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.
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On 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. The growing demand for automobile especially in the U.S. shall positively influence the growth of the segment. 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 Material
- Metal
- Aluminum
- Tin
- Steel
- Plastic
- PE
- PET
- PP
- PVC
- Others
North America Lubricant Packaging Market Trends, By Packaging Type
- Kegs & drums
- Cans & bottles
- Intermediate bulk containers (IBC)
- Pails
- Others
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North America Lubricant Packaging Market Size, By Lubricant
- Engine oils
- Transmission & hydraulic fluids
- Process oils
- Metalworking fluids
- General Industrial oils
- Others
North America Lubricant Packaging Market Value, By End-user
- Automobile
- Metal fabrication
- Oil & gas
- Power generation
- Chemical industry
- Others
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On 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 growing demand for kegs and drums in warehouses owing to its easy stackable property is projected to substantially contribute to the segment growth.
Some of the major players in the North America lubricant packaging market are Glenroy, Inc, Greif, Inc, Martin Operating Partnership L.P, Mauser Group B.V, Milford Barrel, BWAY Corporation, Universal Lubricants and Scholle IPN.
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Related Reports:
Europe Lubricant Packaging Market : https://www.graphicalresearch.com/industry-insights/1225/europe-lubricant-packaging-market
Asia Pacific Lubricant Packaging Market : https://www.graphicalresearch.com/industry-insights/1224/asia-pacific-lubricant-packaging-market
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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.
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.
Thermal spray components and polyethylene terephthalate sheets that are put inside the bottles or containers are significantly reliant on these conventional packaging forms.
As a result, it is critical to ensure that these thermoplastic bottles and containers are properly disposed of as soon as possible.
According to the report published by Allied Market Research, the North America liquid packaging market generated $93.1 billion in 2019, and is estimated to reach $137.1 billion by 2027, registering a CAGR of 5.4% from 2020 to 2027.
The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios.Surge in demand for FMCG goods, and growing demand for sustainable as well as lighweight packaging drive the growth of the North America liquid packaging market.
Furthermore, development of nano-food packaging is expected to provide new growth opportunities for the market player in near future.Download PDF Brochure: https://www.alliedmarketresearch.com/request-sample/7088Covid-19 scenario:The demand for liquid packaging has been surged during the Covid-19 pandemic due to increase in its usage for packaging of FMCG products such as sanitizer, hand washes, and liquid detergents.In addition, its demand from pharmaceutical industry has also been surged during the Covid-19 pandemic for packaging of dietary supplements, such as vitamins, and other essential supplies, such as allergy medication.The report offers a detailed segmentation of the North America liquid packaging market based on resin, packaging type, technology, end-user, and country.Based on resin, the polyethylene segment contributed to the largest share in 2019, accounting for nearly one-third of the total share, and is estimated to maintain its dominant position during the forecast period.
In addition, the segment is estimated to portray the highest CAGR of 6.6% during the forecast period.Get Detailed COVID-19 Impact Analysis on the North America Liquid Packaging Market : https://www.alliedmarketresearch.com/request-for-customization/7088?reqfor=covidBased on packaging type, the rigid segment accounted for the largest share in 2019, holding more than three-fifths of the total share, and is expected to maintain the largest share throughout the forecast period.
In addition, the region is expected to grow at the highest CAGR of 6.2% from 2020 to 2027.Leading market players analyzed in the research include Berry North America, Amcor Limited, Goglio S.p.A., Constantia Flexibles, ProAmpac, Mondi Plc, Sealed Air Corporation, Reynolds Group Holdings Ltd., Sonoco Products Company, and Sealed Air Corporation.Interested in Procuring this Report?
Visit Here: https://www.alliedmarketresearch.com/purchase-enquiry/7088About Allied Market Research:Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon.
