Product Code: FBI113503
Growth Factors of lubricants oil drum Market
The global lubricants oil drum market is experiencing strong growth driven by rapid industrial expansion, rising automotive production, and the increasing need for safe, durable storage for industrial and automotive lubricants. According to the report, the market was valued at USD 2.82 billion in 2024, is projected to rise to USD 3.05 billion in 2025, and is expected to reach USD 5.61 billion by 2032, expanding at a CAGR of 9.06% during the forecast period. With robust economic activities and accelerating consumption of lubricants, Asia Pacific dominated the market with a 36.88% share in 2024, supported by strong automotive sales, expanding manufacturing operations, and high demand across food and beverage, chemicals, and industrial sectors.
A lubricant oil drum-typically made from steel, plastic, or fiber-is essential for the storage and transportation of lubricating oils used to reduce friction, enhance machinery performance, and extend operational life across industries. These drums ensure safety, prevent contamination, and maintain product integrity in automotive, aerospace, marine, manufacturing, and construction sectors. Leading companies such as Greif, Inc. and Mauser Packaging Solutions maintain a strong presence in the market through their extensive product portfolios, global distribution networks, and focus on sustainable packaging solutions.
Market Dynamics
Market Driver - Industrialization and Automotive Growth Boost Market Expansion
Global industrialization-particularly in regions such as India, China, Southeast Asia, Brazil, and Africa-is significantly increasing the consumption of industrial lubricants. Heavy machinery in mining, manufacturing, and construction requires large quantities of lubricants, which are efficiently stored and transported in oil drums. The automotive sector remains the largest consumer of lubricants, driven by rising vehicle ownership, expanding commercial fleets, and increasing production of cars and trucks worldwide.
The U.S. remains one of the world's largest automotive markets, recording 11.5 million new light vehicle sales in 2022, while international manufacturers produced 4.9 million vehicles in 2023. India also continues to witness strong vehicle demand, with passenger vehicle sales reaching 3.34 lakh units in November 2023. These developments and growing R&D investments-such as USD 7.9 billion invested by foreign-owned automotive firms in U.S. R&D in 2022-are accelerating lubricant consumption and drum demand globally.
Market Restraint - Transportation & Compliance Challenges
The lubricants oil drum market faces challenges in transportation, storage, and regulatory compliance. Drums are prone to dents, leakage, corrosion, and seal failure during handling. Improper labeling or lack of batch traceability complicates quality control and end-user safety. Residual lubricant waste inside drums complicates cleaning and recycling. Manufacturers must adhere to stringent regulations such as the Globally Harmonized System (GHS), DOT/ADR transport rules, and environmental standards. Non-compliance can lead to operational delays, penalties, and product loss, restraining overall market growth.
Market Opportunity - Rising Demand for Sustainable Packaging
Global sustainability regulations are pushing manufacturers to innovate eco-friendly drum solutions. Steel drums-reusable up to 6-10 cycles-and recyclable plastic drums made from recycled HDPE (rHDPE) are gaining strong traction. Government policies such as the EU Green Deal and India's Plastic Waste Management Rules encourage recycled, reusable, and environmentally safe packaging. This shift presents significant long-term opportunities for manufacturers offering resource-efficient, recyclable, and compliant drums.
Market Trends
A major trend shaping the market is the rise of bio-based, energy-efficient, and environmentally friendly lubricants, which require high-quality storage solutions. Industries adopting biodegradable lubricants, enhanced-performance oils, and energy-saving formulations increasingly rely on robust and compliant oil drums, strengthening market demand.
Segmentation Insights
By Product Type
Steel drums held the largest market share in 2024 due to their durability, reusability, and high resistance to impact, making them ideal for hazardous and non-hazardous lubricants.
Plastic drums ranked second, widely used for food-grade, pharmaceutical, and lightweight lubricant applications.
By Capacity
The 100-250 liters segment dominated in 2024 as these drums are compatible with industrial solvents, laboratory chemicals, and most lubricants.
The below 100 liters segment followed, preferred for lightweight handling and improved stackability.
