According to Qualiket Research, the Waxed paper packaging is called as applying wax coating to the paper. Waxed paper packaging is used to prevent humidity, grease, and moisture and also to improve shelf life of products. Waxed paper packaging is based on renewable sources and it is eco-friendly packaging technique.
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Market Drivers:
· Rise in demand for wax paper packaging in food and beverages industry is the key driving factor which is expected to boost the global waxed paper packaging market growth. Food products improve the appearance and quality with waxed paper packaging due to its semi transparent nature. Also, high demand for waxed paper packaging in dairy products, confectioneries, baked food products, and sweets which is expected to propel the global waxed paper packaging market growth.
· The advantage of using waxed paper packaging is that owing to its hydrophobic nature it prevents the products from humidity, grease, and moisture. Moreover, waxed paper packaging is used to improve shelf life of product will have the positive impact on global waxed paper packaging industry.
Key players:
· Petronum, City Co Seals Ltd., Ausiliari Tessili SRL, Mil-Spec Packaging of GA, Carlotte Packaging Ltd, Griff Paper and Film, CGP Coating Innovation Sierra Coating, Nicholas Paper Co, EuroWaxPack, and Grantham Manufacturing Ltd.
Market Trends:
· The growing awareness of environmental issues is driving the demand for eco-friendly packaging solutions, such as waxed paper, which is biodegradable and non-toxic.
· The rise of food delivery services is contributing to the growth of the waxed paper market, as companies seek durable and sustainable packaging solutions.
· The growth of e-commerce is driving the demand for packaging solutions that offer product protection, branding, and sustainability.
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