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

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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

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• 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
  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.

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

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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.
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Figure 2. GCC Lubricant Packaging Market
Opportunity Analysis
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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.
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Figure 3. GCC Lubricant Packaging Market,
Revenue Share (), By Application, in 2018
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Figure 4. GCC Lubricant Packaging Market Value
Chain Analysis
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• 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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• Reference https//www.coherentmarketinsights.com/
  market-insight/gcc-lubricant-packaging-market-3623

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  transformational growth by helping them make
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