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GCC LUBRICANT PACKAGING MARKET ANALYSIS

GCC Lubricant Packaging Market 2017u20132027

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GCC LUBRICANT PACKAGING MARKET ANALYSIS

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. GCC LUBRICANT PACKAGING MARKET ANALYSIS GCC Lubricant Packaging Market, By Packaging Type (Stand UP Pouches, Bottles, Drums, Pails, Cans, Tubes, Kegs, Bag in Box, IBC), By Lubricant Type (Engine Oil, T & H Fluid, Process Oil, Metal Working Fluid, Industrial Oil, Gear Oil, Greases), By Material Type (Metal (Steel, Tin), Plastic (Polyethylene (Low-density polyethylene (LDPE), High-density polyethylene (HDPE))), Polyvinyl Chloride(PVC), Polyamide (PA), Polypropylene (PP), Polystyrene (PS)), By End-use (Automotive, Metalworking, Oil & Gas, Power Generation, Machine industry, Chemicals, Other Manufacturing), and By Region (Kingdom of Saudi Arabia (K.S.A), United Arab Emirates (U.A.E), Kuwait, Qatar, Bahrain, Oman) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

  3. The GCC lubricant packaging market is projected to reach around US$ 231.7 Million by the end of 2027, in terms of revenue, growing at CAGR of 3.3% during the forecast period (2019-2027). Drivers The growing demand for luxury cars in the GCC region due to an increase in per capita income is expected to propel the growth of GCC lubricant packaging. According to the Coherent Market Insights analysis, the passenger and commercial vehicle segments are projected to witness CAGRs of more than 7% and 4% respectively, which indicates strong growth in the automobile industry across the GCC. Hence, the rising demand for luxury vehicles in the region is propelling market growth over the forecast period. Lubricant finds multidimensional application in the construction industry and in the recent few years, GCC countries have increased their spending on the development of infrastructure which is expected to propel the market growth. According to the report published by Forbes in October 2018, Gulf Cooperation Council (GCC) countries are investing heavily in state-of-the-art labs, university buildings, and research facilities, with their total capital expenditure from 2010 to 2030 will reach US$38.4 billion. On basis of the region, Kingdom of Saudi Arabia (KSA) dominated the GCC lubricant packaging market in 2018, accounting for 49.6% share in terms of volume, followed by United Arab Emirates (UAE) and Kuwait.

  4. Figure 1. GCC Lubricant Packaging Market, Revenue Share (%), By Country, 2018

  5. Market Restraints Fluctuating prices of petrochemical feedstock which are used to produce lubricants are expected to hinder the growth of the GCC lubricant packaging market over the forecast period. Derivatives of petrochemicals are used in the manufacturing of lubricants and volatile prices of these raw materials are expected to hamper the production of lubricants, which in turn restraining the market growth. Growing environmental concerns due to the usage of plastic packaging materials as these plastic materials are creating pollutions and other negative impacts on the environment as well as human health are projected to curb the market growth. Plastic packaging products are the highly preferred choice of materials among manufacturers as they are inexpensive and highly durable. However, they have few challenges as they pose a threat to the environment and this is hindering the market growth.

  6. Market Opportunities Rising leasing of lubricant packaging to small & medium players steel and metal industries in the GCC region is projected to offer immense growth opportunity to the market of lubricant packaging. In order to reduce costs and prevent wastage, SMEs preferred to lease a small number of lubricants from big manufacturer. This is expected to offer an opportunity to the large manufacturer to capitalize on this to serve the need of the customer. Increasing demand for pouches and tubes for packaging of small quantities of lubricants is projected to propel the growth of GCC lubricant packaging market. Pouches and tubes are used for storing automotive fuels such as engine oil, process oil, and other industrial oil. Hence, rising demand for small packaging solutions such as pouches and tubes will favor market growth over the forecast period.

  7. Figure 2. GCC Lubricant Packaging Market– Opportunity Analysis

  8. Market Trends The growing adoption of bag-in-boxes for lubricant packaging is projected to augment the market growth over the forecast period. Bag-in-boxes are environmentally friendly packaging solutions as they reduce overall packaging cost and environmental impact. They are easy to use compared to traditional bottle packaging. Bag-in-boxes packaging solutions are gaining huge demand on the account of the aforementioned advantages. The rising focus of manufacturers to launch innovative lubricant packaging solutions such as flexible lubricant packaging is a major trend that has been observed in the GCC lubricant packaging market. Flexible packaging minimizes plastic wastage and improves efficiency in palletization. A flexible packaging solution is also effective during transportation. Flexible packaging is the best alternative of rigid packaging and this is expected to foster the market growth of GCC lubricant packaging.

  9. Figure 3. GCC Lubricant Packaging Market, Revenue Share (%), By Application, in 2018

  10. Figure 4. GCC Lubricant Packaging Market – Value Chain Analysis

  11. On the basis of lubricant type, in 2018, engine oil segment has accounted the largest market share of 35.3% in terms of value, followed by the industrial oil and metal working fluid. Competitive Section: Key players operating in GCC lubricant packaging market are Pampa Industries International (Corp), Siddco Plastics Industries Ltd, Neelkamal Plastics Factory LLC, Eterna Plastics, First Press Plastic Moulders, Mold-Tek Packaging Ltd, Rising Plastics Industry LLC, National Plastic Factory, and DUPLAS AL SHARQ L.L.C and key players operating in KSA region are Saudi Can Manufacturing Company Ltd, Saudi Plastic Factory, Zamil Plastics Industries Ltd, Al Watania Plastics, and Arabian Gulf Manufacturers Ltd. Few Recent Developments Duplas Al Sharq LLC • In April 2015, DUPLAS AL SHARQ partnered with Closure Systems in order to enhance its plastic closure segment

  12. Request Sample Report • Request Customization • Download PDF Brochure • Talk to Analyst Reference:https://www.coherentmarketinsights.com/market-insight/gcc-lubricant-packaging-market-3623

  13. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

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