Lubricant Packaging Market is expected to grow at a 6.85% CAGR during the Forecast Period 2023 - 2032

Pune, India, September 14, 2018 /MRFR Press Release/- Market Research Future published a half-cooked research report on global lubricant packaging market. The lubricant packaging market is expected to grow over the CAGR of 6.85% during the period 2023 - 2032.

Market Highlights

The rise in automobile sales in developed countries has led to a number of opportunities for market growth. Lubricant packaging Market is used for storing the lubricants and simultaneously maintaining their properties for a specified amount of time. Materials like plastic and metal are mainly used for packaging lubricants. Growing demand for automation in chemical industries is expected to fuel the market growth. However, the rise of CNG vehicles and stringent government regulations regarding pollution can restrict the growth of the market.

Drivers

Source: MRFR Analysis

Market Research Analysis

For the purpose of this study, the global lubricant packaging market has been divided on the basis of five segments: material, packaging type, lubricant, end user, and region.

On the basis of material, the market has been segmented as metal and plastic. Under the material segment, plastic accounts for the largest market share as it is inexpensive as compared to its counterpart and provides enough strength and durability to the lubricant packaging. On the basis of packaging type, the market has been segmented as stand-up pouches, bottles, drums, pails, cans, tubes, kegs, bag-in-box, intermediate bulk containers. Drums segment dominates the market by packaging type and is expected to grow at the highest CAGR during the forecast period. Rise in demand for lubricants from industries across the power generation segment and increasing preference of consumers towards high-performance vehicles is expected to increase the market growth.

On the basis of lubricants, the market has been segmented as engine oils, transmission & hydraulic fluids, process oils, metalworking fluids, general industrial oils, gear oils, greases. Engine oil dominates the lubricants segment of the market and is expected to grow at the highest CAGR during the forecast period. Rise in demand for automobiles along with the adoption of industrial automation for various manufacturing processes is likely to fuel the demand for process oils in the market. Metalworking fluids are is also expected to contribute significantly during the forecast period. On the basis of end user, the market has been segmented into automotive, metalworking, oil & gas, power generation, machine industry, chemicals, and others. Automotive dominates the market by end-user.

Global Lubricant Packaging Market, 2023 - 2032 (USD Million)

Source: MRFR Analysis

Scope of the Report

This study provides an overview of the global lubricant packaging market, tracking five market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific (APAC) and the rest of the world (ROW). The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global lubricant packaging market by its type, by end user, and region.

• 
  By Material
  
  
  
  • Metal
  
  
  • Plastic
  
  
  
  

• 
  By Packaging Type
  
  
  
  • Stand up pouch
  
  
  • Bottle
  
  
  • Drum
  
  
  • Pail
  
  
  • Can
  
  
  • Tube
  
  
  • Keg
  
  
  • Bag-in-box
  
  
  • Intermediate Bulk Container
  
  
  
  

• 
  By Lubricants
  
  
  
  • Engine Oil
  
  
  • Transmission & Hydraulic Fluid
  
  
  • Process Oil
  
  
  • Metalworking Fluid
  
  
  • General Industrial Oil
  
  
  • Gear Oil
  
  
  • Grease
  
  
  
  

• 
  By End-User
  
  
  
  • Automotive
  
  
  • Metalworking
  
  
  • Oil & Gas
  
  
  • Power Generation
  
  
  • Machine Industry
  
  
  • Chemicals
  
  
  • Others
  
  
  
  

• 
  By Region
  
  
  
  • North America 
  
  
  • Asia-Pacific 
  
  
  • Europe
  
  
  • Rest of the World  
  
  
  
  

Key Players

The prominent players in the lubricant packaging market include Amcor Limited (Switzerland), Glenroy,Inc(US), Graham Packaging (US), Mold Tek Packaging(India), Scholle IPN (US), BAM Packaging (US), Berry Plastics (US), CDF (US), Greif, Inc(US), SCHÜTZ GmbH & Co., KGaA (Germany) and among others.

Access Report Details @ Lubricant packaging Market Size