Grease Cartridges Market Poised to Grow at a CAGR of 5.6% by 2024

Grease Cartridges Market Poised to Grow at a CAGR of 5.6% by 2024


Infinium Global Research has added a new report on Grease Cartridges Market. The report presents analysis of global as well as regional markets of grease cartridges market over the period of 2016 to 2024. In the recent past, there has been a shift in demand from traditional fiberboard cartridges to plastic cartridges as most of the lubricant manufacturers across the globe are opting for plastic cartridges. Such transformations are due to high paperboard prices, which are generally used for manufacturing fiberboard cartridges, leakage problems and durability concerns related to the product. Furthermore, plastic grease cartridges have been witnessing growing preference in past few years due to their rigid structure, which reduces the risk of leakage, as in the case of fiberboard cartridges. Plastic cartridges are rust resistant and can also reduce the leakage of grease from fiberboard cartridges during logistics and shipping. The demand for plastic grease cartridges is expected to increase over the forecast period.


Growing preference for lubricating grease in automotive and mining industry is boosting the growth of the grease cartridges market globally. Additionally, grease cartridges reduce human efforts while applying grease for machinery parts. Consumers are moving towards convenient products for lubricating. Manufacturers are coming up with various innovative lubricant packaging solutions to expand their market and cater the growing needs of the consumers globally. The Asia- Pacific region is expected to lead the market in terms of revenue generation due to increasing need of lubricants for automobile industry, and growing preference for high grade grease lubrication to maintain equipment for longer time. Additionally, growing automation in every field requires timely greasing of machine, that is helping to grow this market in this region. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global grease cartridges market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.

 

Get 15% discount for early purchase of global grease cartridges market report by clicking the following link, Use code IGRD15 to request the discount in the given form

 

https://www.infiniumglobalresearch.com/reports/request-discount/1792

 

The recent report identified that North America dominated the global grease cartridges market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the grease cartridges market worldwide.

 

The report segments the global grease cartridges market on the basis of Capacity, Material Type and Closure Type.

 

Global Grease Cartridges Market by Capacity

·         0-10 Oz

·         10-20 Oz

·         above 20 Oz

 

Global Grease Cartridges Market by Material Type

·         Plastic

·          Fiberboard

·         Market Attractiveness Analysis By Material Type

 

Global Grease Cartridges Market by Closure Type

·         Pull-off

·         Piston Cap

·         Flat Cap

·         Spouted

 

Companies Profiled in the Report

·         Fischbach KG

·         MBP Manufacture Bourguignonne de Plastique

·         Biederman Enterprises Ltd.

·         Sonoco Products Company

·         Tubi System AB

·         Schieferdecker GmbH & Co. KG

·         Plastic Tooling Manufacturing Pty. Ltd.

·         Long Thames Enterprise Co., Ltd.

·         Andpak Inc.

·         Bev-Cap Pty Ltd

 

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