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GCC Lubricant Packaging Market: Size, Share, Trends, Demand, Market Segmentation By Lubricant Packaging Type, By Lubricant Type, By Packaging Material Type, By End-User & by Region with Forecast 2017-2030
GCC Lubricant Packaging Market Outlook
Packaging industry is growing along with the trends of sustainability, functionality and presentation. The large oil production in the GCC region and its supply to industrial and commercial uses requires adequate packaging. Lubricant production and packaging in GCC regions witnesses’ huge competition among the players of the market which is growing the penetration of advanced technologies, and lubricant packaging related research and development to stand out in the competition. Lubricant packaging is concentrated majorly in the Saudi Arabia and UAE region. The companies in these regions are expecting to diversify their business into Europe and Africa. The large chemical industry and simultaneously economic development in the GCC region is propelling the production of lubricants and its packaging. Automobile and construction industries are the top end-users of the lubricant packaging market owing to their high growth rate in the region.
GCC Lubricant Packaging Market Segmentation
By Lubricant Packaging Type
Stand Up Pouches
GCC lubricant packaging market by packaging type, witnesses’ highest growth rate in the rigid packaging segment, with a market share of 62.4% in 2017 due to high trade of lubricant in the region, followed by flexible packaging segment with a compounded annual growth rate of 4.4% during 2017-2030.
Based on geography, Saudi Arabia accounts for nearly 62% market share in 2017 followed by UAE and Oman. UAE has second-largest automotive industry impacting the increasing demand for lubricants.
Covered in This GCC Lubricant Packaging Market Report
The report covers the present ground scenario and the future growth prospects of the lubricant packaging market for 2017-2030 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in the GCC region.
GCC Lubricant Packaging Market Outlook 2017-2030, has been prepared based on in-depth market analysis from farm market experts. The report covers the competitive landscape and current position of major players in the GCC lubricant packaging market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “GCC Lubricant Packaging Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide a competitive advantage to the existing and new entry players.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the farm market. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Market Players
Our GCC lubricant packaging market report comprises of the following companies as the key players: