What is Paraffin Paper Market?
Paraffin paper is also called a wax paper. It is the paper that has been made moisture-proof through the application of wax. This coating enables to hold liquid and provide non sticking surface. The paraffin paper is commonly used in cooking as it has non-stick properties, and wrapping food for storage, such as cookies. It keeps water out or in. In addition, it is also used in arts and crafts. However, paraffin paper is not recommended for baking use as it will cause smoke.
The market study is being classified by Type (Waxed brown crepe, Waxed anti-corrosion paper, Waxed Kraft paper and Anti-slip paper) and major geographies with country level break-up.
Dunn Paper (United States), Interplast (United States), Paradise Packaging (India), Navbharat Industries (India), Grantham Manufacturing (United Kingdom), Seaman Paper (United States), Framarx/Waxstar (United States), BPM Inc. (United States), MPI Papermills (Canada), Sunpack Corporation (India) and Handy Wacks (United States) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Paraffin Paper market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Paraffin Paper market by Type, Application and Region.
On the basis of geography, the market of Paraffin Paper has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Preference for Waxed Paper Packaging for Cost Effective Nature
- Biodegradable Nature of Wax Paper
Market Trend
- Growing Usage of Wax Paper in Electrical and Electronics Applications
- Increasing Demand from Food and Beverage Sector
Restraints
- Presence of Petroleum Additives may Hamper the Market
Opportunities
- Growth in Global Textile Industry
- Increasing Preference for Waxed Paper Packaging for Cost Effective Nature
Challenges
- Non-Recyclable Nature of Paraffin Paper
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organisations and Others