Sales of lubricant packaging is anticipated to be valued at nearly US$ 6,200 Mn in 2017 and is likely to reach nearly US$ 8,800 Mn by the end of 2025, displaying a CAGR of 4.5%.
The demand for lubricant packaging from the automobile industry is quite significant. Further, it has been noted the requirement for lubricant packaging in developed countries is rising at a slower rate.
To study further, a new study has been added to the vast database of Market Research Reports Search Engine (MRRSE). The report is titled “Lubricant Packaging Market: Global Industry Analysis & Opportunity Assessment 2017-2025”, which talks about the present market status along with future forecast for the period until 2025.A variety of factors including market trends, drivers and restraints are carefully studied in this research study.
As per key research findings, global sales of lubricant packaging is anticipated to be valued at nearly US$ 6,200 Mn in 2017 and is likely to reach nearly US$ 8,800 Mn by the end of 2025, displaying a CAGR of 4.5% over the forecast period.
The research report starts with a brief description about the research methodology and assumptions. Further, the market overview includes global lubricant packaging market size and forecast, Y- o - Y growth, value chain analysis and profitability margins.
To add more, the readers can also acquire information about the market dynamics such as drivers, restraints, market trends and opportunities, which are expected to influence the global lubricant packaging market.
The next section of the report discusses the market segmentation based on different factors such as packaging type, lubricant type, material type, end use and region. Based on the packaging type, the various segments include bottles, drums, cans, pails, tubes, kegs, intermediate bulk containers and bag-in-box.
It has been analyzed that, In terms of value, the drums segment is projected to account for 26.3% share of the global lubricant packaging market by the end of 2017. the can segment is likely to dominate the global lubricant packaging market during the forecast period with an increase of 80 BPS.
Further, considering the end-use, the market for lubricant packaging is bifurcated into automotive, oil & gas, metalworking, power generation, chemicals and machine industry. All these segments are analyzed on the basis of BPS analysis, market attractiveness analysis and prominent trends.
Geographically, the global lubricant packaging market is spread across North America, Latin America, Europe, Asia Pacific and MEA. Each of these regions is analyzed on the basis of Y-o-Y growth projections, key regulations, market size (US$ Mn) & volume (units) forecast and market share evaluation.
Browse Full Report with TOC : www.mrrse.com/global-lubricant-packaging-market
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