Lubricant Packaging Market Analysis

Lubricant Packaging Market Analysis

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 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 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 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.
 

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.