Lubricant Packaging Market Size was valued at USD 4.80 Billion in 2023. The Lubricant Packaging industry is projected to grow from USD 5.13 Billion in 2024 to USD 8.16 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.98% during the forecast period (2024 - 2032). Increasing demand for storage and packaging convenience. In addition, flexible packaging is gaining popularity among packaging companies due to its affordability and convenience are the key market drivers enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for lubricant packaging is being driven by the rising demand for convenient yet strong packaging from various sectors. The packaging of a product is crucial for its protection. Lubricant packaging is used to maintain the safety of lubricants for a specified period of time. This packaging is utilized by a variety of industries, including the automotive, metalworking, oil and gas, electricity production, machine industry, chemical, and other manufacturing sectors. Keeping in mind consumer demands and manufacturing costs, producers innovate progressively with materials.
Additionally, the rising demand for flexible packaging among packaging companies due to its affordability and convenience is anticipated to drive market expansion. Moreover, flexible packaging products are considerably lighter than rigid bottles of plastic and use 60% less plastic, which contributes to the expansion of the market as a whole. The growth and expansion of various end-user industries, such as automotive, metal working, oil and gas, power generation, machine industry, chemicals, and other manufacturing, are directly proportional to the rising demand for materials and packaging solutions. In addition, enormous growth opportunities in the power generation sector will contribute to the expansion of the market.
The advancement of the automotive industry is another factor influencing market expansion. During the period from 2022 to 2029, the accelerating development of flexible packaging solutions, the growing technological advances in packaging technology and machinery to accommodate a broader range of products, and the expansion of the e-commerce industry will create lucrative opportunities for market participants. Increasing urbanization, modernization, and ization drive the development of market value. In addition, due to greater amounts of economic development and improvements in quality of life, developing nations will experience an increase in demand, which will contribute to the market's future expansion. This lubricant packaging market report provides details of recent developments, rules governing trade, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized competitors, analyses opportunities in terms of new revenue streams, shifts in market rules, strategic market expansion analysis, market size, category market development, application niches and dominance, approval of products, introduction of products, geographies covered, and competitive landscape. For more information on the market for lubricant packaging, contact Data Bridge Market Research Inc. for an Analyst Brief; our team will assist you in making a well-informed decision for market expansion.
For instance, demand for lubricant packaging is fuelled by intensive R&D efforts and the automotive industry's rapid growth. Increasing auto sales are boosting lubricant demand, propelling the lubricant packaging market forward. In the automotive industry, the use of semi-liquid, liquid, and solid lubricants has increased the demand for lubricant packaging. In addition, there has been a rise in demand for intermediate bulk containers, which are used to store lubricants such as lubricating oil and others. This is driving the Lubricant Packaging market revenue.
The Lubricant Packaging market segmentation, based on Material includes Metal, and Plastic. The plastic material segment dominated the market in 2022. Plastic containers have better mechanical and physical properties and are more affordable. These containers are resistive to corrosion, leakage, and substances that degrade materials. In addition, these plastic containers can be molded into a variety of forms, ranging from large barrels to miniature gallons. HDPE and Polypropylene are the most common plastics used to create lubricant packaging containers.
In March 2024, Repsol, a multinational energy company, introduced sustainable lubricant packaging that incorporates 60% post-consumer plastic mechanically recycled. The newly formulated material is part of the Repsol Reciclex suite of sustainable polyolefins and will be used in one-liter, four-liter, and five-liter containers for lubricants. These are available in five different colors to differentiate between various product lines, such as engine/transmission oils for motorcycles, cars, and heavy vehicles. It now represents 60% percent of the total weight of the container, achieving a 25% reduction in carbon emissions compared to its previous packaging design.
Figure1: Lubricant Packaging Market, by Distribution channel, 2022&2032 (USD Billion) 
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Lubricant Packaging market segmentation, based on Packaging Type, includes Stand Up Pouch, Bottle, Drum, and Intermediate Bulk Container. The drum sector has a greater share of the market due to its efficient design, which makes handling and transporting simpler. Additionally, these barrels offer increased mechanical durability and immunity to a variety of chemical and physical issues.
The Lubricant Packaging market segmentation, based on Lubricant, includes Engine Oil, and Transmission & Hydraulic Fluid. As a result of the high demand for engine oil, engine oil holds the greatest share of the lubricant market. Increasing demand for automobiles with internal combustion engines and industrial automation are primarily responsible for a great need for engine oil.
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Lubricant Packaging market area will dominate this market, owing to an increase in automotive industry and disposable income among middle class people in the region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2: LUBRICANT PACKAGING MARKET SHARE BY REGION 2022 (USD Billion) 
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Lubricant Packaging market accounts for the second-largest market share due to advancing the creation of sophisticated apparatus and equipment for industrial applications in the region. Further, the German Lubricant Packaging market held the largest market share, and the UK Lubricant Packaging market was the fastest growing market in the European region
The Asia-Pacific Lubricant Packaging Market is expected to grow at the fastest CAGR from 2023 to 2032. This is owing to the increasing demand and expansion of the region's automotive industry. Population growth in countries increases the demand for automobiles. Moreover, China’s Lubricant Packaging market held the largest market share, and the Indian Lubricant Packaging market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Lubricant Packaging market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Lubricant Packagingindustry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Lubricant Packaging industry to benefit clients and increase the market sector. In recent years, the Lubricant Packaging industry has offered some of the most significant advantages to lubricant market. Major players in the Lubricant Packaging market, including 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), and others, are attempting to increase market demand by investing in research and development operations.
