Paint Packaging Market A
Dublin, Sept. 27, 2023 (GLOBE NEWSWIRE) — The “Paint Packaging Market By Material, By Product, By End-Use Industry: Global Opportunity Analysis and Industry Forecast, 2023-2032” report has been added to ResearchAndMarkets.com’s providing.
The world paint packaging market, valued at $20.6 billion in 2022, is poised for substantial development, with a projected CAGR of 4.1% from 2023 to 2032.
Paints play a vital position in defending buildings and constructions from environmental components and harsh climate circumstances, and versatile packaging is instrumental in preserving water-based paints, coatings, inks, and wooden preservation varnishes whereas minimizing waste and environmental affect.
Factors Driving Market Growth
Several key components are contributing to the expansion of the paint packaging market:
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Protection Against Harsh Weather: The surge in the usage of paint to defend exterior building surfaces from opposed climate circumstances is driving demand.
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Variety of Exterior Paints: The availability of a large spectrum of exterior paints is bolstering market development.
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Advanced Packaging Properties: The want for packaging with superior properties reminiscent of tear puncture resistance, reusability, and recyclability is boosting market demand.
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Growth in Construction: The building and building sector’s growth is a big driver, notably on account of fast urbanization and rising residing requirements.
However, the market additionally faces challenges associated to cost-effective high-quality product choices.
Market Segmentation
The paint packaging market is segmented primarily based on materials, product, end-use business, and area:
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Material: Metals, polyethylene (PE), polypropylene (PP), polyethylene terephthalate (PET), and others.
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Product: Cans and pails, pouches, bottles, and others.
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End-Use Industry: Professional and shopper.
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Region: North America (U.S., Canada, Mexico), Europe (Germany, UK, France, Spain, Italy, remainder of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, remainder of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, remainder of LAMEA).
Key Players
Leading gamers within the world paint packaging market embrace Berry Global Inc., Dow, Mold-Tek Packaging Ltd., Smurfit Kappa, Hitech Group, BWAY Corporation, KARSHNI PACKS PRIVATE LIMITED, International Paper, Mondi, and WestRock Company.
Key Benefits for Stakeholders
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Quantitative evaluation of market segments, tendencies, and dynamics from 2022 to 2032.
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Insights into key drivers, restraints, and alternatives.
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Porter’s 5 forces evaluation for strategic decision-making.
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In-depth evaluation of market segmentation for figuring out alternatives.
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Regional mapping of income contributions.
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Market participant positioning for benchmarking.
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Analysis of world and regional tendencies, key gamers, market segments, utility areas, and development methods.
Market Dynamics
Drivers
Restraints
Opportunities
For extra details about this report go to https://www.researchandmarkets.com/r/gj757p
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