Future Market Insights
Sealed wax packaging -Introduction:
Over the last few years, packaging solutions have made progress in terms of colours, features, appearance, and convenience. The primary purpose of packaging is to preserve and protect the product during storage, consumption, and transportation. Sealing wax is a wax material which after melting hardens quickly which is difficult to separate because of formation of the bond. Sealing wax is FDA approved material for packaging. The sealed wax packaging is available in many standard colours which allows the manufacturers to match the label design with the colour of the wax. By embossing their logo, brand name or image on the product, brand owners, and manufacturers enhance their brand. It gives the rich feel and polished look to the product without using expensive materials or components. It provides the protective closure to the product. With the rise in end users of waxes, such as packaging market and cosmetics market, the sealed wax packaging market is growing at a significant rate.
Sealed wax packaging - Market Dynamics:
One of the significant factors that will contribute to the growth of the global sealed wax packaging market is the easy availability of wax products with the progress made in the retail sector by e-commerce and supermarket. Another factor towards the growth of the sealed wax packaging market is the handling efficiency which is helps to open the product without cutter or knife and with no foil cuts on the product. In addition, the rising demand for high SPF products, adhesives, wood & fire logs, rubber, laminates has acted as a driver for high growth of sealed wax packaging market. However, the growth of sealed wax packaging market is expected to hamper due to additional cost to retailers and manufacturers to provide proper storage facility as sealed wax packaging is too sensitive to temperature variation and climate change.
Sealed wax packaging - Market Segmentation:
The sealed wax packaging market is segmented on the basis of product type, packaging type, and end use type. On the basis of product type, the sealed wax packaging market is segmented into sticks, wicks, granules, beads, and bricks. On the basis of packaging type, the sealed wax packaging market is segmented into machine sealing and manual sealing. On the basis of end users, the sealed wax packaging market can be categorized as personal care products, wax stamps, gift sealing, alcoholic beverages and others. The alcoholic beverage is estimated to hold the major share in sealed wax packaging market. The alcoholic beverage market can be further sub segmented into spirits, wines, beer etc.
Sealed wax packaging - Regional Outlook:
Geographically, the sealed wax packaging market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to show the highest growth due to high standard of living and increase in disposable incomes. India and China are expected to show the significant growth in sealed wax packaging market volume share due to the rise in the retail sector in these regions. Europe is expected to occupy significant share in sealed wax packaging market significantly due to huge consumption of alcoholic beverages. Asia Pacific is the largest regional market for sealed wax packaging, owing to high demand from end use industries such as cosmetics, and packaging. The Middle East and Central and South America are expected to observe considerable growth rates in the near future.
Sealed wax packaging - Major Players:
Some of the major players identified across the globe in the sealed wax packaging market are Blended Waxes Inc., Southwest Wax LLC, Oakbank Products Limited, Australian Wax Co., Brick Packaging LLC, Calwax, LLC, City Company Seals Ltd, Jax Wax Pty Ltd., Wax Seals, The British Wax Refining Company Ltd, Darent Wax Company Ltd.
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