The global waxed paper market is estimated to be valued at US$ 1,863.7 million in 2024. Global demand for waxed paper is predicted to rise at a steady CAGR of 4.8% throughout the forecast period. By 2034, the market is expected to reach US$ 2,991.8 million.
| Attributes | Key Insights |
|---|---|
| Base Value (2023) | US$ 1,796.3 million |
| Estimated Global Waxed Paper Market Size (2024E) | US$ 1,863.7 million |
| Projected Waxed Paper Market Value (2034F) | US$ 2,991.8 million |
| Value-based CAGR (2024 to 2034) | 4.8% |
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From 2019 to 2023, the global waxed paper market experienced a CAGR of 1.8%.
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The table presents the expected CAGR for waxed paper market over several semi-annual periods spanning from 2023 to 2034. In the first half (H1) of the decade from 2023 to 2033, the market is predicted to surge at a CAGR of 4.9%, followed by a slightly lower growth rate of 4.2% in the second half (H2) of the same decade.
Moving into the subsequent period, from H1 2024 to H2 2034, the CAGR is projected to increase to 5.1% in the first half and lower growth rate at 4.4% in the second half.
| Particular | Value CAGR |
|---|---|
| H1 | 4.9% (2023 to 2033) |
| H2 | 4.2% (2023 to 2033) |
| H1 | 5.1% (2024 to 2034) |
| H2 | 4.4% (2024 to 2034) |
The global waxed paper market is set to be impacted by the peer or tangential markets in the packaging industry. These include the parchment paper industry and the barrier-coated paper market.
Based on the latest analysis, the global parchment paper market is projected to rise at a higher CAGR than the other two related industries. This can be attributed to increasing adoption of parchment paper across diverse industries.
Waxed Paper Market:
| Attributes | Waxed Paper Market |
|---|---|
| CAGR (2024 to 2034) | 4.8% |
| Growth Factor | Customized waxed paper products are gaining popularity due to rising demand for unique packaging options, leading manufacturers to offer customization options like printing, branding, and embossing. |
| Key Trend | Waxed paper is gaining increasing popularity in QSR and food service applications due to its convenience and environmental friendliness, driven by growth of the food service sector. |
Parchment Paper Market:
| Attributes | Parchment Paper Market |
|---|---|
| CAGR (2024 to 2034) | 5.7% |
| Growth Factor | Health-conscious consumers are increasingly seeking healthier cooking and baking methods, with parchment paper being a preferred choice due to its non-toxic, non-stick surface. |
| Key Trend | The parchment paper market is experiencing a surging demand for sustainable, eco-friendly alternatives due to growing environmental concerns and a preference for biodegradable, recyclable materials. |
Barrier Coated Paper Market:
| Attributes | Barrier Coated Paper Market |
|---|---|
| CAGR (2024 to 2034) | 4.6% |
| Growth Factor | E-commerce growth is set to create opportunities for barrier-coated paper manufacturers to supply packaging materials for online retail channels, ensuring product freshness and protection during shipping and handling. |
| Key Trend | Technological advancements are driving barrier coating innovations, enhancing properties like moisture, grease, and oxygen resistance, leading manufacturers to invest in research and development. |
The table below shows the anticipated growth rates of several countries. India, Japan, and South Africa are expected to record high CAGRs of 8.2%, 7.0%, and 7.1%, respectively, through 2034.
| Countries | Value-based CAGR (2024 to 2034) |
|---|---|
| United States | 4.2% |
| Canada | 5.3% |
| Brazil | 4.4 % |
| Mexico | 5.1% |
| Germany | 2.4% |
| France | 3.9% |
| United Kingdom | 4.7% |
| China | 6.6% |
| India | 8.2% |
| Japan | 7.0% |
| GCC Countries | 5.0% |
| South Africa | 7.1% |
The waxed paper industry in the United States is expected to expand at a CAGR of 4.2%. Key factors supporting the market growth are:
The waxed paper market in Germany is expected to surge at a CAGR of 2.4% through 2034. This is attributable to a combination of factors, including:
South Africa is expected to surge at 7.1% CAGR through 2034. Top factors supporting the market expansion in the country include:
The waxed paper market in China is expected to surge at a CAGR of 6.6% by 2034. Emerging patterns in China are as follows:
India's waxed paper market is projected to surge at an 8.2% CAGR during the forecast period. Key factors driving the market growth are as follows:
The section offers profound insights into leading segments in the global waxed paper market. Based on product type, the greaseproof segment currently dominates the global market and is expected to surge at 3.9% CAGR through 2034. In terms of end-use, the food segment is anticipated to register a steady CAGR of 4.6% through 2034.
