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Paint Packaging Market To Reach $44.5 Billion By 2030

Paint Packaging Market Size To Reach $44.5 Billion By 2030

February 2025 | Report Format: Electronic (PDF)

Paint Packaging Market Growth & Trends

The global paint packaging market size is expected to reach USD 44.5 billion in 2030 and is projected to grow at a CAGR of 6.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. Significant increase in government spending in various countries on construction activities has triggered and necessitated the use of paint packaging products globally.

The market is expected to witness significant growth over the forecast period owing to an increase in infrastructure spending in emerging economies, most notably in Asia Pacific. For instance, infrastructure spending in Indonesia is expected to exceed USD 165 billion by 2025 and is backed by augmented government spending in the sector across this country. Another important factor bolstering the demand for these packaging products is the increasing instances of product launches led by prominent players operating in the market.

The intensity of rivalry in the market has demanded key players to improve their product offerings in order to stay ahead of the competition. For instance, in May 2018, Nippon Paint (India) Company Limited launched a new premium interior paint under Infinite Air brand. Similarly, Farrow & Ball, a Europe-based manufacturer, introduced nine new paint colors in its product portfolio. Such product launches have increased the product consumption, most notably paint cans & pails.

Asia Pacific has been witnessing a healthy surge in the product adoption rate in the recent years. The industry has been strengthened by an augmented demand for industrial and architectural paints in the region led by countries such as China, India, and Japan. Other key markets in this region include Thailand, Indonesia, and Vietnam. Rising demand for this packaging in these countries is attributable to high adoption of innovative paint products by prominent manufacturers. Some of the key manufacturers driving the demand for paint packaging products in the aforementioned countries include Asian Paints, Kansai Nerolac Paints, and Berger Paints India Limited.

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Paint Packaging Market Report Highlights

The metal segment dominated the market in 2023 with a share of 44.2%.
The cans and pails segment dominated the market in 2023 with a share of 77.0% due to the rising popularity of aerosol metal cans.
The professional segment dominated the market in 2023 with a share of 91.5% due to the rising demand for paint in the construction sector.
Customized & private vacations accounted for a revenue share of over 27% in 2024.
Asia Pacific dominated with a market share of 53.9% in 2023.