Home / Businesswire / Global Paints Packaging Market 2019-2023|Growth Analysis and Forecast | Technavio

Global Paints Packaging Market 2019-2023|Growth Analysis and Forecast | Technavio

LONDON–(BUSINESS WIRE)–lt;a href="https://twitter.com/hashtag/Research?src=hash" target="_blank"gt;#Researchlt;/agt;–Technavio’s global paints packaging market research report forecasts the
market to grow at a CAGR of approximately 5% during the forecast
period.


The innovation in rigid bulk packaging will be one of the major trends
in the global
paints packaging market
during 2019-2023. The changing
consumer demand and preferences have been encouraging rigid bulk
packaging vendors to provide advanced, innovative, and customized
packaging products to enhance their market presence. To meet specific
customer requirements, the vendors in the market are constantly
expanding their product portfolio.

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According to Technavio analysts, one of the key drivers for the global
paints packaging market is the growing demand for paints and its
derivatives:

Global paints packaging market: Growing demand
for paints and its derivatives

Various types of paints such as solvent-based, varnishes, lacquers,
enamels, and latex paints exist in the market based on the applications
and end-user requirements. During the forecast period, the demand for
paints and its derivatives is expected to increase due to high demand
from new and existing buildings.

According to a senior analyst at Technavio for research on packaging,
“Each building requires repainting once in every 3-5 years on an
average. The period may vary based on the type of paint and the
building. During the forecast period, the existing buildings account for
considerable demand for painting and will drive the market growth for
paints and its derivatives. This will promote the demand for paints
packaging across the globe.”

Global paints packaging market: Segmentation
analysis

This global paints packaging market analysis report provides market
segmentation by material (metal and rigid plastic) and by region (the
Americas, APAC, and EMEA). This report provides an in-depth analysis of
the prominent factors influencing the market, including drivers,
opportunities, trends, and industry-specific challenges.

Of the two major segments by material, the metal segment held the
largest paints packaging market share in 2018, contributing to over 65%
of the market. This segment will dominate the global market throughout
the forecast period.

The APAC region held the largest share of the market in 2018, accounting
for more than 38% share. It was followed by EMEA and the Americas
respectively. The APAC region is expected to dominate the market
throughout the period 2019-2023.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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