Zion Market Research has published a new report titled “Lubricant Packaging Market by Material Type, by Lubricant, by Packaging, and by End-User: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019—2025”. According to the report, the global lubricant packaging market was valued at approximately USD 12.36 billion in 2018 and is expected to generate around USD 15.62 billion by 2025, at a CAGR of around 3.4% between 2019 and 2025.
Lubricants packaging is extensively used across numerous industries, as it is essential for many applications, such as power, automobiles, energy, etc. The increasing disposable income of people is positively influencing the sales of passenger vehicles’—mainly SUV cars—which, in turn, is expected to drive the global lubricant packaging market growth over the forecast period.
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By material type, the lubricant packaging market is bifurcated into metal and plastic. The metal segment is further divided into aluminum, tin, and steel. The plastic segment is further fragmented into Polyethylene (PE), Polyethylene terephthalate (PET), Polyvinyl chloride (PVC), Polypropylene (PP), and others. The plastic segment held a major market share in 2018, owing to plastic’s cost-effectiveness, high strength, and pressure resistance. By lubricant, this global market is segmented into general industrial oils, transmission and hydraulic fluids, engine oils, metalworking fluids, process oils, and others. Engine oil is predicted to dominate the global lubricant packaging market over the forecast time period, owing to the extensive use of engine oils by the automobile service industry.
Engine oil acts as a lubricant for combustion engines in generators, cars, trucks, and lawnmowers. Process oil is expected to register the highest growth rate over the forecast time period. By packaging, this market is segmented into cans and bottles, kegs and drums, pails, Intermediate Bulk Packaging (IBC), and others. Cans and bottles held the largest market share in 2018. Cans are made up of aluminum and are easy to recycle, which is expected to increase their demand. The end-user includes automobile, metal fabrication, oil and gas, power generation, chemical industry, and others. The automobile segment held a major revenue share in 2018, owing to rising demand for automobiles. The power generation segment is expected to grow significantly over the forecast time period.
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By region, the global lubricant packaging market includes Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa. North America dominated the global lubricant packaging market in 2018 and is expected to continue its regional supremacy over the forecast timeframe as well. This regional growth can be attributed to the rising need for lubricant packaging and the growing sales of automobile across the North American region. Increasing disposable income of the middle-class population and rapid industrialization is likely to drive the Asia Pacific lubricant packaging market over the estimated time period.
Some key players of the lubricant packaging market are Bemis Company, Amcor Ltd., Martin Operating, CYL, Scholle, Universal Lubricants, Mauser Group, Greif, Mondi Plc, Duplas, Time Technoplast, Balmer Lawrie, Glenroy, Mold Tek, Westrock Company, BWAY Corp., Orora Ltd., Milford Barrel, Sigma Plastics Group, and International Paper Company, among others.
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This report segments the global lubricant packaging market into:
Global Lubricant Packaging Market: Material Type Analysis
- Polyethylene (PE)
- Polyethylene terephthalate (PET)
- Polyvinyl chloride (PVC)
- Polypropylene (PP)
Global Lubricant Packaging Market: Lubricant Analysis
- Engine Oils
- Transmission and Hydraulic Fluids
- Lubricant Oils
- Metalworking Fluids
- General Industrial Oils
Global Lubricant Packaging Market: Packaging Analysis
- Kegs and Drums
- Cans and Bottles
- Intermediate Bulk Packaging (IBC)
Global Lubricant Packaging Market: End-User Analysis
- Metal Fabrication
- Oil and Gas
- Power Generation
- Chemical Industry
Global Lubricant Packaging Market: Regional Analysis
- North America
- The U.S.
- Asia Pacific
- Latin America
- The Middle East and Africa