Global Honeycomb Packaging Market To Grow at 6% CAGR with Top Key Companies - BASF SE, PCA, Sealed Air, Sonoco Products, Smurfit Kappa, HUHTAMAKI GROUP, WestRock

Global Honeycomb Packaging Market Report By Packaging Type (Exterior Packaging, Interior Packaging, Pallets, and Others), By End-use Industry (Automotive, Consumer Goods, Food and Beverages, Furniture, Industrial Goods and Others) and By Region - Global Forecast to 2023.

The honeycomb packaging market is expected to grow at ~ 6% CAGR during the period 2017 to 2023.

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Market Highlights

Honeycomb packaging is made by conglutination of paper bands into series of hexagons that are similar to honeycomb structure, and are then sandwiched between two sheets. The properties of honeycomb packaging are low material consumption, low weight, difficult to deform, resistant to pressure, shock and bending, good cushioning performance, and recyclable. Increasing demand for lightweight, environment friendly, and low cost packaging by food and beverages, automotive, and other industries, is driving the growth of honeycomb packaging market.

Honeycomb structures are naturally occurring or man-made and have the geometry of a honeycomb. These are used between two thin sheets to make materials for honeycomb packaging. Honeycomb structures aid the material used in packaging in reducing density and increasing shear and compression properties. This enables in minimizing the material usage and maximizes strength. Honeycomb packaging is 100% ecofriendly, lightweight, shock absorbent, and does not change in dimensions with temperature variations. It provides advantages such as easy handling and transportation, easy disposal, and low cost.

Increasing demand for sustainable packaging by various industries such as automotive, furniture, consumer goods, and others, is the major growth driver for honeycomb packaging. Furthermore, the growing demand for e-Commerce sector owing to increasing utilization of smart phones, is propelling the growth of packaging industry, which in turn has augmented the growth of honeycomb packaging. However, increasing demand for flexible packaging is the major challenge to honeycomb packaging market. Stringent government regulations by U.S. Environmental Protection Agency and other regulatory bodies on the recyclability and environment hazards of the material used in flexible packaging such as plastic and aluminum, is expected to boost growth of the honeycomb packaging market as honeycomb packaging is made from environment friendly material.

The global honeycomb packaging market is expected to grow at ~ 6% CAGR during the forecast period.

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Key Players

The key players of global honeycomb packaging market are BASF SE (Germany), ACH Foam Technologies (U.S), DS Smith plc (U.K), HUHTAMAKI GROUP. (Mexico), Lsquare Eco-Products Pvt. Ltd. (India), Packaging Corporation of America (U.S), Sealed Air Corporation (U.S), Sonoco Products Company (U.S), Smurfit Kappa Group plc (Ireland) and WestRock Company. (U.S).

Market Research Analysis

Exterior packaging and automotive sector are, expected to grow at the highest CAGR

Global honeycomb packaging market has been segmented based on packaging type, end-use industry and geography. Based on packaging type, it has been segmented as exterior packaging, interior packaging, pallets, and others. Exterior packaging is the largest packaging type segment in the market as it provides enhanced safety in product transportation and is easy to handle. Based on the end-use industry the market is segmented as automotive, consumer goods, food and beverages, furniture, industrial goods, and others. Protective packaging is an important part of the automotive supply chain. Honeycomb packaging is the effective method for packaging bulky products and automotive parts, as it offers enhanced safety.

Scope of the Report

This study provides an overview of the global honeycomb packaging market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the honeycomb packaging market by its packaging type, by end-use industry and by region.

By Packaging Type
• Exterior Packaging
• Interior Packaging
• Pallets
• Others

By End-use Industry
• Automotive
• Consumer Goods
• Food and Beverages
• Furniture
• Industrial Goods
• Others

By Regions
• North America
• Asia Pacific
• Europe
• Rest of the World

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Product Analysis
• Product matrix which gives a detailed comparison of the market for different recycled product types

Additional Information
• Regulatory Landscape
• Pricing Analysis
• Macroeconomic Indicators

Geographic Analysis
• Geographical analysis across 15 countries

Company Information
• Profiling of 10 key market players
• In-depth analysis including SWOT analysis, and strategy information of related to report title
• Competitive landscape including emerging trends adopted by major companies

Brief TOC :

1. Executive Summary
2. Research Methodology
3. Market Dynamics
4. Global Market, By Type
5. Global Market, By Technology
6. Global Market, By Application
7. Global Market, By End-user
8. Regional Market Analysis
9. Competitive Analysis
10. Conclusion
11. List Of Tables
12. List Of Figures

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