THE lubricant is usually housed in a hard bottle or container with either plastic caps or metal stoppers. However, the OEM lubricant packing style is no longer as tightly packaged. Several businesses are now developing greener lubricant packaging types that produce less waste and safeguard the environment from hazardous pollutants. The majority of these greener lubricant containers are frequently used to package electrical equipment like as laptop computers. The GCC Lubricant Packaging market is the largest in the worldwide Lubricant Packaging industry.
The usual packing type for lubricants containing thermoplastic components is the second kind. Thermal spray components and polyethylene terephthalate sheets that are put inside the bottles or containers are significantly reliant on these conventional packaging forms. When heated, these sheets emit huge clouds of smoke, causing some of them to be badly damaged. As a result, it is critical to ensure that these thermoplastic bottles and containers are properly disposed of as soon as possible. These containers are also widely employed to transfer gasoline in grease traps along roads.
When it comes to lubricating oils, the OEM lubricant is usually packed within conventional containers with a shiny surface. These gleaming, translucent lubricants are typically placed within a bottle or container, making it appear to be an appealing object that draws people's attention and prompts them to approach the product. In general, the many businesses that utilize it see this lubricant as quite safe and non-hazardous. However, these gleaming lubricants are typically not suitable for industrial machinery. Many of these gleaming lubricants, particularly the polyethylene terephthalate sheets, contain lead, which is hazardous to human health.
According to a new assessment, there is no way to reduce the volume of plastic garbage that is dumped into the environment every day. This volume is growing by the day due to the growing demand for these lubricants in a variety of applications. Furthermore, as the demand for these lubricants grows, so does the volume of plastic bottles or tubes necessary for the smooth lubrication of all sorts of equipment. However, it has been noted that more companies are ordering LPG or LPGA (Lonex, Pholliner) or similar sorts of liquids, which are typically vented into the atmosphere through tubes or pipelines, rather than utilizing modern and environmentally beneficial Lubricants. This results in a significant increase in the volume of plastic packaging materials.
This LPGA is a widely desired material for lubricants used in many industrial processes that must be kept under pressure to avoid overheating or malfunction. It is found in nearly all types of plastic packaging, including tear tabs, tear sheets, polyethylene tubes, acrylate sheets, fiberglass cylindrical tubes, and cylindrical posters. Many top plastic businesses use this high-quality product since it contains few solvents and is thus safe to consume. P & G, Dow Corning, Abbott, Safco, Ideal, Adco, Grease resistant plastic, J.D. Powers and Associates, and DuPont are some of the prominent manufacturers operating in the GCC Lubricant Packaging industry.
Lubricant packaging market research report by material (metal, plastic), packaging type (stand up pouch, bottle, drum, intermediate bulk container), lubricant (engine oil, transmission & hydraulic fluid), end user (automotive), and region-Global Forecast till 2023Market Synopsis of Global Lubricant Packaging MarketLubricant packaging is used to store the lubricants for a specific amount of time.
The drum segment dominates the market on the basis of packaging type and is expected to grow at the highest CAGR during the forecast period.
Rise in demand for lubricants from industries across the power generation segment and shifting consumer preference towards efficient vehicles in the automotive segment are likely to increase the market growth.
Also, the increasing industrial automation has led to the adoption of various equipment which requires industrial and process oils which are expected to further fuel the growth of the market.On the basis of end user, the market has been segmented into automotive, metalworking, oil & gas, power generation, machine industry, chemicals, and others.
Automotive dominates the end-user segment owing to heavy consumption of lubricants for cars and other vehicles.Geographically, the lubricant packaging market has been divided into four major regions namely North America, Europe, Asia-Pacific, and the rest of the world.
Asia-Pacific has accounted for the largest market share in 2017 followed by North America and Europe.
