Press release
Lubricant Packaging Market Evaluation with Key Companies (Greif, Inc., Mauser, BWAY Corporation, Balmer Lawrie & Co. Ltd., Scholle IPN, Glenroy, Inc. and Nye Lubricants)
Lubricant Packaging Market
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.
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In 2016, cans & bottles segment held a major share of global lubricant packaging market. The industry share shall increase in the coming years owing to its widespread usage among end-users for storing and handling lubricants. Kegs & drums also had a prominent market share in 2016. Pails is poised to expand at CAGR, near to 3%, on account of increasing demand for small sized lubricant containers for retail outlets.
In 2016, engine oils led the overall lubricant packaging market. Engine oil is used for I.C engines in trucks, cars, lawnmowers and generators. The increase in automobile sales and after sales service support has substantially influenced engine oils sales in recent times, which is a positive growth indicator for product demand. In end-user segment, for the year 2016, automobile accounted for the largest market share and shall grow at more than 3% CAGR in the forecast timeframe.
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.
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North America followed Asia Pacific in terms of growth expected by 2024 for lubricant packaging market and had a noticeable business share in 2016. Shale oil/gas reserves refining sites and advancing automobile industry are two major end-users in the U.S., which are likely to fuel product demand in this region. Latin America shall witness growth, close to 2%, by 2024. This can be attributed to its developing chemical industry and rising demand for passenger vehicles.
Report Content
Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definitions & forecast parameters
1.2. Data sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2. Executive Summary
2.1. Lubricant Packaging industry 360° synopsis, 2013 – 2024
2.1.1. Business trends
2.1.2. Material trends
2.1.3. Packaging trends
2.1.4. Lubricant trends
2.1.5. End-user trends
2.1.6. Regional trends
Chapter 3. Lubricant Packaging Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distributor channel analysis
3.4. Raw material analysis
3.5. Industry impact forces
3.5.1. Growth drivers
3.5.1.1. Growth in power generation (renewable and non-renewable energy sources) industry
3.5.1.2. Increasing automobile sales in BRICS nations
3.5.2. Industry pitfalls & challenges
3.5.2.1. Fluctuating prices of feedstock used for packaging products manufacturing
3.5.2.2. Environmental side effects of plastic based packaging products
3.6. Growth potential analysis
3.7. Porter’s analysis
3.8. Technology Landscape
3.9. Company market share analysis, 2016
3.9.1. Strategy landscape
3.9.2. Emerging business models
3.10. Regulatory landscape
3.10.1. U.S.
3.10.2. Europe
3.10.3. China
3.11. PESTEL analysis
3.12. Pricing analysis
3.12.1. Regional pricing
3.12.2. Cost structure analysis
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Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
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