Paint Can Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Paint Can Market is segmented By Type (Plastic Cans, Hybrid Cans), By Material (Plastic, Metal, Tin, Steel), By Capacity (1000 ml and below, 1001 – 2000 ml, 2001 – 3000 ml, 3001 – 4000 ml, 4001 ml and above), By End-User (Building, Chemical, Painting, Others), By Region (North America, Europe, South America, Asia-Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Paint Can Market Size

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 4.70% within the forecast period (2024-2031).

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.

Paint Can Market Summary

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Paint Can Market Trends

The 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 per cent 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 décor 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 décor 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.

Paint Can Market Segment Analysis

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 aluminium, steel, and tin. For a variety of reasons, metals are favoured over other plastic materials that many paint manufacturers favor for their 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.

Paint Can Market Geographical Share

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.

Paint Can Market Companies and Competitive Landscape

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.

• For instance, in March 2017, Ball Corporation has announced the sale of its paint and the general line can manufacturing facility in Hubbard, Ohio, to U.S.-based BWAY Corporation.

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-

• Metal Paint cans – The product is ideal for coatings, paints, adhesives and other applications, and metal cans have been embraced for years by large, medium and small manufacturers alike. Furthermore, the breadth and depth of  paint can line has the company apart from other industries

Key Development:

• In April 2021, Mauser Packaging Solutions acquired Global Tank Srl through Joint Venture NCG-Maider in Italy. The acquisition will further extend the offering of industrial packaging products and services in the Italian market while strengthening the Company's position as the global market leader in reconditioning.

Why Purchase the Report?

• Visualize the paint cans market segmentation by type, material type, capacity, end-user, region and highlight key commercial assets and players.
• Identify commercial opportunities in the paint cans market by analyzing trends and co-development deals.
• Excel data sheet with thousands of data points of paint cans market-level segmentation.
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the key product of all major market players

The global paint cans market report would provide access to an approx: 69 market data table, 64 figures and 180 pages.

Target Audience 2024

• Service Providers/ Buyers
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Research Professionals
• Emerging Companies
• Manufacturers