The paint cans market is predicted to be worth US$ 5,117.84 billion in 2023, and rise to US$ 7,680.93 billion by 2033. Initially, the global market was expanding at a CAGR of 3.1% from 2018 to 2022.
The need for paint cans to improve the aesthetic appeal of buildings has been fueled by the accessibility of a broad variety of external paints. Due to this, packaging products became widely used globally, increasing the market share.
The use of cationic electro coating chemicals in high-tech paints, which cover all the nooks and crannies of multifarious metal parts and prevent corrosion, is on the rise. This makes the manufacturers consider the technological aspects of the market.
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Transport-friendly paint cans are even more necessary due to the increased demand for them from ecommerce portals. Paint cans sales are projected to increase as a result of how much easier they are to transport than their alternatives.
Due to the industry’s expansion, there is now a great demand for paint cans in several fields, including residential and commercial buildings. Furthermore, these items gain traction as a result of market-driving applications like wood, coils, automotive & transportation, and industrial metals.
Key Takeaways
- By 2033, the United States is expected to show high potential in the paint cans market, with a size of US$ 2,284.01 billion and a CAGR of 2.2%.
- The paint cans market was significantly expanding, with a size of US$ 4,911.79 billion in 2022.
- Market shows amazing opportunities due to multiple applications, and expects an Y-o-Y growth rate of 4.2% in 2023.
- The expansion in China is anticipated to expand at an adequate CAGR of 5.3% by 2033.
- By 2033, Germany is likely to expand in the paint cans market, with a size of US$ 905.78 billion.
- By 2033, the paint cans sector is likely to increase in India, with a size of US$ 2,275.26 billion.
- The expansion in the United Kingdom is anticipated to expand at an adequate CAGR of 2.7% by 2033.
- Based on the product type, the metal cans expect a CAGR of 4.8% by 2033.
- Based on material type, metal continues to dominate the sector during the forecast period, with a CAGR of 4.9%.
- Based on the capacity, the 1001 to 2000 ml continues to dominate the sector during the forecast period, with a CAGR of 4.2%
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Key Companies Profiled
- Ball Corporation
- RPC Group Plc.
- Silgan Containers LLC
- Kian Joo Can Factory Berhad
- Colep Portugal, S.A.
- BWAY Corporation (MAUSER Packaging Solutions)
- National Can Industries Pty. Ltd.
- Allied Cans Limited
- Aaron Packaging, Inc.
- Allstate Can Corporation
- Lancaster Container, Inc.
- Baltic Packaging A/S
- Envases Universales Group
Key Segment
By Product Type:
- Metal Cans
- Plastic Cans
- Hybrid Cans
By Material Type:
- Plastic
o High-Density Polyethylene (HDPE)
o Polypropylene (PP)
- Metal
o Tin
o Steel
By Capacity:
- 1000 ml and below
- 1001 – 2000 ml
- 2001 – 3000 ml
- 3001 – 4000 ml
- 4001 ml and above
Regional Analysis:
- North America
o U.S.
o Canada
- Latin America
o Brazil
o Mexico
o Argentina
o Rest of Latin America
- Europe
o Germany
o Italy
o France
o U.K.
o Spain
o Benelux
o Russia
o Rest of Europe
- South & East Asia
o India
o Thailand
o Indonesia
o Malaysia
o China
o Japan
o South Korea
o Rest of South & East Asia
- Oceania
o Australia
o New Zealand
- Middle East and Africa (MEA)
o GCC Countries
o Turkey
o Israel
o Northern Africa
o South Africa
o Rest of MEA
- Emerging Countries
o China
o India
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