The global bottle sealing wax market is expected to witness substantial growth on accounts of rising disposable income and increased usage of superior packaged products. Also, sealed wax products are easily obtainable in supermarket, hypermarket, and e-commerce. In addition, handling efficacy needed to open bottles devoid of knives or cutter and with no foil cuts on the bottle will fuel the growth for the global Bottle Sealing Wax market.
Bottle sealing wax is a kind of packaging solution which is used since a long time in order to preserve the freshness and flavour of the product and also to make sure that no damage takes place. There is a wide range of sealing wax available in different colours which can be used precisely for bottles.
Furthermore, the launch of an innovative line of bottle sealing wax known as “CalGlo” is also projected to propel the growth of the global Bottle Sealing Wax market. CalGlo wax exhibits an outstanding feature that is it glows in the absence of light which makes it different from other products.
On the other hand, there are also factors that hamper the growth of the market such as extensive use and range of cap liners. In addition, technological innovation in terms of anti-counterfeit packaging solution is also estimated to restraint growth of market. Moreover, extra budget to retailers as well as manufacturers in order to provide appropriate storage facility is also hampering the growth of bottle sealing wax market.
The global Bottle Sealing Wax market is classified on the basis of product type, packaging type, end use, type, and geography. On the basis of product type, the global market is classified as beads and bricks. On the basis of packaging type, the global market is classified as manual sealing and machine sealing. On the basis of end use, the global market is classified as alcoholic beverages and beauty care products. Among the end use, the alcoholic beverages industry is estimated to hold a major share of the global market. On the basis of geography, the global market is classified as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North America region comprises the U.S. and Canada. Latin America region comprises Mexico, Brazil, and Rest of Latin America. The European region comprises EU5 Countries, Nordic countries, BENELUX, Poland, Russia, and Rest of Europe. Asia Pacific region comprises China, India, ASEAN, Australia & New Zealand, and Japan. The Middle East & Africa region comprises GCC Countries, South Africa, and North Africa.
In case of geographical region, North America dominates a major share of the global bottle sealing wax market. The factors that attribute to the major share of this region is due to the increased disposable income along with the rising standard of living.
In addition, the Asia Pacific region is estimated to hold a significant share in the global bottle sealing wax market owing to the growth of the retail sector in countries such as India and China. On the other hand, Europe is also projected to account for a noteworthy share of the global market owing to the high intake of alcoholic beverages.
Some of the prominent players that fuel the growth of the global Bottle Sealing Wax market include Australian Wax Co, Brick Packaging LLC, Calwax, LLC, City Company Seals Ltd, The British Wax Refining Company Ltd, Blended Waxes, Inc., The Darent Wax Company Ltd, Southwest Wax LLC, Oakbank Products Limited, and Jax Wax Pty Ltd.
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