Paints Packaging Market Size, Share, and Industry Analysis By Material (Plastic, Metal, Paper & Paperboard, and Others), By Product Type (Cans & Pails, Bottles, Containers, and Others), By End Use (Food & Beverages, Pharmaceuticals, and Others), and Regional Forecast, 2024-2032

Paint packaging is the process of packaging paints & primers to protect them and make them safer and easier to dispense. Paint packaging products are well-designed to prevent paint from leaking and polluting the environment. They generally come with an airtight lid or seal that prevents airborne dust and impurities from entering the packaging. Spillage of paint and chemicals can harm the environment, and as the paint packaging offers a snap closure system, which creates an airtight seal, it is gaining huge traction.  

• For instance, in October 2023, PPG announced that DYRUP PPG had launched an innovative & new “bag-in-a-box” packaging for its Dyrup Wall Extra Covering paint. The packaging is made from 75% recyclable & biodegradable materials.

The rapidly growing building & construction industries worldwide are the primary factors driving the global paints packaging market. Moreover, the rising customization alternatives offered by the paint manufacturers have boosted the growth of the paint industry, leading to market growth. In addition, the availability of a broad range of exterior paints to improve the aesthetic appeal of buildings also contributes to the growth of the global paint packaging market.

The fluctuating prices of the raw materials used to manufacture paint packaging products are the major factors impeding market growth. The polymers used to develop plastic packaging are derived from crude oil and the volatility in crude oil prices is impacting the prices of polymers, further hindering the growth of the paint packaging market.

The COVID-19 pandemic critically impacted the growth of various end-use sectors worldwide. The paint manufacturing industry also witnessed a decline in sales during the emergence of the virus. The sudden decline in sales in the paint industry and the unavailability of raw materials and labor during the pandemic hindered market growth.

KEY INSIGHTS

The report covers the following key insights:

• Recent Advancements in the Paints Packaging Market


• Key Industry Trends


• Regulatory Landscape for the Paints Packaging Market


• Key Industry Developments (Mergers, Acquisitions, and Partnerships)


• Impact of COVID-19 on the Market

SEGMENTATION

ANALYSIS BY MATERIAL

Based on material, the market is segmented into paper & paperboard, plastic, metal, and others. The metal segment dominates the global paints packaging market. The growing preference for metal pails and cans is owing to their robustness, resistance to external elements, and ability to preserve the quality of the paint inside. The paint packaging manufactured with metals such as steel or aluminum withstands extreme pressure and weight of the paints inside. Owing to such factors, the material is witnessing extensive growth.

ANALYSIS BY PRODUCT TYPE

Based on product type, the market is segmented into cans & pails, bottles, containers, and others. The cans & pails segment leads the market and is estimated to grow significantly over the forecast period. Cans and pails are strong, lightweight, and completely impermeable to air and light. In addition, they also have suitable size & weight, which eases the carrying and storing process. Moreover, they are also resistant to continuous fluctuations in temperature, which drives segment growth.

REGIONAL ANALYSIS

By region, the paints packaging market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America holds a dominate share of the global paint packaging market. The presence of leading paint manufacturers and remarkable innovations by packaging manufacturers in the North American region boosts the market growth. For instance, the leading paints and coatings company, Sherwin-Williams, PPG Industries, and five of the ten are based in the U.S. The Asia Pacific region accounts for the second-largest global paint packaging market share. The paint and coating industry is a proxy for economic development in major countries of the region. The rising demand for better quality paints and coatings from industrial manufacturing, automotive, and commercial & residential projects boosts the market growth.

Europe is the third-leading region and will witness remarkable growth over the upcoming years. Various industries' growing utilization of architectural and industrial paints propel the market growth in Europe. Latin America's paints packaging market will experience a rise in product demand due to the growing building and construction sectors and investments in the packaging sector. The Middle East & Africa market will grow moderately due to the robust demand for sustainable packaging methods.

KEY PLAYERS COVERED

The report includes the profiles of key players such as Mauser Packaging Solutions, CL Smith, Kian Joo Can Factory Berhad, WestRock, Can One Berhad, Greif Inc., Trivium Packaging, Moldtek Packaging, Sonoco Products Company, and Berry Superfos.

KEY INDUSTRY DEVELOPMENTS

• In August 2022, BASF & Nippon Paint China announced the launch of innovative industrial eco-packaging in China. The collaboration efficiently builds a sustainable and green value chain in China’s industrial packaging market.


• In April 2022, LyondellBasell announced a collaboration with Nippon Paint China on sustainable packaging. The strategic collaboration is LyondellBasell’s first step in introducing innovative solutions to the painting sector in China and transforming the local industrial value chain.


• In November 2022, the U.K.’s leading independent paint manufacturer, HMG Paints, declared the launch of new packaging for its water-based product portfolio. The new packaging uses recycled content to develop the containers.