Sales of grease cartridges are likely to witness a promising growth at a CAGR of over 5% through 2026

ROCKVILLE, MARYLAND, UNITED STATES, December 9, 2021 /EINPresswire.com/ --
[170 Pages Report] Grease Cartridge Market research report categorizes the global market by Material Type (Plastic, Fiberboard), By Capacity (3 oz, 14 oz, 14.1 oz, 14.5 oz), By Closure Type (Pull-off, Piston cap, Flat cap, Spouted), By Region (North America, Europe, Asia Pacific, Latin America, MEA).

Sales of grease cartridges are likely to witness a promising growth at a CAGR of over 5% through 2026, as per Fact.MR’s latest research report. Grease cartridge sales will continue to remain highly influenced by steady demand from mining and automotive industry.

According to the Fact.MR report, the grease cartridges market is undergoing a phase of evolution, and manufacturers are focusing on the improving the quality of grease along and storage..

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Demand for Plastic Grease Cartridges Continues to Surge

According to the Fact.MR study, demand for plastic grease cartridges continues to remain steady with the segment valued at nearly US$ 140 Bn in 2017.

A notable shift has been witnessed from traditionally used fiberboard cartridges to plastic cartridges, on the back of high prices of paperboard used for the manufacturing of the former. In addition, the rising demand for plastic grease cartridges is driven their features such as climate-resistance, rigidity, and durability that mitigates the risk of leakage. This makes plastic grease cartridges more desirable for logistics and shipping activities. According to the study, demand for plastic grease cartridges is also positively influenced by growing e-commerce industry, where these materials are used on a large scale.

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The report covers following Grease Cartridges Market insights and assessment that are helpful for all participants involved in the Grease Cartridges market:

• Data on recently introduced regulations and their impact on key industries and on demand in Grease Cartridges
• Latest industry Analysis on Grease Cartridges
• Market, with key analysis of market drivers, trends, and influencing factors
• Key trends Analysis of Grease Cartridges Market and changing consumer preferences in major industries.
• Changing Grease Cartridges demand and consumption of diverse products
• Major trends underlining funding by key investors in numerous countries
• New investment opportunities in diverse technology and product or service types
• Comprehensive data and Competitive analysis of Grease Cartridges major players
• Grease Cartridges Market sales in US will grow at a steady pace, driven by growing consumer confidence and economic recovery

Grease Cartridges Market Growth Relies on Demand from Automotive Industry

Manufacturers of the grease cartridges market are focusing on lucrative after-sales opportunities in mining and automotive industry. Automotive industry independently holds over 50% share of the overall lubricant market across the world, which is attributed to the large-scale lubrication needs in the automobile production. Grease cartridges are gaining popularity, owing to their efficiency in reducing the manual efforts employed for applying grease on vehicle chassis, automotive intersections, and anti-friction bearings.

With the increasing inclination of consumers towards convenient lubricating products, manufacturers are endeavoring towards proposing and implementing breakthroughs in the storing and packaging solutions, out of which the grease cartridges market is expected to draw significant growth prospects.

Grease Cartridges Market – Key Insights on Segmentations

Based on the capacity, 140z grease cartridges are predicted to hold the largest share in the grease cartridges market.
Depending on the material type, plastic cartridges are expected to lead the grease cartridges market.
Considering the closure type, pull-off cap is estimated to procure a significant share in the grease cartridges market.
Asia Pacific to Remain the Largest Market for Grease Cartridge

According to the study, Asia Pacific will continue to be a leading market for grease cartridges globally. The buoyant automotive industry in the region, combined with steady demand from mining industry are likely to provide an impetus to the growth of the grease cartridges market over the course of the forecast period

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A Quick Glance at the Competitive Scenario of the Grease Cartridges Market

The report profiles some of the significant players operating in the global grease cartridges market which include Adhesive Materials Group, Eurokartuschen eK, GR Produkter AB, Tubi System AB, Berlin Packaging, Fischbach USA, MBP Manufacture Bourguignponne de Plastique, Sonoco products company, Biederman Enterprises Ltd., Bev-Cap Pty Ltd., Andpak Inc., Long Thames Enterprise Co. Ltd., Plastic Tooling Manufacturing Pty. Ltd., and Schieferdecker GmbH & Co. KG, among others.

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