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

Gcc Lubricant Packaging MarketSize and Trends

GCC Lubricant Packaging Market 2017–2027

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).

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.