The global lubricant packaging market is estimated to top US$ 12.06 billion in 2023 and is projected to reach US$ 20.4 billion by 2033, moving forward at a CAGR of 5.4%.
As the need for oil and gas rises in regions across the globe, it is anticipated that the demand for lubricant packaging as well is going to be on a surge. For example, according to the International Association of Oil & Gas Producers (IOGP), three out of every four barrels of oil needed by Europe have been imported.
The market for lubricant packaging is expected to grow at a faster pace on account of several advances and advancements made by market players. In response to the growing need for lubricant storage and packaging, particularly in the automobile industry.
| Report Attribute | Details |
|---|---|
| Market Size in 2023 | US$ 12.06 billion |
| Market Size in 2033 | US$ 20.4 billion |
| Market Value CAGR (2023 to 2033) | 5.4% |
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The global market is anticipated to gain traction due to the increasing demand for flexible strong solutions used for various applications across diverse industries.
According to Future Market Insights (FMI), the overall sales in the lubricant packaging market are projected to increase at 5.4% CAGR between 2023 and 2033. In comparison to the 4.7% CAGR registered from 2018 to 2022.
Flexible packaging is becoming more popular among packaging companies owing to its price and convenience. Increased demand for small-pack lubricant packaging has resulted in a paradigm shift in the lubricant packaging demand toward flexible packaging systems.
Due to its flexibility, the lubricant packaging format has a higher product-to-container ratio than a rigid plastic oil container or other packaging design. Flexible packaging products are significantly lighter than rigid plastic bottles and use 60% less plastic.
On the back of these factors, the lubricant packaging industry is expected to witness robust growth, surpassing US$ 20 billion by the end of 2033.
Extensive research and development activities and rapid advancement in the automotive industry are fuelling the demand for lubricant packaging. Growing sales of automobiles are driving up demand for lubricants, which is boosting the demand for lubricant packaging forward.
The need for lubricant packaging in the automobile industry is increasing with the use of semi-liquid, liquid, and solid forms. Besides this, demand for product packaging solutions such as intermediate bulk containers used to store lubricants such as grease oil and others has surged.
Rising demand for vehicles in the automotive industry is resulting in high demand for lubricants. This is favoring the growth in lubricant packaging globally. Moreover, rising spending, particularly for fuel, compound, and power creation areas, is expected to aid the growth in the market.
Principal Consultant
Over the forecast period, growing demand for lubricants from the automotive industry across China and India is expected to boost the market. In addition, increased automobile sales and development in the power generation industry likely drive growth in the market.
Increasing investments, especially in the oil and gas, chemical, and power industries, are anticipated to aid the growth of the market during the forecast period. Components such as pumps, gearboxes, and turbines are used regularly in industries, driving the demand for lubricant packaging.
Petrochemical derivatives are used as raw materials in diverse industries. As a result, fluctuating petrochemical feedstock prices might impede the growth of the lubricant packaging industry.
Expansion of the Automotive Industry to Boost the Lucrative Packaging Market
According to Future Market Insights, the United States of America is anticipated to be the top lucrative pocket for lubricant packaging in North America. According to the study, the United States of America held about 20.9% market share in North America in 2022.
The United States has one of the world's leading automotive industries. As lubricant packaging provides an airtight leak-proof solution, the market is likely to witness lucrative growth opportunities in the United States automotive industry over the coming years.
According to American Automotive Policy Council (AAPC) in 2018, FCA US, Ford, and Gm produced 508 million automobiles in the United States Likewise, these companies sold over 7.7 million automobiles thereby spiking the demand for lubricant packaging.
Demand for Lubricant Packaging to Increase amid Expansion of Oil & Gas Industry
Expansion of the oil and gas industry in the United Kingdom likely boosts the demand for lubricant packaging across Europe. As per FMI, the overall sales in the United Kingdom were estimated to reach US$ 157.5 million in 2022.
The United Kingdom lubricant packaging market is expected to advance at 3% of CAGR from 2023 to 2033.
