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The lubricant packaging market size is forecast to increase by USD 2.36 billion, at a CAGR of 3.82% between 2023 and 2028. Market growth depends on several critical factors such as the expansion of the automotive industry. This sector's growth bolsters the market by creating new opportunities for suppliers and manufacturers. Additionally, the increased use of heavy mechanical equipment in industries such as construction and mining contributes to higher demand for robust and durable products. Continuous innovation and the launch of new packaging designs further fuel market growth by meeting evolving consumer preferences and enhancing product functionality. These advancements not only improve aesthetic appeal but also offer better protection and usability. Together, these factors drive market expansion by fostering demand across various applications and sectors.
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The market is expected to witness significant growth during the forecast period, driven by the increasing demand for lubricants in various industries such as automotive, manufacturing, and construction. The market is segmented by Material Type, which includes Polyethylene (PE), Polypropylene (PP), Polyethylene Terephthalate (PET), High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), Polyhydroxyalkanoate (PHA), Biobased PE, Biobased PET, Mechanically Recycled Plastics, and Chemically Recycled Plastics. The Middle East & Africa region is projected to exhibit the highest CAGR during the forecast period due to the growing demand for lubricants in the food packaging, food services, beverages, shipping and transport, and home and petcare industries. The use of sustainable packaging solutions, such as bioplastics, is gaining popularity in the lubricant packaging market due to the growing awareness of environmental sustainability. The COVID-19 pandemic and the resulting nationwide lockdowns have disrupted the demand and supply chain of the lubricant packaging market. However, the market is expected to recover and grow at a steady pace in the coming years.
Expansion of automotive industry is notably driving market growth. The market is experiencing significant growth due to the increasing demand for lubricants in various industries, particularly in the automotive sector. The surge in vehicle sales, driven by the expansion of the industrial sector and the rise of e-commerce, is fueling the need for lubricants and, consequently, for their packaging. The logistics market's shift towards customer-centric solutions has led to an increase in demand for utility vehicles, further boosting the market. Moreover, the food packaging industry is another major contributor to the lubricant packaging market, with applications in food services, beverages, and home and petcare.
The use of plastics, such as PET, HDPE, LDPE, PP, PHA, Biobased PE, Biobased PET, PEF, TPS, and PLA, in packaging is a key trend, with companies such as Coca-Cola and ALPLA leading the way in the adoption of sustainable packaging solutions. Environmental conservation and recycling are also influencing the lubricant packaging market, with the use of recycled plastics, such as Mechanically Recycled Plastics and Chemically Recycled Plastics, gaining popularity. Consumer awareness and regulations are driving the demand for sustainable packaging solutions, making bioplastics an attractive alternative to traditional plastics. Overall, the lubricant packaging market is expected to grow steadily during the forecast period. Thus, such factors are driving the growth of the market during the forecast period.
Demand for environmentally friendly packaging is the key trend in the market. Sustainability is a significant driving force in the evolution of lubricant and grease packaging. The increasing emphasis on environmental conservation and consumer awareness has led to a heightened demand for eco-friendly packaging solutions. This trend is influenced by various factors, including regulatory pressures and shifting consumer preferences. Governing bodies worldwide are setting ambitious sustainable goals, which will impact the lubricant packaging industry significantly during the forecast period. For instance, the use of mechanically and chemically recycled plastics, such as Material Type PET, HDPE, LDPE, PP, PHA, Biobased PE, Biobased PET, PEF, TPS, and PLA, is gaining popularity due to their reduced carbon footprint. Moreover, key industry players like Coca-Cola and ALPLA are actively investing in sustainable packaging initiatives.
For example, Coca-Cola has committed to using 100% recycled PET in its bottles by 2025. Similarly, ALPLA has launched a new PLA bottle for food packaging, which is fully biodegradable and made from renewable resources. In the lubricant packaging market, the use of lighter-weight steel drums and incorporating more recycled plastic into the packaging are effective ways to reduce the environmental impact. These trends are expected to continue as more companies adopt sustainable practices and consumers become increasingly conscious of their carbon footprint. Thus, such trends will shape the growth of the market during the forecast period.
Fluctuating raw material prices is the major challenge that affects the growth of the market. The market is subject to various influences, including the availability and pricing of raw materials. Polyethylene terephthalate (PET) and high-density polyethylene (HDPE) are essential raw materials used in manufacturing lubricant bottles. Any disruptions in the supply of these materials can lead to price fluctuations, which in turn can impact the lubricant packaging market's growth. Raw materials account for a significant portion of the total cost of the final product. As a result, any increase in the cost of raw materials, such as PET, HDPE, low-density polyethylene (LDPE), polypropylene (PP), polylactic acid (PLA), polyhydroxyalkanoate (PHA), biobased PE, biobased PET, polyethylene furanoate (PEF), and thermoplastic starch (TPS), can lead to higher prices for end products. Manufacturers of lubricant packaging face challenges in managing the cost of raw materials, which can impact their profit margins. In response, they may increase the price of their end products to offset the higher costs.
