Lubricant Packaging Market Research Report Information By Material (Metal, and Plastic), By Packaging Type (Stand Up Pouch, Bottle, Drum, and Intermediate Bulk Container), By Lubricant (Engine Oil, and Transmission & Hydraulic Fluid), and By Region (North America, Europe, Asia-Pacific, and Rest of the World) –Market Forecast Till 2032

Global Lubricant Packaging Market Overview

Lubricant Packaging Market Size was valued at USD 4.5 Billion in 2022. The Lubricant Packaging market industry is projected to grow from USD 4.80 Billion in 2023 to USD 8.16 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.85% during the forecast period (2023 - 2032). Increasing demand for storage and packaging convenience. In addition, flexible packaging is gaining popularity among packaging companies due to its affordability and convenience are the key market drivers enhancing market growth.



Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Lubricant Packaging Market Trends

• Growing demand for convenient packaging is driving the market growth

Market CAGR for lubricant packaging is being driven by the rising demand for convenient yet strong packaging from various sectors. The packaging of a product is crucial for its protection. Lubricant packaging is used to maintain the safety of lubricants for a specified period of time. This packaging is utilized by a variety of industries, including the automotive, metalworking, oil and gas, electricity production, machine industry, chemical, and other manufacturing sectors. Keeping in mind consumer demands and manufacturing costs, producers innovate progressively with materials.

Additionally, the rising demand for flexible packaging among packaging companies due to its affordability and convenience is anticipated to drive market expansion. Moreover, flexible packaging products are considerably lighter than rigid bottles of plastic and use 60% less plastic, which contributes to the expansion of the market as a whole. The growth and expansion of various end-user industries, such as automotive, metal working, oil and gas, power generation, machine industry, chemicals, and other manufacturing, are directly proportional to the rising demand for materials and packaging solutions. In addition, enormous growth opportunities in the power generation sector will contribute to the expansion of the market.

The advancement of the automotive industry is another factor influencing market expansion. During the period from 2022 to 2029, the accelerating development of flexible packaging solutions, the growing technological advances in packaging technology and machinery to accommodate a broader range of products, and the expansion of the e-commerce industry will create lucrative opportunities for market participants. Increasing urbanization, modernization, and ization drive the development of market value. In addition, due to greater amounts of economic development and improvements in quality of life, developing nations will experience an increase in demand, which will contribute to the market's future expansion. This lubricant packaging market report provides details of recent developments, rules governing trade, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized competitors, analyses opportunities in terms of new revenue streams, shifts in market rules, strategic market expansion analysis, market size, category market development, application niches and dominance, approval of products, introduction of products, geographies covered, and competitive landscape. For more information on the market for lubricant packaging, contact Data Bridge Market Research Inc. for an Analyst Brief; our team will assist you in making a well-informed decision for market expansion.

For instance, demand for lubricant packaging is fuelled by intensive R&D efforts and the automotive industry's rapid growth. Increasing auto sales are boosting lubricant demand, propelling the lubricant packaging market forward. In the automotive industry, the use of semi-liquid, liquid, and solid lubricants has increased the demand for lubricant packaging. In addition, there has been a rise in demand for intermediate bulk containers, which are used to store lubricants such as lubricating oil and others. This is driving the Lubricant Packaging market revenue.

Lubricant Packaging Market Segment Insights

Lubricant Packaging Material Insights

The  Lubricant Packaging market segmentation, based on Material includes Metal, and Plastic. The plastic material segment dominated the market in 2022. Plastic containers have better mechanical and physical properties and are more affordable. These containers are resistive to corrosion, leakage, and substances that degrade materials. In addition, these plastic containers can be molded into a variety of forms, ranging from large barrels to miniature gallons. HDPE and Polypropylene are the most common plastics used to create lubricant packaging containers.

Figure1: Lubricant Packaging Market, by Distribution channel, 2022&2032 (USD Billion)

                           

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Lubricant Packaging Type Insights

The  Lubricant Packaging market segmentation, based on Packaging Type, includes Stand Up Pouch, Bottle, Drum, and Intermediate Bulk Container. The drum sector has a greater share of the market due to its efficient design, which makes handling and transporting simpler. Additionally, these barrels offer increased mechanical durability and immunity to a variety of chemical and physical issues.

Lubricant Packaging Lubricant Insights

The  Lubricant Packaging market segmentation, based on Lubricant, includes Engine Oil, and Transmission & Hydraulic Fluid. As a result of the high demand for engine oil, engine oil holds the greatest share of the  lubricant market. Increasing demand for automobiles with internal combustion engines and industrial automation are primarily responsible for a great need for engine oil.

