Lubricant Packaging Market Update, Analysis, Forecast, 2019 – 2024

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Lubricant Packaging Market Growth Outlook with
Industry Review and Forecast 2019-2024
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Global Market Scenario of Lubricant Packaging
Industry

• Plastic held more than 70 of global lubricant
  packaging market share on account of its
  durability, easy availability and cost
  competitiveness in 2016.
• In plastic sub-segment, polyethylene held
  approximately 40 in 2016 of overall plastic
  lubricant packaging market. In metal sub-segment,
  aluminum accounted over 60 of industry chunk in
  2016.
• Aluminum is cost effective, abundantly available
  in earth's crust and lightweight making it highly
  suitable for applications demanding minimum
  packaging weight.
• In 2016, kegs drums generated largest revenue
  in lubricant packaging market, followed by cans
  bottles. Can bottles shall experience surge in
  demand in the near future due to its extensive
  usage across all key end-users for handling,
  storing and transporting lubricants.
• Pails are anticipated to grow at around 3 CAGR
  during the forecast period owing to rising demand
  for compact and small lubricant vessels and
  containers.
• Process oils shall witness maximum growth in
  lubricant packaging market by 2024. Process oils
  play a key role in manufacturing polymer
  products, which are used in consumer goods,
  automotive, medical sector, etc.

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• Process oil observes substantial demand from
  escalating rising automobile industry due to its
  ability to offer unique traits such as high
  saturation point, purity, stability and low
  volatility.
• Positive growth indicators in automobile and
  power generation industry will be primarily
  driving lubricant packaging market during the
  forecast timeframe.
• The global automotive sales in 2005 was roughly
  65 million units and reached 93 million units in
  2016, this elevation in the automotive sales is
  poised to positively influence lubricant
  packaging market for the forecast duration.
• North America plays an important role in
  lubricant packaging market due to technological
  upgradations in automobile sector accompanied
  with numerous ongoing shale gas exploration in
  the U.S.
• Oscillating petrochemical price dynamics and land
  pollution from plastic packaging products lays
  challenge for future lubricant packaging market
  players.

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360 Industry Analysis

• In 2016, Asia Pacific, led by China held largest
  share of global lubricants packaging market and
  shall hold its position in terms of volume during
  the forecast timespan.
• Asia Pacific is currently witnessing huge foreign
  direct investments from multi-national power
  generation and automobile players, which is
  anticipated to boost the industrial scenario in
  countries including India, Japan, china,
  Thailand, Malaysia, Indonesia, etc.
• In 2016, Europe followed APAC in global lubricant
  packaging market volume. Prevalence of
  substantial automobile industry in Germany, the
  UK, and France are prime drivers for lubricant
  packaging market in the region.
• North America will witness significant growth
  rate after Asia Pacific by 2024 in lubricant
  packaging market owing massive lubricant demand
  across industries such as automotive, power
  generation and oil gas.
•  

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• Competitive Analysis
• Lubricant packaging market share was fairly
  consolidated in 2016 with major player holding
  50 industry share. Key product manufacturers
  include BWAY Corporation, Balmer Lawrie, Grief,
  Glenroy, Time Technoplast, Milford Barrel, Mauser
  Group, and SCHUTZ.

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