Dublin, Dec. 22, 2021 (GLOBE NEWSWIRE) -- The "Global Grease Cartridges Market 2021-2027" report has been added to ResearchAndMarkets.com's offering.
The global market for grease cartridges is projected to have a considerable CAGR of around 5.0% during the forecast period.
The rising use of grease cartridges in the automotive, and mining industries is one of the major factors driving the growth of the market. Increasing automobile production boosting the demands for lubricants on a big scale, and it has witnessed that the automobile sector accounts for the 50% of the entire lubricant market.
The shift from fiberboard cartridges to plastic board cartridges due to the high cost and durability concern associated with fiberboard cartridges is also the factor increasing the market value of plastic board grease cartridges. Grease cartridges found their use in a broad spectrum of applications in various verticals such as oil & gas, construction, automobile, and mining. Th use of grease cartridges in these verticals will further be expected to lift its demands on a big level, which in turn, propel the market growth during the forecast period. Lack of skilled labor and strict government regulatory compliance may slow down the market growth.
The global Grease Cartridges market suffered a downfall during the COVID-19 crisis as most of the economic activities were halted during Q1 and Q2 2020. Additionally, during the lockdown, due to stoppage in transportation facilities, the automobile sector has faced disruption in production which resulted in the break on further manufacturing and production of new automobiles. This has decreased the demand for grease cartridges. Which led to the declination in market growth.
The global Grease Cartridges market is segmented based on capacity, material type, and closure type. Based on capacity, the market is diversified into 3oz, 14oz, 14.1oz, and 14.5oz. Based on material type, the market is bifurcated into fiberboard and plastic. Similarly, on the basis of closure type, the grease cartridges market is sub-segmented into pull-off, flat, piston, and spouted cap. Among these, the pull-off cap segment is expected to witness the fastest-growing during the forecast period. The segment growth is attributed to the features provided by pull-off caps such as extrusion, low weight, low cost, handling, and transportation safety that makes them highly demanding in various verticals especially logistics and shipping activities.
Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia-Pacific is estimated to be the fastest-growing grease cartridges market owing to the increasing demand for grease cartridges in the automobile sector. Whereas, North America is expected to grow at a significant CAGR during the forecast period. The customer preference towards plastic board grease cartridges in place of fiberboard grease cartridges is the factor enhancing the market growth. The US accounts for the largest share in the grease cartridges market in the region due to the presence of major key players and increasing investment in technology development to reduce the raw material cost.
The key players of the market are Long Thames Enterprise Co., Ltd, Schieferdecker GmbH Co. KG, Sonoco Products Co., Bev-Cap Pty. Ltd., Andpak Inc., Biederman, Fischbach KG, MBP Manufacture Bourguignonne de Plastique, Plastic Tooling Manufacturing Pty. Ltd., TUBI System AB, Sonoco Products Co., among others.
Market Segmentation
- Global Grease Cartridges Market Research and Analysis by Product Capacity
- Global Grease Cartridges Market Research and Analysis by Material Type
- Global Grease Cartridges Market Research and Analysis by Closure Type
The Report Covers
- Comprehensive Research Methodology of the global Grease Cartridges market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global Grease Cartridges market.
- Insights about market determinants that are stimulating the global Grease Cartridges market.
- Detailed and extensive market segments with the regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Key Topics Covered:
1. Report Summary
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.2. Key Strategy Analysis
3.3. Impact of COVID-19on key players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Grease Cartridges, By Capacity
5.1.1. 3 oz grease cartridges
5.1.2. 14 oz grease cartridges
5.1.3. 14.1 oz grease cartridges
5.1.4. 14.5 oz grease cartridges
5.2. Global Grease Cartridges,By Material Type
5.2.1. Fiberboard
5.2.2. Plastic board
5.3. Global Grease Cartridges, Closure Type
5.3.1. Pull-off Cap
5.3.2. Flat Cap
5.3.3. Piston Cap
5.3.4. Spouted Cap
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Russia
6.2.7. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korean
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
6.4.1. Latin America
6.4.2. Middle East& Africa
7. Company Profiles
7.1. Andpak Inc.
7.2. Berlin Packaging L.L.C.
7.3. Bev-Cap Pty. Ltd.
7.4. Biederman
7.5. EurokartuscheneK
7.6. Fischbach KG
7.7. Long Thames Enterprise Co., Ltd.
7.8. MBP Manufacture Bourguignonne de Plastique
7.9. Plastic Tooling Manufacturing Pty. Ltd.
7.10. Sonoco Products Co.
7.11. Schieferdecker GmbH Co. KG
7.12. TUBI System AB
For more information about this report visit https://www.researchandmarkets.com/r/v2shrp
