The oil can market is fueled by rising demand for
lubricants across industries and the preference for convenient
dispensing solutions. Technological advancements in durable and
user-friendly packaging further propel the market. However,
fluctuating raw material costs and environmental concerns pose
potential challenges. Uncover the market drivers, competitors, and
key players' market share in our Sample Report.
NEWARK, Del., April 25, 2024 /PRNewswire/ -- The Future Market
Insights, Inc. market analysis implies an estimation of
US$ 2.90 billion for the
oil can market in 2024. These trends,
characterized by their amplifying adoption, signifies a surge in
sales of oil cans, calculated for a valuation of US$ 4.40 billion by 2034. This forecast
reflects a CAGR of 5.20% from 2024 to 2034.
Download the Sample PDF report to explore key market
insights and trends:
https://www.futuremarketinsights.com/reports/sample/rep-gb-19535
The oil can market is slated to witness steady growth ushered by
amplifying commercial production and automotive upkeep
requirements. With amplifying demand for lubricants in the
manufacturing, construction, and automotive sectors, the oil bottle
market experienced an augmentation.
The technological breakthroughs in packaging styles for
durability and convenience sustain the oil can market expansion.
Catalysts like shifting raw material costs and spurring ecological
issues are roadblocks to sales growth of oil cans. The oil can
industry indicates an optimistic trajectory, bolstered by strong
demand from end-use sectors and continual product innovations.
Regional Outlook
The rising consumer choices for convenient lubrication solutions
soar the demand for well-designed oil cans in North America. The transition towards green
packaging solutions and the stress on reusability push the
breakthroughs of sustainable oil can options in Europe. The boosting automotive and production
industries in emerging economies like China and India aids considerably in the demand for oil
cans.
"The oil can market encounters constant growth, ushered by
boosting demand from end users. Market trends of oil cans are
prompted by shifting oil costs, technological innovations, and
progressing ecological regulations, influencing competitive
policies and consumer requirements.", says Ismail Sutaria (Lead Consultant, Packaging
and Materials at Future Market Insights, Inc.).
Key Takeaways
- The plastic material possesses a share of 57.00% in 2024.
- In the capacity category, the 1 to 5 Liters segment to hold a
share of 48.00% in 2024.
- Italy oil can industry imply
augmentation at a CAGR of 4.40% between 2024 and 2034.
- Germany oil can market
indicates a CAGR of 2.50% through 2034.
- France oil can industry
indicates a CAGR of 5.60% through 2034.
- Spain sales of oil cans
indicate a CAGR of 3.70% through 2034.
- The United Kingdom oil can
market reflects expansion between 2024 and 2034 at a CAGR of
5.10%.
- Through 2034, Canada oil can
industry shows escalation at a CAGR of 4.60%.
- China oil can market exhibit
upsurge at CAGR of 6.40% between 2024 and 2034.
- Between 2024 and 2034, the United
States oil can sales imply growth at a CAGR of 3.70%.
- From 2024 to 2034, South Korea
demand for oil cans equates at a CAGR of 6.10%.
- Japan oil can sales implies
expansion at a CAGR of 5.90% through 2034.
Competitive Landscape
The competition in the oil can market is fragmented, and there
are numerous vendors. The oil can manufacturers adopt diverse
competitive tactics to strengthen the market and be ahead of the
competition. The rising sales force them to be ingenious and
fierce, administering some segregation from other oil can
producers.
Recent Developments
- In April 2021, Dover Fueling
Solution made an agreement with Shell to automate the site with
'Tokheim Fuel POS.' The agreement implicates a confirmation of the
Tokheim fuel POS system and amalgamates a touchscreen interface
that connects with various systems such as Electric Vehicle
charging, dispensers, CCTV, payments, and others.
- In December 2020, PIUSI launched
the Suzzarable-3, a comprehensive dispenser assortment for IBC
tanks needed for diverse requirements and implementations.
Purchase now and gain full access to
the Oil Can Industry report, featuring comprehensive Market
Forecast, Company Share Analysis, Competition Intelligence, DROT
Analysis, Market Dynamics and Challenges, and Strategic Growth
Initiatives.
About the Author:
Ismail Sutaria (Lead
Consultant, Packaging and Materials) has over 8 years of experience
in market research and consulting in the packaging & materials
industry. Ismail's strength lies in identifying key challenges
faced by the client and offering logical and actionable insights to
equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational
consulting assignments. His key skills include competitive
benchmarking, opportunity assessment, macroeconomic analysis, and
business transformation advisory. Ismail is an MBA holder in
Marketing and has a Bachelor's Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has
been widely covered in electronic and print media. He is a Speaker
at our upcoming Talk show - Rise of the Intelligent Packaging.
Ismail has been quoted in leading publications, including the
European Pharmaceutical Review and the European Adhesive Tape
Association.
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