Global Lubricant Packaging Market – Industry Trends and Forecast to 2029

Market Analysis and Size

With the rising demand for the convenient storage and packaging for lubricants especially across automotive sector, led to various developments and advancements by market players, further amplify growth of the lubricants packaging market. Moreover, the substantial increment in demand for plastic material for the packaging of lubricants will aid the continuous expansion of the market in the long run.

• Global Lubricant Packaging Market was valued at USD 10.38 billion in 2021 and is expected to reach USD 17.03 billion by 2029, registering a CAGR of 6.00% during the forecast period of 2022-2029. “Plastic " accounts for the largest materials industry segment in the lubricant packaging market owing to its lightweight and durable properties. The lubricant packaging market report also covers pricing analysis, patent analysis, and technological advancements in depth.

Market Definition

Packaging is a significant thing to prevent any product. Lubricant packaging is used to keep lubricants safe for a set period of time. This packaging is widely used across various end users such as the automotive, metal working, oil and gas, power generation, machine industry, chemicals and other manufacturing. Manufacturers are increasingly innovating with the materials keeping in mind the customer demand and manufacturing costs.

Lubricant Packaging Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

• Growing Demand For Flexible Packaging 

The rising demand for the flexible packaging among various packaging companies owing to its price and convenience is projected to accelerate the growth of the market. Moreover, flexible packaging products are significantly lighter than rigid plastic bottles and use 60% less plastic, which further increases the overall growth of the market.

• Expansion of end user verticals

The growth and expansion of various end user verticals such as automotive, metal working, oil and gas, power generation, machine industry, chemicals and other manufacturing is directly proportional to the increasing demand for materials and packaging solutions. Additionally, huge growth opportunities in power generation segment will bolster the growth of the market.

• Growth in Product Development and Advancements

Furthermore, rapid advancement in automotive industry are other market growth determinants. Surging development in the flexible packaging solution, growing technological advancements in the packaging equipment and technology to accommodate a diversified range of products and increased e-commerce industry's proliferation extend profitable opportunities to the market players in the forecast period of 2022 to 2029.

• Rising Economic Growth

Surging urbanization, modernization and globalization drive market value growth. Additionally, due to higher levels of economic growth and improvements in the quality of life, the developing nations will witness an increased demand which will further expand the future growth of the lubricant packaging market. 

Restraints/Challenges

• Fluctuating Prices 

The fluctuating prices of the raw material used in the industry especially the petrochemical feedstock prices will create hindrances for the growth of the lubricant packaging market.

• Rising Concerns Regarding Environment

The environmental pollution caused by plastic packaging formats will prove to be a setback in the demand of the lubricant packaging solutions, as it gives rise to various environmental concerns, which challenge the lubricant packaging market.    

Also, dearth of awareness in underdeveloped regions will act as growth restraints for the market.

This lubricant 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 localized 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 the lubricant 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.

Post COVID-19 Impact on Lubricant Packaging Market

The recent outbreak of coronavirus has critically impacted the various sectors across the globe. The materials and packaging sector was also grievously hit by the pandemic. The various restrictions in travel and movement of goods for curbing the virus spread have negatively affected the lubricant packaging market. Various lockdown and social distancing restrictions led to the poor performance of the automotive industry and the major end-user industries along with large-scale disruptions in the supply chain, resulting in downfall in the demand for lubricant and lubricant packaging. As a result, the materials and packaging industry had to bear financial losses, therefore negatively impacting the lubricant packaging market.

On the brighter side, the manufacturers are focusing on developing better products, keeping in mind the new market trends to fulfil consumer requirements in the post-pandemic phase. Market has shown a quick recovery in the few months of relaxation of restriction measures across the globe and the new technological advancements will further help to excel the availability of lubricant packaging in the developing and emerging markets post pandemic.

Recent Development

• In May 2021, Shell developed stainless steel cans for lubricant packaging. In France, the company has introduced this modern two-piece can for trial in a closed-loop reusable shopping platform.
• In January 2021, FlexFillTM, a gear oil packaging in the form of bags was introduced by Valvoline Inc., one of the leading lubricant suppliers in the United States. The company intends to implement a flexible packaging format strategy that will reduce packaging material consumption.
• In December 2020, SK Lubricants, largest lubricant manufacturer in South Korea, announced plans to increase the use of environmentally friendly packaging for its engine oil products. The industry will begin producing containers made entirely of a single plastic substance, thereby increasing the percentage of plastic that is recycled and thus helping the environment.

Global Lubricant Packaging Market Scope

The lubricant packaging market is segmented on the basis of packaging type, material, lubricant and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Packaging Type

• Stand-up Pouches
• Bottles
• Drums
• Pails
• Cans
• Tubes
• Kegs
• Bags-in-box
• IBC

On the basis of packaging type, the lubricant packaging market has been segmented into stand-up pouches, bottles, drums, pails, cans, tubes, kegs, bags-in-box and IBC.

Material

• Metal
• Plastic
• Others

On the basis of material, the lubricant packaging market has been segmented into metal, plastic and others. Metal is sub-segmented into tin and steel. The plastic is sub-segmented into polyethylene, polyvinyl chloride (PVC), polyethylene terephthalate (PET), polystyrene (PS), polypropylene (PP) and polyamide (PA). Plastic is estimated register the largest share in the lubricants packaging market owing to its lightweight and durable properties.

Lubricant

• Engine Oil
• Transmission and Hydraulic Fluid
• Process Oil
• Metal-working Fluid
• General Industrial Oil
• Gear Oil
• Greases

The lubricant packaging market has also been segmented on the basis of lubricant into engine oil, transmission and hydraulic fluid, process oil, metal-working fluid, general industrial oil, gear oil and greases.

End Use

• Automotive
• Metal Working
• Oil and Gas
• Power Generation
• Machine Industry
• Chemicals
• Other Manufacturing

On the basis of end use, the lubricant packaging market is segmented into automotive, metal working, oil and gas, power generation, machine industry, chemicals and other manufacturing.

Lubricant Packaging Market Regional Analysis/Insights

The lubricant packaging market is analysed and market size insights and trends are provided by country, packaging type, material, lubricant and end use as referenced above.

The countries covered in the lubricant 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.

Asia-Pacific dominates the lubricant packaging market because of the occupancy of various emerging marketplaces linked with accelerated industrialization and urbanization in the province which is anticipated to thrust the requirement for lubricants in the province.

Europe, on the other hand, is estimated to register a significant growth owing to the increasing development of high-end machinery and equipment for industrial applications.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 Lubricant Packaging Market Share Analysis

The lubricant 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 lubricant packaging market.

Some of the major players operating in the lubricant packaging market are Amcor plc (Switzerland), Glenroy, Inc., (US), Graham Packaging Company (US), Mold-Tek Packaging Ltd. (India), Sonoco Products Company (U.K), Scholle IPN (US), Mondi (U.K), BAM Packaging Consulting GmbH (US), Berry Global Inc. (US), Greif (US), Schütz GmbH & Co. KGaA. (Germany), Arlington Packaging (Rental) Limited (U.K), and Pensteel Ltd., (U.K) among others.

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