What's Driving Waxing Base Paper Market Growth? Top Players: BPM Inc., City Company Seals Ltd., EuroWaxPack, Mil-Spec Packaging of GA Inc., Patty Paper, Dunn Paper
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Global Waxing Base Paper Market: Segmentation
The global waxing base paper market has been categorized on the basis of thickness, wax type, application, and end-use.
On the basis of thickness, the global waxing base paper market has been segmented as:
Up to 8 GSM
8 to 20 GSM
20 to 50 GSM
More than 50 GSM
On the basis of wax type, the global waxing base paper market has been segmented as:
On the basis of application, the global waxing base paper market has been segmented as:
On the basis of end use, the global waxing base paper market has been segmented as:
Electrical & Electronics
Global Waxing Base Paper Market: Drivers & Restraints
The demand for waxing base paper is anticipated to increase with the growing demand for on-the-go and fast food products globally. This factor is expected to create immense opportunities for packaging manufacturers to grow along with the market. Food companies are looking for packaging manufacturers who can offer high-quality and efficient packaging solutions at cheaper costs. One of the prominent drivers driving the demand for waxing base paper is the shift in consumer consumption patterns in the food and beverages sector. Waxing base paper is lightweight, eco-friendly, and preserves freshness by ensuring a moisture barrier. Due to its high dielectric strength, waxing base paper is used as an insulator in electrical and electronic applications. Waxing base paper is ideal for printing as its surface has low porosity, which allows better retention of ink. These factors are anticipated to further propel the demand for waxing base paper in the global market during the forecast period.
Despite the positive outlook, some factors might hamper the growth of the global market for waxing base paper. Waxing base paper can only be used for cold storage applications, and if exposed to high temperatures, the wax would melt and might contaminate the packaged product. The global waxing base paper market is expected to face intense competition in the form of alternative solutions such as plastic and aluminum films for food packaging applications.
Global Waxing Base Paper Market: Regional Outlook
Globally, the market for waxing base paper is divided into seven key regions – North America, Western Europe, Latin America, Eastern Europe, the Asia Pacific excluding Japan, Middle East & Africa, and Japan. North America is expected to spearhead the global waxing base paper market owing to the high consumption of fast food in the United States.
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Waxing Base Paper Market: Some of the Key Players
Some of the key players operating in the waxing base paper market are BPM Inc., City Company Seals Ltd., EuroWaxPack, Mil-Spec Packaging of GA Inc., Patty Paper, Dunn Paper, etc. Many more unorganized and local players are expected to contribute to the global waxing base paper market during the forecast period.
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