Paint packaging market has been witnessing considerable growth in recent years, with market participants introducing highly advanced and innovative packaging solutions for paints. With the rising building, construction, and housing industries in emerging economies, and the rising need for advanced product properties such as tear and puncture resistance, convenience of usage, reusability, recyclability, etc., the paint packaging market is expected to grow significantly over the forecast years.
The global paint packaging market can be categorized and analyzed with regards to material, product, end use, and region. On the basis of material, the market is segmented into metal, polyethylene terephthalate (PET), polyethylene (PE), polypropylene (PP), and others, including paper and glass. The key product categories considered are bag-in-box, pouches, liquid cartons, paperboard container, pet bottles, cans, and others. Products such as metal cans and liquid cartons have been among the traditionally-used packaging types. In recent years, manufacturers have been shifting towards more convenient and reusable packaging options.
On the basis of end use, the market is segmented into professional and consumer, wherein the consumer segment includes the DIY category as well. This can be attributed to the rising incidence of consumers using spray paint cans, paint pouches, PET bottles, etc. for paint jobs in their households, garages, etc. The professional end use primarily relates to residential, commercial, and public construction activities, wherein traditionally packaged paint products are preferred, with convenience packaging being used only in specific or niche application areas.
The geographic scope includes North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa. The industry is dominated by Asia Pacific, mainly owing to the presence of a large number of paints & coatings manufacturers in the region. Asia Pacific is also expected to be the fastest-growing market over the forecast years, as this region has been witnessing rapid growth of the building, construction, & housing industries, thereby resulting in high demand for paint.
Major participants in the paint packaging industry include The Dow Chemical Co., International Paper, Tetra Pak International S.A., Smurfit Kappa, and Mondi plc. The global market is highly competitive, yet attractive, as a majority of the industry is dominated by a few players. The manufacturers are focused on providing practical and effective alternatives to traditional packaging solutions such as metal tins and plastic pails. They are also focused on taking measures to reduce environmental impact of their packaging solutions. Several small and medium-sized manufacturers are expected to enter the market over the coming years, thereby increasing the intensity of competitive rivalry in the market.
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