The exponential growth of the oil & gas industry in Europe likely augments the sales of lubricant packaging. According to the International Association of Oil & Gas Producers (IOGP), Europe has imported more than three out of four barrels of the oil it needs.
The United Kingdom consumed 14% of gas in Europe, or 79 billion cubic meters. Furthermore, this indicates that the growing production and consumption of the oil & gas industry in European countries increasing the demand for lubricant packaging.
Expansion of the Chemical Industry to Fuel Lubricant Oil Packaging Sales
Japan's market for lubricant packaging is anticipated to expand 1.5x in the next ten years, opines FMI. Japan is anticipated to hold a substantial part of the Asia Pacific lubricant packaging market, accounting for 5.8% of the value share in 2022.
According to the International Council of Chemical Associations (ICCA) from 2019 to 2020. The chemical sector in the Asia Pacific made an annual contribution of US$ 2.6 trillion. Demand for lubricant packaging solutions in Japan is expected to surge due to:
Application of Lubricant Packaging in the Power Generation Industry to Boost Sales
According to the study, India is anticipated to grow at a rate of 6.9% from 2023 to 2033. Where the growth in the market is attributable to the expansion of the power generation industry across India.
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Drums are the Widely Preferred Type for Lubricant Packaging
In terms of packaging type, the drums segment is expected to account for the lion’s share during the forecast period. By the end of 2022, the segment accounted for around 1/3rd of the market. The primary factor propelling the growth in the segment is the cost-effective and inexpensive material of drums as they are made up of aluminum.
User-friendly ergonomics, durability, and simplicity of storage, handling, and durability are other factors contributing to the growth during the forecast period.
Lubricant Packaging for Engine Oil to Accelerate the Demand in the Market
The engine oil segment is estimated to be the leading segment in terms of lubricant type. As Engine oil is used extensively to lubricate combustion engines in cars, trucks, and generators.
Packaging for car oil and other liquids has become as important as lubricants in recent years. By the end of 2022. The engine oil segment was expected to account for nearly 32.8% of the market share.
Expansion of the automobile service business is a key factor in driving demand for automotive engine oil. The engine oil segment is estimated to grow by 410 BPS in the global market for lubricant packaging.
Burgeoning Adoption of Automobiles to Create Growth Opportunities for Lubricant Packaging in the Automotive Sector
Based on end use, the automotive sector is expected to dominate the market, followed by the power generation industry. Lubricants are widely used in the automotive industry as they reduce friction and protect engine components from wear and tear.
The sales of lubricant packaging in automotive and power generation industries are expected to generate an incremental opportunity, also contributing to the segment’s value share of 32.0% in 2022.
Key manufacturers of lubricant packaging are focusing on increasing their production capacity to meet the growing demand across diverse industries. Such as automotive, metalworking, oil & gas, power generation, and others.
Prominent players are also expanding their product portfolio to cater to the growing demand in the market.
Key Strategies:
Key Developments in the Lubricant Packaging Market:
The market is estimated to have acquired US$ 12.06 billion in 2023.
Drums are the widely preferred type for lubricant packaging.
India will expand at 6.9% market share from 2023 to 2033.
Japan accounted for a market share of 5.8% in 2022.
