive pricing pressures from other packaging options or low-cost imports.

• Environmental Concerns

Growing concerns about the environment and more rules about packaging waste and recycling can be hard on the paint cans market. Paint cans, especially those made of metal or plastic, add to trash and can hurt the environment if they are not recycled or thrown away properly. To ease these worries, manufacturers need to change their ways to be more environmentally friendly, invest in eco-friendly packaging materials, and deal with recycling and disposal problems.

Opportunities:

• Technological Advancements

When the paint cans market embraces new technologies, it can lead to new ideas and better ways of doing things. For example, putting smart packaging technologies like RFID tags or NFC labels on a product can make it easier to track, verify, and interact with the product. Using automated manufacturing processes and quality control systems can increase productivity and cut costs.

• E-commerce and Online Sales

The growth of e-commerce and online sales channels gives paint can makers a chance to reach more people and serve a bigger customer base. Paint cans can be sold on online platforms more easily if they come in packages that are optimized for e-commerce. These packages should have secure closures, protective features, and efficient shipping dimensions.

• Collaboration with Paint Manufacturers

When you work closely with paint makers, you can create synergies and find new ways to grow. By understanding their packaging needs, pain points, and market trends, manufacturers of paint cans can come up with custom solutions and form long-term partnerships. This can be done through co-branding, joint product development, or agreements to supply only one company.

Strategic Development:

• In April 2021 - Mauser Packaging Solutions bought Global Tank Srl through its joint venture in Italy, NCG-Maider. With this purchase, the company will be able to offer more industrial packaging products and services on the Italian market. It will also strengthen its position as the world's market leader in reconditioning.
• In June 2021 - PPG and Tikkurila, a leading Nordic paint and coatings company, said that they would work together. When Tikkurila and PPG join forces, customers will have access to a wider range of new technologies and resources.
• In February 2022 - The Interpon Futura Collection, which has three trendy new color schemes like Soft Abstraction, Merging World, and Healing Nature. The series helps AkzoNobel's larger program to be more environmentally friendly, and it doesn't give off any solvents or volatile organic compounds.
• In February 2022 - PPG decided to buy the powder coatings division of Milan, Italy-based industrial coatings company Arsonsisi. Aronsisi is a well-known company that makes powder coatings for industrial and architectural uses.
• In February 2022 - H.B. Fuller Company bought Apollo, a U.K. company that made liquid adhesives, coatings, and primers for the roofing, industrial, and construction industries.
• In August 2021 - PPG released powder coatings called PPG ENVIROCRON PCS P4 for use on furniture, home decor, and building projects. This newest generation of powder coatings meets the growing demand for matte and premium-textured surfaces in a wide range of applications, from urban and office furniture to aluminum and steel substrates for building construction.

Key Vendors:

Top market players are

• RPC Group Plc.

RPC Group Plc owns and runs a company that designs and engineers plastic products all over the world. It has two different areas of business: packaging and non-packaging. The Packaging segment designs plastic packaging for markets like food, beverages, personal care, and healthcare. It also designs and makes other plastic products, like paint pots and vaping accessories.

• Silgan Containers LLC

Silgan Containers is the largest company in the United States that makes metal food containers. The most well-known brands in America trust us, and our reputation is built on quality, excellence, and technical expertise that can't be beat.

• Colep Portugal

Colep Consumer Products is a global player in the Beauty and Personal Care, Homecare, and Over-the-Counter (OTC) pharmaceutical markets. It helps its customers all over the world by providing full-service manufacturing, supply chain and logistics, and ready-to-go solutions.

• BWAY Corporation

BWAY Corporation is the largest maker of steel containers for the general line segment of the metal container industry in North America. The company's main products are a wide range of steel cans and pails used to package paint and related products, lubricants, cleaners, roof and driveway sealants, food, and consumer goods.

• National Can Industries Pty. Ltd.

National Can Industries Pty Ltd, which does business as NCI Packaging, is a privately owned company in Australia that makes and sells plastic and metal packaging.

• Allstate Can Corporation

Metal containers are made by the Allstate Can Corporation. The company sells Hermetic cans as well as decorative, seamless, hinged, and window tins. Customers in Nevada and New Jersey can get insurance from Allstate.

• Aaron Packaging Inc.

In 1992, Aaron Packaging Inc. began. The company does business by selling non-durable goods in large quantities.

• Lancaster Container

Packaging and industrial supplies are sold by Lancaster Packaging, Inc. The company offers both standard packaging supplies and custom packaging design services.

• Kian Joo

Kian Joo Group is one of the top companies in Malaysia that makes corrugated boxes and die-cut trays. At every stage of production, from getting the raw materials (paper) to printing, die-cutting, and finishing the cartons, high-tech testing equipment is used to make sure that the cartons and trays are of the highest quality.

Segmentation Analysis:

The market is segmented on the basis of material, size, end-user and region.

By Material:

Cans Made of Metal: This section has paint cans made of tinplate or steel. Metal cans are known for being long-lasting, resistant to corrosion, and good at protecting their contents.

Plastic Cans: This section has paint cans made of high-density polyethylene and other plastics (HDPE). Plastic cans are light, hard to dent, and can be made in many different ways.

Composite Cans: In this section, you'll find paint cans made of a mix of materials, like cardboard and plastic, that offer a good balance between strength and cost.

• Cans Made of Metal
• Plastic Cans
• Composite Cans

By Size:

Small Cans: Most of the time, these are smaller cans that can hold sample paints, touch-up paints, or smaller amounts of paint.

Standard Cans: This section is for cans that come in standard sizes and are often used to package paints and coatings in many different industries.

Large Cans: These are bigger cans that are often used in industrial settings or for painting in bulk.

• Small Cans
• Standard Cans
• Large Cans

By End-User:

Architectural/Decorative Paints: This segment includes paint cans specifically designed for packaging interior and exterior paints used in residential, commercial, and institutional construction projects.

Automotive Paints: This segment focuses on paint cans catering to the automotive industry, including cans used for packaging automotive coatings, touch-up paints, or spray paints.

Industrial Paints: This segment encompasses paint cans used for industrial applications, such as packaging paints and coatings for machinery, equipment, appliances, or metal structures.

DIY/Home Improvement: This segment targets paint cans catering to do-it-yourself consumers engaged in home improvement projects, craft painting, or small-scale paint applications.

• Architectural/Decorative Paints
• Automotive Paints
• Industrial Paints
• DIY/Home Improvement

Regional Insights:

The global paint can market has been broken down by geography into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa (MEA).
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Asia-Pacific is the biggest market for paint cans because building is getting more popular, cities are growing quickly, and more people are choosing to live alone.

Asia-Pacific is the biggest market for paint cans because building is getting more popular, cities are growing quickly, and more people are choosing to live alone. Europe is also expected to have the fastest growth rate because of how well-known different manufacturers are and how many people want to paint their homes to make them look better.

Over the next few years, the European paint cans market is likely to grow by a lot. This is because more and more people are interested in making paints that are better for the environment and last longer.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Scope of Report:

Conclusion:

• The report's scope includes a detailed look at the Global Gable Top Packaging Market in different parts of the world.
• The report talks about the outlook for competition, including the market share and company profiles of the major players in the Global Cloud Managed Services Market.
• The market research comes with information about the main things that drive, stop, or create opportunities in the market.