In an exclusive feature in Polymers Communiqué, Kailash Murarka, Vice President of Regent Plast Pvt. Ltd., shares his perspective on the dynamic shifts shaping the lube oil packaging sector.
Key Takeaways:
- Changing Consumer Behavior:
- A shift from individual consumer purchases to bulk packaging for service stations.
- Emerging trends like ‘lifetime’ engine oils are reducing demand for frequent oil changes.
- Regulatory Challenges:
- The upcoming mandate of 30% post-consumer recycled (PCR) content in packaging by 2025 poses financial and technological challenges.
- The adoption of PCR necessitates costly multi-layer blow-moulding machines, potentially sidelining smaller manufacturers.
- Eco-Friendly Innovations:
- Exploration of paper bottles and other alternatives for low-volume products.
- Industry-wide focus on sustainability while balancing economic feasibility.
- Impact of EVs:
- Electric vehicles significantly reduce oil consumption, reshaping packaging demand.
Looking Ahead:
Kailash Murarka emphasizes the need for innovation, sustainability, and adaptation in response to evolving industry dynamics. Regent Plast Pvt. Ltd. stands committed to addressing these challenges with cutting-edge solutions.
