The global grease cartridges market is anticipated to grow at a considerable CAGR of 5.0% during the forecast period (2021-2027). The shifting from traditional fiberboard cartridges to plastic cartridges owing to their rigid structure and longer durability is the major factor driving the growth of the global grease cartridges market. The price associated with the paperboard used for the manufacturing of fiberboard is the main concern due to which, the manufacturers are replacing fiberboard cartridges with plastic cartridges. Plastic cartridges are climate resistant and can also reduce the leakage of grease from fiberboard cartridges during logistics and shipping. On the other hand, the adoption of plastic cartridges in the automotive and mining industries is also accelerating the sales of these products, which further boosts market growth. The automotive industry accounts for around 50-55% of the lubricants market across the globe. Hence the use of these cartridges in the automotive sector is expected to increase its demands and create lucrative opportunities for manufacturers during the forecast period.
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On the other hand, consumer preference towards plastic cartridges owing to their properties is another factor that is expected to play a crucial role in driving the growth of the greases cartridges market. Geographically, North America is the major region expected to contribute a significant share in the growth of the market due to the growing automotive sector in the region, and rising needs for lubricants. The concern related to the stringent government regulations and lack of unskilled workforce is the certain restraints that may hinder the market growth during the forecast period. Besides, the developments in New-Age Lubrication technologies by prominent market players are expected to create lucrative opportunities in the global Grease Cartridges market.
A Full Report of Global Grease Cartridges Market is Available at: https://www.omrglobal.com/industry-reports/grease-cartridges-market
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Grease Cartridges Market Report Segment
By Capacity
- 3 oz grease cartridges
- 14 oz grease cartridges
- 14.1 oz grease cartridges
- 14.5 oz grease cartridges
By Material Type
- Fiberboard
- Plasticboard
By Closure Type
- Pull-off Cap
- Flat Cap
- Piston Cap
- Spouted Cap
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