| Segment | Value CAGR (2024 to 2034) |
|---|---|
| Food (End-use) | 4.6% |
| Greaseproof (Product Type) | 3.9% |
Leading companies are embracing sustainability by incorporating recyclable and biodegradable features in waxed paper. They are adhering to global environmental trends to meet increasing demand for eco-friendly packaging. Key market players emphasize customization services such as custom printing, embossing, or branding on waxed paper products.
Leading companies also focus on developing innovative wax coatings with safe coating materials and enhanced properties. They are researching and developing proprietary coating technologies that provide superior performance.
Recent activities and developments implemented by leading players in the market
The global waxed paper market is estimated to reach US$ 1,863.7 million in 2024.
Global waxed paper demand is set to expand at 4.8% CAGR through 2034.
The global waxed paper market is anticipated to reach US$ 2,991.8 million by 2034.
Barrier and transfer-proof properties of waxed paper to maintain freshness of food.
Asia Pulp & Paper Group, Nordic Paper AS, and Metsä Group are the leading players.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Technology Roadmap 1.5. Future Market Insights (FMI) Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Key Market Trends 3.1. Key Trends Impacting the Market 3.2. Product Innovation / Development Trends 4. Key Success Factors 4.1. Product Adoption / Usage Analysis 4.2. Product USPs / Features 4.3. Strategic Promotional Strategies 4.4. Go-to-market Strategies 5. Global Market Demand Analysis 2019 to 2023 and Forecast, 2024 to 2034 5.1. Historical Market Volume (tons) Analysis, 2019 to 2023 5.2. Current and Future Market Volume (tons) Projections, 2024 to 2034 5.3. Y-o-Y Growth Trend Analysis 6. Global Market - Pricing Analysis 6.1. Country Wise Pricing Analysis By Thickness 6.2. Regional Pricing Analysis By Thickness 6.3. Global Average Pricing Analysis Benchmark 7. Global Market Demand (in Value or Size in US$ million) Analysis 2019 to 2023 and Forecast, 2024 to 2034 7.1. Historical Market Value (US$ million) Analysis, 2019 to 2023 7.2. Current and Future Market Value (US$ million) Projections, 2024 to 2034 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Market Background 8.1. Global Packaging Market Overview 8.2. In-house vs Contract Manufacturing Market Overview for Waxed Paper 8.3. Macro-Economic Factors 8.4. Forecast Factors - Relevance & Impact 8.5. Value Chain Analysis 8.5.1. Exhaustive List of Raw Material Suppliers 8.5.2. Exhaustive List of Manufacturers 8.5.3. Exhaustive List of End Users / Customers 8.6. Case-based Scenario - Impact Assessment 8.6.1. Current Statistics 8.6.2. Short-Mid-Long Term Outlook 8.6.3. Likely Rebound 8.7. Market Dynamics 8.7.1. Drivers 8.7.2. Restraints 8.7.3. Opportunity Analysis 8.8. Supply Demand Analysis 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Thickness 9.1. Historical Market Size (US$ million) and Volume (tons) Analysis, By Thickness, 2019 to 2023 9.2. Current and Future Market Size (US$ million) and Volume (tons) Analysis and Forecast, By Thickness, 2024 to 2034 9.2.1. Up to 50 GSM 9.2.2. 