Retail Ready Packaging Market Segments, Growth Factors, Company Profiles and Forecast till 2026

The global retail ready packaging market will reflect an average 4.6% CAGR, in terms of volume, during the forecast period (2017-2026), as slated by a recent Fact.MR report. The report estimates the market to surpass US$ 100,000 in revenues by 2026-end.

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Retail ready packaging (RRP) is gaining paramount importance as a means of secondary packaging for retailers. This is mainly because RRP enables placing products directly onto the retail shelves or selling floor post-arrival, and deprives unpacking requirements of inner contents. Numerous benefits are offered by retail ready packaging compared to traditional retail packaging apropos to the product visibility, labor costs, and stock handling. This type of packaging, which persists on store shelves and aids marketing efforts, has been attractive for displaying brands as value-added specialty, and appealing to brand owners and retailers who use it as the shipping container.

Demand for RRP will further be underpinned by expansion of club stores & mass retailers, and surging food and beverage sales across nontraditional outlets that include drug and dollar stores. The proliferation of deep discount grocery stores as well as club stores has prevailed as the leading driver for growth of the retail ready packaging market globally. These stores sell merchandise from the secondary packaging directly, requiring their vendors to ship products in various solutions of retail ready packaging. Retail ready packaging solutions have been witnessing widespread acceptance in various industrial sectors, on account of their provision of effective & fast escalation of products through the supply chain, meanwhile enabling the product storage in an efficient manner. Demand for RRP is further bolstered by its indispensable role in improving the product identification and enhancing brand visibility.

The most lucrative region for growth of the retail ready packaging market is anticipated to be Asia-Pacific excluding Japan (APEJ) during 2017 to 2026. Sales of retail ready packaging products in APEJ are likely to latch onto over one-third market share through the forecast period. North America and Europe are also expected to persist as major markets for retail ready packaging. In addition, APEJ and North America are likely to exhibit the highest CAGRs in the market through 2026.

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Based on material type, the largest share of the market is projected to be accounted by paper & paperboard. Additionally, paper & paperboard, polyethylene terephthalate (PET, PETE, PETG or polyester), and high density polyethylene (HDPE) are poised to reflect a parallel sales expansion at a steady CAGR through 2026. Among various products available in the market, die-cut display containers are expected to remain the most preferred, trailed by corrugated cardboard boxes. Sales of these two product type segments are collectively forecast to reach roughly 58,000 thousand tons by 2026-end.

In a bid to gain an edge over their competitors, leading players in the global retail ready packaging market are focusing on enhancing their product portfolios through huge investments in research & development activities and acquisition of smaller firms with innovative technologies but lacking in resources. Key companies actively supporting expansion of the market include Creative Corrugated Designs, Inc., Orora Packaging Australia Pty Ltd., Caps Cases Ltd., i2i Europe Ltd., LINPAC Packaging, International Paper Company, Amcor Limited, Mondi, DS Smith plc, and Smurfit Kappa Group plc.

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Autoclaved Aerated Concrete Market is Thriving Worldwide by Eminent Key Players

A new research report of Fact.MR foresees the global autoclaved aerated concrete (AAC) market to reflect a modest 4.3% volume CAGR between the period 2017 and 2026. Over US$ 7 Bn worth of autoclaved aerated concrete are forecast to be sold globally by 2026-end.

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AAC materials have emerged as a superior alternative to traditional bricks and concrete blocks. AAC also hold an edge in terms of supply strength and environmental impacts for lower energy consumption and waste recycling. AAC is produced with cement, fine aggregates, and expansion agents, causing the fresh mixture to expand. As compared to conventional concrete AAC sets and hardens faster. Such product attributes are extremely important for modern construction applications. Moreover, AAC blocks can be easily drilled, cut, milled, nailed and grooved to fit specific requirements.

AAC materials are an excellent thermal insulators and find application in architectural designs where sound absorption is a must-have. At the same time, fire resistance and mold resistance properties of AAC make it an apt construction materials for critical infrastructures. AAC is considered an eco-friendly and sustainable construction material. Manufacturing of AAC entails relatively lower amounts of energy and release minimum or zero pollutants. This is because the materials used in AAC manufacturing can be reused or simply put back into the mix, so waste concerns are negligible.

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The vapor concentration and gasses produced during manufacturing process are in fact diffused through cellular anatomic structure of the AAC. Many environmental organizations including the International Institute for Healthy Construction and the Federal Association for Healthy Building Products propagate the information about AAC materials. Moreover, increased concerns over global warming and introduction of new international environmental policies is likely to partly drive the adoption of AAC during the review period.