By End-use Industry
The automotive sector held the largest share in 2024, as lubricants in drums are crucial for engine performance, heat dispersion, and reduction of wear and friction.
The aerospace sector is expected to grow steadily due to rising demand for high-performance lubricant storage solutions.
Regional Insights
Asia Pacific - Market Leader
Asia Pacific reached USD 1.04 billion in 2024, driven by automotive sales, food & beverage exports, and rapid industrialization. The region's strong manufacturing base and rising export activities are accelerating drum demand.
North America
North America remains the second-largest market, supported by advanced manufacturing, expanding automation, and strong vehicle production.
Europe
Europe's adoption of AI-driven quality systems enhances drum production efficiency, reducing defects and boosting market growth.
Rest of the World
Emerging economies in the Middle East, Africa, and Latin America are witnessing rising lubricant consumption due to industrial development and expanding automotive markets.
Conclusion
Growing from USD 2.82 billion in 2024 to USD 5.61 billion by 2032, the global lubricants oil drum market is poised for substantial expansion. Industrial growth, sustainability trends, and rising automotive demand will continue strengthening the market's trajectory through 2032.
Segmentation By Product Type
- Steel Drum
- Plastic Drum
- Fiber Drum
By Capacity
- Less than 100 Liters
- 100 to 250 Liters
- 251 to 500 Liters
- Above 500 Liters
By End-use Industry
- Automotive
- Aerospace
- Marine
- Others
By Region
- North America (Product Type, Capacity, End-use Industry, and Country)
- U.S. (By Product Type)
- Canada (By Product Type)
- Europe (Product Type, Capacity, End-use Industry, and Country)
- Germany (By Product Type)
- U.K. (By Product Type)
- France (By Product Type)
- Spain (By Product Type)
- Italy (By Product Type)
- Russia (By Product Type)
- Poland (By Product Type)
- Romania (By Product Type)
- Rest of Europe (By Product Type)
- Asia Pacific (Product Type, Capacity, End-use Industry, and Country)
- China (By Product Type)
- Japan (By Product Type)
- India (By Product Type)
- Australia (By Product Type)
- Southeast Asia (By Product Type)
- Rest of Asia Pacific (By Product Type)
- Rest of the World
Table of Content
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends - For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regolatory Landscape
- 4.4. Porter's Five Forces Analysis
- 4.5. Value Chain Analysis
- 4.6. Global Packaging Industry Outlook
- 4.7. Impact of COVID-19 on the Lubricants Oil Drum Market
5. Global Lubricants Oil Drum Market Analysis (Billion Units, USD Billion), Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast - By Product Type
- 5.2.1. Steel Drum
- 5.2.2. Plastic Drum
- 5.2.3. Fiber Drum
- 5.3. Market Analysis, Insights and Forecast - By Capacity
- 5.3.1. Less than 100 Liters
- 5.3.2. 100 to 250 Liters
- 5.3.3. 251 to 500 Liters
- 5.3.4. Above 500 Liters
- 5.4. Market Analysis, Insights and Forecast - By End-use Industry
- 5.4.1. Automotive
- 5.4.2. Aerospace
- 5.4.3. Marine
- 5.4.4. Others
- 5.5. Market Analysis, Insights and Forecast - By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America
- 5.5.5. Middle East & Africa
6. North America Lubricants Oil Drum Market Analysis (Billion Units, USD Billion), Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast - By Product Type
- 6.2.1. Steel Drum
