Grease cartridges market is expected to have considerable growth owing to the demand for innovative lubricant packaging solutions that are used in a grease gun. Cartridges are made up of metallic, plastic, and fiber-based material for injecting grease in machine parts. It assists easy functioning of machine parts and requires less energy while working. There is a huge demand for grease cartridges in automotive, mining, machine manufacturing industries, and the industries use machines for manufacturing the products which lead to the growth of the market.
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Additionally, the factors that are growing preference for lubricating grease in the automotive and mining industry and growing awareness about its economical benefits of grease cartridge among consumers which are driving the growth of grease cartridges market. Grease cartridges provide economic benefits to the end-user as it improves the effectiveness and efficiency of the machine equipment in the long run. Grease cartridges are considered as the most effective injecting techniques and help in reducing wastages of grease in machine equipment. Whereas, in automotive industries, lubricants are used for making parts hassle-free, cleaning of parts, and to improve the efficiency of the engine which assists in maximum average to the automotive.
Moreover, the grease cartridges (14oz) capacity have a high market share as compared to other grease cartridges owing to rising demand for grease guns. The demand for plastic-based cartridges is increasing across the globe owing to improvement in leakage protection, lightweight, resistance to rust, and anti-wear capacity. However, stringent environmental policies will affect the growth of the market. Introduction of eco-friendly and biodegradable oil with low toxicity will create considerable demand for the market. Rising demand for a biodegradable and eco-friendly product such as biodegradable antifreeze, biodegradable gear oil, biodegradable hydraulic fluid, and biodegradable grease will boost the market growth. Additionally, the greased cartridge has an opportunity to produce eco-friendly biodegradable plastic cartridges which trigger the growth and product innovation in the market.
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Industry Key Players
The prominent players functioning in the global grease cartridges market includes Andpak Inc., Berlin Packaging L.L.C., Bev-Cap Pty. Ltd., MBP Manufacture Bourguignonne de Plastique, Sonoco Products Co., Fischbach KG, TUBI System AB, Schieferdecker GmbH & Co. KG, Andpak Inc., and Biederman Enterprises Ltd. Other players of grease cartridges include Biederman Enterprises Ltd., Long Thames Enterprise Co., Ltd., Plastic Tooling Manufacturing Pty. Ltd. Workforce Mini Grease Gun, YaeTek Grease Gun. R&D and new product launch are the key strategies adopted by the market players. For instance, in 2017, Sonoco has developed a revolutionary rain-resistant adhesive and sealant cartridge to withstand inclement weather on construction sites.
Current Market Trends Covered in the Market Report:
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Geographically, the global grease cartridges market has been analyzed into North America, Asia-Pacific, Europe, and Rest of the World. North America accounts to contribute a significant share in the growth of the market, owing to the growing automotive sector in the region. Asia-pacific shows the significant growth in the grease cartridges market, owing to the rising need for lubricants for the automotive industry.
The global grease cartridges market report summarizes the positive growth rate in upcoming years, and market size with competitive analysis. Our experts have analyzed the historical data to compare with the current market scenario to calculate the market growth in the coming years. The study provides an exhaustive report that includes an executive summary, scope, and forecast of the market.
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