In terms of value and volume, Asia-Pacific excluding Japan (APEJ) will remain the largest market for autoclaved aerated concrete, closely followed by North America. Nearly half value share of the market is poised to be held by AAC sales in APEJ and North America collectively. Europe will also latch onto a major market revenue share, and will register a comparatively faster expansion than North America in the market through 2026.

On the basis of product type, sales of blocks are expected to remain significantly larger than that of panels and lintels combined. However, panels and lintels are projected to reflect a parallel sales expansion at a CAGR higher than sales of blocks through 2026.

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Eugenol Market In-Depth Analysis, Growth Strategies and Comprehensive Forecast to 2026

Eugenol is found in essential oils of various plants. Eugenol is considered as versatile molecule used as an ingredient in various products including pharmaceutical, food industry, fragrance, flavor, cosmetics, etc. Eugenol also exhibits antioxidant, antibacterial, anti-microbial, anti-cancer, and anti-inflammatory activities. Around 80-90% of eugenol is present in clove bud oil, while around 82-88% of eugenol is present in clove leaf oil. Hence, clove is considered as the main source of eugenol. Manufacturers are also practicing new methods for extracting eugenol from clove oil. Solvent extraction, microwave-assisted extraction, and hydro-distillation are some of the highly-preferred extraction processes employed by producers. The food industry is moving towards the application of eugenol in food preservation owing to its antimicrobial properties. The rise in foodborne diseases worldwide is driving the demand for eugenol as a part of an effective preservation strategy.

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Meanwhile, pharmacological properties of eugenol are also driving the demand for eugenol in the pharmaceutical industry. Various studies have also been carried out to show the mechanism behind the activity of eugenol. Eugenol also has the capability to reduce viral infection. It has also been found that the epoxide from of eugenol is one of the potential drug candidates in order to induce apoptosis in breast cancer cells. Having a natural bioactive compound, eugenol is being considered on a large scale in the treatment of several disorders.

As per the latest report by Fact.MR, the global market for eugenol is expected to witness robust growth during 2017-2026. The global eugenol market is also projected to increase to 5.4% CAGR in terms of volume. It is estimated to reach US$ 745.1 million revenue by the end of 2026.

Based on the source type, clove is likely to emerge as a vital source of eugenol. By the end of 2026, clove is estimated to surpass US$ 600 million revenue.

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On the basis of end use, the food industry followed by the pharmaceutical industry is expected to witness the highest growth during the forecast period. The food industry is projected to bring in exceed US$ 200 million revenue towards 2026 end.

Based on the application, eugenol is likely to find the largest application as the base ingredient. By the end of the forecast period, eugenol as the base ingredient is estimated to bring in more than US$ 200 million revenue.

APEJ is likely to witness the significant growth in the global eugenol market during the forecast period 2017-2026. Clove is considered a precious spice in APEJ and is also used in various food products to enhance the taste. Clove has one of the richest sources of phenolic compounds known as eugenol. Hence, the production of eugenol is increasing in APEJ region. Indonesia, China, and India are the countries in APEJ witnessing the highest growth in eugenol. Manufacturers are also looking for investing in these countries due to the large availability of sources for eugenol including cloves, nutmeg, cinnamon, basil, etc. Increasing application of essential oils in perfumes, cosmetics, and medicines in APEJ region for a long time is also driving demand for eugenol in essential oils, owing to its various anti-microbial properties.

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Aluminium Foil Packaging Market Estimated to Observe Significant Growth During 2026

Aluminum foil is finding large application in packaging in the food industry. Aluminum foil is widely used as a compact storage for electric charges. Nowadays, aluminum foil is being merged with flexible films to create lightweight packages. This allows packages to expand during packaging and contract as soon as the product is consumed. Manufacturers are focusing on producing a top quality of aluminum foil packages. However, a small change in the process can impact the product quality. Hence, machines and techniques used in aluminium foil packages are well tested, researched and developed.

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Aluminum foil is gaining popularity as the flexible packaging option. Moreover, four-sided, fin-sealed pouches are becoming popular for medical, retail food applications, and institutional food service packs. Aluminium-based containers that can be used in the microwave are also being developed on a large scale. Special cooking aluminum foil for barbecuing have been developed in recent years.

Recycling of aluminum foil including cans and foils are also gaining traction. Processes used during manufacturing of aluminum foil are being improved to reduce hazardous waste and pollution. Laminated aluminium foil with paper stuck inside is largely being used in the food industry for packaging sweets and tea as the paper absorbs moisture while the foil protects the contents.