50 to 100 GSM 9.2.3. Above 100 GSM 9.3. Market Attractiveness Analysis, By Thickness 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ million) and Volume (tons) Analysis, By Product Type, 2019 to 2023 10.3. Current and Future Market Size (US$ million) and Volume (tons) Analysis and Forecast, By Product Type, 2024 to 2034 10.3.1. Wax Coated 10.3.2. Greaseproof 10.3.3. Silicone Coated 10.3.4. Colored Paper 10.4. Market Attractiveness Analysis, By Product Type 11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Paper Grade 11.1. Introduction / Key Findings 11.2. Historical Market Size (US$ million) and Volume (tons) Analysis, By Paper Grade, 2019 to 2023 11.3. Current and Future Market Size (US$ million) and Volume (tons) Analysis and Forecast, By Paper Grade, 2024 to 2034 11.3.1. Bleached 11.3.2. Unbleached 11.4. Market Attractiveness Analysis, By Paper Grade 12. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Applications 12.1. Introduction / Key Findings 12.2. Historical Market Size (US$ million) and Volume (tons) Analysis, By Applications, 2019 to 2023 12.3. Current and Future Market Size (US$ million) and Volume (tons) Analysis and Forecast, By Applications, 2024 to 2034 12.3.1. Printing 12.3.2. Packaging 12.4. Market Attractiveness Analysis, By Applications 13. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use 13.1. Introduction / Key Findings 13.2. Historical Market Size (US$ million) and Volume (tons) Analysis, By End Use, 2019 to 2023 13.3. Current and Future Market Size (US$ million) and Volume (tons) Analysis and Forecast, By End Use, 2024 to 2034 13.3.1. Food 13.3.1.1. Ready to Eat Food 13.3.1.2. Bakery & Confectionery 13.3.1.3. Dairy Products 13.3.1.4. Other Food 13.3.2. Other Industrial 13.4. Market Attractiveness Analysis, By End Use 14. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 14.1. Introduction / Key Findings 14.2. Historical Market Size (US$ million) and Volume (tons) Analysis, By Region, 2019 to 2023 14.3. Current and Future Market Size (US$ million) and Volume (tons) Analysis and Forecast, By Region, 2024 to 2034 14.3.1. North America 14.3.2. Latin America 14.3.3. East Asia 14.3.4. South Asia 14.3.5. Europe 14.3.6. Middle East and Africa 14.3.7. Oceania 14.4. Market Attractiveness Analysis, By Region 15. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 15.1. Introduction / Key Findings 15.2. Historical Market Size (US$ million) and Volume (tons) Analysis by Market Taxonomy, 2019 to 2023 15.3. Current Market Size (US$ million) and Volume (tons) Analysis and Forecast by Market Taxonomy, 2024 to 2034 15.3.1. By Country 15.3.1.1. United States 15.3.1.2. Canada 15.3.2. By Thickness 15.3.3. By Product Type 15.3.4. By Paper Grade 15.3.5. By Applications 15.3.6. By End Use 15.4. Market Attractiveness Analysis 15.4.1. By Country 15.4.2. By Thickness 15.4.3. By Product Type 15.4.4. By Paper Grade 15.4.5. By Applications 15.4.6. By End Use 16. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 16.1. Introduction / Key Findings 16.2. Historical Market Size (US$ million) and Volume (tons) Analysis by Market Taxonomy, 2019 to 2023 16.3. Current Market Size (US$ million) and Volume (tons) Analysis and Forecast by Market Taxonomy, 2024 to 2034 16.3.1. By Country 16.3.1.1. Brazil 16.3.1.2. Mexico 16.3.1.3. Argentina 16.3.1.4. Rest of Latin America 16.3.2. By Thickness 16.3.3. By Product Type 16.3.4. By Paper Grade 16.3.5. By Applications 16.3.6. By End Use 16.4. Market Attractiveness Analysis 16.4.1. By Country 16.4.2. By Thickness 16.4.3. By Product Type 16.4.4. By Paper Grade 16.4.5. By Applications 16.4.6. By End Use 17. