Lubricant Packaging Market Size, Share and Industry Analysis Report by Material (Plastic [PP, PET, PE, PVC], Metal [Aluminum, Tin, Steel]), Packaging (Kegs & Drums, Cans & Bottles, Pails, IBC), Lubricant (Engine Oils, Transmission & Hydraulic Fluids, Proc

Lubricant Packaging Market Size, Share and Industry Analysis Report by Material (Plastic [PP, PET, PE, PVC], Metal [Aluminum, Tin, Steel]), Packaging (Kegs & Drums, Cans & Bottles, Pails, IBC), Lubricant (Engine Oils, Transmission & Hydraulic Fluids, Process Oils, Metalworking Fluids, General Industry Oils), and End-user (Automobile, Metal Fabrication, Oil & Gas, Power Generation, Chemical) Regional Outlook, Application Growth Potential, Competitive Market Share & Forecast, 2022 - 2030

The lubricant packaging market is poised to register significant growth through 2030 owing to prominent industrial activities across the globe. Additionally, booming demand for power generation is also set to augment market demand over the forecast period.

Furthermore, major players in the market have been strategically investing in product launches, R&D activities, and acquisitions to bolster their business presence, thereby fostering industry outlook. For instance, in October 2021, Schutz, a Germany-based manufacturer of transport packaging, announced its plans to acquire GEM Plastics Limited, an Ireland-based producer of industrial packaging for the chemical, lubricant, and other sectors. With this acquisition, Schutz intended to offer a wide range of products in the industrial packaging sector to its local customers.

To cite another instance, in July 2022, Kraton Corporation, a specialty polymers expert, published its sustainability report highlighting its approach and progress to promote the integration of sustainability, which it supports by investing in the development of innovative solutions and technologies. Kraton's polymers find usage in adhesives, coatings, sealants and lubricants, automotive, and roofing, among other applications.

The lubricant packaging market has been bifurcated in terms of packaging type, end user, material, lubricant, and region.

In the context of packaging type, the market has been divided into cans & bottles, pails, kegs & drums, intermediate bulk containers (IBC), and others (stand-up pouches, bag-in-box, tubes, etc.). Among these, the intermediate bulk containers (IBC) segment is primed to register substantial gains by 2030, growing at more than 3% CAGR over the study timeframe.

From the end user perspective, the lubricant packaging market has been segmented into metal fabrication, power generation, automobile, oil & gas, chemical industry, and others (aerospace, marine, construction, etc.). The power generation segment is estimated to witness sizable development at about 4% CAGR through the analysis timeline.

On the basis of lubricant, the market has been bifurcated into transmission & hydraulic fluids, metalworking fluids, engine oils, process oils, general industrial oils, and others (additives, grease, transformer oil, etc.). The transformer & hydraulic fluids segment is anticipated to capture approximately 15% revenue share in the market by 2030. Meanwhile, the metalworking fluids segment is projected to witness robust growth, progressing at a CAGR of around 3.5% over the review timespan.

On the regional front, the lubricant packaging market in the North America region is expected to generate above $2 million in revenue by 2030. On the other hand, the Middle East & Africa lubricant packaging industry is set to grow at a steady pace to exceed a valuation of $452.0 thousand by the end of the forecast period.