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Lubricant Packaging Market Segmented By Application And Geography Trends,Growth And Forecast To 2023
Posted: Aug 08, 2019
Summary
Lubricant packaging market Trends, Opportunities, Growth, Future Scope, Analysis by material (metal, plastic), packaging type (stand up pouch, bottle, drum, intermediate bulk container), lubricant (engine oil, transmission & hydraulic fluid), end user (automotive), and region-Global Forecast till 2023
Lubricant Packaging Market Insights
According to a recent study by Market Research Future Reports, the global lubricant packaging market is predicted to expand at a robust CAGR during the period of 2023. The market is worth making millions by the end of the assessed period.
Lubricants packaging is expansively used across numerous industries, as it is essential for many applications such as power, automobiles, energy, and more. Also, the increasing need for convenient storage and packaging is positively driving the global lubricant packaging market growth over the forecast period. Even increasing demand for passenger cars with IC engines is expected to drive market growth creating future opportunities to dwell rapidly.
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Key Players
The protruding players in the lubricant packaging market are
- 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.
Lubricant Packaging Market Segmentation
The global lubricant packaging market has been segmented on the basis of material, packaging type, lubricant, end user, and region.
By the mode of material, the market comprises of metal and plastic. Of these, plastic accounts to have the largest market share as it is the most preferred material for lubricant packaging. Also, due to its inexpensiveness than metals, the lubricant packaging offers strength and durability for lubricant storage.
By the mode of packaging type, the market comprises of the stand-up pouch; bottle, drum, pail, can, tube, keg, bag-in-box, intermediate bulk container. Among them, the drum segment leads the market and is expected to thrive at the highest CAGR during the forecast period. Moreover, the growing demand for lubricants in the chemical industry is likely to increase the lubricant packaging market growth.
By the mode of lubricant, the market is comprised of engine oil, transmission & hydraulic fluid, process oil, metalworking fluid, general industrial oil, gear oil, and grease. Wherein, engine oil leads the market and is expected to proliferate at the highest CAGR during the prediction period owing to the swelling sales for passenger cars with IC engines.
By the mode of end user, the market has been segmented into automotive, metalworking, oil & gas, power generation, machine industry, chemicals, and others where automotive leads the market owing to the substantial consumption of lubricants for various vehicles.
Regional AnalysisRegionally, the lubricant packaging market has covered significant regions of North America, Europe, Asia-Pacific, and the rest of the world. Of them, Asia-Pacific has accounted for the largest market share in 2017 owing to the rapid growth in automobile sales, which is driving the growth of the market in Asia-Pacific. Moreover, the expansion of the oil & gas and automobile sector is also anticipated to fuel the market demand. With that, sustained investments in the oil & gas sector are also influencing the market growth positively. It has also been observed that rapidly growing industrialization in the region is even driving the demand of the market. Countries like China, Japan, India, and Singapore are the major markets where growing demand for long durable storage materials such as HDPE plastic on edge. This plays as a lucrative opportunity for the active players for market growth.
Whereas, North America is also leading the global lubricant packaging market in 2018 and is expected to continue its supremacy over the forecast timeframe. This growth is attributed to the growing need for lubricant packaging and the ever increasing sales of automobile and continuously developing automobile industry coupled with rapid technological advancements.
Europe is also likely to hold a substantial market share in the global lubricant packaging market owed to the incidence of major manufacturers, rising mergers and integration of operations. Besides, the mounting number of construction activities in Europe will also increase the demand for buses, heavy trucks, and other commercial vehicles which are anticipated to drive the lubricant packaging market in the future.
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TABLE OF CONTENTS
1. Executive Summary2. Scope Of The Report2.1. Market Definition2.2. Scope Of The Study2.2.1. Research Objectives2.2.2. Assumptions & Limitations2.3. Market Structure3. Market Research Methodology3.1. Research Process3.2. Secondary Research3.3. Primary Research3.4. Forecast Model4. Market Landscape4.1. Porter’s Five Forces Analysis4.1.1. Threat Of New Entrants4.1.2. Bargaining Power Of Buyers4.1.3. Threat Of Substitutes4.1.4. Segment Rivalry4.2. Value Chain/Supply Chain Of Global Lubricant Packaging MarketContinues…..LIST OF TABLES
Table 1 Global Lubricant Packaging Market: By Region, 2018-2023
Table 2 North America: Lubricant Packaging Market: By Country, 2018-2023
Table 3 Europe Lubricant Packaging Market: By Country, 2018-2023
Table 4 Asia-Pacific Lubricant Packaging Market: By Country, 2018-2023
Table 5 Middle East & Africa Lubricant Packaging Market: By Country, 2018-2023
Continues……..
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