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 17.1. Introduction / Key Findings 17.2. Historical Market Size (US$ million) and Volume (tons) Analysis by Market Taxonomy, 2019 to 2023 17.3. Current Market Size (US$ million) and Volume (tons) Analysis and Forecast by Market Taxonomy, 2024 to 2034 17.3.1. By Country 17.3.1.1. China 17.3.1.2. Japan 17.3.1.3. South Korea 17.3.1.4. Rest of East Asia 17.3.2. By Thickness 17.3.3. By Product Type 17.3.4. By Paper Grade 17.3.5. By Applications 17.3.6. By End Use 17.4. Market Attractiveness Analysis 17.4.1. By Country 17.4.2. By Thickness 17.4.3. By Product Type 17.4.4. By Paper Grade 17.4.5. By Applications 17.4.6. By End Use 18. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 18.1. Introduction / Key Findings 18.2. Historical Market Size (US$ million) and Volume (tons) Analysis by Market Taxonomy, 2019 to 2023 18.3. Current Market Size (US$ million) and Volume (tons) Analysis and Forecast by Market Taxonomy, 2024 to 2034 18.3.1. By Country 18.3.1.1. India 18.3.1.2. ASEAN 18.3.1.3. Rest of South Asia 18.3.2. By Thickness 18.3.3. By Product Type 18.3.4. By Paper Grade 18.3.5. By Applications 18.3.6. By End Use 18.4. Market Attractiveness Analysis 18.4.1. By Country 18.4.2. By Thickness 18.4.3. By Product Type 18.4.4. By Paper Grade 18.4.5. By Applications 18.4.6. By End Use 19. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034 19.1. Introduction / Key Findings 19.2. Historical Market Size (US$ million) and Volume (tons) Analysis by Market Taxonomy, 2019 to 2023 19.3. Current Market Size (US$ million) and Volume (tons) Analysis and Forecast by Market Taxonomy, 2024 to 2034 19.3.1. By Country 19.3.1.1. Germany 19.3.1.2. France 19.3.1.3. Spain 19.3.1.4. Italy 19.3.1.5. United Kingdom 19.3.1.6. BENELUX 19.3.1.7. Nordics 19.3.1.8. Russia 19.3.1.9. Poland 19.3.1.10. Rest of Europe 19.3.2. By Thickness 19.3.3. By Product Type 19.3.4. By Paper Grade 19.3.5. By Applications 19.3.6. By End Use 19.4. Market Attractiveness Analysis 19.4.1. By Country 19.4.2. By Thickness 19.4.3. By Product Type 19.4.4. By Paper Grade 19.4.5. By Applications 19.4.6. By End Use 20. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034 20.1. Introduction / Key Findings 20.2. Historical Market Size (US$ million) and Volume (tons) Analysis by Market Taxonomy, 2019 to 2023 20.3. Current Market Size (US$ million) and Volume (tons) Analysis and Forecast by Market Taxonomy, 2024 to 2034 20.3.1. By Country 20.3.1.1. GCC Countries 20.3.1.2. Egypt 20.3.1.3. Israel 20.3.1.4. South Africa 20.3.1.5. Northern Africa 20.3.1.6. Rest of Middle East and Africa 20.3.2. By Thickness 20.3.3. By Product Type 20.3.4. By Paper Grade 20.3.5. By Applications 20.3.6. By End Use 20.4. Market Attractiveness Analysis 20.4.1. By Country 20.4.2. By Thickness 20.4.3. By Product Type 20.4.4. By Paper Grade 20.4.5. By Applications 20.4.6. By End Use 21. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034 21.1. Introduction / Key Findings 21.2. Historical Market Size (US$ million) and Volume (tons) Analysis by Market Taxonomy, 2019 to 2023 21.3. Current Market Size (US$ million) and Volume (tons) Analysis and Forecast by Market Taxonomy, 2024 to 2034 21.3.1. By Country 21.3.1.1. Australia 21.3.1.2. New Zealand 21.3.2. By Thickness 21.3.3. By Product Type 21.3.4. By Paper Grade 21.3.5. By Applications 21.3.6. By End Use 21.4. Market Attractiveness Analysis 21.4.1. By Country 21.4.2. By Thickness 21.4.3. By Product Type 21.4.4. By Paper Grade 