Lubricant Packaging Market to grow by USD 2.27 Bn by 2026, Expansion of the automotive industry bolstering the market to boost market growth – Technavio – QNT Press Release

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NEW YORK, Oct. 11, 2022 /PRNewswire/ — The latest report on the packaging lubricant market2021-2026 estimates it to register an incremental growth of USD 2.27 billionat a CAGR of 3.92% during the forecast period.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Amcor Plc, BAM Packaging Consulting GmbH, Berry Global Group Inc., CDF Corp., CYL Corp. Berhad, FUCHS PETROLUB SE, Glenroy Inc., Graham Packaging Co. LP, Greif Inc., MAUSER Corporate GmbH, Mold Tek Packaging Ltd. , Shell plc, SIG Combibloc Group AG, Smurfit Kappa Group Plc, Sonoco Products Co., Takween Advanced Industries, Time Technoplast Ltd., Valvoline Inc., and Nipa Industry are among some of the major market participants.

The expansion of the automotive industry bolstering the market has been instrumental in driving its growth of the market. However, Fluctuating raw material prices might hamper the market growth. Request Free Sample Report.

Based on geographic segmentation, 46% of the market’s originated from APAC during the forecast period. In addition, the automotive category led the growth under the end-user segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the superfood powders market size.

• End-user
• Automotive
• Metalworking
• Oil And Gas
• Others
• Geography
• APAC
• North America
• Europe
• South America
• Middle East And Africa

The automotive segment’s market share for lubricant packaging will expand significantly. The automobile industry’s need for high-performance lubricants is expanding quickly as more people switch to fuel-efficient vehicles and motorcycles. The need for automotive lubricants is also being driven by the usage of lubricants in novel applications, such as battery cooling and noise reduction, which will support the market’s growth over the projection period. Buy Sample Report.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The lubricant packaging market report covers the following areas:

• Lubricant Packaging Market Size
• Lubricant Packaging Market Trends
• Lubricant Packaging Market Industry Analysis

This study identifies the demand for environmentally friendly packaging as one of the prime reasons driving the Lubricant Packaging Market growth during the next few years. Download Free Sample Report.

• CAGR of the market during the forecast period
• Detailed information on factors that will assist lubricant packaging market growth during the next five years
• Estimation of the lubricant packaging market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the lubricant packaging market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of the lubricant packaging market, vendors

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Full story available on Benzinga.com

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