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.
Browse the full report description of "Global Grease Cartridges Market Size, Share & Trends Analysis Report By Capacity (3 oz grease, 14 oz grease, 14.1 oz grease and 14.5 oz grease cartridges) By Material Type (Fiberboard, and Plastic) By Closure Type (Pull-off, Flat, Piston and Spouted Cap) Forecast, 2021-2027" at https://www.omrglobal.com/industry-reports/grease-cartridges-market
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.
Market Coverage
o By Capacity
o By Material Type
o By Closure Type
o North America
o Europe
o Asia-Pacific
o Rest of the World
Key questions addressed by the report
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
Global Grease Cartridges Market Report Segment
By Capacity
By Material Type
By Closure Type
Global Grease Cartridges Market Report by Region
North America
Europe
Asia-Pacific
Rest of the World
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