The global market expanded at a CAGR of 4.7% between 2018 and 2022.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Tonnes) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Tonnes) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Tonnes) Analysis By Product, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Tonnes) Analysis and Forecast By Product, 2023 to 2033
5.3.1. Engine Oil
5.3.2. Transmission & Hydraulic Fluid
5.3.3. Process Oil
5.3.4. Metal Working Fluid
5.3.5. General Industrial Fluid
5.3.6. Gear Oil
5.3.7. Greases
5.4. Y-o-Y Growth Trend Analysis By Product, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Product, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Tonnes) Analysis By Material, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Tonnes) Analysis and Forecast By Material, 2023 to 2033
6.3.1. Metal
6.3.1.1. Tin
6.3.1.2. Steel
6.3.2. Plastic
6.3.2.1. Polyethylene
6.3.2.2. Polyvinyl Chloride (PVC)
6.3.2.3. Poly ethylene Terephthalate (PET)
6.3.2.4. Polystyrene (PS)
6.3.2.5. Polypropylene (PP)
6.3.2.6. Polyamide (PA)
6.3.3. Others
6.4. Y-o-Y Growth Trend Analysis By Material, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Material, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use Industry
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Tonnes) Analysis By End Use Industry, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) & Volume (Tonnes) Analysis and Forecast By End Use Industry, 2023 to 2033
7.3.1. Automotive
7.3.2. Metal working
7.3.3. Oil & Gas
7.3.4. Power Generation
7.3.5. Machine Industry
7.3.6. Chemicals
7.3.7. Others
7.4. Y-o-Y Growth Trend Analysis By End Use Industry, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By End Use Industry, 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Tonnes) Analysis By Region, 2018 to 2022
8.3. Current Market Size Value (US$ Million) & Volume (Tonnes) Analysis and Forecast By Region, 2023 to 2033
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. MEA
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Tonnes) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Tonnes) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. U.S.
9.2.1.2. Canada
9.2.2. By Product
9.2.3. By Material
9.2.4. By End Use Industry
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Product
9.3.3. By Material
9.3.4. By End Use Industry
9.4. Key Takeaways
10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Tonnes) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Tonnes) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Product
10.2.3. By Material
10.2.4. By End Use Industry
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Product
10.3.3. By Material
10.3.4. By End Use Industry
10.4. Key Takeaways
11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Tonnes) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Tonnes) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. U.K.
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Europe
11.2.2. By Product
11.2.3. By Material
11.2.4. By End Use Industry
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Product
11.3.3. By Material
11.3.4. By End Use Industry
11.4. Key Takeaways
12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Tonnes) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Tonnes) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.1.4. Singapore
12.2.1.5. Thailand
12.2.1.6. Indonesia
12.2.1.7. Australia
12.2.1.8. New Zealand
12.2.1.9. Rest of Asia Pacific
12.2.2. By Product
12.2.3. By Material
12.2.4. By End Use Industry
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Product
12.3.3. By Material
12.3.4. By End Use Industry
12.4. Key Takeaways
13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Tonnes) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Tonnes) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. GCC Countries
