Packaging refers to the process of enclosing or wrapping up of a product for storage, distribution, and protection from external environment for sales, transport, or warehousing. Lubricants packaging is a special type of packaging used to encase lubricant products such as motor oil, grease, engine oil, gear oil, hydraulic machine, and brake oil. The various types of lubricants packaging include stand-up pouches, bottles, tubes, cans, bag-in-box, pails, and drums.
Technavio’s analysts forecast the global lubricants packaging market to grow at a CAGR of 2.29% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global lubricants packaging market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio’s report, Global Lubricants Packaging Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Other prominent vendors • BAM Packaging • Berry Plastics • CDF • KLW Plastics • Nipa Industry • Smurfit Kappa • Sonoco Products • Takween Advanced Industries • Zamil Plastics
Market driver • Low price of crude oil • For a full, detailed list, view our report
Market challenge • Fragmented market place and crude oil prices leading to increased competition • For a full, detailed list, view our report
Market trend • Growth of innovative packaging technology for lubricants • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space?
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By Asia Market Information & Development Company
• Mar 2021
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