The global paint packaging market size is expected to be valued at USD 28.4 billion by 2025, advancing at a CAGR of 4.3% over the forecast period, 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.
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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.
Further key findings from the report suggest:
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Key Topics Covered
Chapter 1 Methodology and Scope 1.1 Information Procurement 1.1.1 Purchased Database 1.1.2 GVR’s Internal Database 1.1.3 Secondary Sources 1.1.4 Third Party Perspective 1.1.5 Primary Research 1.2 Information Analysis & Data Analysis Models 1.3 List to Data Sources Chapter 2 Executive Summary 2.1 Market Insights 2.2 Segmental Insights 2.3 Competitive Insights Chapter 3 Market Variables, Trends & Scope 3.1 Market Lineage Outlook 3.1.1 Parent Market Outlook 3.1.2 Related Market Outlook 3.2 Penetration & Growth Prospect Mapping 3.3 Value Chain Analysis 3.3.1 Raw Material Trends 3.3.1.1 Major Raw Material Analysis 3.3.1.2 Procurement Best Practices 3.3.2 Manufacturing trends 3.3.2.1 Technology Trends 3.3.2.2 Outsourcing and contract manufacturing trends 3.3.3 Cost structure and profit margin analysis 3.3.3.1 Average Selling Price Analysis 3.3.3.2 Profit margin and cost analysis 3.3.4 Sales channel analysis 3.3.5 Vendor selection criteria 3.4 Technology Overview 3.4.1 Technology timeline 3.5 Regulatory Framework ……….continue
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About Grand View Research Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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