- 6.2.2. Plastic Drum
- 6.2.3. Fiber Drum
- 6.3. Market Analysis, Insights and Forecast - By Capacity
- 6.3.1. Less than 100 Liters
- 6.3.2. 100 to 250 Liters
- 6.3.3. 251 to 500 Liters
- 6.3.4. Above 500 Liters
- 6.4. Market Analysis, Insights and Forecast - By End-use Industry
- 6.4.1. Automotive
- 6.4.2. Aerospace
- 6.4.3. Marine
- 6.4.4. Others
- 6.5. Market Analysis, Insights and Forecast - By Country
- 6.5.1. S. Market Analysis, Insights and Forecast - By Product Type
- 6.5.1.1. Automotive
- 6.5.1.2. Aerospace
- 6.5.1.3. Marine
- 6.5.1.4. Others
- 6.5.2. Canada Market Analysis, Insights and Forecast - By Product Type
- 6.5.2.1. Automotive
- 6.5.2.2. Aerospace
- 6.5.2.3. Marine
- 6.5.2.4. Others
7. Europe Lubricants Oil Drum Market Analysis (Billion Units, USD Billion), Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast - By Product Type
- 7.2.1. Steel Drum
- 7.2.2. Plastic Drum
- 7.2.3. Fiber Drum
- 7.3. Market Analysis, Insights and Forecast - By Capacity
- 7.3.1. Less than 100 Liters
- 7.3.2. 100 to 250 Liters
- 7.3.3. 251 to 500 Liters
- 7.3.4. Above 500 Liters
- 7.4. Market Analysis, Insights and Forecast - By End-use Industry
- 7.4.1. Automotive
- 7.4.2. Aerospace
- 7.4.3. Marine
- 7.4.4. Others
- 7.5. Market Analysis, Insights and Forecast - By Country
- 7.5.1. Germany Market Analysis, Insights and Forecast - By Product Type
- 7.5.1.1. Automotive
- 7.5.1.2. Aerospace
- 7.5.1.3. Marine
- 7.5.1.4. Others
- 7.5.2. K. Market Analysis, Insights and Forecast - By Product Type
- 7.5.2.1. Automotive
- 7.5.2.2. Aerospace
- 7.5.2.3. Marine
- 7.5.2.4. Others
- 7.5.3. France Market Analysis, Insights and Forecast - By Product Type
- 7.5.3.1. Automotive
- 7.5.3.2. Aerospace
- 7.5.3.3. Marine
- 7.5.3.4. Others
- 7.5.4. Italy Market Analysis, Insights and Forecast - By Product Type
- 7.5.4.1. Automotive
- 7.5.4.2. Aerospace
- 7.5.4.3. Marine
- 7.5.4.4. Others
- 7.5.5. Spain Market Analysis, Insights and Forecast - By Product Type
- 7.5.5.1. Automotive
- 7.5.5.2. Aerospace
- 7.5.5.3. Marine
- 7.5.5.4. Others
- 7.5.6. Russia Market Analysis, Insights and Forecast - By Product Type
- 7.5.6.1. Automotive
- 7.5.6.2. Aerospace
- 7.5.6.3. Marine
- 7.5.6.4. Others
- 7.5.7. Poland Market Analysis, Insights and Forecast - By Product Type
- 7.5.7.1. Automotive
- 7.5.7.2. Aerospace
- 7.5.7.3. Marine
- 7.5.7.4. Others
- 7.5.8. Romania Market Analysis, Insights and Forecast - By Product Type
- 7.5.8.1. Automotive
- 7.5.8.2. Aerospace
- 7.5.8.3. Marine
- 7.5.8.4. Others
- 7.5.9. Rest of Europe Market Analysis, Insights and Forecast - By Product Type
- 7.5.9.1. Automotive
- 7.5.9.2. Aerospace
- 7.5.9.3. Marine
- 7.5.9.4. Others
8. Asia Pacific Lubricants Oil Drum Market Analysis (Billion Units, USD Billion), Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast - By Product Type
- 8.2.1. Steel Drum
- 8.2.2. Plastic Drum
- 8.2.3. Fiber Drum
- 8.3. Market Analysis, Insights and Forecast - By Capacity
- 8.3.1. Less than 100 Liters
- 8.3.2. 100 to 250 Liters
- 8.3.3. 251 to 500 Liters
- 8.3.4. Above 500 Liters
- 8.4. Market Analysis, Insights and Forecast - By End-use Industry
- 8.4.1. Automotive
- 8.4.2. Aerospace
- 8.4.3. Marine
- 8.4.4. Others
- 8.5. Market Analysis, Insights and Forecast - By Country
- 8.5.1. China Market Analysis, Insights and Forecast - By Product Type
- 8.5.1.1. Automotive
- 8.5.1.2. Aerospace
- 8.5.1.3. Marine
- 8.5.1.4. Others
- 8.5.2. India Market Analysis, Insights and Forecast - By Product Type
