About Lubricant Packaging
The lubricants are a vital part of the power & energy production industry as heavy equipment as well as machinery, which is involved in on a large scale. Lubricants packaging is widely used across numerous industries such as automobile, metal fabrication, oil & gas, power generation, chemical industry, among others. Demand for lubricants packaging has increased owing to the upsurge in influencing the sales of passenger vehicles. For instance, in 2015, more than 263.6 million was registered vehicles in the United States. Therefore, the rising number of passenger vehicles across the world and increasing disposable income of people are projected to drive the global lubricants packaging market over the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The Lubricant Packaging market is dominated by a few global players and comprises several regional players. Some of the key strategies followed by the players operating in the global lubricant packaging market were innovation, product development, acquisition, and expansion. Some of the manufacturers operating in the market are Mauser, Schutz, Bway, Time Technoplast, Balmer & Lawrie, among others. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Lubricant Packaging market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bemis Company, Inc. (United States), Amcor plc (Australia), Martin Operating (United States), Scholle IPN (United States), Universal Lubricants (United States), Mauser Packaging Solutions (United States), Greif, Inc. (United States), Mondi Group (Austria), DUPLAS AL SHARQ L.L.C (United Arab Emirates) and Time Technoplast Ltd. (India) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Balmer Lawrie & Co. Ltd. (India), Glenroy (Australia), Mold-Tek Technologies Limited (India), Westrock Company (United States), BWAY Corp. (United States), Orora Ltd. (Australia), Milford Barrel Co Inc. (United States), Sigma Plastics Group (United States) and The International Paper Company (United States).
Segmentation Overview
AMA Research has segmented the market of Global Lubricant Packaging market by and Region.
On the basis of geography, the market of Lubricant Packaging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-User, the sub-segment i.e. Automotive will boost the Lubricant Packaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. Metal {Aluminium, Tin, Steel} will boost the Lubricant Packaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Lubricant Analysis, the sub-segment i.e. Engine Oils will boost the Lubricant Packaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging , the sub-segment i.e. Kegs & Drums will boost the Lubricant Packaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Automobile Sales in BRICS nations and Steadily Growing Power Generation Sector Worldwide and Technology Advancement regarding Lubricant packaging
Market Growth Drivers:
Growing Number of Passenger Vehicle across the World and Increasing Disposable Income of the Middle-Class Population and Rapid Industrialization
Challenges:
Issue related to Eco-Friendly Packaging Products
Restraints:
High Price of Synthetic & Bio-Based Lubricants and Growing Popularity of Hybrid Electric Vehicles
Opportunities:
Increasing Dependency on Private Transport Globally and Growing Demand from Emerging Economics such as China, India, Brazil, among others
Market Leaders and their expansionary development strategies
In July 2021, The global manufacturer of plastic packaging and recycling specialist, the ALPLA Group, has acquired the manufacturer Verigreen Packaging based in Durban. The company specialises in bottles and canisters for lubricants such as engine oils.
In 2018, the Bam Packing, Inc. (United States) Company provides offers stand-up pouches for packaging of motor oil and lubricants, which is recyclable as well as reusable. Therefore, it will affect the growth of the market in the future.
Key Target Audience
Lubricant Packaging Manufacturers Company, Wholesalers, Distributors and Retailers of Lubricant Packaging, Research and Development (R&D) Companies, Research Organization and Federal Agencies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.