Lubricant Packaging Market Size| COVID-19 Impact, is expected to grow at 8.5% CAGR during forecast 2023

Market Highlights

The rise in automobile sales in developed countries has led to a number of opportunities for the market growth. Lubricant packaging is used for storing the lubricants and simultaneously maintaining their properties for a specified amount of time. Materials like plastic and metal are mainly used for packaging lubricants. Growing demand for automation in chemical industries is expected to fuel the market growth. However, the rise of CNG vehicles and stringent government regulations regarding pollution can restrict the growth of the market.

Key Players

The prominent players in the Lubricant Packaging Market Size include 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), SCHÜTZ GmbH & Co., KGaA (Germany) and among others.

Market Research Analysis

For the purpose of this study, the global Lubricant Packaging Market Size has been divided on the basis of five segments: material, packaging type, lubricant, end user, and region.

On the basis of material, the Lubricant Packaging Market Size has been segmented as metal and plastic. Under the material segment, plastic accounts for the largest market share as it is inexpensive as compared to its counterpart and provides enough strength and durability to the lubricant packaging. On the basis of packaging type, the market has been segmented as stand-up pouches, bottles, drums, pails, cans, tubes, kegs, bag-in-box, intermediate bulk containers. Drums segment dominates the market by packaging type and is expected to grow at the highest CAGR during the forecast period. Rise in demand for lubricants from industries across the power generation segment and increasing preference of consumers towards high-performance vehicles is expected to increase the market growth. COVID-19 Impact

On the basis of lubricants, the market has been segmented as engine oils, transmission & hydraulic fluids, process oils, metalworking fluids, general industrial oils, gear oils, greases. Engine oil dominates the lubricants segment of the market and is expected to grow at the highest CAGR during the forecast period. Rise in demand for automobiles along with the adoption of industrial automation for various manufacturing processes is likely to fuel the demand for process oils in the market. Metalworking fluids are is also expected to contribute significantly during the forecast period. 

Intended Audience

Lubricant manufacturers

Lubricant distributors / suppliers

Transportation providers

Raw material suppliers

Automotive Aftermarket

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