Home > Polymers & Advanced Materials > Lubricant Packaging Market

Lubricant Packaging Market Size, Share and Industry Analysis Report by Material (Plastic [PP, PET, PE, PVC], Metal [Aluminum, Tin, Steel]), Packaging (Kegs & Drums, Cans & Bottles, Pails, IBC), Lubricant (Engine Oils, Transmission & Hydraulic Fluids, Process Oils, Metalworking Fluids, General Industry Oils), and End-user (Automobile, Metal Fabrication, Oil & Gas, Power Generation, Chemical) Regional Outlook, Application Growth Potential, Competitive Market Share & Forecast, 2022 – 2030

  • Report ID: GMI1805
  • Published Date: Jul 2022
  • Report Format: PDF

Industry Overview

Lubricant Packaging Market size was USD 5.6 million in 2021 and will grow at a CAGR of 3.9% between 2022 and 2030, due to the increasing use of plastics in packaging industry. The market size is expected to cross 1,637.6 thousand units in terms of volume by 2030 with an anticpated CAGR of 3.4% through the forecast period.
 

Lubricant packaging market outlook

Get more details on this report - Request Free Sample PDF
 

In the lubricant packaging industry, there are all types of packaging options that are used for packing, storing, and transportation of lubricants. Lubricants cover a wide class of oils and fluids that are used across almost all major industries throughout the world.
 

Compressors, turbines, electrostatic rotors, engines, and numerous other mechanical components in the energy industry utilize lubricants on a regular basis to ensure smooth and uninterrupted operation. The expansion of power generating projects due to significant expenditures made by both private companies and governments will favorably impact the lubricant packaging demand over the forecast period. Governments must invest in energy projects if they want to strengthen their economies; thus, throughout the coming years, the power generating industry will profit in a big way, greatly enhancing the product demand. These trends mentioned above will augment the lubricant packaging market growth during the forecast period.
 

The demand for lubricant packaging will increase as the demand for oil & gas increases in places such as Europe. For instance, according to the International Association of Oil & Gas Producers (IOGP), three out of every four barrels of the oil Europe requires have been imported. This shows that the need for lubricant packaging is rising in European nations as a result of the oil & gas industry's expanding output and consumption.
 

Numerous end-user industries frequently employ plastic-based lubricant packaging as it is lightweight, affordable, and can be produced in large quantities. Despite the benefits, plastic lubricant packaging has several drawbacks that will be a significant obstacle for the lubricant packaging market during the projected period. Debris made by plastic is a serious environmental issue. These are not biodegradable and can significantly impact natural resources. Packaging businesses must adhere to the laws and standards set by environmental organizations, such as the EPA and United Nations Environment Programme (UNEP), to decrease plastic waste and pollution. To comply with the norms and regulations set out by environmental protection and conservation authorities, businesses are searching for alternative packaging options that are economical and environmentally responsible.
 

Metals to bank upon superior strength and durability

 Lubricant packaging market by material

Get more details on this report - Request Free Sample PDF
 

The metal segment will generate around USD 2 million by 2030. Kegs, pails, cans, totes, and other packaging materials are frequently made of metals. Large and medium-sized drums are made of steel, whereas cans are made of aluminum and pails, kegs, drums, and IBCs are often made of tin. In comparison to tin and steel, aluminum is less expensive, more readily accessible, lighter, and has superior temperature & pressure properties. Due to these qualities, aluminum had the largest market share for lubricant packaging in 2030. Steel had the lowest percentage as it was more expensive than tin and aluminum and is too heavy to be utilized in package manufacture. Lubricants are typically stored and transported in industrial settings using metal-based packaging.
 

The cans & bottle segment will hold a majority of the market share

Lubricant packaging market by packaging type 

Get more details on this report - Request Free Sample PDF
 

The lubricating packaging market size from cans & bottles will exceed USD 1.5 million by 2030. Aluminum, tin, and other metals, as well as polymers, such as PP and PE, are used to make cans and bottles. Aluminum, which is obtained from bauxite ores, is frequently used to make cans. Polymers are used to make bottles. Since clients in the end-user business overwhelmingly chose these, they held a major share of the lubricants packaging market. These lubricants are available to consumers in varied quantities according to their needs and are user-friendly and simple to dispense.
 

The engine oil segment will dominate the market over the forecast period

The engine oil segment will generate a demand for over 600 thousand units by 2030. Combustion engines in vehicles, trucks, generators, and lawnmowers are lubricated with engine oil. The growth of the car repair sector has been a significant factor in driving the demand for automotive engine oil. In the near future, industry producers will be scrambling for packaging differentiation, which will boost the lubricant packaging sector. The Do It Yourself (DIY) and Do It For Me (DIFM) trends among consumer groups are being observed in the engine oil industry, whereby vehicle owners either repair or maintain their automobiles on their own or take it to a professional repair facility. The lubricant packaging market will see growth due to the rising demand for engine oils such as system, cylinder, and trunk piston engine oils during the forecast timeline.
 