The use of recycled plastics, such as mechanically recycled plastics and chemically recycled plastics, is gaining popularity as a means of reducing the reliance on virgin materials and promoting environmental conservation. The market for lubricant packaging is expected to grow during the forecast period, with applications in food packaging, food services, beverages, shipping and transport, and home and petcare. Key players in the market include Coca-Cola and ALPLA, among others. Consumer awareness and the push for sustainability are also driving the demand for bioplastics, such as PLA and PHA, in the lubricant packaging market. Hence, the above factors will impede the growth of the market during the forecast period
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Amcor Plc - The company offers lubricant packaging such as Spouted Stand Up pouches.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The automotive segment is estimated to witness significant growth during the forecast period. The Lubricant Packaging Market is anticipated to experience significant growth during the forecast period due to the increasing demand for efficient and sustainable packaging solutions. Material Type segments in the market include Mechanically Recycled Plastics, Chemically Recycled Plastics, and Bioplastics. Coca-Cola and ALPLA are some key players utilizing these materials in their packaging offerings. Food Packaging, Food Services, Beverages, Shipping and Transport, Home and Petcare are major end-use industries driving the market.
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The automotive segment was the largest and was valued at USD 2.91 billion in 2018. PET, HDPE, LDPE, PP, PHA, Biobased PE, Biobased PET, PEF, TPS, PLA, and PBT are primary raw materials used in lubricant packaging. Environmental conservation and recycling are significant trends influencing the market. Consumer awareness regarding the importance of reducing plastic waste is increasing, leading to a shift towards sustainable packaging. Bioplastics, derived from renewable resources, are gaining popularity due to their eco-friendly nature. The use of Mechanically Recycled Plastics and Chemically Recycled Plastics in lubricant packaging also contributes to environmental sustainability by reducing the amount of waste sent to landfills. These factors are expected to fuel the growth of the Lubricant Packaging Market.
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APAC is estimated to contribute 49% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market is anticipated to experience significant growth during the forecast period due to the increasing demand for efficient and sustainable packaging solutions. Material Type segments include Mechanically Recycled Plastics, Chemically Recycled Plastics, and Bioplastics. Coca-Cola and ALPLA are key players utilizing various types of raw materials for their lubricant packaging needs. Food Packaging, Food Services, Beverages, Shipping and Transport, and Home and Petcare are major end-use industries driving the market. PET, HDPE, LDPE, PP, PHA, Biobased PE, Biobased PET, PEF, TPS, PLA, and PBT are commonly used resin types. Environmental conservation and recycling are key trends influencing the market. Consumer awareness towards sustainable packaging and the use of eco-friendly materials, such as Bioplastics, is also increasing. Companies are focusing on the development of innovative and recyclable packaging solutions to meet the evolving market demands.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
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The market is witnessing significant growth due to the increasing demand and supply dynamics. The market growth can be attributed to the increasing usage of lubricants in various industries such as food packaging, food services, beverages, shipping and transport, home and pet care, and others. Three major material types dominate the market: Mechanically Recycled Plastics, Chemically Recycled Plastics, and Bioplastics. Among these, Bioplastics are gaining popularity due to their environmental conservation benefits and consumer awareness towards sustainable packaging. Key applications of lubricant packaging include PET, HDPE, LDPE, PP, PHA, Biobased PE, Biobased PET, PEF, TPS, PLA, PBT, and others.
In addition, companies like Coca-Cola and ALPLA are investing in research and development of eco-friendly packaging solutions using these materials. The market is driven by the growing demand for raw materials and the increasing focus on recycling to reduce environmental impact. The use of recycled plastics in lubricant packaging is expected to increase significantly. In conclusion, the Lubricant Packaging Market is expected to grow steadily during the forecast period, driven by the increasing demand for eco-friendly packaging solutions, consumer awareness, and the availability of raw materials. The market is expected to witness significant growth in applications such as food packaging, food services, and beverages.
Market Scope |
|
Report Coverage |
Details |
Page number |
150 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.82% |
Market growth 2024-2028 |
USD 2.36 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
3.53 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 49% |
Key countries |
US, China, India, UK, and Canada |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Amcor Plc, BAM Packaging Consulting GmbH, Berry Global Inc., BWAY Corp., CDF Corp., CYL Corp. Berhad, FUCHS PETROLUB SE, Glenroy Inc., Graham Packaging Co. LP, Greif Inc., Mold Tek Packaging Ltd., Nipa Industry, Shell plc, SIG Group AG, Smurfit Kappa Group, Sonoco Products Co., Takween Advanced Industries, Time Technoplast Ltd, Valvoline Inc., and ZAMIL PLASTIC Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for market forecast period. |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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