Lubricant Oil Packaging Market Size, Share, Research Report - Forecast To 2023

Lubricant Oil Packaging Market Overview

Lubricants packaging is defined to be a particular type of packaging used for lubricant products such as motor oil, grease, engine oil, gear oil, hydraulic machine, and brake oil. The invention in technology and augmented expenditure on non-oil industries are also driving the Lubricant Oil Packaging market growth.

Key Players

The protruding players in the Lubricant Oil Packaging market are

Amcor Limited (Switzerland)
Glenroy,Inc(US)
Graham Packaging (US)
Mold Tek Packaging(India)
Scholle IPN (US)
BAM Packaging (US)
Berry Plastics (US)
CDF (US)
Greif, Inc(US)
SCHÜTZ GmbH & Co., KGaA (Germany) and among others.

Regional Analysis

Regionally, the Lubricant Oil Packaging market has covered significant regions of North America, Europe, Asia-Pacific, and the rest of the world. Of them, Asia-Pacific has accounted for the largest market share in 2017 owing to the rapid growth in automobile sales, which is driving the growth of the market in Asia-Pacific. Moreover, the expansion of the oil & gas and automobile sector is also anticipated to fuel the market demand. With that, sustained investments in the oil & gas sector are also influencing the market growth positively. It has also been observed that rapidly growing industrialization in the region is even driving the demand of the market. Countries like China, Japan, India, and Singapore are the major markets where growing demand for long durable storage materials such as HDPE plastic on edge. This plays as a lucrative opportunity for the active players for market growth.

Whereas, North America is also leading the global Lubricant Oil Packaging market in 2018 and is expected to continue its supremacy over the forecast timeframe. This growth is attributed to the growing need for Lubricant Oil Packaging and the ever increasing sales of automobile and continuously developing automobile industry coupled with rapid technological advancements.

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