Lubricant Packaging Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Lubricant Packaging market area will dominate this market, owing to an increase in automotive industry and disposable income among middle class people in the region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure2: LUBRICANT PACKAGING MARKET SHARE BY REGION 2022 (USD Billion)

                     

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Lubricant Packaging market accounts for the second-largest market share due to advancing the creation of sophisticated apparatus and equipment for industrial applications in the region. Further, the German Lubricant Packaging market held the largest market share, and the UK Lubricant Packaging market was the fastest growing market in the European region

The Asia-Pacific Lubricant Packaging Market is expected to grow at the fastest CAGR from 2023 to 2032. This is owing to the increasing demand and expansion of the region's automotive industry. Population growth in countries increases the demand for automobiles. Moreover, China’s Lubricant Packaging market held the largest market share, and the Indian Lubricant Packaging market was the fastest growing market in the Asia-Pacific region.

Lubricant Packaging Key Market Players& Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Lubricant Packaging market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their  footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Lubricant Packagingindustry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the  Lubricant Packaging industry to benefit clients and increase the market sector. In recent years, the Lubricant Packaging industry has offered some of the most significant advantages to lubricant market. Major players in the Lubricant Packaging market, including 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), and others, are attempting to increase market demand by investing in research and development operations.

Scholle Packaging is the  market leader in bag-in-box packaging for the food, beverage, and lubricant industries. With manufacturing facilities on five different continents and products sold in more than 60 nations. They provide a wide range in packaging solutions and expertise to meet the requirements of their customers, and they continually enhance their operations to better respond to and serve those customers. Their bag-in-box product selection consists of flexible films, filling equipment, bags, fittings, and closures. In 2020, As an international leader in adaptable packaging solutions, Scholle IPN has reached a significant production benchmark of sixty million bag-in-box containers. With their packaging solutions, they have integrated advanced dispensing technological advances and high-speed filling apparatus.

Amcor plc is a worldwide packaging corporation. It designs and manufactures adaptable packaging, rigid vessels, specialty cartons, closures, and services for food, beverage, medicine, medical-device, household, and personal-care products, among others. Amcor is included in a number of international stock market indices, such as the Dow Jones Sustainability Index, the CDP Climate Transparency Leadership Index (Australia), the MSCI  Sustainable development Index, the Ethibel Superiority Investment Register, and the FTSE4Good Index Series, which reflects its  status. In 2019, Amcor acquired Bemis Company in a stock-for-stock transaction. The merger of these two complementary businesses created a worldwide leader in customer packaging, with the footprint, scale, and capabilities to generate significant value for shareholders, provide customers and employees with the most appealing value proposition in the packaging industry, and deliver the most environmentally sustainable innovations.

Key Companies in the Lubricant Packaging market 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)


• SCHUTZ GmbH & Co.


• KGaA (Germany)

Lubricant Packaging Industry Developments

May 2021: Shell developed lubricant containers made of stainless steel. In France, the company has launched a trial of this modern two-piece can on a platform for reusable purchasing loops.

December 2020: SK Lubricants, the largest manufacturer of lubricants in South Korea, has announced intentions to increase the use of sustainable packaging for its engine oil products. The industry will start manufacturing packages made completely of a single plastic material, assisting the environment by increasing the proportion of plastic that is recycled.

January 2021: Valvoline Inc., one of the foremost suppliers of lubricants in the United States, has introduced bag packaging for FlexFillTM gear oil. The company intends to implement a strategy that reduces packaging material consumption by employing flexible packaging formats.

Lubricant Packaging Market Segmentation

Lubricant Packaging Material Outlook

• Metal


• Plastic

Lubricant Packaging Type Outlook

• Stand Up Pouch


• Bottle


• Drum


• Intermediate Bulk Container

Lubricant Packaging Lubricant Outlook

• Engine Oil


• Transmission & Hydraulic Fluid

Lubricant Packaging Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America
  
  
  
  

Report Scope:

Report Attribute/Metric	Details
Market Size2022	USD 4.5 Billion
Market Size 2023	USD 4.80 Billion
Market Size2032	USD 8.16 Billion
Compound Annual Growth Rate (CAGR)	6.85% (2023-2032)
Base Year	2022
Market Forecast Period	2023-2032
Historical Data	2018- 2022
Market Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered	Material, Packaging Type, Lubricant, and Region
Geographies Covered	North America, Europe, AsiaPacific, and the Rest of the World
Countries Covered	The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled	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), and others
Key Market Opportunities	A growing demand for storage and packaging convenience
Key Market Dynamics	Growing demand for small-pack lube packaging has caused a paradigm shift towards flexible packaging systems in the lubricant packaging market.

Frequently Asked Questions (FAQ) :