- 8.5.2.1. Automotive
- 8.5.2.2. Aerospace
- 8.5.2.3. Marine
- 8.5.2.4. Others
- 8.5.3. Japan Market Analysis, Insights and Forecast - By Product Type
- 8.5.3.1. Automotive
- 8.5.3.2. Aerospace
- 8.5.3.3. Marine
- 8.5.3.4. Others
- 8.5.4. Australia Market Analysis, Insights and Forecast - By Product Type
- 8.5.4.1. Automotive
- 8.5.4.2. Aerospace
- 8.5.4.3. Marine
- 8.5.4.4. Others
- 8.5.5. Southeast Asia Market Analysis, Insights and Forecast - By Product Type
- 8.5.5.1. Automotive
- 8.5.5.2. Aerospace
- 8.5.5.3. Marine
- 8.5.5.4. Others
- 8.5.6. Rest of Asia Pacific Market Analysis, Insights and Forecast - By Product Type
- 8.5.6.1. Automotive
- 8.5.6.2. Aerospace
- 8.5.6.3. Marine
- 8.5.6.4. Others
9. Latin America Lubricants Oil Drum Market Analysis (Billion Units, USD Billion), Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast - By Product Type
- 9.2.1. Steel Drum
- 9.2.2. Plastic Drum
- 9.2.3. Fiber Drum
- 9.3. Market Analysis, Insights and Forecast - By Capacity
- 9.3.1. Less than 100 Liters
- 9.3.2. 100 to 250 Liters
- 9.3.3. 251 to 500 Liters
- 9.3.4. Above 500 Liters
- 9.4. Market Analysis, Insights and Forecast - By End-use Industry
- 9.4.1. Automotive
- 9.4.2. Aerospace
- 9.4.3. Marine
- 9.4.4. Others
- 9.5. Market Analysis, Insights and Forecast - By Country
- 9.5.1. Brazil Market Analysis, Insights and Forecast - By Product Type
- 9.5.1.1. Automotive
- 9.5.1.2. Aerospace
- 9.5.1.3. Marine
- 9.5.1.4. Others
- 9.5.2. Mexico Market Analysis, Insights and Forecast - By Product Type
- 9.5.2.1. Automotive
- 9.5.2.2. Aerospace
- 9.5.2.3. Marine
- 9.5.2.4. Others
- 9.5.3. Argentina Market Analysis, Insights and Forecast - By Product Type
- 9.5.3.1. Automotive
- 9.5.3.2. Aerospace
- 9.5.3.3. Marine
- 9.5.3.4. Others
- 9.5.4. Rest of Latin America Market Analysis, Insights and Forecast - By Product Type
- 9.5.4.1. Automotive
- 9.5.4.2. Aerospace
- 9.5.4.3. Marine
- 9.5.4.4. Others
10. Middle East & Africa Lubricants Oil Drum Market Analysis (Billion Units, USD Billion), Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast - By Product Type
- 10.2.1. Steel Drum
- 10.2.2. Plastic Drum
- 10.2.3. Fiber Drum
- 10.3. Market Analysis, Insights and Forecast - By Capacity
- 10.3.1. Less than 100 Liters
- 10.3.2. 100 to 250 Liters
- 10.3.3. 251 to 500 Liters
- 10.3.4. Above 500 Liters
- 10.4. Market Analysis, Insights and Forecast - By End-use Industry
- 10.4.1. Automotive
- 10.4.2. Aerospace
- 10.4.3. Marine
- 10.4.4. Others
- 10.5. Market Analysis, Insights and Forecast - By Country
- 10.5.1. Saudi Arabia Market Analysis, Insights and Forecast - By Product Type
- 10.5.1.1. Automotive
- 10.5.1.2. Aerospace
- 10.5.1.3. Marine
- 10.5.1.4. Others
- 10.5.2. UAE Market Analysis, Insights and Forecast - By Product Type
- 10.5.2.1. Automotive
- 10.5.2.2. Aerospace
- 10.5.2.3. Marine
- 10.5.2.4. Others
- 10.5.3. Oman Market Analysis, Insights and Forecast - By Product Type
- 10.5.3.1. Automotive
- 10.5.3.2. Aerospace
- 10.5.3.3. Marine
- 10.5.3.4. Others
- 10.5.4. South Africa Market Analysis, Insights and Forecast - By Product Type
- 10.5.4.1. Automotive
- 10.5.4.2. Aerospace
- 10.5.4.3. Marine
- 10.5.4.4. Others
- 10.5.5. Rest of Middle East & Africa Market Analysis, Insights and Forecast - By Product Type
- 10.5.5.1. Automotive
- 10.5.5.2. Aerospace
- 10.5.5.3. Marine
- 10.5.5.4. Others
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2024
- 11.2. Company Profile
- 11.2.1. Greif, Inc.
