Lubricant is a substance which is used to reduce friction between surfaces. Lubricant packaging is used to store the lubricants for long time. Among material types, plastic is a highly preferred material for the packaging of lubricants since they are cost-effective and durable.
Market Dynamics
The GCC lubricant packaging market has witnessed significant growth in recent past years, owing to the growing need of lubricants in various industries such as automotive industry, chemical industry, energy and power industry in the region. Based on the packaging type, the GCC lubricant packaging market is bifurcated into the stand-up pouches, bottles, drums, pails, cans, tubes, kegs, bag in box, and IBC. Among these segments, the pails segment dominated the GCC lubricant packaging market in 2018, as pails are user friendly and easy to carry. This is in turn is driving the demand for flexible lubricant packaging in the GCC lubricant packaging market during the forecast period.
Moreover, based on the lubricant type, the GCC lubricant packaging market is bifurcated into the engine oil, T & H fluid, process oil, metal working fluid, industrial oil, gear oil, and greases. Among these segments, the engine oil is expected to propel the market growth of GCC lubricant packaging in the coming years, due to the high demand for engine oil in automotive sector. This is in turn is fueling the demand for lubricant packaging during the forecast period.
Moreover, based on the material type, the GCC lubricant packaging market is segmented into metal and plastic. Moreover, the metal is further segmented into steel and tin whereas the plastic is segmented into polyethylene, polyvinyl chloride (PVC), polyamide (PA), polypropylene (PP), and polystyrene (PS). Among these segments, the plastic segment dominated the GCC lubricant packaging market in 2018. This is due to the consumer preference for polypropylene and polyvinyl chloride packaging materials. This factor is expected to fuel the market growth of GCC lubricant packaging during the forecast timeframe.
Furthermore, Saudi Arabia region dominated the GCC lubricant packaging market in 2018, owing to the increasing demand for vehicle from this region. As a result, this scenario is estimated to foster growth of the GCC lubricant packaging market during the forecast timeframe.
Key features of the study
Market Segmentation
Market Segmentation
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