Global Engine Oil Packaging Market, By Packaging (Stand-Up Pouches, Bottles, Drums, Pails, Cans And Tubes), Lubricant (Engine Oil, Transmission And Hydraulic Fluid, Process Oil And Metal-Working Fluid), End-use (Automotive, Metal Working, Oil And Gas And Powder Generation), Material (Metal and Plastic) , Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights of Engine Oil Packaging Market
Data Bridge Market Research analyses that the engine oil packaging market will project a CAGR of 3.5% for the forecast period of 2022-2029 and would reach an estimated value of USD 4,100 million by the end of forecast period.
Lubricant packaging is made up of light weighted rigid plastic bottles. Packaging may be an important factor in preventing the product. Flexible packaging includes stand-up pouches, bags, and inboxes, and it is commonly found in industries such as manufacturing, automotive, and electronics. Lubricant packaging is used in a variety of industries because it is necessary for a variety of applications such as power, automobiles, energy, and so on.
The growing demand for lubricants, and thus for convenient lubricant packaging solutions, is propelling the global engine oil packaging market forward. The global demand for vehicles with IC engines has increased significantly in the last decade, creating a huge demand for lubricants. Additionally, an increase in two-wheeler sales is fueling market demand. Furthermore, the significant expansion of industries such as mining, oil and gas, power generation, and so on is contributing to the growth of the global engine oil packaging market. The engine oil packaging industry benefits from ongoing packaging technology research and development. The market has benefited greatly from new manufacturing materials such as HDPE and Polypropylene.
Rising demand for high mileage engine oil from developed countries for sport and luxury cars, as well as rising demand for synthetic blend oil from passenger and commercial vehicles, and rising government norms and regulations to reduce smoke and use good quality engine oil for environmental protection, are among the major factors boosting the automotive engine oil packaging market.
The growing use of renewable energy in industrial equipment, such as electricity, is impeding the growth of the global lubricant packaging market. With the increased sales of hybrid and e-vehicles, demand from the automotive industry, the primary end-user, is declining significantly. The presence of low-cost engine oil substitutes, as well as society's growing preference for electric vehicles without engines, are among the major factors that will limit market growth and further challenge the automotive engine oil market during the forecast period.
This engine oil packaging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on engine oil packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Engine Oil Packaging Market Scope and Market Size
Global engine oil packaging market is segmented on the basis of packaging, lubricant, end use and material. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of packaging, the engine oil packaging market is segmented into stand-up pouches, bottles, drums, pails, cans and tubes.
- On the basis of lubricant, the global engine oil packaging market is segmented into engine oil, transmission and hydraulic fluid, process oil and metal-working fluid
- On the basis of end use, the global engine oil packaging market is segmented into automotive, metal working, oil and gas and power generation
- On the basis of material, the global engine oil packaging market is segmented into metal and plastic.
Engine Oil Packaging Market Country Level Analysis
The global engine oil packaging market is analysed and market size insights and trends are provided by country, packaging, lubricant, end use and material referenced above.
The countries covered in the engine oil packaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
The Asia-Pacific region accounts for the majority of the global lubricant packaging market. Rapid advancements in the automobile and power generation industries are significant contributors to market growth in this region. People's disposable income has increased, which has led to an increase in vehicle ownership, increasing demand for lubricants. The increasing use of transformer oil and turbine oil in the growing power generation industry is also fuelling market growth in China, India, Indonesia, Korea, and other countries.
The country section of the engine oil packaging market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Engine Oil Packaging Market Share Analysis
The engine oil packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Engine Oil Packaging market.
Some of the major players operating in the engine oil packaging market report are Motul, Petroliam Nasional Berhad (PETRONAS) (20076-K), ExxonMobil, Royal Dutch Shell, Total S.A., Fuchs Group, Petronas Lubricant International Sdn Bhd, Amsoil Inc, CASTROL LIMITED, Chevron Corporation, Oryx Energies SA, KenolKobil Ltd., Sinopec, Pennzoil, Equilon Enterprises, Lukoil and Idemitsu Kosan Co.,Ltd, Kiva Container, Protective Packaging Corporation, Transcendia, International Plastics Inc., AUER Packaging, Dou Yee Enterprises Singapore and Botron Company Inc. among other global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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