Paint Cans Market: Segments, Opportunity, Growth And Forecast By End-Use Industry 2019 - 2027

 

Global Paint Cans Market: Overview

As increase in construction is observed, it expected that the global paint cans market would grow at a steady pace. This will be owing to an increase in demand for paints. Another factor that would drive the market is wall décor. Here again, a demand for paint would drive market for cans. It comes as no surprise then that the paint cans market is set to grow at a modest CAGR (Compound Annual Growth Rate). This would translate to a considerable market worth by the end of 2027.

Global Paint Cans Market: Notable Development

Any market sees its future unfold in the way in which players shape its landscape. The competition and advancements, mergers and acquisitions, all determine the next step and the step further. It is not very different for global paint cans market.

The global paint cans market is fairly fragmented. Prominent names include Ardagh Group, Ball Corporation, RPC Group Plc., Silgan Containers LLC, Kian Joo Can Factory Berhad, Colep Portugal, S.A., BWAY Corporation (MAUSER Packaging Solutions), and National Can Industries Pty. Ltd.

Global Paint Cans Market: Key Trends and Drivers

The global paint cans market is in a steady growth phase. The trends and drivers it is set to witness over the forecast period of 2019 to 2027 will chart its growth. Some of the primary factors the market would experience are spelled out below.

• As per Global Construction 2030, a report sponsored by PwC, construction volume is set to increase by 86%, generating USD 15.5 trillion of market worth by 2030. Here, India, China and the United State with bite into 57% of all growth charted. As the volume rises, in the form of both commercial and residential real estate, so would the demand for paint. That would be a good booster to the paint cans market. Besides, with rising living standards, a result of strong economic growth in certain regions, a preference for wall décor is building up. That again is a growth propeller for the cans market.
• A trend is observed, particularly in developing nations to use paint as a protective coating against water and sun for walls, as well as metal fixtures. All this paint is often required in cans with high capacity. Thus, it is leading to positive growth in the global paint cans market. Besides, these nations build homes mainly using bricks and cement, making it a necessity to use paints as an uplifting and aesthetic coating.

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Global Paint Cans Market: Regional Analysis

The region that is set to show impressive growth is Asia Pacific. Major reasons behind the higher trajectory are significant urbanization, shift to nuclear families and steady growth of construction related activity. Among the countries in the region, China and India will register the notable growth, owing to strong economic growth Besides, the expansion of construction industry into Indonesia, Thailand, South Korea and Japan would also create opportunities for paint cans market. Therefore, it is only a logical consequence that manufacturers are eyeing the region to rightsize supply.

This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.

The scrutiny of the various forces impacting the dynamics of the market, and key and associated industries, guides enterprises in understanding various consumer propositions. Our clients leverage these insights and perspectives to enhance customer experience in the fast-paced business environment.

All our insights and perspectives are broadly based on 4 Pillars or Stages: ASBC-S, which offer an elaborate and customizable framework for the success of an organization. The essence and the roles of these in organizational successes are highlighted below:

• Agenda for CXOs: TMR, through the study, sets the tone for agendas that are pertinent to CEOs, CFOs, CIOs, and other CXO executives of businesses operating in the market. The perspectives help our clients to bridge the gap between agenda and action plan. TMR strives to offer guidance to CXOs to undertake mission-critical activities empowered by various business analysis tools, and boost the performance of the organizations. The perspectives guide you to decide on your own marketing mix that align well with the policies, visions, and mission.
• Strategic Frameworks: The study offers how organizations are setting both short-term and long-term strategic plans. Our team of experts collaborate and communicate with you to understand these to make your organizations sustainable and resilient during tough times. The insights help them decide sustainable competitive advantage for each business units.

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