Bottle sealing wax is a kind of packaging solution which is used since a long time in order to preserve the freshness and flavour of the product and also to make sure that no damage takes place. There is a wide range of sealing wax available in different colours which can be used precisely for bottles.
The factors that propel the growth of the global Bottle Sealing Wax market include rising disposable income and increased usage of superior packaged products. Also, sealed wax products are easily obtainablein supermarket, hypermarket, and e-commerce. In addition, handling efficacy needed to open bottles devoid of knives or cutter and with no foil cuts on the bottle will fuel the growth for the global Bottle Sealing Wax market.
Furthermore, the launch of an innovative line of bottle sealing wax known as “CalGlo” is also projected to propel the growth of the global Bottle Sealing Wax market. CalGlo wax exhibits an outstanding feature that is it glows in the absence of light which makes it different from other products.
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On the other hand, there are also factors that hamper the growth of the market such as extensive use and range of cap liners. In addition, technological innovation in terms of anti-counterfeit packaging solution is also estimated to restraint growth of market. Moreover, extra budget to retailers as well as manufacturers in order to provide appropriate storage facility is also hampering the growth of Bottle Sealing Wax market.
The global Bottle Sealing Wax market is classified on the basis of product type, packaging type, end use type and geography. On the basis of product type, the global Bottle Sealing Wax market is classified as beads and bricks. On the basis of packaging type, the global Bottle Sealing Wax market is classified as manual sealing and machine sealing. On the basis of end use, the global Bottle Sealing Wax market is classified as alcoholic beverages and beauty care products. Among the end user, alcoholic beverages industry is estimated to hold a major share of the global Bottle Sealing Wax market. On the basis of geography, the global Bottle Sealing Wax market is classified as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
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