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Bottle Sealing Wax Market future trend and growth opportunities over the forecast timeframe

Author : Rahul Varpe | Published Date : 2019-07-04 

People in developed and developing countries are moving towards the usage of premium packaged products. This trend is primarily dictated by the rising disposable income of the people. Another vital factor promoting the bottle sealing wax market growth is the ease of availability of wax sealing materials, owing to the rapid development in the retail sector with regard to hypermarket, supermarket and e-commerce.

Apart from that, bottle sealing wax can be easily opened without any crack or crumble, which enhances the overall handling efficiency of the product and will drive the product demand in near future.

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Bottle Sealing Wax Market is growing rapidly due to growing product demand in the packaging of alcoholic beverages and cosmetics. Additionally, rising spending income coupled with the shifting consumer trend towards better packaged product will drive the demand of bottle sealing wax.

Wax sealings for bottles have been used traditionally to maintain the flavor & freshness of the product for longer period and to warrant the product safety. The application of bottle sealing wax is not only restricted to alcohol beverages, but can also be used for sealing syrup, honey, perfumes, sauce, oil, etc.

Being a packaging material approved by FDA, bottle wax sealing is now emphasized for branding of the product. It is available in various color grades which provides a choice of matching the color of bottle, label and seal to ensure a premium-look. Manufacturers also provide variations for embossing wax with image or logo to provide a personalized look to the product. Product innovations in the market such as “CalGlo” bottle sealing wax product line, which glows in the dark, provides a differential look to the product and will prosper the development of bottle wax sealing market.

 

Based on region, the market is segmented into Europe, North America, Asia Pacific, Middle East & Africa, and Latin America. The regional segment will be dominated by North America and Europe region due to high standard of living and higher disposable incomes. European countries are known for higher alcohol production consumption levels which will drive the regional bottle sealing wax market. Asia Pacific region is likely to witness a high growth rate in the coming years due to extensive use of wax in the rapidly growing regional packaging industry along with escalating retail sector.

Some key market players of bottle sealing wax market the Darent Wax Co. Ltd, Australian Wax Company, Brick Packaging, The British Wax Refining Co. Ltd, Southwest Wax LLC, Blended Waxes, Inc., GW Kent, Oakbank Products Ltd, Tabo, Calwax, LLC, Cortica Benicia and Jax Wax.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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