Lubricant Packaging Market Update, Analysis, Forecast, 2019 – 2024 - PowerPoint PPT Presentation

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Lubricant Packaging Market Update, Analysis, Forecast, 2019 – 2024

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Statistics of Lubricant Packaging Market covering market size, industry share numbers, regional outlook, competitive landscape with data about leading companies is now available in the latest report by Global Market Insights, Inc. – PowerPoint PPT presentation

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Title: Lubricant Packaging Market Update, Analysis, Forecast, 2019 – 2024


1
Lubricant Packaging Market Growth Outlook with
Industry Review and Forecast 2019-2024
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Rights Reserved
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2
Global Market Scenario of Lubricant Packaging
Industry
  • Plastic held more than 70 of global lubricant
    packaging market share on account of its
    durability, easy availability and cost
    competitiveness in 2016.
  • In plastic sub-segment, polyethylene held
    approximately 40 in 2016 of overall plastic
    lubricant packaging market. In metal sub-segment,
    aluminum accounted over 60 of industry chunk in
    2016.
  • Aluminum is cost effective, abundantly available
    in earth's crust and lightweight making it highly
    suitable for applications demanding minimum
    packaging weight.
  • In 2016, kegs drums generated largest revenue
    in lubricant packaging market, followed by cans
    bottles. Can bottles shall experience surge in
    demand in the near future due to its extensive
    usage across all key end-users for handling,
    storing and transporting lubricants.
  • Pails are anticipated to grow at around 3 CAGR
    during the forecast period owing to rising demand
    for compact and small lubricant vessels and
    containers.
  • Process oils shall witness maximum growth in
    lubricant packaging market by 2024. Process oils
    play a key role in manufacturing polymer
    products, which are used in consumer goods,
    automotive, medical sector, etc.

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Rights Reserved
www.gminsights.com
3
Continue-
  • Process oil observes substantial demand from
    escalating rising automobile industry due to its
    ability to offer unique traits such as high
    saturation point, purity, stability and low
    volatility.
  • Positive growth indicators in automobile and
    power generation industry will be primarily
    driving lubricant packaging market during the
    forecast timeframe.
  • The global automotive sales in 2005 was roughly
    65 million units and reached 93 million units in
    2016, this elevation in the automotive sales is
    poised to positively influence lubricant
    packaging market for the forecast duration.
  • North America plays an important role in
    lubricant packaging market due to technological
    upgradations in automobile sector accompanied
    with numerous ongoing shale gas exploration in
    the U.S.
  • Oscillating petrochemical price dynamics and land
    pollution from plastic packaging products lays
    challenge for future lubricant packaging market
    players.

2018 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
4
Request for sample copy of this research report_at_
https//bit.ly/2O8wOqX
2018 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
5
360 Industry Analysis
  • In 2016, Asia Pacific, led by China held largest
    share of global lubricants packaging market and
    shall hold its position in terms of volume during
    the forecast timespan.
  • Asia Pacific is currently witnessing huge foreign
    direct investments from multi-national power
    generation and automobile players, which is
    anticipated to boost the industrial scenario in
    countries including India, Japan, china,
    Thailand, Malaysia, Indonesia, etc.
  • In 2016, Europe followed APAC in global lubricant
    packaging market volume. Prevalence of
    substantial automobile industry in Germany, the
    UK, and France are prime drivers for lubricant
    packaging market in the region.
  • North America will witness significant growth
    rate after Asia Pacific by 2024 in lubricant
    packaging market owing massive lubricant demand
    across industries such as automotive, power
    generation and oil gas.
  •  

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6
  • Competitive Analysis
  • Lubricant packaging market share was fairly
    consolidated in 2016 with major player holding
    50 industry share. Key product manufacturers
    include BWAY Corporation, Balmer Lawrie, Grief,
    Glenroy, Time Technoplast, Milford Barrel, Mauser
    Group, and SCHUTZ.

Make An Inquiry For Purchasing This Report
_at_https//bit.ly/2QGIX85
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7
Latest Research Report On Lubricant Packaging
Market _at_ https//bit.ly/2QGIG53 Request for
sample of this research report_at_
https//bit.ly/2O8wOqX Request for
customization https//bit.ly/2QE1mT7
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8
Stay In Touch You can visit us at
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Thank You!
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