Grease Cartridges Market - Introduction
Demand for lubricating grease has been gaining steady traction, on the back of its extensive use in the mining and automotive industries for enhancing operational performance. Lubricating grease also enjoys widespread applications in the oil and gas industry for achieving resistance to rust, enhancing anti-wear capacity, and reducing viscosity loss.
The broad spectrum of applications of lubricating grease in varied industries continues to create sustained opportunities for manufacturers. As a result, grease cartridges have been witnessing steady demand, and driving the growth of grease cartridges market.
The changing preferences of end-users have also significantly influenced the grease cartridges market globally. They have shifted their focus towards convenience in contrast to the traditional grease applications. On the back of a combination of broader, macroeconomic factors and niche, industry-specific factors, the global grease cartridges market is anticipated to grow at a CAGR of over 5% during 2018-2026.
Shift from Conventionally Used Tubs to Grease Cartridges Driving Growth
End-user preference for high-quality materials is influencing manufacturers to invest in developing advanced materials that have improved storage capability. A notable shift from the conventionally used tubs towards grease cartridges has been observed, on the back of the ease of dispensing grease. In addition, greases stored in favorable conditions are said to perform better in a humid and wet environment and curtail the downtime of the machines which is quite large in the conventional formats. This is yet another crucial growth determinant for the global grease cartridges market.
Plastic Board Cartridges to Remain Significant Growth Determinant for the Grease Cartridges Market
According to the study, plastic grease cartridges are substituting the fiberboard cartridges at a considerable pace, owing to the benefits provided by the former packaging solution. Large-scale adoption of plastic board cartridges can be attributed to their relatively low price as compared to the high raw material prices of fiberboards. In addition, the plastic board cartridges have rigid structures which stand tough and resist the effect of climate on the grease. With plastic board cartridges, the grease is held securely and eliminates the chances of leakage. As a result, the study reports that the plastic board cartridges are preferable storage to ensure the safer shipping of the grease and is expected to hold a significant share in the grease cartridges market during the forecast period.
Regional Analysis of the Global Grease Cartridges Market
Asia Pacific is expected to hold the largest share in the global grease cartridges market during the forecast period, which is attributed to the rising demand for grease in the automotive industry.
Following the region, the growth prospects of the grease cartridges market in Latin America and the Middle East & Africa are moderate to low, despite MEA’s potential to boast an impressive growth rate. The modest growth rate of Latin America grease cartridges market is the consequence of moderate demand for grease in this region.
Competitive Landscape in the Global Grease Cartridges Market
Manufacturers in the grease cartridges market are focusing on innovative strategies to consolidate their position in the market. The study profiles some of the leading 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. The report highlights the key strategies, recent developments, and their financial position in the global grease cartridges market.
Fact.MR assesses the global grease cartridges market for the forecast period 2018 – 2026. The detailed study is aimed at identifying lucrative opportunities available in the global grease cartridges market and offer updates and insights into various categories of the grease cartridges market. The comprehensive study commences with an in-depth overview of the grease cartridges market, which evaluates the performance of the market in terms of revenue, key trends, restraints, and drivers prevailing in the grease cartridges market. The report also incorporates the average pricing analysis of the global grease cartridges market, which is estimated on the basis of the product type.
Fact.MR offers precise data depending on supply side, demand side, and dynamics of the global grease cartridges market. The study provides market forecast in value (US$ Mn) and volume (Thousand units). The study also offers stats on Year-on-Year (Y-o-Y) growth of the grease cartridges market.
The information about the market share is drawn through regional pricing trends. Market size and forecast for each section have been included in terms of the global and regional grease cartridges markets. The market has been assessed on the basis of the robust demand determinants. The values used for calculating the revenue are extracted through the primary researches from a number of manufacturers, distributors, and suppliers of the grease cartridges market.
This exhaustive report has been compiled by keeping the key end users and their potential applications in mind, the data for which is obtained from the secondary sources as well as the feedback derived from primary respondents. Country-wise demand patterns are considered while predicting the market for various regions.
Grease Cartridges Market - Segmentation
With a view to understanding and assessing the growth opportunities in grease cartridges market, the comprehensive report is segmented into four key sections based on the capacity, material type, region, and closure type. Based on the capacity, the grease cartridges market is classified into 3oz, 14oz, 14.1oz, and 14.5oz. Depending on the material, the grease cartridges market is categorized into Fiberboard, PP, HDPE, and Plastic. Based on the closure type, grease cartridges market is fragmented into spouted cap, flat cap, piston cap, and pull-off cap. Depending on the regions, the grease cartridges market is bifurcated into North America, Europe, Latin America, the Middle East and Africa, and Asia Pacific.
Grease Cartridges Market – Research Methodology
In order to evaluate the size of the grease cartridges market, both primary and secondary research has been carried out. The grease cartridges market is further assessed on the basis of the material type, capacity, closure type, and regions. This exclusive study includes prediction of the global market value generated by the sales of grease cartridges in the retail industry. Market stats are evaluated depending on the secondary and primary research and average pricing of the grease cartridges market.
Bottom-up approach is devised to evaluate the global grease cartridges market on the basis of regions. The market numbers for the segmentations are obtained by the bottom-up approach and the same has been incorporated in the research report. The market is evaluated in terms of constant currency rates. The market forecast has been done in terms of the absolute dollar opportunity, which is employed to assess the level of opportunities available in the global grease cartridges market.
Grease Cartridges Market – Competitive Matrix
The market study highlights some of the leading players operating in the grease cartridges market which include Adhesive Materials Group, MBP Manufacture Bourguignponne de Plastique, Eurokartuschen eK, Long Thames Enterprise Co. Ltd., GR Produkter AB, Tubi System AB, Berlin Packaging, Sonoco products company, Fischbach USA, Biederman Enterprises Ltd., Bev-Cap Pty Ltd., Andpak Inc., Plastic Tooling Manufacturing Pty. Ltd., and Schieferdecker GmbH & Co. KG, among others.
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