Global Packaging Wax Market by Application (Personal Care, Pharmaceutical), by Packaging Type (Semi-Rigid, Flexible), by Product (Mineral, Synthetic) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

In 2017, the global packaging wax market was valued at USD 2.23 trillion. The market is expected to grow at 3.1% in the coming years. Packaging wax is used to make folding cartons, corrugated containers and bottles, as well as cans, jars or tubes, drums, jars and tubes. It also includes wrapper, pouches, labels, bags, sacks, and bags. It provides improved rigidity, stacking, dry strength, and protection against ply separation. This will drive product demand over the next few years.

Paraffin wax can be easily mixed with other additives such as UV stabilizers and antioxidants to create flexible Packaging. This provides freshness seals and grease barriers. It also gives F&B products moisture resistance and gloss. The paper waxes are used to protect against odors and gases. They also have properties like water resistance. These attributes are expected to drive market growth in the coming years. Further, these products seal the packaging material and add aesthetic appeal by increasing gloss on the printed card or paper.

Paraffin wax is the main ingredient in most materials. However, there have been significant improvements in packaging formulations thanks to the use of synthetic and natural waxes like Fischer-Tropsch or polyethylene. Europe and the Middle East are the top producers and consumers of petroleum and minerals waxes. These regions are home to many end-user industries. Asia Pacific is expected to experience significant growth due to its low operational, labor and raw material costs.

Changes in the global petroleum industry are likely to have an impact on the market share and supply. This will in turn affect the prices and availability of petroleum-derived waxes. The impact of synthetic wax capacities is also expected to be affected by changes in crude oil and natural gas prices. Agricultural commodity prices will also have an impact on the production of natural oils.

Product Insights

The market can be divided by product into three segments: natural, synthetic and mineral. In terms of volume, the mineral product segment accounted for around 70% of the industry share. This segment can be further divided into microcrystalline waxes, petrolatum and paraffin. Hebei Banner Chemicals Co., Ltd., Omnova Solutions, Inc., and Stevenson-Cooper, Inc. are the major manufacturers. Flexible packaging, such as bag, pouch, pouch and sack, is expected to drive high mineral wax consumption.

The future is expected to see a rise in paraffin wax usage in personal care products such as hair care, moisturizers and creams. The synthetic product market is divided into GTL and Fischer-Tropsch, monoethylene, montan, polyolefin, and polyolefin. This product will likely see significant growth over the next few years. Due to their superior protection, longevity and durability, they are being used more in the metal and glass packaging industry than their natural and mineral counterparts.

Application Insights

The key applications in the global packaging wax market are food & beverages, pharmaceutical, furniture and personal care. The F&B market accounted for just over 58.0% in 2017. This segment is expected to see a rise in semi-rigid packaging materials like food cans.

Aluminum grades are used in food applications such as pet food cans and smooth wall containers. They have superior mechanical properties and a high-quality surface that allows for the application of labels and paints. These factors are expected to drive F&B product demand. Personal care is expected to see significant growth. This is due to the increasing use of lipsticks, mascaras, eyebrow pencils and other products in packaging.

Packaging Type Insights

The industry can be divided into three segments based on the type of packaging: rigid, semi-rigid and flexible. The flexible segment was the most dominant in 2017. Flexible material encourages pre-cycling benefits from their packaged materials. This helps improve product safety and moisture barrier, and maintains freshness.

Flexible packing is a large part made up of films, paper, and aluminum-based material. These materials are more economically viable and durable than metal, plastic, or glass. The segment's growth is expected to be boosted by a rising demand for microcrystalline waxes, Fischer-Tropsch and paraffin.

Over the forecast period, significant growth is expected in the semi-rigid sector. Aluminum, a key component of the semirigid category is expected to see a significant growth due to its ability to produce multi- or single-compartment packaging (such as lined carton) in varying proportions and shapes.

Regional Insights

Major companies such as Evonik Industries AG and BP P.L.C. are located in Europe, along with BASF SE and Royal Dutch Shell Plc. Procter & Gamble Co. and Estee Lauder Cos Inc. will be major European personal care product producers in the future. In the future, product demand will be boosted by extensive R&D to develop innovative and advanced personal care products.

India is the Asia Pacific region's fastest growing economy. It has a large population that lacks access to affordable and safe medical care. Major government initiatives to improve the public health infrastructure are expected to have a positive effect on the demand and drive the production of medical devices.

Market Share Analysis for Packaging Wax

Major companies employ market strategies such as joint ventures and M&A to increase industry share and strengthen their position. They also seek to establish strategic partnerships with buyers to create new and customized materials. This is expected to be a key success factor. Market entrants have a unique opportunity to gain a prominent position in the global market by gaining access to a greater number of end-user applications. Mitsui Chemicals, Royal Dutch Shell Plc, Dow Corning Corporation, Honeywell International, Inc., Evonik Industries AG, Sasol NA Limited, and Baker Hughes, Inc. are some of the major players in the global market.

The Report Covers Certain Segments

This report predicts revenue growth and volume growth at the global, regional and country level. It also provides analysis of industry trends for each sub-segment from 2014 through 2025. Grand View Research has divided the global packaging wax market report by product, packaging type and application.

• Product Outlook (Volume of Kilotons; Revenues, USD Millions, 2014-2025)

  • Mineral

  • Synthetic

  • Nature

• Packaging Type Outlook (Volume of Kilotons; Revenues, USD Million, 2014-2025)

  • Flexible

  • Semi-Rigid

  • Rigid

• Application Outlook (Volume of Kilotons; Revenues, USD Millions, 2014-2025)

  • Food & Beverage

  • Pharmaceutical

  • Furniture

  • Personal Care

  • Other

• Regional Outlook (Volume of Kilotons; Revenues, USD Millions, 2014-2025)

  • North America

    • The U.S.

    • Canada

  • Europe

    • Germany

    • Russia

    • The Netherlands

  • Asia Pacific

    • China

    • India

  • Central & South America

    • Brazil

  • Middle East & Africa

Up Market Research published a new report titled “Packaging Wax Market research report which is segmented by Application (Personal Care, Pharmaceutical), by Packaging Type (Semi-Rigid, Flexible), by Product (Mineral, Synthetic), By Players/Companies bag, sack, Stevenson-Cooper, Omnova Solutions, Inc, Ltd, pouch, wrapper, Hebei Banner Chemicals Co, Inc The consumption of mineral wax is anticipated to show high growth as a result of its application in flexible packing, including label”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Packaging Wax Market Report Segments:

The market is segmented by Application (Personal Care, Pharmaceutical), by Packaging Type (Semi-Rigid, Flexible), by Product (Mineral, Synthetic).

Packaging Wax Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Packaging Wax Market

Overview of the regional outlook of the Packaging Wax Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Packaging Wax Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Packaging Wax Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Personal Care

                2. Pharmaceutical

                1. Semi-Rigid

                2. Flexible

                1. Mineral

                2. Synthetic

9. Market scenario by region, sub-region, and country.
10. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
11. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
12. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Packaging Wax Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
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Reasons to Purchase the Packaging Wax Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.