Lubricant Packaging Market Size, Share, Trends, Growth 2032

Lubricant Packaging Industry Prospective:

The global lubricant packaging market size was worth around USD 8.15 billion in 2023 and is predicted to grow to around USD 13.55 billion by 2032 with a compound annual growth rate (CAGR) of roughly 5.82% between 2024 and 2032.

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The study also offers the market attractiveness and Porter’s Five Forces model analysis to gauge the competitive landscape of the major vendors of the global lubricant packaging market. This comprehensive study also provides a detailed analysis and overview of each segment.

Lubricant Packaging Market: Growth Drivers

Lubricants packaging is extensively used across numerous industries, as it is essential for many applications, such as power, automobiles, energy, etc. The increasing disposable income of people is positively influencing the sales of passenger vehicles’—mainly SUV cars—which, in turn, is expected to drive the global lubricant packaging market growth over the forecast period.

The increasing automobiles sale in emerging countries is likely to drive the lubricant packaging market globally in the years ahead. Lubricant packaging is used to store lubricants and concurrently maintain their properties for a specific period of time. Materials like metal and plastic are majorly used for packaging lubricants. The rising need for automation in chemical industries is expected to further propel the lubricant packaging market growth over the forecast time period. The automobile industry is a major user of lubricants. Engine designs are continuously improving to enhance performance, increase efficiency, and meet various environmental emission regulations. Engine oils lubricate the parts and protect engine components apart from being an essential contributor to the durability and consistency of modern internal combustion engines.

Thus, these factors are likely to increase product demand and, in turn, drive the lubricant packaging market in the future. However, environmental pollution caused due to plastic clogging and landfills and the fluctuation raw material prices might restrain this market in the upcoming years.

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Lubricant Packaging Market: Segmentation

The report concludes the major material type, lubricant, packaging, end-user, and region.

By material type, the lubricant packaging market is bifurcated into metal and plastic. The metal segment is further divided into aluminum, tin, and steel. The plastic segment is further fragmented into Polyethylene (PE), Polyethylene terephthalate (PET), Polyvinyl chloride (PVC), Polypropylene (PP), and others.

By lubricant, this global market is segmented into general industrial oils, transmission and hydraulic fluids, engine oils, metalworking fluids, process oils, and others.

By packaging, this market is segmented into cans and bottles, kegs and drums, pails, Intermediate Bulk Packaging (IBC), and others.

The end-user includes automobile, metal fabrication, oil and gas, power generation, chemical industry, and others.

Lubricant Packaging Market: Report Scope

Lubricant Packaging Market: Regional Analysis

The regional segmentation includes the historic and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

By region, the global lubricant packaging market includes Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa. North America dominated the global lubricant packaging market in 2018 and is expected to continue its regional supremacy over the forecast timeframe as well. This regional growth can be attributed to the rising need for lubricant packaging and the growing sales of automobile across the North American region. Increasing disposable income of the middle-class population and rapid industrialization is likely to drive the Asia Pacific lubricant packaging market over the estimated time period.

Lubricant Packaging Market: Competitive Analysis

The global lubricant packaging market is led by players like:

• Bemis Company
• Amcor Ltd
• Martin Operating
• CYL
• Scholle
• Universal Lubricants
• Mauser Group
• Greif
• Mondi Plc
• Duplas
• Time Technoplast
• Balmer Lawrie
• Glenroy
• Mold Tek
• Westrock Company
• BWAY Corp
• Orora Ltd
• Milford Barrel
• Sigma Plastics Group
• International Paper Company

This report segments the global lubricant packaging market into:

Global Lubricant Packaging Market: Material Type Analysis

• Metal
  • Aluminum
  • Tin
  • Steel
• Plastic
  • Polyethylene (PE)
  • Polyethylene terephthalate (PET)
  • Polyvinyl chloride (PVC)
  • Polypropylene (PP)
  • Others

Global Lubricant Packaging Market: Lubricant Analysis

• Engine Oils
• Transmission and Hydraulic Fluids
• Lubricant Oils
• Metalworking Fluids
• General Industrial Oils
• Others

Global Lubricant Packaging Market: Packaging Analysis

• Kegs and Drums
• Cans and Bottles
• Intermediate Bulk Packaging (IBC)
• Pails
• Others

Global Lubricant Packaging Market: End-User Analysis

• Automobile
• Metal Fabrication
• Oil and Gas
• Power Generation
• Chemical Industry
• Others

Global Lubricant Packaging Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa