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

Published In : Mar 2020
Code : CMI3623
Pages :120
Formats :
Excel and PDF
Industry : Packaging

Market Challenges And Opportunities

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 period.

Figure 2. GCC Lubricant Packaging Market– Opportunity Analysis