As per this study the Global Packaging Wax Market was valued USD XX.X MN (by revenue) in 2019 and is anticipated to reach USD XX.X MN by 2026 with a CAGR of X.X%. By volume, the market was estimated XX.X KT in 2019 and is expected to reach XX.X KT by 2026 with a CAGR of X.X%.
Packaging wax is used for coating, impregnating and laminating wax while packaging for attaining the properties that wax can offer such as, moisture barrier for food preservation and high gloss packaging for effective promotion. It is used in the production of folding cartons, corrugated containers, bottles, cans, jars, tubes, drums, wrapper, pouch, label, sack, and bag. Moreover, packaging wax can provide a flexible, semi-rigid and rigid type of packaging in food & beverage, pharmaceutical, furniture, and personal care industry among others.
The growing usage of wax in the food and beverages industry for packaging food products is majorly driving market growth. Increasing demand for packaged vegetable, fruits, and floral products along with the increasing production of corrugated containers and jars among others is again fuelling the market growth. On the other hand, stringent government regulations regarding VOC emissions may hamper market growth. Whereas, increasing R&D activities for the production of innovative and advanced personal care products is anticipated to augment demand over the forecast period.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of packaging wax.
The broad packaging wax market has been sub-grouped into product, packaging type, and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Packaging Type
- Food & Beverage
- Personal Care
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for packaging wax in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Europe Packaging Wax Market By Revenue (USD MN)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the packaging wax market includes Baker Hughes Incorporated, BASF SE, BP p.l.c., China National Petroleum Corporation, Dow Corning Corporation, Evonik Industries AG, ExxonMobil Corporation, HollyFrontier Corporation, Honeywell International Incorporated, Mitsui Chemicals, Inc., Nippon Seiro Co., Ltd., Royal Dutch Shell plc, Sasol Limited, Sinopec Corp. and The International Group Incorporated. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.