Packaging Wax Market Accounted For USD 2.84 Billion By 2025Posted by Neha Bora on October 30th, 2019 San Francisco, 30 October 2019: The Report Packaging Wax Market Size, Share & Trends Analysis Report By Product (Synthetic, Mineral), By Packaging Type (Flexible, Semi-Rigid), By Application (Pharmaceutical, Personal Care), And Segment Forecasts, 2018 – 2025 The global packaging wax market size is expected to reach USD 2.84 billion by 2025, expanding at a CAGR of 3.1%, according to a new report by Grand View Research, Inc. Several characteristics, including non-toxicity, high gloss, outstanding chemical resistance, and good water repellency, are among the key factors driving the product demand. The food & beverages segment led the packaging wax industry accounting for over 58.0% of the overall revenue share in 2017. Some of the leading companies, such as Amcor Limited, Ball Corporation, Crown Holdings, and Mondi PLC, offer a wide range of packaging materials in the market. Other prominent companies include Charlotte Packaging Ltd., EuroWaxPack, Nicholas Paper Company, and Mil-Spec Packaging of GA. Developments in the pharmaceutical industry are expected to augment the industry growth over the forecast period. Synthetic waxes find various applications in the pharmaceutical sector on account of their water repellent, anti-settling, and anti-blocking properties. The growth of pharmaceuticals and cosmetics and toiletries sector, most notably in the upcoming markets of Asia Pacific, is anticipated to have a positive impact on the market growth during the forecast period. Packaging wax applications including furniture and cabinets and automotive are anticipated to offer substantial growth prospects in the coming years. Asia Pacific, North America, and Europe held a significant market share in 2017 and is likely to witness the fastest CAGR over the forecast period. Shale gas development, especially in North America, has resulted in huge ethylene capacity expansions. These developments have also lowered the prices of ethylene, which, in turn, has positively impacted the growth of polyethylene packaging wax industry. Access Research Report of Packaging Wax Market @ www.grandviewresearch.com/industry-analysis/packaging-wax-market Further key findings from the study suggest:
Grand View Research has segmented the global packaging wax market on the basis of product, packaging type, application, and region: Packaging Wax Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
Packaging Wax Packaging Type Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
Packaging Wax Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
Packaging Wax Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
Access Press Release of Packaging Wax Market @ www.grandviewresearch.com/press-release/global-packaging-wax-market About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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