As per the latest report by Fact.MR, the global aluminium foil packaging market is likely to witness moderate growth. The market is also projected to register 4.5% CAGR in terms of volume during 2017-2026. The global aluminium foil packaging market is also estimated to reach US$ 21,821.2 million revenue by the end of 2026.

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Based on the product type, rigid non-compartmental trays are expected to witness the highest growth. The rigid non-compartmental trays are estimated to bring in more than US$ 7,200 million revenues by 2026 end.

Based on the end use, aluminium foil packaging are likely to be used on a large scale for food service packaging. Towards the end of 2026, food service packaging is projected to reach close to US$ 7,600 million revenue. Aluminium foil helps in keeping the food fresh and hot for a long time.

APEJ is likely to emerge as the leading region in the global aluminium foil packaging market during the forecast period 2017-2026. Increasing preference for convenient packaging and changing lifestyle in the region is driving the demand for aluminium foil packaging in the food industry. Restaurants and food chains are also using aluminium foil packaging to pack the food for delivery. Also, aluminium foil packages are easy to recycle, hence, countries such as India and China are also moving towards improving recycling rate by adopting more eco-friendly packaging options. Increasing demand for processed food and beverages in APEJ is also driving the growth of the aluminium foil packaging.

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Wear Resistant Steel Plate Market will Witness Substantial Growth in the Upcoming Years to 2026

As we leap ahead through rapid industrialization and urbanization, the conditions for key structural commodities such as steel plates are becoming harsher. Despite the exception strength characteristics, steel plates continue to suffer the brunt of mechanical abrasion during their use across a variety of industrial applications. The future will reflect a high demand for wear resistant steel plates, considering their abilities in terms of long service life and adaptability to diverse specifications and varying abrasion.

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Fact.MR’s latest market research study foresees that the global market for wear resistant steel plates will touch an estimated valuation of US$ 34.2 billion by the end of 2026. For the period, 2017-2026, the global wear resistant steel plate market is assessed to expand at a volume CAGR of 3.5%, reflecting a moderate growth restrained by volatile prices, soaring use of alternatives in steel applications, and supply chain discrepancies.

The report observes that majority of wear resistant steel plates produced in the world will be used in the mining industry. The economic resurgence of global mining industry will drive the adoption of wear resistant steel plates in the coming years. By the end of 2026, more than 35% of wear resistant steel plates sold worldwide will be used in mining activities such excavating processes, hydroelectric operations, slide conveyors, chutes and deflectors. Construction industry will also represent lucrative growth in terms of end-use, accounting for sales of more than 8,666 thousand tons of wear resistant steel plates by 2026-end.

Product-wise, A514 steel will be a sought-after in the market, meeting the diverse specifications of end-users across a range of applications for wear resistant steel plates. By 2026-end, nearly 11,000 thousand tons of A514 wear resistant steel plates are expected to be sold globally. The study further foresees a high volume growth for AR400 wear resistant steel plates, reflecting a CAGR of 4.1% over the forecast period. Heat-treated characteristics and welding & forming capabilities of AR400 wear resistant steel plates will drive their sales through 2026.

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ArcelorMittal, the world’s largest steel producer, is a key stakeholder in the global market for wear resistant steel plates. The industry leader will witness stiff competition from prominent steel producers namely, Nippon Steel & Sumitomo Metal Corporation, China Baowu Steel Group Corporation Limited, and Ansteel Group Corporation. The global wear resistant steel plate competition landscape will also exhibit a consolidate participation of companies such as SSAB AB, Thyssenkrupp AG, DHS – Dillinger Hütte Saarstahl AG, Voestalpine AG, A R Brown McFarlane & Co Ltd, Precision Grinding, Inc., Xinyu Iron & Steel Co., Ltd., Bisalloy Steel Group Limited, Novolipetsk Steel, and Salzgitter Aktiengesellschaft. Collectively, these players will be responsible for catering to the global demands of wear resistant steel plates in the near future.

In 2018 and beyond, the largest market for wear resistant steel plates will be represented by the Asia-Pacific excluding Japan (APEJ) region. Dense presence of APEJ-based steel producers in the global wear resistant steel plate manufacturing landscape will foster the region’s dominance on global market in terms of value and volumes. Throughout the forecast period, nearly 50% of wear resistant steel plates manufactured in the world will be sold in the APEJ region, wherein majority of them will be manufactured in this region as well. China will be the largest contributor to the growth of APEJ wear resistant steel plate market, while India will reflect approximately one-fourth share on the region’s market volume over the forecast period. In the foreseeable future, majority of wear resistant steel plate manufacturers will be eyeing at expanding their bases in China, India and other parts of the APEJ region. 