According to the Graphical Research new growth forecast report titled North America Lubricant Packaging Market By Lubricant (Engine oils, Transmission & Hydraulic Fluids, Process Oil, Metalworking Fluids, General Industrial Oils) By Material (Aluminum, Plastic), By End-User (Automobile, Metal Fabrication, Oil & Gas, Power Generation, Chemical Industry) By Packaging Type (Kegs & Drums, Cans & Bottles, Intermediate Bulk Containers, Pails), Industry Analysis Report, Regional Outlook (U.S., Canada), Growth Potential, Competitive Market Share & Forecast Estimated to cross USD 3 billion by 2024.The growing lubricants demand across various industry verticals such as automobile, metal fabrication, oil & gas, power generation, chemical industry and others shall positively influence the North America lubricant packaging market growth from 2019 to 2024.Request for a sample of this report @ https://www.graphicalresearch.com/request/1213/sampleOn the basis of lubricant type, the North American lubricant packaging market has been segmented into engine oils, transmission & hydraulic fluids, process oils, metal working fluids, general industrial oils and others.
Among the aforementioned segments, engine oil held the largest share of over 36% in 2018 and is projected to continue leading throughout the review period.
General industrial oil was the second most revenue generating segment in 2018 and held a market share of over 18%.North America lubricant Packaging market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:Segments Covered in this Report:North America Lubricant Packaging Market Share, By MaterialMetalAluminumTinSteelPlasticPEPETPPPVCOthersNorth America Lubricant Packaging Market Trends, By Packaging TypeKegs & drumsCans & bottlesIntermediate bulk containers (IBC)PailsOthersMake an Inquiry for purchasing this Report @ https://www.graphicalresearch.com/request/1213/inquiry-before-buyingNorth America Lubricant Packaging Market Size, By LubricantEngine oilsTransmission & hydraulic fluidsProcess oilsMetalworking fluidsGeneral Industrial oilsOthersNorth America Lubricant Packaging Market Value, By End-userAutomobileMetal fabricationOil & gasPower generationChemical industryOthersBrowse Table of Contents @ https://www.graphicalresearch.com/table-of-content/1213/north-america-lubricant-packaging-marketOn the basis of end-user industry, automotive was the largest segment and held a market share of over 47% in 2018.
Metal fabrication was the second largest industry in 2018 closely followed by power generation segment.
The growing demand for energy has resulted in the extensive use of lubricants especially in gas turbine power plants which shall further propel the growth for lubricant packaging market size during the period 2019-2024.
On the basis of packaging types, kegs & drums held a market share of around 44% in 2018 and is likely to continue leading throughout the forecast period.
The study also emphasizes that flexible packaging products are much lighter than rigid plastic bottles, and comparatively, it consumes 60% percent less plastic, thereby garnering significant traction in the lubricant packaging space.
These components require frequent lubrication for smooth functioning.
Thus, the growing demand for lubricants from these end-use industries is likely to boost the market for lubricant packaging over the forecast period.In the same line, the emergent power generation sector, coupled with escalating sales of commercial as well as passenger vehicles, is, in turn, likely to propel the market growth in the coming years.
Furthermore, mounting investments, mainly in the oil & gas, chemical, and power generation sector, is also on the verge of anticipating considerable market growth over the forecast period.Top Market PlayersThe well-known players in the lubricant packaging market include Glenroy, Inc(US), Amcor Limited (Switzerland), Mold Tek Packaging(India), Graham Packaging (US), BAM Packaging (US), Scholle IPN (US), CDF (US), Berry Plastics (US), SCHÜTZ GmbH & Co., KGaA (Germany) and Greif, Inc(US).Segmentation of Market: Lubricant PackagingFor further analysis of the global lubricant packaging market, segmentation is conducted over the material, packaging type, lubricant, and end-user.Depending on the material segment, the market has included metal and plastic.
The drum segment leads the market by packaging type and is now expected to expand at the highest CAGR during the conjecture period.
Automotive leads the end-user segment with heavy consumption of lubricants for cars and other vehicles.Regional AnalysisGeographically, the lubricant packaging market study is conducted over significant regions of Europe, Asia-Pacific, North America, and the rest of the world.
