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Grease Cartridges Market Growth Relies on Demand from Automotive Industry

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Steve Blade
Grease Cartridges Market Growth Relies on Demand from Automotive Industry

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.

Sales of grease cartridges are likely to witness a promising growth at a CAGR of over 5% through 2026, as per Fact.MR’s latest research report. Grease cartridge sales will continue to remain highly influenced by steady demand from mining and automotive industry.

According to the Fact.MR report, the grease cartridges market is undergoing a phase of evolution, and manufacturers are focusing on the improving the quality of grease along and storage.

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Demand for Plastic Grease Cartridges Continues to Surge

According to the Fact.MR study, demand for plastic grease cartridges continues to remain steady with the segment valued at nearly US$ 140 Bn in 2017.

A notable shift has been witnessed from traditionally used fiberboard cartridges to plastic cartridges, on the back of high prices of paperboard used for the manufacturing of the former. In addition, the rising demand for plastic grease cartridges is driven their features such as climate-resistance, rigidity, and durability that mitigates the risk of leakage. This makes plastic grease cartridges more desirable for logistics and shipping activities. According to the study, demand for plastic grease cartridges is also positively influenced by growing e-commerce industry, where these materials are used on a large scale.

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.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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