Paint Can Market Poised for Steady Growth, Reaching $6.79 Billion by 2029 at a CAGR of 4.7% (2024)

04-30-2024 08:08 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Data Bridge Market Research

/ PR Agency: DBMR

Paint Can Market Poised for Steady Growth, Reaching $6.79 Billion by 2029 at a CAGR of 4.7% (1)

Leveraging a robust research methodology and meticulous data analysis, this report provides an in-depth exploration of the Paint Can Market. Our team of experts has compiled and analyzed extensive data sets, encompassing consumer behavior, market trends, and competitor analysis. This comprehensive report empowers you with the knowledge required to navigate the complexities of the market and make strategic decisions with confidence.

Go beyond mere market data with Paint Can Market. This report translates insights into actionable strategies, equipping you with the knowledge to capitalize on emerging opportunities and overcome potential challenges. Our expert analysis provides a roadmap for success, allowing you to optimize your market positioning and achieve your business goals.

Overview of Paint Can Market

Data Bridge Market Research analyses that the paint can market was valued at USD 4.7 billion in 2021 and is expected to reach USD 6.79 billion by 2029, registering a CAGR of 4.70% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.

Paint cans are among the most common types of paint packaging, and they're used to store paints and coatings produced by various brands and companies. In many poor 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.

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Dynamics Growth Drivers and Scope of Paint Can Market
Growth Drivers:
Because of their roughness and long shelf life, metals are favoured over other plastic materials. This is due to the growing demand for rugged, durable, and recyclable containers that can hold a lot of paint, which is propelling the market forward. The increasing popularity of wall décor among consumers will enhance the growth rate of paint can market. Increased paint operations in automotive, marine, coil, wood, aerospace, rail, and package coatings, among other things, are also fueling the global market's rise.

The paint can market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Regional Analysis/Insights of Paint Can Market:
Asia-Pacific dominates the paint can market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the increasing urbanization and shift to nuclear families promoting construction in this region. Europe, on the other hand, is projected to exhibit the highest growth rate during the forecast period of 2022 to 2029 due to the increasing focus on the production of environment-friendly and supportable paints by major players of this region.

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The major companies which are dealing in the Paint Can Market:
AkzoNobel N.V. (Netherlands), PPG Industries Inc. (U.S.), The Sherwin-Williams Company (U.S.), RPM International Inc. (U.S.), Nippon Paint (Japan), Ardagh Group S.A (Luxembourg), Ball Corporation (U.S.), Berry Global Inc. (U.S.), Silgan Containers. (U.S.), Kian Joo Can Factory Berhad (Malaysia), BWAY Corporation (U.S.), Allstate Can Corporation (U.S.), SEYMOUR OF SYCAMORE (U.S.), NCI Packaging (Australia), AlliedCans. (Canada), GRUPO RAR (Porto), Baltic Packaging ApS (Denmark), Lancaster Container, Inc (U.S.), Aaron Packaging (U.S.)

Key Market Perspectives:
Thorough examination of prevailing market tendencies
Updates on the latest product advancements and innovations
Paint Can Market Compound Annual Growth Rate (CAGR) for both historic and forecasted years
Strategies and activities of prominent players and brands in the field
Insights into the industry landscape for emerging participants

Segmentation of Paint Can Market:
By Type (Metal Paint Cans, Plastic Paint Cans), Application (Chemical, Building, Painting, Other)

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Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

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Paint Can Market Poised for Steady Growth, Reaching $6.79 Billion by 2029 at a CAGR of 4.7% (2024)


What is the market potential of paint industry? ›

The India Paints And Coatings Market size is estimated at USD 9.56 billion in 2024, and is expected to reach USD 15.00 billion by 2029, growing at a CAGR of 9.38% during the forecast period (2024-2029).

What is the forecast for the paint industry? ›

India Paints and Coatings Market Size is expected to reach US$ 18872.7 Mn. by 2027, at a CAGR of 8.1% during the forecast period. The India Paints and Coatings market data is rigorously obtained from both primary and secondary channels, taking into account a wide range of factors that may influence the market.

