The global USA Lubricant Contaminated HDPE Container Waste Market is currently valued at USD 150.77 Billion and is expected to grow at a CAGR of 4% during the forecast period. According to projections, the market will witness market growth of USD 225 Billion in 2033.
According to a report, the lubricant market for various aerospace, industrial, and automotive applications is expected to grow in the coming years. Growing demand for plastic recycling processes is expected to drive the growth of the market.
The recycling process allows the product to be remolded into any size, and additives can be added to improve its properties. Thus, manufacturers often choose to recycle instead of reusing when it comes to contaminated HDPE container waste materials.
As part of its National Recycling Strategy, the USA Environmental Protection Agency released its National Recycling Strategy. A road map has been developed to guide the country's efforts to achieve a 50% recycling rate by 2030.
One of the takeaways of the Strategy is the new emphasis on circular economy considerations. As part of the Strategy, a goal is also set to reduce greenhouse gas emissions from the production, use, consumption, and disposal of materials, which represents a third of the global emissions of greenhouse gases. According to this strategy, the net GHG emissions of the United States will be reduced by 52% by 2030, in line with President's commitment.
| Report Attributes | Details |
|---|---|
| Expected Market Value (2023) | USD 150.77 Billion |
| Projected Forecast Value (2033) | USD 225 Billion |
| Global Growth Rate (2023 to 2033) | 4% CAGR |
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According to market research and competitive intelligence provider FMI, the USA lubricant contaminated HDPE container waste industry grew at a CAGR of 3.8% from 2018 to 2022.From the industrial and household sectors, every individual plays an important role in reducing the quantity and type of lubricant container waste in the United States.
In the circular economy, plastics renewal and recycling through chemical recycling will help the USA preserve its natural resources while reducing fossil fuel extraction and GHC emissions.
As part of ongoing efforts to redesign the economy of lubricant containers after they have been used by consumers, the National Lubricant Recycling Coalition (NLCRC) is also looking into developing an initiative that recycles and recovers plastic packaging used for shipping lubricants to consumers and businesses.
NLCRC is working hard to establish a market for these materials by developing partnerships with service providers and retailers in order to demonstrate a good understanding of market dynamics by launching a pilot project in a USA market through partnerships with service providers and retailers.
To scale recycling solutions to lubricant containers and other critical stakeholders, incorporating chemical recycling as a strategy for recycling lubricant containers into post-consumer recycled content, collecting companies, recycling companies, and other critical stakeholders will scale recycling solutions to lubricant containers.
According to forecasts, the USA lubricant contaminated HDPE container waste market will grow at a 4% CAGR between 2023 and 2033.
Automobile production has increased greatly over the past few decades, and as a result, the demand for maintenance products such as lubricants, engine oil, grease, and deep penetrant lubricants has increased dramatically in the market. With the growth of the automobile market, the demand for lubricant contaminated HDPE containers is expected to exacerbate over the forecast period, thus increasing the demand for the recycling of lubricant contaminated HDPE containers.
The economy can be supported through improved resource use, infrastructure investment, and employment opportunities through the creation of an environment for the market pull-through of the collected material.
The environmentally friendly nature of HDPE and its recyclability make it a popular choice for a wide range of packaging applications. A very large amount of HDPE containers are recycled around the world. Among all of the thermoplastic containers on the market, HDPE containers hold an enormous market share in the worldwide market.
A significant increase in the number of infrastructure projects in various parts of the world has led to an increase in demand for high-density polyethylene resins over the last few years. Due to its great performance advantages over alternative packaging formats, HDPE containers are one of the major drivers of the plastic container industry.
In addition, the growing demand for aerospace lubricants is expected to drive the market for lubricant contaminated HDPE container waste market. Increasing market demand for lubricants to minimize friction and prevent overheating in aerospace industries will drive market growth in the next few years.
Changing market demand for high-performing and better-quality oils will improve the performance aspects of aircraft and will result in increased safety for passengers during the flight.
Technology and innovation are continuously catering to the needs of the aviation and automotive industries, including extending the life of turbines and engines, minimizing greenhouse gas emissions, enhancing fuel efficiency, lubricants with a low viscosity for aviation, and maintaining emission levels according to government and non-government standards.
Moreover, construction activities in the USA are increasing, which is resulting in an increase in sales of construction equipment, such as bulldozers, cranes, and concrete mixers, as well as increasing demand for heavy-duty automotive lubricants.