- 11.2.1.1. Business Overview
- 11.2.1.2. Product Offering
- 11.2.1.3. Financials
- 11.2.1.4. Recent Development
- 11.2.2. Mauser Packaging Solutions
- 11.2.2.1. Business Overview
- 11.2.2.2. Product Offering
- 11.2.2.3. Financials
- 11.2.2.4. Recent Development
- 11.2.3. Sicagen
- 11.2.3.1. Business Overview
- 11.2.3.2. Product Offering
- 11.2.3.3. Financials
- 11.2.3.4. Recent Development
- 11.2.4. CL Smith
- 11.2.4.1. Business Overview
- 11.2.4.2. Product Offering
- 11.2.4.3. Financials
- 11.2.4.4. Recent Development
- 11.2.5. Balmer Lawrie & Co. Ltd.
- 11.2.5.1. Business Overview
- 11.2.5.2. Product Offering
- 11.2.5.3. Financials
- 11.2.5.4. Recent Development
- 11.2.6. North Coast Container LLC
- 11.2.6.1. Business Overview
- 11.2.6.2. Product Offering
- 11.2.6.3. Financials
- 11.2.6.4. Recent Development
- 11.2.7. TPL Plastech Limited
- 11.2.7.1. Business Overview
- 11.2.7.2. Product Offering
- 11.2.7.3. Financials
- 11.2.7.4. Recent Development
- 11.2.8. CDF Corporation
- 11.2.8.1. Business Overview
- 11.2.8.2. Product Offering
- 11.2.8.3. Financials
- 11.2.8.4. Recent Development
- 11.2.9. Schutz GmbH & Co. KGaA
- 11.2.9.1. Business Overview
- 11.2.9.2. Product Offering
- 11.2.9.3. Financials
- 11.2.9.4. Recent Development
- 11.2.10. Emirates Plastic Industry Factory LLC
- 11.2.10.1. Business Overview
- 11.2.10.2. Product Offering
- 11.2.10.3. Financials
- 11.2.10.4. Recent Development
- 11.2.11. Shanghai Metal Corporation
- 11.2.11.1. Business Overview
- 11.2.11.2. Product Offering
- 11.2.11.3. Financials
- 11.2.11.4. Recent Development
- 11.2.12. Wuxi Bright Packing Co., Ltd.
- 11.2.12.1. Business Overview
- 11.2.12.2. Product Offering
- 11.2.12.3. Financials
- 11.2.12.4. Recent Development
- 11.2.13. Pyramid Technoplast Ltd.
- 11.2.13.1. Business Overview
- 11.2.13.2. Product Offering
- 11.2.13.3. Financials
- 11.2.13.4. Recent Development
- 11.2.14. Yamamoto Industries, Ltd.
- 11.2.14.1. Business Overview
- 11.2.14.2. Product Offering
- 11.2.14.3. Financials
- 11.2.14.4. Recent Development
- 11.2.15. Shree Shyam Technoplast
- 11.2.15.1. Business Overview
- 11.2.15.2. Product Offering
- 11.2.15.3. Financials
- 11.2.15.4. Recent Development