What is the outlook for the paint industry in 2024? ›

In India, the paint industry is worth about ₹500 billion, with decorative paints being the dominant segment. The market size of the Indian paints and coatings industry is estimated to be around USD 9.56 billion in 2024. As per a report, it is projected to grow at a CAGR of 9.38% and reach USD 15.00 billion by 2029.

What is the market trend for Paints and coatings? ›

Although the industry recovered in 2021 from a 2020 dip in volume, the real news is the dramatic increase in value (~25% over the two-year period 2021–2023 estimated (2023e)) that has resulted from the high cost of crude, decreasing (but not completely halted) global supply chain issues, remnant shortages, improved ( ...

Is the painting industry growing? ›

So how does all of this affect the paint industry? According to a 2023 BBB® Industry Report, here's what we can expect over the next five years: Industry revenue will grow from $36.5 billion to nearly $38 billion (1.6% increase) through 2027.

How profitable is the paint industry? ›

The global paint and coatings industry was valued about $160.03 billion in 2021. With a projected compound annual growth rate (CAGR) of 5 percent, the market should grow to about $235.06 billion by 2029, according to analysis conducted by Fortune Business Insights.

Why is paint so expensive in 2024? ›

Why is paint now so expensive? The cost of paint has risen due to several factors: increases in raw material costs, advancements in paint technology offering higher quality and durability, and the impact of global supply chain issues.

What is the market demand for paint? ›

The global market for Paint & Coatings estimated at USD 213.3 million in the year 2023, is projected to reach a revised size of USD 276.4 million by 2031, growing at a CAGR of 4.4% during the forecast period 2023-2031.

Why all paint stocks are falling? ›

Summary. Paint industry leaders like Asian Paints, Berger Paints, and Kansai Nerolac face pressure as Grasim Industries launches into decorative paints. Shares decline up to 5% on NSE, with Asian Paints hitting a 10-month low. Grasim aims for ₹10,000 crore revenue and plans to be profitable within three years.

Why have paint prices gone up? ›

Due to industry-wide raw and packaging material shortages, as well as inflated transportation costs, we increased our prices in May of 2022.

What is the future outlook for a painter? ›

The Bureau of Labor Statistics projects 1.5% employment growth for painters between 2022 and 2032. In that period, an estimated 5,500 jobs should open up.

What is the future outlook for auto painters? ›

Summary. BALANCE: Labour demand and labour supply are expected to be broadly in line for this occupation group over the 2022-2031 period at the national level.

What is the future of the paint industry? ›

The size of the India Paints and Coatings Market size is estimated at $9.60 billion in 2024. It is expected to reach $15.04 billion by 2029, growing at a CAGR of 9.38% between 2024 and 2029.

Why the US is facing a paint shortage? ›

Perhaps the most significant factor behind the paint shortage of 2022 is supply chain issues and a lack of raw materials. Without certain materials like methyl ethyl ketone and methyl methacrylate, creating industrial paint components and enamels is difficult, if not impossible.

Which paint stock is best? ›

Paint Stocks
  • Asian Paints Ltd.
  • Berger Paints India Ltd.
  • Kansai Nerolac Paints Ltd.
  • Akzo Nobel India Ltd.
  • Indigo Paints Ltd.
  • Shalimar Paints Ltd.
  • Retina Paints Ltd.
  • MCON Rasayan India Ltd.

How competitive is the paint industry? ›

This market is competitive and fragmented with key manufacturers operating in the industry such as PPG Industries, Inc., Axalta Coating Systems, Nippon, Kansai (Kansai Paint Co., Ltd.), Jotun, the Sherwin-Williams Company, and AkzoNobel.

What is the outlook for the global paint industry? ›

In 2023, the global paint and coatings industry was estimated to be valued at some 179.98 billion U.S. dollars. It is forecast that by 2032 the sector's market value will surpass 255.59 billion U.S. dollars.

How big is the US paint market? ›

Paint and coatings market value in the U.S. 2015-2024

In 2022, the market value of the paint and coatings industry in the United States was estimated at approximately 31 billion U.S. dollars. It is forecast that the industry will reach a market value of some 33.4 billion dollars in 2023.

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