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Growing concern over CO2 emissions and greenhouse gases has led the country to eliminate plastics and other materials from the environment. A good deal of effort has been made in the country to develop alternative materials for industrial, chemical, and other applications in order to conserve and protect fossil fuels.
As Efforts are being made by industries to impose greater ecological awareness on their operations, and there have been great strides made in the area of lubricant management and disposal over the past few years. A wide range of lubricants are now available that comply with even the strictest environmental regulations in order to meet customer needs. Several factors are considered when choosing lubricants for certain environments, including biodegradability.
Numerous regulations have been passed by the federal government aiming to improve the way lubricants are stored and handled at the domestic level in order to protect the environment. Under section 6002 of the Resource Conservation and Recovery Act (RCRA), the Environmental Protection Agency (EPA) launched a procurement code of ethics program in June 2022.
Over the life cycle of the materials, this program reduces their use and impacts on the environment.
Lubricants used in industrial and aerospace applications can be contaminated, which can negatively affect their operations. Plastics that contain high-density polyethylene take hundreds of years to decompose in the environment.
A rapid shift towards the adoption of packaging solutions made of bioplastics is occurring as a result of rising environmental concerns and strict regulatory measures across the USA and other nations. A combination of these factors, along with fluctuating HDPE container prices and the availability of polypropylene alternatives, is estimated to hamper the market's demand for HDPE containers.
Lubricant properties may change over time, affecting the performance of automobiles. The mixing of lubricants from different sources also contributes to the degradation of oils, components, and machinery (cross-contamination). The contamination of lubricants can also speed up the rate at which engines and mechanical parts wear out, leading to accidents and damage to the engine.
In addition to more hazardous waste and harder-to-degrade materials, such as lubricant oil containers, being dumped in landfills, a growing number of these containers makes waste disposal even more difficult for the USA.
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During the last few decades, the USA has seen an increase in passenger car production and commercial vehicle production, including commercial trucks and buses. According to estimates, the total production reached 11 million units in 2018, marking a 30% increase from 10 years ago.
In addition to an increase in vehicle production, lubricant oil consumption has also increased in recent years. Hence the market for lubricant contaminated HDPE container waste is expected to grow in the USA.
As Research and Development activities and government and non-governmental organization funding increase, the market for lubricant contaminated HDPE container waste is expected to flourish.
Moreover, the increasing presence of key market players in various sectors such as industrial, aerospace, and automobiles are also expected to add to the market's growth. The USA is one of the most important automotive markets in the world.
With increasing awareness among consumers regarding the benefits of vehicle maintenance and increasing demand for recycled oil containers, the HDPE-based oil container recycling market is predicted to witness significant growth over the forecast period.
Based on application type the USA lubricant contaminated HDPE container waste market is segmented into industrial, aerospace, and automotive. According to the forecast, automotive will hold the largest revenue share of 80%. Increasing consumer demand for vehicles and auto parts will result in growth in the market for these products.
The ever-increasing sales of passenger cars and commercial vehicles are expected to grow demand for the USA lubricant contaminated HDPE container waste market.
A combination of economic growth in the USA and concern about pollution regarding the pollution caused by an ever-increasing number of vehicles on the streets has resulted in the improvement of public transportation services in the country.
Furthermore, as disposable incomes rise and consumer demand increases for high-quality maintenance of vehicles, the need for HDPE-based oil containers will increase, increasing the need to recycle HDPE that has been contaminated by lubricants.
Based on the adoption of plastics in the market, the market is segmented into re-use, and recycled USA lubricant contaminated HDPE container waste. Recycled plastic use is expected to hold the largest market during the forecast period. The market is expected to grow at a CAGR of 4.8% during the forecast period.
A lubricant contaminated HDPE container can be recycled at an economic and beneficial cost than being reused. Considering the high costs of cleaning and maintaining reused materials, as well as the fact that they produce additional waste, consumers are increasingly turning to the recycled plastics available on the market to eliminate such waste and costs.
In addition, the property of the product can also be enhanced by adding additives through the recycling process, enabling manufacturers to easily remold the product in any size as per their demand. Due to these factors, manufacturers prefer recycling over reusing plastics in the market.
As part of the various recycling program, manufacturers will actively participate to ensure that the recycling program adheres to industry standards and is continually improved so that effective product sustainability can be achieved.
