Waxed Paper Packaging Market - Global Special Paper Market Analysis, Share, Trends and Forecast by 2024
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Waxed paper packaging materials are usually semitransparent and have a glossy outer surface. Hence, such paper packaging products are used to give an attractive look to baked goods, sweets, dairy products and confectioneries. Moreover, waxed paper packaging shows an impressive resistance to water, humidity and grease. Owing to its advanced respirational functionality, it is being increasingly used for packaging of cold meat and cheese. The aforementioned factor are likely to drive the growth of the global market for waxed paper packaging over the next couple of years. Further, they easily decompose and comply with most environmental norms. Some of these particular packaging products are available in custom designs with trendy color printings of them. Nonetheless, waxed paper packaging is limited to only certain food categories, which is expected to impede its overall market growth to a certain extent. Also, most waxed paper packaging material show poor resistance to extreme condition and require low temperature and ventilation in order to stay in best usable condition.
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Waxed Paper Packaging Market: Key Segmentation
The market for waxed paper packaging has been segmented into wax type, application type and product type. Based on wax type, the market has been segmented into mineral based wax and natural based wax. Mineral based waxes are usually obtained during the process of crude oil refining whereas natural waxes are commonly produced from processed vegetable oils (food additives or oleochemicals). These waxes are further modified to increase the gloss, slip and sealable property of the paper using special types of additives. Based of application, the market for paper packaging has been segmented into food market which is further sub-segmented into farm produce (dates and apples) and confectionary (candies, toffees, bubble gum sticks, etc.)
Such type of packaging are also finding application in toiletries and cosmetics sectors. They are typically used as soap wrappers as well as wrapping of gears, break disk, and sharp objects. Based on product type the market has been segmented into waxed brown crepe, waxed anti-corrosion paper, waxed kraft paper, and anti-slip paper.
Waxed Paper Packaging Market: Regional Analysis
On the basis of region, the waxed paper packaging market has been segmented into Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa (MEA). The packaging industry is projected to register a strong growth rate in Asia Pacific in the years to come. Meanwhile, the markets in regions such as Europe and the North America are already witness impressive growth rates as the demand for such packaging products in these regions is significantly high.
Some top companies operating in the market for waxed paper packaging include CGP Coating Innovation, EuroWaxPack, Papertech Inc, Griff Paper and Film, Mil-Spec Pacakging of GA Inc, Grantham Manufacturing Ltd, Carlotte Packaging Ltd, Nicholas Paper Co. Inc, and Sierra Coating technologies LLC.
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