The automobile segment in the end-user sector will witness a solid upward growth trajectory in the future

The automobile segment will witness around 4.5% CAGR from 2022 to 2030. The future growth of the lubricants industry will be influenced by rising automotive sales. In automobile engines, lubricants are used to minimize friction on the connecting rods, shaft, and piston. Rapid industrialization in both developed and emerging nations will support industry expansion. The demand for commercial transportation infrastructure has increased as a result of rising consumption and industrial production. This increases the demand for storage containers for lubricants used in the manufacture and regular usage of automotive such as engine oil, process oil, gear oil, and grease such as cans, bottles, pails, and IBC.
 

Presence of large automotive manufacturing facilities to support Asia Pacific market growth

Lubricant packaging market by region

Get more details on this report - Request Free Sample PDF
 

Asia Pacific will witness around 4% CAGR over the forecast timeframe. The need for lubricants in the machining, mining, plastics, and metal forming industries, particularly in China and India, is likely to rise during the forecast period, propelling the Asia Pacific lubricants market growth. The lubricant packaging sector has strong growth opportunities owing to the region's strong industrialization. In China, retailers, such as JD.com and Alibaba, are supplying lubricants online. The need for lubricant packaging will also be driven by the steadily expanding vehicle sector over the projected timeframe.
 

High degree of competition is evident in the lubricant packaging industry landscape

Industry players are adopting various strategies including production capacity expansion, mergers & acquisitions and new product development to gain strong foothold in the market. In January 2020, FUCHS Group which operates globally in the lubricants industry successfully completed the acquisition of Nye Lubricants. Major players operating in lubricant packaging industry are Perusahaan Jaya Plastik (M) Sdn Bhd, Duplas Al Sharq L.L.C., Greif, Inc., Martin Operating Partnership L.P., Mauser Group B.V., Mold Tek Packaging, Ltd., Milford Barrel, Neelkamal Plastics, Time Technoplast Ltd., SCHÜTZ GmbH & Co., KGaA, BWAY Corporation (Stone Canyon Industries, LLC), Universal Lubricants, Sicagen, Scholle IPN Corporation, and NYE Lubricants.
 

The Lubricant Packaging Market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in thousand units and revenue in USD thousand from 2022 to 2030, for the following segments:

By Material

  • Plastic
  • Metal

By Packaging Type

  • Kegs & drums
  • Cans & bottles
  • Pails
  • IBC
  • Others

By Lubricant

  • Engine Oils
  • Transmission & Hydraulics Fluids
  • Process Oils
  • Metalworking Fluids
  • General Industry Oils
  • Others

By End-user

  • Automobile
  • Metal Fabrication
  • Oil & Gas
  • Power Generation
  • Chemical
  • Others

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Thailand
    • Indonesia
    • Malaysia
    • Australia
  • LATAM
    • Brazil
    • Mexico
  • MEA
    • Saudi Arabia
    • United Arab Emirates
    • South Africa

 

Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

The global lubricant packaging industry size is slated to surpass USD 7.5 million by 2030 and is likely to strike a CAGR of over 3.9% between 2022 and 2030 owing to the predominant use of plastics in the packaging industry.

The lubricant packaging market share from the metal material segment is projected to surpass USD 2 million by 2030 due to the surging adoption of large and medium-sized drums.

The lubricating packaging industry size from cans & bottles may cross USD 1.5 million by 2030 owing to the increasing adoption of aluminum, tin, and other metals, as well as polymers, such as PP and PE, in the production of cans and bottles.

The automobile end-user segment in the lubricant packaging market is anticipated to hit a 4.5% CAGR through 2030 with the rising need in automobile engines for minimizing friction on the connecting rods, shaft, and piston.

The lubricant packaging industry in the Asia Pacific will witness a 4% CAGR through 2030 driven by the growing demand from the machining, mining, plastics, and metal forming industries, in China and India.

Buy Now

Access to only 1 person; cannot be shared; cannot be printed
Access for 2 to 5 users only within same department of one company
Access to a company wide audience; includes subsidiary companies or other companies within a group of companies

Premium Report Details

  • Base Year: 2021
  • Companies covered: 17
  • Tables & Figures: 828
  • Countries covered: 19
  • Pages: 400

Get a report that explains COVID-19 impact on this market

 Request Free Sample

Budget constraints? Get in touch with us for special pricing

Request Discount