Manufacturers ensure that best practices are continually improved to ensure that equipment is designed to recycle lubricant containers in an efficient and cost-effective manner. Furthermore, companies promote a fair and consistent approach by taking appropriate action regarding end-of-life lubricant containers.
Moreover, they facilitate the correct management of lubricant packaging at end-of-life by engaging with key stakeholders and parties involved. All these factors have stimulated market growth for the recycled lubricant contaminated HDPE container waste market.
What is the Impact of the New Entrant on the USA Lubricant Contaminated HDPE Container Waste Market?
As startup companies enter the automotive market, they are increasingly using lubricant-contaminated HDPE containers to meet consumer demands. With the advent of innovative technologies in the market, recycling products are incorporating USA lubricant contaminated HDPE container waste and becoming increasingly innovative.
Startup companies have started to offer recycled solutions for lubricant contaminated HDPE container waste for various applications.
Some of the start-ups in the USA lubricant contaminated HDPE container waste market include-
USA lubricant contaminated HDPE container waste manufacturers are aiming to meet changing consumer demands by offering innovative product designs. Leading manufacturers are working with reputed brands to launch new products that target a wider audience.
HDPE container manufacturers are continuously developing innovative pallet stretch wrapping solutions for specific end uses, and are committed to research and development. Companies in the recycled HDPE container market are launching new products and expanding their market reach.
North American manufacturers begin mass production of the Doosan DD100 in the third quarter. The first Doosan dozer model DD100, a 9-metric-ton dozer marketed for the North American market, has been shipped by Hyundai Doosan Infracore (HDI), a subsidiary of Hyundai Motor Company. This dozer was launched by HDI in an effort to create a synergy between its existing excavator and wheel loader models and the new dozer.
The Waste Management company has taken over Avangard Innovative's USA division, which will increase recycling programs, especially for plastics and wraps used in commercial applications. It is expected that Natura PCR will be able to recycle 400 million pounds of post-consumer resin per year within five years of the acquisition. As well as stretch wraps and furniture film, it will manufacture circularly shaped plastic wraps. In addition to the recycling deal, the company plans to include shrink wrap for cosmetics and food containers as part of the deal.
| Report Attributes | Details |
|---|---|
| Growth Rate (2023 to 2033) | 4% |
| Expected Market Value (2023) | USD 150.77 Billion |
| ProjectedForecast Value (2033) | USD 225 Billion |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Application, Container Size, Plastic Use |
| Key Companies Profiled | 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; SCHÜ TZ Container Systems |
| Customization | Available Upon Request |
The global USA lubricant contaminated HDPE container waste market is likely to reach a valuation of USD 150.77 Billion by the end of 2023.
Consolidated Container Company, Nye Lubricants, Inc., Scholle Ipn Corporation, Greif, Inc., and Mauser Group B.V., are the most prominent players in the global market.
Sales of the USA lubricant contaminated HDPE container waste market is likely to expand at 4% CAGR through 2033.
Automotive application is expected to grow at a CAGR of 5.8% in the USA lubricant contaminated HDPE container waste market.
By the end of 2033, the global market for the USA lubricant contaminated HDPE container waste market is predicted to reach a valuation of USD 225 Million.
1. Executive Summary | USA Lubricant Contaminated HDPE Container Waste Market 2. Market Overview 3. Market Background 4. Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 5.1. Industrial 5.2. Automotive 5.3. Aerospace 6. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Container Size 6.1. 0-30 Liters 6.2. 30-50 Liters 6.3. Greater than 50 Liters 7. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Plastic Use 7.1. Re-Use 7.2. Recycle 8. Key Countries Lubricant Contaminated HDPE Container Waste Market Analysis 9. Market Structure Analysis 10. Competition Analysis 10.1. Consolidated Container Company 10.2. Nye Lubricants, Inc. 10.3. Scholle Ipn Corporation 10.4. Greif, Inc. 10.5. Mauser Group B.V. 10.6. Milford Barrel 10.7. BWAY Corporation 10.8. Rahway Steel Drum Company, Inc. 10.9. Container Distributors, Inc. 10.10. Jakacki Bag & Barrel, Inc. 10.11. KSCI Container Services 10.12. CKS Packaging, Inc. 10.13. Polycon Industries, Inc. 10.14. Trico Corporation 10.15. Encore Container 10.16. SCHÜTZ Container Systems 11. Assumptions & Acronyms Used 12. Research Methodology
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USA Lubricant Contaminated HDPE Container Waste Market
