Lubricant Packaging Market Size & Share | Industry Trends Analysis Report for 2033

ByNiranjan karde

The global lubricant packaging market is projected to exceed US$ 12.05 billion in 2023 and reach US$ 20.4 billion by 2033. Advancing at a CAGR of 5.4% during the forecast period. The market expansion is aided primarily by the rising demand for oil and gas worldwide.

The surge in demand for flexible packaging among various packaging industries due to its low cost and convenience is expected to fuel market expansion. Furthermore, flexible packaging goods are substantially lighter than rigid plastic bottles, contributing to market growth.

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The volatile costs of raw materials utilized in the sector, particularly petrochemical feedstock prices, may impede the expansion of the market on the whole.

The demand for lubricant packaging is likely to be dwindled by the environmental contamination created by plastic packaging forms. This may act as a hindrance to the need for lubricant packaging solutions.

The market for lubricant packaging is expected to experience significant development opportunities. Due to the rising leasing of lubricant packaging to small and medium-sized steel and metal companies in the GCC region.

SMEs preferred to lease a modest quantity of lubricants from a large manufacturer to cut expenses and prevent waste. The huge manufacturer is anticipated to take advantage of this opportunity to capitalize on it and meet the needs of the consumer.

Players in the global market have growth potential due to the accessibility and rising use of packaging alternatives including tubes and pouches. This feature is boosting the sales of these packaging solutions. This is anticipated to present growth opportunities for the lubricant packaging market.

Key Takeaways:

  • During the forecast period, the lubricant packaging industry in China is expected to secure an 8.4% CAGR.
  • The demand for lubricant packaging in India is predicted to advance at a 6.9% CAGR from 2023 to 2033.
  • The United Kingdom lubricant packaging industry is likely to move forward with a CAGR of 3.0% during the projected period.
  • North America dominated the market in lubricant packaging in 2022 with a share of 22.1% in the global market.
  • Europe lubricant packaging industry was one of the prominent ones with its share accounting for around 21.5% in 2022.
  • In 2022, the lubricant packaging market in the United States held a share of about 20.9% globally.
  • The Germany lubricant packaging market value share was estimated to be 4.5% in 2022.
  • The engine oil segment took hold of 32.8% share, being a substantial one in the market in 2022.

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Lubricant Packaging Market by Category

By Product:

  • Engine Oil
  • Transmission & Hydraulic Fluid
  • Process Oil
  • Metal Working Fluid
  • General Industrial Fluid
  • Gear Oil
  • Greases

By Material:

  • Metal
  • Tin
  • Steel
  • Plastic
  • Polyethylene
  • HDPE
  • LDPE
  • Polyvinyl Chloride (PVC)
  • Poly ethylene Terephthalate (PET)
  • Polystyrene (PS)
  • Polypropylene (PP)
  • Polyamide (PA)
  • Others

By End Use Industry:

  • Automotive
  • Metal working
  • Oil & Gas
  • Power Generation
  • Machine Industry
  • Chemicals
  • Other Manufacturing