The global wine bottle sealing wax market size is anticipated to grow at a significant rate owing to the increasing consumption of observes Fortune Business Insights™ in its report, Wine bottle sealing wax is primarily used for sealing bottles. Its primary application is to preserve the contents of a corked bottle. Using wax is one of the traditional ways of sealing wine bottles as it offers numerous benefits compared to the other conventional materials such as cork and tin sheath. These benefits include creating moisture barrier, keeping contaminants out, providing a durable seal, and personalizing the bottle’s exterior.
Highlights of the report:
- Tracking of competitive developments, such as expansions, mergers & acquisitions, collaborations, partnerships, agreements, and new product developments
- In-depth analysis of the competitive landscape for renowned players
- Detailed information about micro markets with respect to contributions, prospects, and trends
- Study of core competencies of major players and their market share to anticipate the degree of competition
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Promising Health Benefits of Wine Consumption to Drive the Market for Wine Bottle Sealing Wax
The growing consumption of beverages, such as wine and whiskey, is driving the global wine bottle sealing wax market. Increasing awareness regarding the benefits of wine consumption including prevention against sunburn, anti-aging effect, and improved brain health is boosting the demand for wine. This is ultimately driving the market for wine bottle sealing wax. In addition, increasing disposable income of people around the world has resulted in growing consumption, which is expected to further drive the market growth.
High Disposable Income and Spending Power in North America to Help the Region Dominate the Market
- North America is estimated to dominate the market for wine bottle sealing wax owing to the rising disposable income of people in the region and their substantial spending power on lifestyle
- The European countries including Belarus, France, Russia, and Italy are the highest consumers of drinks and are expected to showcase a significant growth in the wine bottle sealing wax market
- Asia Pacific is expected to show a considerable growth owing to the growing retail sector in the region
- Latin America and Middle East and Africa are expected to witness sluggish growth by the end of the forecast period
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Key Players Assessment in this Research:
- The report offers detailed analysis of leading companies in the market across the globe.
- It provides details of the major vendors involved in this market
- A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
- The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
- The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
Personalization of Bottle Exteriors to Help Key Players Expand their Product Portfolio
Key players in the global wine bottle sealing wax market are focusing on personalization of bottle exteriors. The aesthetic appeal provided by sealing wax coupled with customized exterior is helping the companies expand their product portfolios with a premium line of products. In addition, they are identifying new opportunities of gaining market share from competition such as screw caps.
In July 2016, REMET Corporation acquired the property of 22635 sq. ft. area in Phoenix to produce specialty wax and candles. This acquisition will help the company to expand its operations in Phoenix.
List of Key Players Covered in the Global Wine Bottle Sealing Wax Market Report:
- Australian Wax Co.
- The British Wax Refining Company Ltd.
- Oakbank Products Limited
- Southwest Wax LLC
- Westech Wax
- Calwax LLC
- REMET Corporation
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