Scholle Packaging is the market leader in bag-in-box packaging for the food, beverage, and lubricant industries. With manufacturing facilities on five different continents and products sold in more than 60 nations. They provide a wide range in packaging solutions and expertise to meet the requirements of their customers, and they continually enhance their operations to better respond to and serve those customers. Their bag-in-box product selection consists of flexible films, filling equipment, bags, fittings, and closures. In 2020, As an international leader in adaptable packaging solutions, Scholle IPN has reached a significant production benchmark of sixty million bag-in-box containers. With their packaging solutions, they have integrated advanced dispensing technological advances and high-speed filling apparatus.
Amcor plc is a worldwide packaging corporation. It designs and manufactures adaptable packaging, rigid vessels, specialty cartons, closures, and services for food, beverage, medicine, medical-device, household, and personal-care products, among others. Amcor is included in a number of international stock market indices, such as the Dow Jones Sustainability Index, the CDP Climate Transparency Leadership Index (Australia), the MSCI Sustainable development Index, the Ethibel Superiority Investment Register, and the FTSE4Good Index Series, which reflects its status. In 2019, Amcor acquired Bemis Company in a stock-for-stock transaction. The merger of these two complementary businesses created a worldwide leader in customer packaging, with the footprint, scale, and capabilities to generate significant value for shareholders, provide customers and employees with the most appealing value proposition in the packaging industry, and deliver the most environmentally sustainable innovations.
Mobil™ launched a campaign in February 2023 that aims to foster sustainable packaging by using 50% Post-Consumer Recycled (PCR) plastic pails. The use of PCR pails promotes recycled plastics while reducing plastic waste, thereby advancing sustainability. ExxonMobil’s first-ever pails packing lubricating oils in India are half made from PCR, aiming to assist customers in cutting down on waste streams or converting them into value streams as they pursue their sustainability goals. In India, where my focus is usually, I first ask people to say what they think about waste and how it can be managed. Indian lubricating oil pails are 50% post-consumer recycled plastic by design.
May 2021: Shell developed lubricant containers made of stainless steel. In France, the company has launched a trial of this modern two-piece can on a platform for reusable purchasing loops.
December 2020: SK Lubricants, the largest manufacturer of lubricants in South Korea, has announced intentions to increase the use of sustainable packaging for its engine oil products. The industry will start manufacturing packages made completely of a single plastic material, assisting the environment by increasing the proportion of plastic that is recycled.
January 2021: Valvoline Inc., one of the foremost suppliers of lubricants in the United States, has introduced bag packaging for FlexFillTM gear oil. The company intends to implement a strategy that reduces packaging material consumption by employing flexible packaging formats.
April 2024: Archroma announced it had developed Cartaseal OGB F10 barrier coating for PFAS-free oil and grease resistance on food/non-food paper/board packs. Apparently, this barrier is water-based and resistant to oil & grease, thus helping paper mills produce high-quality & green packaging by replacing fluoro substances and polyethylene with recyclable, repulpable coatings. Archroma says it meets FDA & BfR requirements while being biodegradable at home composting facilities. In addition to that, it also provides oil and grease resistance (OGR) required for folding box boards and flexible paper packing applications, facilitating easy recycling and repulping processes. Cartaseal OGB F10 reportedly contains bio-based raw materials aimed at reducing brands’ reliance on fossil fuels.
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 4.80 Billion |
| Market Size 2024 | USD 5.13 Billion |
| Market Size 2032 | USD 8.16 Billion |
| Compound Annual Growth Rate (CAGR) | 5.98% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Material, Packaging Type, Lubricant, and Region |
| Geographies Covered | North America, Europe, AsiaPacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | 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), and others |
| Key Market Opportunities | A growing demand for storage and packaging convenience |
| Key Market Dynamics | Growing demand for small-pack lube packaging has caused a paradigm shift towards flexible packaging systems in the lubricant packaging market. |
Lubricant Packaging Market Highlights:
Frequently Asked Questions (FAQ) :
The Lubricant Packaging market size was valued at USD 4.80 Billion in 2023.
The market is projected to grow at a CAGR of 5.98% during the forecast period, 2024-2032.
North America had the largest share in the Lubricant Packaging Market
The key players in the market are 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), and others.
The Metal segment dominated the Lubricant Packaging Market in 2023.
The drum packaging had the largest share in the Lubricant Packaging Market
Assistant Manager - Research High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. by implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in packaging, construction, and equipment domains. she handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
