Anti-CounterfeitPackaging Market Size And Forecast
Anti-CounterfeitPackaging Market size was valued at $103.111 Billion in 2020 and is projectedto reach $250.74 Billion in 2028, growing at a CAGR of 11.75% from 2021to 2028.

Theglobal Anti-Counterfeit Packaging Market is growing at a higher pace owing tothe increasing adoption of such packaging primarily by pharmaceutical companiesacross the globe. Besides, rising consumer awareness pertaining to the harmfuleffects of spurious goods and increasing concerns regarding the dilution ofbrand identity is also expected to drive growth. The Global Anti-CounterfeitPackaging Market report provides a holistic evaluation of the market. Thereport offers a comprehensive analysis of key segments, trends, drivers,restraints, competitive landscape, and factors that are playing a substantialrole in the market.

GlobalAnti-Counterfeit Packaging Market Definition
Packagingplays a vital part in different industries such as food and pharmaceuticals.Counterfeits refer to unapproved reproductions of a trademarked label that arethe same as genuine products. Counterfeit products are frequently produced withthe purpose to take benefit of the excellent value of the counterfeitedproduct. Counterfeit goods include clothing, jewelry, medications, cigarettes,electronic equipment, and others. Secure packaging is highly Candle Market Size And Forecast
CandleMarket size was valued at USD 7.15 Billion in 2020 and is projected toreach USD 13.38 Billion by 2028, growing at a CAGR of 8.2% from 2021 to2028.

Increasingdemand for candles for decoration of houses and offices and in celebratingfestivals like Diwali and Christmas, which is another major factor driving thismarket. Moreover, the increasing disposable incomes and changing lifestyles ofconsumers have enabled them to spend more money on candles with better shapesand exotic aromas, which is also boosting this global market. High consumptionof candles as an aesthetic-appealing product among female millennials forhousehold application is anticipated to drive the growth. Furthermore, thecommercial utility of candles has been witnessing a rise, with the majority ofspa and massage centers using scented candles for a soothing effect. Similarly,restaurants and fine dines are increasingly using the product to create abeautiful and aromatic ambiance for the customers. The Global Candle Marketreport provides a holistic evaluation of the market. The report offers acomprehensive analysis of key segments, trends, drivers, restraints,competitive landscape, and factors that are playing a substantial role in themarket.

GlobalCandle Market Definition
Acandle is an ignitable wick that is made up of wax that provides light. Candleswere initially used as a source of light but nowadays, they are a symbol ofcelebration. It signifies aroma, soothes the senses, defines a ceremony andevents, and many more. Candles are available in various shapes, sizes, designs,and colors which include votive, pillars, tea lights, cartridge candles,birthday candles, wax-filled container candles, and others. Candles aremanufactured from various kinds of waxes such as soy wax, beeswax, palm wax,paraffin, and others. Among these, paraffin wax is the most widely used rawmaterial in the production of candles. The alternatives of paraffin wax candlesare also available such as the candles made up of organic wax.

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GlobalCandle Market Overview
Inthe report, the market outlook section mainly encompasses fundamental dynamicsof the market which include drivers, restraints, opportunities, and challengesfaced by the industry. Drivers and restraints are intrinsic factors whereasopportunities and challenges are extrinsic factors of the market.

Theglobal Candle Market is expected to witness significant growth over theforecast time period, owing to increasing applications of candles. Candles arealso used for the decoration of houses and offices and in celebrating festivalslike Diwali and Christmas, which is another major factor driving this market.Moreover, the increasing disposable incomes and changing lifestyles ofconsumers have enabled them to spend more money on candles with better shapesand exotic aroma, which is also boosting this global market.

Candleshave an aesthetic appeal that creates its demand among females and thus drivesthe market. Independent brands, fashion houses, and beauty retailers are focusingon launching new products to attract a larger customer base simultaneouslysatisfying the existing ones. The commercial value of candles has seensignificant growth over the years, with the onset of massage centers and spasthat use scented candles for a mild atmosphere. Similarly, fine dines andrestaurants use candles for an aromatic and beautiful ambiance.

