Considering the speed and magnitude of the spread of virus across the world and the region, analysts say, the epidemic will have serious consequences for the world economy and regional economies, particularly the oil exporting GCC states resulting in downward revision of economic growth. In early February, governments had anticipated the containment of the virus by early March and the impact to be limited in the region. The main feed-through into the GCC is from the hydrocarbon sector, and have lowered the average oil price and production assumptions for 2020. Consequently, we have made some tentative downward revisions to our headline GDP growth, fiscal and current account forecasts,” said Monica Malik, Chief Economist of Abu Dhabi Commercial Bank (ADCB).
Lubricant packaging is concentrated majorly in the Saudi Arabia and UAE region. The companies in these regions are expecting to diversify their business in Europe and Africa. The large chemical industry and simultaneously economic development in the GCC region is propelling the production of lubricants and its packaging.
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GCC Lubricant Packaging Market Segmentation
By Lubricant Packaging Type
o Flexible Packaging
 Stand Up Pouches
o Rigid Packaging
 Bottle Packaging
 Kegs Packaging
 Bucket Packaging
 Drums Packaging
 Barrels Packaging
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.
By Lubricant Type
o Oil Lubricant
o Grease Lubricant
By Packaging Material Type
o Steel Packaging
o Tin Packaging
o Polymer Packaging
By End-User
o Automotive Industry
o Oil and Gas industry
o Power Sector
o Manufacturing Industry
o Others
By Geography
o Saudi Arabia Lubricant Packaging Market {Market Share (%), Market Size (USD Billion)}
o Qatar Lubricant Packaging Market {Market Share (%), Market Size (USD Billion)}
o UAE Lubricant Packaging Market {Market Share (%), Market Size (USD Billion)}
o Oman Lubricant Packaging Market {Market Share (%), Market Size (USD Billion)}
o Kuwait Lubricant Packaging Market {Market Share (%), Market Size (USD Billion)}
o Bahrain Lubricant Packaging Market {Market Share (%), Market Size (USD Billion)}

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Covered in this GCC Lubricant Packaging Market Report are
“GCC Lubricant Packaging Market Outlook 2030” by Goldstein Market Intelligence contains detailed overview of GCC Lubricant Packaging Market terms of market segmentation by analysis basis, therapy type and geography. The Report highlights the competitive outlook of major global players that includes the business strategies, product portfolio, revenue distribution, financial analysis, R&D activities, and investments. The in-depth analysis GCC Lubricant Packaging Market report will help the clients to assess their business strategies as per the competitive environment in the market space.

Key Market Players
• Duplas Al Sharq
• Takween Advanced Industries
• Saudi Can Manufacturing Company Ltd.
• Zamil Plastics Industries Ltd.
• Mold Tek Packaging Ltd.

Further, GCC Lubricant Packaging Market Report encompasses the major trends & opportunities, market dynamics and other growth factors of the GCC Lubricant Packaging Market Research also comprises of key challenges, risk analysis, BPS analysis, SWOT Analysis and Market Attractiveness. The report also highlights the expert analysis to provide a complete overview of the market including the PESTLE analysis of each region and country.

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