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Temperature Control Unit Market Research Investigates Prevalent Opportunities up to 2018-2028

According to a recent report of Fact.MR, the temperature control unit market is envisaged to witness a healthy growth, with sales estimated to surpass 510000 units in 2019. The temperature control unit market is poised to register a Y-o-Y growth at over 5% in 2019 over 2018. The steady growth of the temperature control unit industry can be attributed to a set of multipronged factors such as increasing plastic production, burgeoning demand for energy, and the stringent guidelines imposed on industries to maintain product quality vis-à-vis environmental footprint.

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Water type temperature control units are finding widespread adoption in an assortment of industries owing to their affordable pricing and wider operating temperature range. Additionally, the development of portable and compact water type temperature control units are aiding in bolstering sales of the devices. In addition, demand for water-based temperature control units in environmental control has gained widespread palpability in an array of industries such as defense, life sciences, and temperature controlled logistics. Fact.MR opines the factors will continue to drive sales of water type temperature control units, to exceed 450000 units in 2019.

A substantial increase in the disposable income of global population coupled with consumer preference for different tasting beers is driving demand for craft beer market. In addition, craft beer producing companies are drawing in significant profits with trends suggesting consumer readiness for better quality and price.

With larger profit margins on offer, mainstream beer production companies are investing heavily in the area. Intensification in competition is prompting breweries to focus on enhancing the quality of their products with temperature control playing a vital role in the process.

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Maintaining the strike temperature and knockout temperature during brewing is essential for the production of quality tasting beers. A substantial increase in the number of microbreweries is prompting companies to offer an array of different flavors while working on the production of novel ones to maintain a competitive edge in the market. This has further resulted in increased production capacity of the temperature control unit industry players to cater requirements in the production of craft beer, with sales estimated to surpass 150,000 units in 2019.

Temperature control is vital to maintain the viscosity and flow property of petrochemical fluids and to ensure safe transportation and distribution of these products. Deepening energy crisis coupled with advancements in fracking procedures is expected to propel production of petrochemical products in the foreseeable future.

Under or overheating crude oil and gas can adversely impact its quality and result in loss of valuable components. With the development of portable and compact temperature control units, oil and gas companies can potentially manage the temperature of transporting pipes and vehicles effectively to ensure the quality of crude oil remains intact. Intensification in on-shore and off-shore oil and gas exploration activities are expected to produce lucrative opportunities for manufacturers in the temperature control unit market.

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Powder Dispensing Systems Market Analysis Explores Detailed Analytical Overview by 2019-2027

According to a recent report by Fact.MR, the powder dispensing systems market is expected to continue its bullish run in the foreseeable future with sales estimated to surpass 62,500 units in 2019. The healthy growth of the market is a consequence of multipronged factors such as intensifying research and development for new drugs in the pharmaceutical industries and widespread adoption of the systems in additive manufacturing.

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Demand for powder dispensing systems in pharmaceuticals is expected to burgeon as intensifying competition in the market is prompting companies to enhance their active pharmaceutical ingredients (API). Reworking active pharmaceutical ingredients require heavy investments, making identification of viable candidates crucial in the early stages. However, a key barrier which stifles the progress of the procedure is the sensitivity of these chemicals to physiochemical effects. Additional control measures are required to be taken in order to shield these chemicals from physiochemical effects which, in turn, disturb the timeline of drug development. Powder dispensing systems provide a way to streamline the process by allowing pharmaceutical companies to use micro-dosing encapsulation techniques for manufacturing of API-in-capsule drugs.

In addition to maintaining the original properties of active pharmaceutical ingredients, powder dispensing systems enable companies to accelerate clinical trials and reduce lead time to treatments substantially. According to the report, the factor is estimated to play a vital role in bolstering the demand for powder dispensing systems in pharmaceutical applications with the segment expected to account for sales of almost 27,000 units in 2019.

