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Lubricant Packaging - Market Forecast 2020-2025 | Latest Trends and Opportunities

New research report on Lubricant Packaging market, which is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, Lubricant Packaging market also includes an in-depth study of the industry's competitive scenario.

Lubricant packaging is widely used across all major industries as lubricants are an essential part of many applications. Exponentially growing automobile industry shall positively impact lubricant packaging market for the forecast duration. Rising disposable income of consumers, especially in Asia Pacific and Latin America, is directly influencing sales of passenger vehicles, which is a positive sign to look out for lubricant packaging market growth in the forecast timespan. North America is also an active market for product manufacturers due to large number of ongoing shale oil/gas reserve exploration projects in the U.S. and technologically evolving automobile sector.

Lubricant Packaging Market is forecast to exceed USD 15 billion; according to a new research report

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In 2016, cans & bottles segment held a major share of global lubricant packaging market. The industry share shall increase in the coming years owing to its widespread usage among end-users for storing and handling lubricants. Kegs & drums also had a prominent market share in 2016. Pails is poised to expand at CAGR, near to 3%, on account of increasing demand for small d lubricant containers for retail outlets.

Lubricant Packaging - Market Forecast 2020-2025 | Latest Trends and Opportunities
Lubricant Packaging - Market Forecast 2020-2025 | Latest Trends and Opportunities

Request Sample Copy of this Report @ https://www.cuereport.com/request-sample/12496

Robust growth in energy and power generation sector will be driving product demand for the forecast duration. The major challenges for future lubricant packaging market shall be environment pollution caused from plastic clogging & landfills and the fluctuations in raw material prices.

In 2016, engine oils led the overall lubricant packaging market. Engine oil is used for I.C engines in trucks, cars, lawnmowers and generators. The increase in automobile sales and after sales service support has substantially influenced engine oils sales in recent times, which is a positive growth indicator for product demand. In end-user segment, for the year 2016, automobile accounted for the largest market share and shall grow at more than 3% CAGR in the forecast timeframe.

In 2016, plastic held major share in global lubricant packaging market due to its easy availability, durability and cost effectiveness. Polyethylene held close to 40% of global lubricant packaging market share in the same year. In metal segment, aluminum had the major market share in 2016. It is cost completive and lightweight compared to steel and tin.

Asia Pacific for lubricants packaging market is likely to witness gains close to 3.5% during the forecast timeframe. It is due to the developing economic conditions, which have substantially propelled chemical, manufacturing and automobile industry growth in countries especially India, China, Japan and Indonesia. Asia Pacific, in terms of volume and value, shall remain the global lubricant packaging market leader during the forecast period.

North America followed Asia Pacific in terms of growth expected by 2024 for lubricant packaging market and had a noticeable business share in 2016. Shale oil/gas reserves refining sites and advancing automobile industry are two major end-users in the U.S., which are likely to fuel product demand in this region. Latin America shall witness growth, close to 2%, by 2024. This can be attributed to its developing chemical industry and rising demand for passenger vehicles.

In 2016, The lubricant packaging market was consolidated. Major product manufacturers including Balmer & Lawrie, Glenroy, Grief Inc., Time Technoplast, Mauser Group B.V, Milford Barrel, SCHÜTZ GmbH & Co., KGaA and BWAY Corporation accounted for more than 50% of industry share.

Lubricant packaging research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in thousand units and revenue in USD thousand from 2013 to 2024, for the following segments:

Lubricant Packaging market by material

Metal

Aluminum

Tin

Steel

Plastic

Polyethylene (PE)

Polyethylene terephthalate (PET)

Poly vinyl chloride (PVC)

Polypropylene (PP)

Others

Lubricant Packaging market by packaging type

Kegs & drums

Cans & bottles

Intermediate bulk packaging (IBC)

Pails

Others

Lubricant Packaging market by lubricant

Engine oils

Transmission & hydraulic fluids

Process oils

Metalworking fluids

General industrial oils

Others

Lubricant Packaging market by end-user

Automobile

Metal fabrication

Oil & gas

Power generation

Chemical industry

Others

Major Highlights from Table of contents are listed below for quick lookup into Lubricant Packaging Market report

Chapter 1. Methodology and Scope

  • Definitions & forecast parameters
  • Methodology and forecast parameters
  • Data Sources

Chapter 2. Executive Summary

  • Business trends of Lubricant Packaging Market
  • Product trends
  • Application trends

Chapter 3. Lubricant Packaging Industry Insights

  • Lubricant Packaging Market Industry segmentation
  • Industry landscape
  • Analysis of Manufacturers in the Lubricant Packaging industry
  • Distribution channel analysis
  • End-use landscape
  • Vendor matrix
  • Lubricant Packaging Market Technology & innovation landscape
  • Industry impact forces
  • Lubricant Packaging Market Growth drivers
  • Industry pitfalls & challenges
  • Key trends by Segments

Chapter 4. Company Profiles

  • Business Overview of Lubricant Packaging Market Companies
  • Financial Data
  • Product Landscape
  • Strategic Outlook and Decisive Analysis of companies in Lubricant Packaging Market
  • SWOT Analysis

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