Wax-coated Paper Market: An overview
Wax-coating is primarily used to avoid water contact with the paper. The wax acts as a hydrophobic material which takes care of paper from any moisture content. Such papers can be effectively used to cover or protect food, dairy and bakery products from contamination and degradation.
The wax-coated paper also acts as an insulator since it repels the electric current which enhances its chances of being used in electrical and electronics applications. Moreover, the wax-coated paper is lightweight and bio-degradable which also provides a sustainable factor due to which its demand is increasing day by day. Wax-coated paper is also used in textiles which can be used to attach the designs to textiles to make the product attractive.
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The packaging in the current scenario is based on the appearance of the product with available custom design with color printings or labelling on the packaging which can give a further boost to the wax-coated paper market. Shelf ready or retail-ready is the proven example due to which increase in market has been recorded for several other products.
Overall, the wax-coated paper market shows positive look in terms of size and value in coming future and can contribute a major share in the global packaging market in the forecast period.
Wax-coated Paper Market: Dynamics
The factors which drive the wax-coated paper market are its properties such as moisture-proof tendency, electric insulator, glossy cover which improves its appearance. The sustainability factor is also responsible for the insignificant growth of wax-coated paper market people are more concerned about the environment due to global warming and other natural threats caused by pollution.
The factors which restraint the wax-coated paper market are the presence of petrochemical contents in wax and non-recyclability. Wax-coated paper generally used in low temperature applications because at high temperature the wax tends to melt which can degrade the product or severely affect the quality of the product and it is useful to use for certain food products only which can affect the growth of the wax-coated paper market.
Wax-coated paper Market: Regional Outlook
On a global scale, North America is the region which dominates the wax-coated paper market. Latin America is also a key player region wise which has an accountable market for wax-coated paper. Europe is the second-largest available market for the wax-coated paper due to enhancement in fast food products.
In the Asia-Pacific region, India and China are the key players in the wax-coated paper market due to an increase in food and beverage demand and increasing usage of personal care products and healthcare units. Middle-East and Africa are estimated to contribute large the share in the wax-coated paper market due to an increase in the industrial sector in particular region which in turn is due to increase the economic strength of this region.
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Wax-coated paper Market: Key Players
Some of the key players in the wax-coated paper market are Dunn paper Inc., Interplast Group Ltd/TX, Paradise packaging Pvt. Ltd., CGP Industries SAS, Navbharat Industries, Seaman paper Co of Massachusetts Inc, Framarx and Handy Wacks.
Increase in Healthcare and personal care facilities in Middle-East and Africa might enhance the share of this region in wax-coated paper market in forecast period due to aforementioned reasons.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Regional Analysis Includes
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa (MEA)
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Wax-coated Paper Market Market: Segmentation
The Wax-coated Paper Market is segmented on the basis of source of waxing since the wax can be obtained from various natural resources and end-user.
The wax-coated paper market is segmented on the basis of source of waxing as
- Animal
- Vegetable
- Mineral
- Petroleum
- Petroleum wax which is a by-product of petrochemicals is generally used for the wax-coated paper market in food and beverage products and almost for all other applications.
The wax-coated paper market is segmented on the basis of end-user as
- Food
- Beverage
- Electrical
- Electronics
- Personal care
- Packaging
- Adhesive
- Paints
- Textile
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