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Additive manufacturing techniques are gradually gaining traction across an assortment of industries owing to their cost-effectiveness, sustainability, and simplicity. Laser-based powder bed fusion procedure is an important part of additive manufacturing which employs the use of powder dispensers for the production of complex metal components in a cost-effective manner. The technique is gaining widespread adoption as industries seek to reduce time and costs of production to gain a competitive edge in the market. Additionally, intensifying researches towards overcoming the drawbacks of the current system are expected to propel its adoption even further in the foreseeable future. Studies researching the use of different metal alloys and other materials for use in laser-based powder bed fusion additive manufacturing are further expected to boost sales. Fact.MR opines the pervasive trend will drive the demand for powder dispensing systems in laser-based powder bed fusion additive manufacturing with the market poised to register sales of more than 35000 bulk dispensing units in 2019.

The evolving industrial internet of things (IIoT) is likely to aid in powder dispensing systems market proliferation with manufacturers gradually leveraging the advanced technology to streamline production and design of powder dispensing systems. Artificial intelligence and machine learning are allowing manufacturers to design virtual prototypes and define simulation environments to effectively test the efficacy of the systems under different circumstances. Powder dispensing system manufacturers are leveraging these technologies along with analytics and internet of things to identify faults in the existing system and predict operation failures. Continuous advancements in the technology are expected to benefit the powder dispensing systems market.

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Bridge Cable Sockets Market Prophesied to Grow at a Faster Pace by 2017-2028

According to a recent report of Fact.MR, the bridge cable sockets market is expected to continue its bullish run, with the sales of bridge cable sockets poised to surpass 30000 units in 2019. The surge in sales of bridge cable sockets can be attributed to an assortment of factors such as the resurgence in construction and infrastructure developmental activities worldwide.

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Numerous studies working towards developing techniques for the construction of durable and more stable suspension and cable-stayed bridges are expected to complement growth of the bridge cable sockets market. One of the significant shortcomings of the current cable-stayed and suspension designs are their limited lengths. Both suspension and cable-stayed bridges are optimal for short spans of length, however, innovations in the area are soon expected to aid in resolving these drawbacks.

A development complementing the widespread adoption of suspension and cable-stayed bridge designs around the world is the wind tunnel tests aimed at testing impact of aerodynamic forces. Additionally, the leverage of technologies such as machine learning and artificial intelligence in developing software development that can simulate and predict the impact of different environmental conditions on the structure continues to complement demand for bridge cable sockets. According to the report, nearly 45% of the bridge cable sockets manufactured in 2019 are expected to be used in the construction of cable-stayed and suspension bridges.

Tension rods have gained widespread traction in bridge construction, owing to their effective load distribution over long distances. However, studies suggest that damage to connectors used in the mechanism can substantially increase the risk of bridge collapse. Additionally, the system has been linked to failure below intended loads. This has led to adoption of bridge cable sockets as an effective replacement for tension rod systems, with growing number of incidences alluding failure risks associated with the latter.

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Growing concerns regarding the effectiveness of tension rod systems and connectors are likely to complement adoption of cable systems worldwide, in turn contributing to growth of the bridge cable sockets market. Fact.MR estimates the sales of new bridge cable sockets to exceed 23,500 units in 2019.

Potential decrease in steel and wrought iron production is estimated to dampen manufacturing of bridge cable sockets, which are primarily manufactured using the two materials. Imposition of stringent government regulations on carbon dioxide emissions and emergence of social movements for environmental betterment are key factors impeding steel and iron production, with these industries accounting for over one-third of carbon dioxide emissions.

A gradual shift towards sustainable practices can potentially create a surge in the prices of the materials, which, in turn, could have an adverse impact on the bridge cable sockets market. However, the development of materials such as carbon fiber and alumina-polymer composites offers a lucrative alternative to steel and iron owing to their high tensile strength, lightweight, durability, and relatively environmentally-friendly nature. Additionally, intensifying research for cost-effective production of these materials is expected to benefit bridge cable sockets manufacturers in the foreseeable future.   

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HVAC Relay Market Likely to Emerge Over a Period of 2018-2026

According to a recent report by Fact.MR, HVAC relay market is estimated to continue its bullish run during the 2018-2026 period with the market generating revenue of almost US$ 3 billion in 2017. The steady growth of the HVAC relay market can be attributed to the continuous addition of new features, burgeoning demand for HVAC systems across industries, and growing awareness about the cost-effective benefits of the products.

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Fact.MR opines Asia Pacific will continue to retain the bulk of the HVAC relay market share during the forecast period. Burgeoning consumption of plastic in South Asia in addition to the increasing demand for processed food and chemical production are estimated to be the vital causes propelling the growth of the market in the region. Emerging economies in the region are constantly focusing on renovating and modernizing the existing infrastructure such as metros, trains, buses, hospitals, and corporate spaces. The rigorous developmental activities in the region are likely to fuel demand for HVAC systems in the region which is eventually estimated to augment to the HVAC relay market growth.

