Forecast and Analysis on Grease Cartridges Market by Infinium Global Research
The Infinium Global Research analyzes the report of Grease Cartridges Market over the period of 2018 to 2024. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in Grease Cartridges Market. It will help a lot of decision makers to develop strategies and find new opportunities in the markets of Grease Cartridges.
The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the Grease Cartridges Market during the said period. The report also provides market attractiveness analysis, by geography, and market share analysis, by key players respectively. Some of the prominent participants in the Grease Cartridges Market are Tubi System AB, Schieferdecker GmbH & Co. KG, Plastic Tooling Manufacturing Pty. Ltd., Long Thames Enterprise Co., Ltd., Andpak Inc. and Bev-Cap Pty Ltd. According to report the global grease cartridges market is projected to grow at a CAGR of 5.6% over the forecast period of 2018-2024.
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Grease cartridges are extensively being used for the storage of greases as they are extremely advantageous as compared to conventional formats of grease packaging. Grease cartridges are generally made of plastics tube or aluminum and store grease inside it. It is used in the grease gun to lubricant the machine. 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.
The report on global grease cartridges market covers segments such as, capacity, material type and closure type. On the basis of capacity the global grease cartridges market is categorized into 0-10 OZ, 10-20 OZ and above 20 OZ. On the basis of material type the global grease cartridges market is categorized into plastic, fiberboard and market attractiveness analysis by material type. On the basis of closure type the global grease cartridges market is categorized into pull-off, piston cap, flat cap and spouted.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2018-2024.
Major Key Players Mentioned in this Premium Report
The report provides profiles of the companies in the global grease cartridges market such as, 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. and Bev-Cap Pty Ltd.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global grease cartridges market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of grease cartridges market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the grease cartridges market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the grease cartridges market to understand the present and future trends in this market and formulate their strategies accordingly.
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