Cans are an efficient packaging solution for the storage of different type of goods in various industries. Paint cans are used to store paint, colorants, and other water-based substances. It is generally made up of different materials including metal and plastic. Recent technological advancement noticed in the paint cans market is the growing popularity of the hybrid paint cans which is made up of one type of material.
Generally, the body of hybrid paint can is made up of a plastic material while other accessories such as handle, rings, and plugs are made up of the metallic material. Hybrid cans are very cost effective and durable packaging solution. Hybrid paint can manufacturing companies are focusing to further reduce the environmental impact of these cans through use of recycled materials.
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FMI, in its upcoming business report, elaborates the historical and current scenario of the global Hybrid paint cans market in terms of production, consumption, volume, and value. The report scrutinizes the market into various segments, regions and players on the basis of demand pattern and growth prospects.
Some of the key players in the Hybrid paint cans market are Berlin Packaging, BWAY Corporation, Silgan Holdings, Industrias Sanz SA, and KW Plastics, Inc.
COVID-19 Impact Analysis on Hybrid paint cans Market
The recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the Hybrid paint cans market is no exception. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential items faced a sharp decline in demand.
Demand for hybrid paint cans is expected to witness a healthy CAGR rate during the forecast period due to its cost-effectiveness and better characteristics than other metal-based alternatives. Hybrid paint cans market is also expected to grow with the increase in demand for the environment-friendly packaging products in the paint and coatings industry. It has witnessed strong growth in the last five years and is expected to continue its wave for the next 5-10 years. The recent trend noticed in the market is the introduction of the hybrid paint cans made up of 70-80% recycled plastic resin which will compel paint companies to adopt this sustainable packaging solution over metal-based paint cans.
Hybrid Paint Cans Market: Market Segmentation:
Hybrid Paint Cans Market Segmentation: By Material Type
Hybrid Paint Cans Market Segmentation: By Product Capacity
Hybrid Paint Cans Market Segmentation: By Packaging Application
The Hybrid paint cans market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
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Hybrid paint cans Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Hybrid paint cans market. Competitive information detailed in the Hybrid paint cans market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Hybrid paint cans market report.
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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