Over the last few years, packaging solutions have made progress in terms of appearance, features, colors, and convenience. The primary purpose of packaging is to protect and preserve the product from any type of harm during the course of transit, consumption, and storage. Bottle sealing wax is a kind of packaging solution that has been traditionally used to keep products fresh for a longer period of time and to ensure that there is no scope for tampering or doctoring. However, these days, bottle sealing wax is primarily used for branding. Bottle sealing wax is actually an FDA-approved material for packaging. It does not only protect a product from deterioration, it also adds to the presentation of it. Bottle sealing wax is largely used as an aesthetic choice which creates an ultra-premium look for the product. This sealing wax is available in more than 300 standard colors -- the availability of varieties in color allows manufacturers to match color of the wax with the bottle or label design. In addition to this, brand owners and manufacturers can also enhance their branding by embossing their logo, image or brand name on the bottle. The bottle sealing wax provides a protective closure to the product. It gives a vintage feel and polished look to the product without the use of pricey components or materials.
Bottle Sealing Wax Market – Market Dynamics:
One of the significant factors that will contribute to the growth of the global bottle sealing wax market is the increasing disposable income of the middle income group and the developing tendency amongst high net-worth individuals to use premium packaged products. Another important factor that will contribute to the growth of the global bottle sealing wax market is the ease in availability of sealed wax products. This has been made possible by the progress made by the retail sector in terms of supermarket, hypermarket, and e-commerce. In addition to this, the handling efficiency required to open bottles without knives or cutter and with no foil cuts on the bottle will drive the growth for the global bottle sealing wax market. In addition to this, the introduction of a new line of bottle sealing wax referred to as “CalGlo” is also expected to drive growth for the global bottle sealing wax market. CalGlo wax glows in the absence of light which essentially sets apart the product from its competitor. However, the wide usage and variety of cap liners are expected to hinder the global bottle sealing wax market. Though the sealing wax is waterproof in nature, it is not waterproof against the action of alcohol which makes the sealing wax soft which results in dropping off of sealing wax. Moreover, additional cost to manufacturers and retailers in order to provide proper storage facility is expected to hamper the growth of the global bottle sealing wax market as the bottle sealing wax is too sensitive to climate influence and temperature variation. Furthermore, the technological advancement in terms of anti-counterfeit packaging solution is also expected to hinder the growth of global bottle sealing wax market as the secondary purpose of sealing wax is to validate the authenticity of the product.
Bottle Sealing Wax Market – Regional Outlook:
Geographically, the bottle sealing wax market can be segmented into North America, Latin America, Europe, Asia Pacific (APAC), and Middle East & Africa (MEA). The growth of the global bottle sealing wax market is expected to witness a steady CAGR over the forecast period of 2016-2024. North America is expected to be the biggest contributor in terms of value and volume. This will be made possible primarily by the increased disposable income as well as the growing standard of living. Moreover, the rise of the retail sector in India and China is expected to account for a significant market volume share of the global bottle sealing wax market in the Asia-Pacific region. These lucrative economies will contribute fairly to the growth of global bottle sealing wax market. Europe, on the other hand, is expected to occupy a significant market value share of the global bottle sealing wax market. This will be made possible by the huge consumption of alcoholic beverages.
Bottle Sealing Wax Market- Major Players:
Some of the major players identified across the globe in the bottle sealing wax market are
The British Wax Refining Company Ltd, Blended Waxes, Inc., Southwest Wax LLC, Oakbank Products Limited, The Darent Wax Company Ltd, Australian Wax Co, Brick Packaging LLC, Calwax, LLC, City Company Seals Ltd, and Jax Wax Pty Ltd.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Rest of Latin America)
- Europe (EU5 Countries, Nordic countries, BENELUX, Poland, Russia, Rest of Europe)
- APAC (China, India, ASEAN, Australia & New Zealand, Japan)
- MEA (GCC Countries, S. Africa, N. Africa)
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 in-depth analysis of parent market trends, macro-economic 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.
Bottle Sealing Wax Market – Market Segmentation:
The global bottle sealing wax market is segmented on the basis of product type, packaging type, and end use type
On the basis of product type, the global bottle sealing wax market is segmented into
On the basis of packaging type, the global bottle sealing wax market is segmented into
- manual sealing
- machine sealing
On the basis of end use, the global bottle sealing wax market is segmented into
- alcoholic beverages
- beauty care products
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.