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GCC Lubricant Packaging Market 2017–2027 – PowerPoint PPT presentation

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Title: dristijadhav (2)

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

  • 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

  • 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 US38.4
  • 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.

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

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
Figure 2. GCC Lubricant Packaging Market
Opportunity Analysis
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.
Figure 3. GCC Lubricant Packaging Market,
Revenue Share (), By Application, in 2018
Figure 4. GCC Lubricant Packaging Market Value
Chain Analysis
  • 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

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