The global USA lubricant-contaminated HDPE container waste market is currently valued at US$ 150.77 Billion and is expected to grow at a CAGR of 4% during the forecast period.
The U.S lubricant contaminated HDPE container waste market is expected to reach US$ 150.77 Billion and is projected to grow at a CAGR of 4% over the forecast period. Over the forecast period, the market for lubricant-contaminated HDPE containers in the U.S. is expected to reach US$ 225 Billion.
As commercial vehicle sales rise, lubricants for commercial vehicles are expected to be increasingly popular, driving the waste disposal market for lubricant-contaminated HDPE containers in the United States. Custom-sized containers are often produced by manufacturers based on customer requirements.
Additionally, HDPE containers larger than 50 liters are mainly used in industrial applications, which fuels their demand. Food manufacturers can produce a wider range of foods with fewer naturally U.S lubricant contaminated HDPE container wastes as demand for natural lubricant-contaminated HDPE container wastes has grown over the past few years.
In addition, the automotive industry makes up a significant amount of the market for lubricant-contaminated HDPE containers in the United States and substantially contributes to its growth. Due to the emergence of state laws and regulations, the polyethylene recycled plastic market is projected to grow from 2016 to 2019, accounting for about 25% of the US market share.
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In packaging, recycling plastics is growing in popularity as well as knowledge about plastic waste management is increasing. Environment-friendly methods for producing and disposing of plastic are emerging. Hence the market for U.S. lubricant-contaminated HDPE container waste market.
Key Takeaways from the Market Study
“High demand for recycled plastics, automotive sales, and sustainable packaging containers are predicted to boost the demand for lubricants contaminated HDPE containers in the U.S. market over the next few years,” comments an analyst at FMI.
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Competitive Landscape
Consolidated Container Company, Nye Lubricants, Inc., Scholle Ipn Corporation, Greif, Inc., Mauser Group B.V., Milford Barrel, BWAY Corporation, Rahway Steel Drum Company, Inc., Container Distributors, Inc., Jakacki Bag & Barrel, Inc., KSCI Container Services, CKS Packaging, Inc., Polycon Industries, Inc., Trico Corporation, Encore Container, SCHÜTZ Container Systems,
By partnering strategically, manufacturers are able to boost production and meet consumer demands, increasing revenue and market share. Manufacturing products that are beneficial to the end user by utilizing new technologies and products. Expansion of production capabilities can be facilitated through strategic partnerships.
Key Segments Covered in the USA Lubricant Contaminated HDPE Container Waste Market Industry Survey
By Application:
By Container Size:
By Plastic Use:
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More Valuable Insights Available
FMI, in its new offering, presents an unbiased analysis of the U.S Lubricant Contaminated HDPE Container Waste market, presenting historical demand data (2018-2022) and forecast statistics for the period of 2023-2033.
The study divulges essential insights on the U.S Lubricant Contaminated HDPE Container Waste market analysis report by Application (Industrial, Automotive, Aerospace), Container Size (0-30 Liters, 30-50 Liters, Greater than 50 Liters), and Plastic Use (Re-Use, Recycle).
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Mar 08, 2023