Grease Cartridges Market Forecasts to 2028 – Global Analysis By Capacity (3 oz, 14 oz, 14.1 oz and 14.5 oz), Material Type (Fiberboard and Plastic), Closure Type (Piston Cap, Spouted Cap, Pull-off Cap and Flat Cap), Application (Automobile, Mining industries and Other Applications) and Geography
According to Stratistics MRC, the Global Grease Cartridges Market is accounted for $296.48 million in 2022 and is expected to reach $449.96 million by 2028 growing at a CAGR of 7.2% during the forecast period. In contrast to the conventional method of packaging grease, grease cartridges are a type of casing that is used to serve the purpose of advantageously storing greases. It uses plastic in the production of its goods and is incorporated into a grease gun, a lubrication tool used to lubricate the machine's various components. Numerous types of greases have been developed as a result of the needs and demands of machinery operators for preventing corrosion and improving the equipment's resistance.
Market Dynamics:
Driver:
Increasing demand in mining and automotive sector
The mining and automotive industries' rising need for lubricating grease is anticipated to support the growth of the global grease cartridges market. Cartridges significantly reduce human effort compared to using grease on machinery and equipment. Customers are gravitating towards products that are good for lubricating. The market for grease cartridges is thought to have the largest end-user in the automotive industry. Equipment for automobiles is lubricated using grease cartridges.
Restraint:
Expensive cartridges
Cartridge for grease is expensive. When grease passageways clog, one bearing becomes underlubricated while the other fails from overlubrication, causing heat and premature failure. Moreover, not all grease cartridges are compatible with all types of equipment or machinery. Additionally, replacement bearings are prohibitively expensive and hard to find. Such aspects are hindering the growth of the market.
Opportunity:
Advancements in new-age lubrication technologies
The demand for grease cartridges on the international market is expected to reach unprecedented heights. Regarding the use of modern technologies in all areas of science and technology, there is little remorse. The industrial sector's expanding need for proper lubrication across a variety of applications and procedures has created enormous growth opportunities on the global market. It is important to note that the use of modern lubrication techniques in the manufacturing sector has brought grease cartridges into greater perspective. Therefore, the market is anticipated to reach new heights in the coming years.
Threat:
Lack of skilled workforce and absence of standards
The market growth is being constrained by factors such as a shortage of skilled labour as well as a lack of standards and protocols. Additionally, it is predicted that during the forecast period, growth will be slowed by worries related to strict government regulatory compliance. In addition, clogged grease passageways, expensive grease materials, the possibility of volatilization, and severe contamination by dust, dirt, and ash are all likely barriers to the overall expansion of the global grease cartridges market.
Covid-19 Impact:
The Covid-19 pandemic has had a negative impact on most industries worldwide. This can be attributed to the significant disruptions that various precautionary lockdowns and other restrictions that were imposed by governing authorities around the world caused in their respective manufacturing and supply-chain operations. The same holds true for the market for grease cartridges globally. Additionally, consumer demand has since decreased as people are keen to cut non-essential expenses from their individual budgets as the general economic status of the majority of people has been severely impacted by this outbreak.
The 14 oz segment is expected to be the largest during the forecast period
Due to its demand in the lubrication industry, the 14 oz segment is probably estimated to hold the largest market share of the global grease cartridges market in the coming years. Even when it is loaded with grease, a 14 oz. cartridge is fairly lightweight and manageable. Its light weight makes it easier to manoeuvre and uses less energy when used continuously. Additionally, it reduces the chance of overfilling or underfilling the component and prevents the waste of extra grease.
The Pull-off Cap segment is expected to have the highest CAGR during the forecast period
The pull-off cap segment is anticipated to grow at the fastest rate during the projection period. The elements will be credited with the ability to maintain the grease's quality for a longer time span, resulting in an extended time period for the entity. The demand for this segment is being driven by the high impact resistance strength, low weight, low cost, and low transportation costs that make them highly demanded in many industries, particularly logistics and shipping activities.
Region with largest share:
Asia Pacific is anticipated to account for the largest market share within the global grease cartridges market. Strong governmental initiatives, ongoing projects, rising preference for high-grade grease lubrication to maintain equipment for a longer time, and rising demand and applications for lubrication within the automotive industry will boost the market in this Asia Pacific region.
Region with highest CAGR:
During the forecast period, North America is anticipated to expand at a significant CAGR. The market is growing as a result of consumer preference for plastic board grease cartridges over fiberboard grease cartridges. Moreover, due to the presence of significant key players and rising investments in technology development to lower the cost of raw materials, the US holds the largest share of the regional market for grease cartridges. Such factors are boosting the market in this region.
Key players in the market
Some of the key players in Grease Cartridges market include Adhesive Materials Group., Andpak Incorporation, Berlin Packaging L.L.C., Bev-Cap Pty. Ltd., Biederman Enterprises Limited, EurokartuscheneK, Fischbach KG, Long Thames Enterprise Co., Ltd., MBP Manufacture Bourguignonne de Plastique, ndpak Inc., Plastic Tooling Manufacturing Pty. Ltd., Schieferdecker GmbH, Sonoco Products Co. and TUBI System AB.
Key Developments:
In January 2023, Sonoco introduced newest machine in the Aergo line of machinery, the Aergo® SSL Straight-Line Blister Packaging Machine. This model takes into account the changing environment in packaging and gives the versatility for not just blister & card applications, but so much more. Enhanced technology allows for greater output numbers as well as deeper packages for paper blister opportunities.
Capacities Covered:
• 3 oz
• 14 oz
• 14.1 oz
• 14.5 oz
Material Types Covered:
• Fiberboard
• Plastic
Closure Types Covered:
• Piston Cap
• Spouted Cap
• Pull-off Cap
• Flat Cap
Applications Covered:
• Automobile
• Mining industries
• Other Applications
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
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