Current Trends in the USA Lubricant Contaminated HDPE Container Waste Market Worth US$ 225 Billion by 2033

The USA 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.

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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.

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

  • According to market forecasts, the U.S. lubricant-contaminated HDPE container waste market is set to reach US$ 225 billion by 2032.
  • According to projections, the automotive sector is expected to grow at a CAGR of 5.8% between 2023 and 2033.
  • 30-50 liters of container size are expected to account for more than 22% of the global market.
  • Recycle plastics are expected to grow at a revenue share of 98% over the forecast period.
  • The market for lubricant-contaminated HDPE container waste in the U.S. is expected to grow to US$ 225 billion by 2032.

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 can 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.

  • In April 2022, Encore Container, a leading provider of plastic drums and IBC totes, announced it would diversify its product line to serve new customers in new markets, starting in January by offering 77-gallon plastic drums and expanding in the coming months. To take advantage of these new opportunities, they are investing in 77-gallon drums.

Key Segments Covered in the USA Lubricant Contaminated HDPE Container Waste Market Survey

By Application:

  • Industrial
  • Automotive
  • Aerospace

By Container Size:

  • 0-30 Liters
  • 30-50 Liters
  • Greater than 50 Liters

By Plastic Use:

  • Re-Use
  • Recycle

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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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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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