Maintenance of HVAC systems is complicated and lack of technical expertise in facilities is increasingly being linked to the growing number of HVAC system failure incidences. Coupled with the high costs associated with HVAC system installation, the factor is a key deterrent to HVAC relay market growth. However, the development of the Industrial Internet of Things (IIoT) is allowing facility managers and administrators to leverage data analytics and internet of things to predict the requirement of maintenance. The widespread adoption of the technology can boost HVAC relay market growth substantially.

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With sustainability, energy efficiency, and environmental protection gaining prominence in industrial production, demand for products operating using renewable sources of energy is on the rise. Consequently, geothermal HVAC systems are gradually gaining traction in residential as well as industrial applications. Geothermal systems use the heat from the earth to provide the desired temperature in systems while substantially reducing the carbon footprint relative to other HVAC systems. Growing consumer awareness about environmental concerns coupled with the imposition of stringent governmental regulations on energy efficiency and greenhouse gas production is estimated to bolster demand for geothermal HVAC systems along with other HVAC systems leveraging renewable sources of energy for operation. In order to capitalize on the surge in the demand for HVAC systems utilizing renewable sources of energy to function, manufacturers operating in the HVAC relay market are launching products specifically for the particular segment.

According to the report, the burgeoning production and demand for electric vehicles are estimated to contribute significantly to the HVAC relay market growth. With the performance of electric vehicles depending significantly on battery life, the HVAC systems used in electric vehicles are expected to showcase high energy efficiency. OEMs in the automotive industry are constantly working towards the development of energy-efficient HVAC systems for electric vehicles. For instance, Hanson Systems in collaboration with Kia Motors launched a novel cabin heating system specifically for electric vehicles. According to the company, the innovative HVAC system leverages two heat exchangers and coolant circuits to store heat when the vehicle is charging. When the vehicle is I n operation the HVAC system is turned off and it uses the stored in addition to the waste heat generated during the motor operation to produce the desired effect. Such developments in the segment are estimated to create demand for specialized HVAC relays which support the efficient performance of these systems.

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About Us

We are an insights-driven global market intelligence company with a unique purpose: enabling organizations make better decisions. We do this by creating an ecosystem where an eclectic cognitive collaboration between human imagination and data science leads to path breaking ideas.

Our vision is to foster a pervasive culture where critical business decisions are taken on the basis of facts rather than assumptions and perceptions.

Our mission is empowerment – empowerment of free-thought; empowerment of fact-based decisions; empowerment of decisive action.

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Grease Cartridges Market Research Gain Impetus Due to the Growing Demand over 2018-2026

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.

Read Report Summary: https://www.factmr.com/report/629/grease-cartridges-market

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..

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.

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Manufacturers of the grease cartridges market are focusing on lucrative after-sales opportunities in mining and automotive industry. Automotive industry independently holds over 50% share of the overall lubricant market across the world, which is attributed to the large-scale lubrication needs in the automobile production. Grease cartridges are gaining popularity, owing to their efficiency in reducing the manual efforts employed for applying grease on vehicle chassis, automotive intersections, and anti-friction bearings.

With the increasing inclination of consumers towards convenient lubricating products, manufacturers are endeavoring towards proposing and implementing breakthroughs in the storing and packaging solutions, out of which the grease cartridges market is expected to draw significant growth prospects.

According to the study, Asia Pacific will continue to be a leading market for grease cartridges globally. The buoyant automotive industry in the region, combined with steady demand from mining industry are likely to provide an impetus to the growth of the grease cartridges market over the course of the forecast period.

The report profiles some of the significant 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.

Request for the Customization of the Report: https://www.factmr.com/connectus/sample?flag=RC&rep_id=629

About Us

We are an insights-driven global market intelligence company with a unique purpose: enabling organizations make better decisions. We do this by creating an ecosystem where an eclectic cognitive collaboration between human imagination and data science leads to path breaking ideas.

Our vision is to foster a pervasive culture where critical business decisions are taken on the basis of facts rather than assumptions and perceptions.

Our mission is empowerment – empowerment of free-thought; empowerment of fact-based decisions; empowerment of decisive action.

Contact Us

Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Tel: +353-1-4434-232 
Tel: +353-1-6111-593
Email: sales@factmr.com
Read Blog: https://theheraldmedia.com

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