Global Lubricants Packaging Market 2017-2021

Overview of the global lubricants packaging market

Research analysis on the global lubricants packaging market identifies that the rising demand for lubricants across the globe will be one of the major factors that will have a positive impact on the growth of the market. Technavio's market research analysts predict that this market will grow at a CAGR of more than 2% by 2021. Low fuel prices and the increase in the purchasing power of consumers will lead to the increase in global car production during the forecast period. Regions such as North America, China, Germany, and India are witnessing the increase in the production of cars. With the growth of car production, the requirement for lubrication products is expected to grow. Moreover, the rise in the production of electric vehicles due to the rising environmental concerns will further lead to the increase in demand for lubricants. This will drive the demand for lubricant packaging products in the market. The growth of the lubricants packaging market is also driven by the increase in the industrialization in emerging countries such as Brazil, Russia, India, China, and South Africa (BRICS). The increase in demand for transmission fluids, engine oils, and gear oils for commercial and consumer automobiles has further fueled the demand for lubricants packaging.

The rise in demand for pouch packaging is one of the latest trends that will contribute to the growth of this market in the forthcoming years. The transition from the utilization of rigid lubricant bottles to stand-up pouches is driving the growth of the global lubricants packaging market. Stand-up pouches involve features such as reduced weight packaging, portability, durability, protection, eco-friendly, and space efficiency during storage. These convenient pouches are expected to drive the demand for stand-up pouch packaging, further increasing the demand for lubricants packaging during the future.

Competitive landscape and key vendors  

The lubricants packaging market has companies that manufacture and distribute flexible and rigid plastic packaging solutions for the lubricants industry. The packaging manufacturers in this market are focusing on expanding their geographical reach through mergers and acquisitions, for reducing operational cost and to remain competitive in the market. Oil packaging companies in the market compete on factors such as price, volume, capacity, product quality, and technological innovations. In addition, they are also expanding their businesses by launching new innovative products and establishing new manufacturing facilities.

The leading vendors in the market are -

• Amcor
• Glenroy
• Graham Packaging
• Mold-Tek Packaging
• Scholle IPN

The other prominent vendors in the market are BAM Packaging, Berry Plastics, CDF , KLW Plastics, Nipa Industry, Smurfit Kappa, Sonoco Products, Takween Advanced Industries, and Zamil Plastics.

Segmentation by packaging and analysis of the lubricants packaging market

• Automotive lubricants packaging
• Industrial lubricants packaging
• Grease packaging

According to the lubricants packaging market research report, the automotive lubricants packaging segment accounted for the major shares of the lubricant oil packaging market. Factors such as the rise in purchasing power of consumers and the demand for lubricants from automotive workshops for vehicle maintenance, will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the lubricants packaging market

• Americas
• APAC
• EMEA

The metal lubricant market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the lubricant oil packaging market throughout the forecast period. The increase in manufacturing contracts, population, government initiatives, and sales of automotive products will drive the growth of the lubricants packaging market in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global lubricants packaging market?
• What are the key market trends impacting the global lubricants packaging market?
• What are the challenges to market growth?
• Who are the key vendors in the global lubricants packaging market?
• What are the market opportunities and threats faced by the vendors in the global lubricants packaging market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global lubricants packaging market?

Technavio also offers customization on reports based on specific client requirement.