Lucintel Forecasts the Global Wax Paper Packaging Market to Reach $6 Billion by 2030
Lucintel Forecasts the Global Wax Paper Packaging Market to Reach $6 Billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global wax paper packaging market looks promising with opportunities in the food & beverage, cosmetic & toiletry, and industrial packaging markets. The global wax paper packaging market is expected to reach an estimated $6 billion by 2030 from $4 billion in 2024 at a CAGR of 6.8% from 2024 to 2030. The major drivers for this market are increasing demand for eco-friendly packaging solutions, rising awareness about food safety and hygiene fosters the use of wax paper for food packaging applications, and growing preference for sustainable and biodegradable packaging materials.
A more than 150-page report to understand trends, opportunity and forecast in global wax paper packaging market to 2030 by type (natural wax and mineral wax), application (food & beverages, cosmetics & toiletries, industrial packaging, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the type category, natural wax is expected to witness higher growth over the forecast period.
Within the application category, food and beverage will remain the largest segment.
In terms of regions, APAC is expected to witness the highest growth over the forecast period.
Mondi, Sonoco Products Company, Sealed Air, Huhtamaki Oyj, Sappi, DS Smith, Coveris are the major suppliers in the wax paper packaging market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056