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Lubricant Packaging Market 2024 Global Analysis By key Players – Greif, Mauser, SCHÜTZ, BWAY, Time Technoplast, Balmer & Lawrie, Scholle IPN, Glenroy, Mold Tek Packaging and NYE Lubricants
Lubricant Packaging Market
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Lubricant Packaging Market size is forecast to exceed USD 15 billion by 2024. Lubricant packaging is widely used across all major industries as lubricants are an essential part of many applications. Exponentially growing automobile industry shall positively impact lubricant packaging market size for the forecast duration.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Perusahaan Jaya Plastik (M) Sdn Bhd
2. Balmer Lawrie & Co., Ltd
3. Duplas Al Sharq L.L.C.
4. Glenroy, Inc.
5. Greif, Inc.
6. Martin Operating Partnership L.P.
7. Mauser Group B.V.
8. Mold Tek Packaging, Ltd.
9. Milford Barrel
10. Neelkamal Plastics
11. Time Technoplast Ltd
12. SCHÜTZ GmbH & Co., KGaA
13. BWAY Corporation (Stone Canyon Industries, LLC)
14. Universal Lubricants (A PetroChoice Company)
15. Sicagen
16. Scholle IPN
17. NYE Lubricants
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Rising disposable income of consumers, especially in Asia Pacific and Latin America, is directly influencing sales of passenger vehicles, which is a positive sign to look out for lubricant packaging market growth in the forecast timespan. North America is also an active market for product manufacturers due to large number of ongoing shale oil/gas reserve exploration projects in the U.S. and technologically evolving automobile sector.
Robust growth in energy and power generation sector will be driving product demand for the forecast duration. The major challenges for future lubricant packaging market size shall be environment pollution caused from plastic clogging & landfills and the fluctuations in raw material prices.
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Asia Pacific for lubricants packaging market is likely to witness gains close to 3.5% during the forecast timeframe. It is due to the developing economic conditions, which have substantially propelled chemical, manufacturing and automobile industry growth in countries especially India, China, Japan and Indonesia. Asia Pacific, in terms of volume and value, shall remain the global lubricant packaging market leader during the forecast period.
In 2016, The lubricant packaging market was consolidated. Major product manufacturers including Balmer & Lawrie, Glenroy, Grief Inc., Time Technoplast, Mauser Group B.V, Milford Barrel, SCHÜTZ GmbH & Co., KGaA and BWAY Corporation accounted for more than 50% of industry share.
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