Honeycomb Packaging Industry Efficiencies Forecast with Key Players are: BASF SE, DS Smith, Sealed Air Corporation, Sonoco Products Company, ACH Foam Technologies, Lsquare Eco-Products

Market Highlights:

Global Honeycomb Packaging market accounted for $9.59 billion in 2017 and is expected to reach $17.93 billion by 2026 growing at a CAGR of7.2%. Rapid growth in the electronic sector, increasing applications of honeycomb packaging in various industries and growing demand for environment friendly, lightweight and low cost packaging are some of the factors driving the market.

Depending on Packaging type the exterior packaging segment dominates the market owing to rising need for boxes, containers, cartons; continuous demand from end-user industries such as automobiles, furniture, and consumer goods and it provides enhanced safety in product transportation and is easy to handle. Rising disposable income of individuals has increased the consumer’s purchasing power for various products due to its aesthetic look which inturn has raised the demand for exterior packaging in the market.

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Top Industry Players:

Some of the key players in the Honeycomb Packaging market are BASF SE, DS Smith, Sealed Air Corporation, Sonoco Products Company, ACH Foam Technologies, Inc., Lsquare Eco-Products Pvt. Ltd., Smurfit Kappa Group, WestRock Company, Packaging Corporation of America, Huhtamaki Group, Cascades, Axxor, Dufaylite Developments, Multi-Wall Packaging and Rebul Custom Packaging.

What our report offers:
• Market share assessments for the regional and country level segments
• Market share analysis of the top industry players
• Strategic recommendations for the new entrants
• Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

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Market Segments:

Geographically, North America dominates the market owing to rising need for automotive, furniture and consumer goods and presence of large size end-user industries in the region. Inaddition Asia Pacific region is anticipated to grow at a higher rate due to rapid urbanization and increased penetration of end-user industries in this region.

Packaging Types Covered:
• Pallets
• Interior Packaging
• Exterior Packaging
• Other Packaging Types
Materials Covered:
• Plastic
• Paperboard
Verticals Covered:
• Food & Beverage
• Automotive Goods
• Furniture
• Consumer Goods
• Industrial Goods
• Logistics Packaging
• Other Verticals

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This release was published on openPR.