Wax paper (also waxed paper or paraffin paper) is paper that has been made moisture-proof through the application of wax. The practice of oiling parchment or paper in order to make it semi-translucent or moisture-proof goes back at least to the middle ages. Paper impregnated or coated with purified beeswax was widely used throughout the 19th century to retain or exclude moisture, or to wrap odorous products.
Natural wax was largely replaced for the making of wax paper (or paraffin paper) after being developed in ways of purifying paraffin and coating paper with it. Wax paper is commonly used in cooking for its non-stick properties, and wrapping food for storage, such as cookies, as it keeps water out or in. It is also used in arts and crafts.
Ozokerite or ozocerite, archaically referred to as earthwax or earth wax, is a naturally occurring odoriferous mineral wax or paraffin found in many localities. Mineral waxes like ozokerite are mined for at various sites around the globe. On distillation this type of mineral wax with steam, it results in the formation of commercially valuable wax, used for laminating paper packaging. Mining of minerals which produce wax has fallen and has been replaced by paraffins produced from petroleum.
For decades, wax paper was used as a common wrapping for sports card packages (Oh-Pee-Chee, Topps, Donruss, etc.). It was notorious for leaving wax markings on the back card where the wax paper was heated to be sealed. Wax paper was used as a way to keep the enclosed piece of bubble gum protected.
The flexible wax packaging market report is classified into four major categories namely market by product type, by wax type, by packaging type, and by end use industry. Each segment is further divided into sub-segments for the overall analysis and understanding of the market. These segments are subsequently followed by geographical classification i.e. North America, Europe, APAC and RoW which are studied under the scope of report.
The market is growing subsequently because of the increasing demand from food and beverages sector. Cartons and boxes are widely used for packaging fruits, vegetables and various beverages; this is one of the reasons for the growth of this industry. Waxed paper packaging products are hydrophobic in nature which prevents humidity, water and grease to come in contact with the packed goods. Waxed paper packaging products with their high gloss value and semitransparent nature gives food products a high quality image. Food packaging market predominantly for the application of sweets, confectioneries, baked goods and dairy products have fuelled the demand for waxed paper packaging products.
However, waxed paper packaging materials cannot be used for packaging of all kinds of food products which restricts the market potential for wax paper packaging market. Moreover, waxed paper packaging material require ventilation and low temperature in order to be maintained in proper condition.
The North American region held the highest share of XX% in 2016 and is estimated to reach $xx billion by 2021 growing at a CAGR of XX%. Europe will closely follow America in the forecast period 2017-21. Asia-Pacific is expected to growing at the highest CAGR of XX%. Some of the key players in this market include Cellpack Corporation, Beck Pack Systems A/S, Cham Paper Group Italia SpA and many more. These companies are steadily focusing on expanding their production capacity to achieve a competitive advantage thus improving their customer’s service. The huge investments in R&D, followed by large expansions in the manufacturing units were the most preferred strategies by the top players in 2016.