21.4.5. By Applications 21.4.6. By End Use 22. Country wise Market Analysis 2024 to 2034 22.1. United States Market Analysis 22.1.1. By Thickness 22.1.2. By Product Type 22.1.3. By Paper Grade 22.1.4. By Applications 22.1.5. By End Use 22.2. Canada Market Analysis 22.2.1. By Thickness 22.2.2. By Product Type 22.2.3. By Paper Grade 22.2.4. By Applications 22.2.5. By End Use 22.3. Brazil Market Analysis 22.3.1. By Thickness 22.3.2. By Product Type 22.3.3. By Paper Grade 22.3.4. By Applications 22.3.5. By End Use 22.4. Mexico Market Analysis 22.4.1. By Thickness 22.4.2. By Product Type 22.4.3. By Paper Grade 22.4.4. By Applications 22.4.5. By End Use 22.5. Germany Market Analysis 22.5.1. By Thickness 22.5.2. By Product Type 22.5.3. By Paper Grade 22.5.4. By Applications 22.5.5. By End Use 22.6. United Kingdom Market Analysis 22.6.1. By Thickness 22.6.2. By Product Type 22.6.3. By Paper Grade 22.6.4. By Applications 22.6.5. By End Use 22.7. Spain Market Analysis 22.7.1. By Thickness 22.7.2. By Product Type 22.7.3. By Paper Grade 22.7.4. By Applications 22.7.5. By End Use 22.8. France Market Analysis 22.8.1. By Thickness 22.8.2. By Product Type 22.8.3. By Paper Grade 22.8.4. By Applications 22.8.5. By End Use 22.9. China Market Analysis 22.9.1. By Thickness 22.9.2. By Product Type 22.9.3. By Paper Grade 22.9.4. By Applications 22.9.5. By End Use 22.10. Japan Market Analysis 22.10.1. By Thickness 22.10.2. By Product Type 22.10.3. By Paper Grade 22.10.4. By Applications 22.10.5. By End Use 22.11. India Market Analysis 22.11.1. By Thickness 22.11.2. By Product Type 22.11.3. By Paper Grade 22.11.4. By Applications 22.11.5. By End Use 22.12. Australia Market Analysis 22.12.1. By Thickness 22.12.2. By Product Type 22.12.3. By Paper Grade 22.12.4. By Applications 22.12.5. By End Use 22.13. GCC Countries Market Analysis 22.13.1. By Thickness 22.13.2. By Product Type 22.13.3. By Paper Grade 22.13.4. By Applications 22.13.5. By End Use 22.14. Russia Market Analysis 22.14.1. By Thickness 22.14.2. By Product Type 22.14.3. By Paper Grade 22.14.4. By Applications 22.14.5. By End Use 23. Market Structure Analysis 23.1. Market Analysis by Tier of Companies 23.2. Market Share Analysis of Top Players 23.3. Market Presence Analysis 24. Competition Analysis 24.1. Competition Dashboard 24.2. Competition Benchmarking 24.3. Competition Deep Dive/ Portfolio Analysis (Global Based/Operating Key Market Players) 24.3.1. Georgia-Pacific Consumer Products LP 24.3.1.1. Overview 24.3.1.2. Product Portfolio 24.3.1.3. Profitability by Market Segments (Product/Paper Grade/Region) 24.3.1.4. Sales Footprint 24.3.1.5. Strategy Overview 24.3.2. Pixelle Speciality Solutions 24.3.3. RP Paper Impex 24.3.4. Nordic paper 24.3.5. Asia Pulp & Paper Group 24.3.6. MPI Papermills Inc. 24.3.7. Ahlstrom-Munksjo Oyj 24.3.8. Reynolds Group 24.3.9. Delfort Group Ag 24.3.10. Cosmoplast 24.3.11. JK Paper Ltd 24.3.12. Drewsen Spezialpapiere GmbH & Co. KG 24.3.13. Metsä Group 24.3.14. Vizille paper mills 24.3.15. Sun Pack Corporation 24.3.16. Segezha Group 24.3.17. Pregis LLC 24.3.18. SIMPAC Inc 24.3.19. KRPA Holding CZ a.s. 24.3.20. Napco National 24.3.21. The Griff Network 24.3.22. BiOrigin Specialty Products (BSP) *The above list is indicative in nature and is subject to change during the course of research 25. Assumptions and Acronyms Used 26. Research Methodology
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Waxed Paper Market