Thedemand for organic candles has increased considerably for natural wax over theyears. This is due to their non-carbon blackening effect. Moreover, theincreasing awareness among the people for the negative impact of burningcandles on the environment is motivating them to aim at lowering carbonfootprint, thus further driving the demand for such candles.

However,the presence of a large number of unorganized candle manufacturers may hamperthe Candle Market globally. Synthetic candles made up of contaminated oil, leadwicks, and synthetic fragrances cause indoor air pollution whichconsequentially leads to respiratory and other health issues. Alternatively,the rising popularity of environment-friendly and decorative candles areexpected to generate new opportunities for the Candle Market in the future.

VerifiedMarket Research narrows down the available data using primary sources tovalidate the data and use it in compiling a full-fledged market research study.The report contains a quantitative and qualitative estimation of marketelements that interests the client. The “Global Candle Market” is mainlybifurcated into sub-segments which can provide classified data regarding thelatest trends in the market.

GlobalCandle Market: Segmentation Analysis
GlobalCandle Market is Segmented Based on Product, Wax, And Geography.

CandleMarket, By Product
•Container Candle
• Pillars
• Votive
• Tapers
• Others

Basedon Product, the market is segmented into Votive, Container Candle, Pillars,Tapers, and Others. The votive division accounted for the highest market share,in 2019 due to its slow-burning capacity. These are about 5 cm tall with awidth of 4 cm and are available in a variety of colors like red, pink, yellow,purple, black, and many more. These are kept on a glass holder to make themmore aesthetic during lighting. Pillar forms are projected to register thefastest CAGR for the period of 2020 to 2027, owing to their rising demand inparties and get-togethers. The longer burning capacity confirms a minimalreplacement cost. They also have applications in interior decorations. Unlikethe votive segment, holders aren’t required for them and are smokeless. Pillarforms can burn an inch of it for about one hour.

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CandleMarket, By Wax
•Soy Wax
• Paraffin
• Palm Wax
• Beeswax
• Others

Basedon Wax, the market is bifurcated into Paraffin, Soy Wax, Beeswax, Palm Wax, andOthers. Paraffin held the largest market share for the year 2019, owing to itsability to mold into different shapes and a low cost. It is a petroleumby-product and is water-resistant, significantly used for producing floatingcandles. Moreover, the semi-translucent and colorless feature allows includingcolors giving it a decorative look. Soy wax division is expected to grow at asignificant CAGR over the forecast period. The wax is made up of a naturalresource, and soybean with reduced carbon footprints. Soy burns slowly due toits high melting point, thus providing a long-lasting fragrance.

CandleMarket, By Geography
•North America
• Europe
• Asia Pacific
• Rest of the world

Basedon regional analysis, the Global Candle Market is classified into NorthAmerica, Europe, Asia Pacific, and the Rest of the world. North America was thelargest market, accounting for the largest CAGR of the global revenue share in2019. The region is expected to continue leading in the near future attributedto increasing product demand during the festive seasons such as Easter and Christmas.High demand for the product for the purpose of family gatherings, fine dining,and beauty and spa is anticipated to positively influencing the growth. Europeis the dominating region in the global Candle Market and is expected to witnesssubstantial growth over the forecast time period as well. This region is mostlydominated by the Christian population, which uses votive candles. The AsiaPacific Candle Market is expected to witness maximum growth in the future,owing to a large number of festivals celebrated across the region allyear-round, especially in India.

KeyPlayers
The“Global Candle Market” study report will provide a valuable insight with anemphasis on global market including some of the major players such as Yankee Candles, Thymes, White BarnCandles, Jo Malone, Village Candles, NEST, Slatkin & Co, Malin + Goetz,Colonial Candle, Diptyque.

Ourmarket analysis also entails a section solely dedicated to such major playerswherein our analysts provide an insight into the financial statements of allthe major players, along with its product benchmarking and SWOT analysis. Thecompetitive landscape section also includes key development strategies, marketshare, and market ranking analysis of the above-mentioned players globally.

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