Scope of the Study
The lubricants are a vital part of the power & energy production industry as heavy equipment as well as machinery, which is involved in on a large scale. Lubricants packaging is widely used across numerous industries such as automobile, metal fabrication, oil & gas, power generation, chemical industry, among others. Demand for lubricants packaging has increased owing to the upsurge in influencing the sales of passenger vehicles. For instance, in 2015, more than 263.6 million was registered vehicles in the United States. Therefore, the rising number of passenger vehicles across the world and increasing disposable income of people are projected to drive the global lubricants packaging market over the forecast period.
The market study is being classified and major geographies with country level break-up.
Bemis Company, Inc. (United States), Amcor plc (Australia), Martin Operating (United States), Scholle IPN (United States), Universal Lubricants (United States), Mauser Packaging Solutions (United States), Greif, Inc. (United States), Mondi Group (Austria), DUPLAS AL SHARQ L.L.C (United Arab Emirates) and Time Technoplast Ltd. (India) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Balmer Lawrie & Co. Ltd. (India), Glenroy (Australia), Mold-Tek Technologies Limited (India), Westrock Company (United States), BWAY Corp. (United States), Orora Ltd. (Australia), Milford Barrel Co Inc. (United States), Sigma Plastics Group (United States) and The International Paper Company (United States).
The Lubricant Packaging market is dominated by a few global players and comprises several regional players. Some of the key strategies followed by the players operating in the global lubricant packaging market were innovation, product development, acquisition, and expansion. Some of the manufacturers operating in the market are Mauser, Schutz, Bway, Time Technoplast, Balmer & Lawrie, among others. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Lubricant Packaging market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Lubricant Packaging market by Type, Application and Region.
On the basis of geography, the market of Lubricant Packaging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Number of Passenger Vehicle across the World
- Increasing Disposable Income of the Middle-Class Population and Rapid Industrialization
- Growing Automobile Sales in BRICS nations and Steadily Growing Power Generation Sector Worldwide
- Technology Advancement regarding Lubricant packaging
- High Price of Synthetic & Bio-Based Lubricants and Growing Popularity of Hybrid Electric Vehicles
- Increasing Dependency on Private Transport Globally
- Growing Demand from Emerging Economics such as China, India, Brazil, among others
- Issue related to Eco-Friendly Packaging Products
In 2018, the Bam Packing, Inc. (United States) Company provides offers stand-up pouches for packaging of motor oil and lubricants, which is recyclable as well as reusable. Therefore, it will affect the growth of the market in the future.
Key Target AudienceLubricant Packaging Manufacturers Company, Wholesalers, Distributors and Retailers of Lubricant Packaging, Research and Development (R&D) Companies, Research Organization and Federal Agencies
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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