13.2.1.2. South Africa
13.2.1.3. Israel
13.2.1.4. Rest of MEA
13.2.2. By Product
13.2.3. By Material
13.2.4. By End Use Industry
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Product
13.3.3. By Material
13.3.4. By End Use Industry
13.4. Key Takeaways
14. Key Countries Market Analysis
14.1. U.S.
14.1.1. Pricing Analysis
14.1.2. Market Share Analysis, 2022
14.1.2.1. By Product
14.1.2.2. By Material
14.1.2.3. By End Use Industry
14.2. Canada
14.2.1. Pricing Analysis
14.2.2. Market Share Analysis, 2022
14.2.2.1. By Product
14.2.2.2. By Material
14.2.2.3. By End Use Industry
14.3. Brazil
14.3.1. Pricing Analysis
14.3.2. Market Share Analysis, 2022
14.3.2.1. By Product
14.3.2.2. By Material
14.3.2.3. By End Use Industry
14.4. Mexico
14.4.1. Pricing Analysis
14.4.2. Market Share Analysis, 2022
14.4.2.1. By Product
14.4.2.2. By Material
14.4.2.3. By End Use Industry
14.5. Germany
14.5.1. Pricing Analysis
14.5.2. Market Share Analysis, 2022
14.5.2.1. By Product
14.5.2.2. By Material
14.5.2.3. By End Use Industry
14.6. U.K.
14.6.1. Pricing Analysis
14.6.2. Market Share Analysis, 2022
14.6.2.1. By Product
14.6.2.2. By Material
14.6.2.3. By End Use Industry
14.7. France
14.7.1. Pricing Analysis
14.7.2. Market Share Analysis, 2022
14.7.2.1. By Product
14.7.2.2. By Material
14.7.2.3. By End Use Industry
14.8. Spain
14.8.1. Pricing Analysis
14.8.2. Market Share Analysis, 2022
14.8.2.1. By Product
14.8.2.2. By Material
14.8.2.3. By End Use Industry
14.9. Italy
14.9.1. Pricing Analysis
14.9.2. Market Share Analysis, 2022
14.9.2.1. By Product
14.9.2.2. By Material
14.9.2.3. By End Use Industry
14.10. China
14.10.1. Pricing Analysis
14.10.2. Market Share Analysis, 2022
14.10.2.1. By Product
14.10.2.2. By Material
14.10.2.3. By End Use Industry
14.11. Japan
14.11.1. Pricing Analysis
14.11.2. Market Share Analysis, 2022
14.11.2.1. By Product
14.11.2.2. By Material
14.11.2.3. By End Use Industry
14.12. South Korea
14.12.1. Pricing Analysis
14.12.2. Market Share Analysis, 2022
14.12.2.1. By Product
14.12.2.2. By Material
14.12.2.3. By End Use Industry
14.13. Singapore
14.13.1. Pricing Analysis
14.13.2. Market Share Analysis, 2022
14.13.2.1. By Product
14.13.2.2. By Material
14.13.2.3. By End Use Industry
14.14. Thailand
14.14.1. Pricing Analysis
14.14.2. Market Share Analysis, 2022
14.14.2.1. By Product
14.14.2.2. By Material
14.14.2.3. By End Use Industry
14.15. Indonesia
14.15.1. Pricing Analysis
14.15.2. Market Share Analysis, 2022
14.15.2.1. By Product
14.15.2.2. By Material
14.15.2.3. By End Use Industry
14.16. Australia
14.16.1. Pricing Analysis
14.16.2. Market Share Analysis, 2022
14.16.2.1. By Product
14.16.2.2. By Material
14.16.2.3. By End Use Industry
14.17. New Zealand
14.17.1. Pricing Analysis
14.17.2. Market Share Analysis, 2022
14.17.2.1. By Product
14.17.2.2. By Material
14.17.2.3. By End Use Industry
14.18. GCC Countries
14.18.1. Pricing Analysis
14.18.2. Market Share Analysis, 2022
14.18.2.1. By Product
14.18.2.2. By Material
14.18.2.3. By End Use Industry
14.19. South Africa
14.19.1. Pricing Analysis
14.19.2. Market Share Analysis, 2022
14.19.2.1. By Product
14.19.2.2. By Material
14.19.2.3. By End Use Industry
14.20. Israel
14.20.1. Pricing Analysis
14.20.2. Market Share Analysis, 2022
14.20.2.1. By Product
14.20.2.2. By Material
14.20.2.3. By End Use Industry
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Product
15.3.3. By Material
15.3.4. By End Use Industry
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. Mold Tek Packaging Ltd.
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.1.5.3. Channel Strategy
16.1.2. Balmer Lawrie & Co. Ltd.
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.2.5.3. Channel Strategy
16.1.3. Glenroy Inc.
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.3.5.3. Channel Strategy
16.1.4. Time Technoplast Ltd.
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.4.5.3. Channel Strategy
16.1.5. Grief Inc.
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.5.5.2. Product Strategy
16.1.5.5.3. Channel Strategy
16.1.6. CYL Corporation Berhad
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.6.5.2. Product Strategy
16.1.6.5.3. Channel Strategy
16.1.7. Duplas Al Sharq LLC
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.7.5.2. Product Strategy
16.1.7.5.3. Channel Strategy
16.1.8. Scholle IPN
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.8.5.2. Product Strategy
16.1.8.5.3. Channel Strategy
16.1.9. Mauser Group B.V.
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.9.5.2. Product Strategy
16.1.9.5.3. Channel Strategy
16.1.10. Martin Operating Partnership L.P.
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.10.5.2. Product Strategy
16.1.10.5.3. Channel Strategy
17. Assumptions & Acronyms Used
18. Research Methodology
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Lubricant Packaging Market
