New York, United States – Global Lubricant Packaging Market Size study, By Packaging (Stand-Up Pouches, Bottles, Drums, Pails, Cans, Tubes, Kegs, Bags-In-Box, IBC) By Lubricant (Engine Oil, Transmission And Hydraulic Fluid, Process Oil, Metal-Working Fluid, General Industrial Oil, Gear Oil, Greases) By Material (Metal, Plastic, Others) By End Use Industries (Automotive, Metal Working, Oil & Gas, Powder Generation, Machine Industry, Chemicals, Other Manufacturing) And Regional Forecasts 2022-2028
Global Lubricant Packaging Market is valued approximately USD $$ billion in 2021 and is anticipated to grow with a healthy growth rate of more than % over the forecast period 2022-2028.
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Lubricant packaging refers to various packaging formats which are used in storage, handling, and transportation of lubricants such as engine oils, process. Growing demand for lubricants globally and rapid shift towards Flexible Packaging Formats are key drivers for the growth of Lubricant Packaging market. For instance, according to global database Management company Statista- As of 2020, the global demand for lubricants has reached to 37 million metric tons and as per projections by the year 2023, global lubricants demand is expected to reach 37.4 million metric tons. Moreover, in January 2022, SCG Chemicals and The Shell Company of Thailand Limited collaborate to develop the Eco-friendly Lubricant Bottles’, made from high-quality Post-Consumer Recycled Resin (PCR).
Furthermore, in May 2021, Castrol collaborated with paper-based packaging company, Pulpex, to design paper bottles for Castrol’s products . Also, with growing automotive sector and rapid industrialization in emerging economies, the adoption & demand for Lubricant Packaging is likely to increase the market growth during the forecast period. However, environmental affairs concerning the use of plastics and high cost of raw materials impedes the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Lubricant Packaging Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region across the world in terms of market share owing to increasing demand of lubricants from industries and automotive sector in the region. Whereas Asia-Pacific is anticipated to exhibit highest growth rate over the forecast period 2022-2028. Factors such as rapid industrialization and rising automobile sales in the region would create lucrative growth prospects for the Lubricant Packaging Market across Asia-Pacific region.
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Major market player included in this report are: BWAY Corporation, Greif, SCHuTZ GmbH & Co. KGaA., Time Technoplast Ltd., Balmer Lawrie, Duplas Al Sharq L.L.C., Nye Lubricants, Inc., Glenroy, Inc., Graham Packaging Company, Mold-Tek,
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Packaging: Stand-up Pouches Bottles Drums Pails Cans Tubes Kegs Bags-In-box IBC
By Lubricant: Engine Oil Transmission and Hydraulic Fluid Process Oil Metal-working Fluid General Industrial Oil Gear Oil Greases
By Material: Metal Plastic Others
By End Use Industries: Automotive Metal working Oil & Gas Powder Generation Machine Industry Chemicals Other Manufacturing
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By Region: North America U.S. Canada Europe UK Germany France Spain Italy ROE
Asia Pacific China India Japan Australia South Korea RoAPAC Latin America Brazil Mexico Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019,2020 Base year – 2021 Forecast period – 2022 to 2028
Target Audience of the Global Lubricant Packaging Market in Market Study:
Key Consulting Companies & Advisors Large, medium-sized, and small enterprises Venture capitalists Value-Added Resellers (VARs) Third-party knowledge providers Investment bankers Investors
BWAY Corporation, Greif, SCHuTZ GmbH & Co. KGaA., Time Technoplast Ltd., Balmer Lawrie, Duplas Al Sharq L.L.C., Nye Lubricants, Inc., Glenroy, Inc., Graham Packaging Company, Mold-Tek,
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What aspects regarding the regional analysis Market are included in this report?
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