Press release
Honeycomb Paper Market To Show Startling Growth During Forecast Period 2024-2030
Honeycomb Paper Market
The global honeycomb paper market was valued at $6.5 billion in 2020 and is projected to grow at a CAGR of 5.4%, reaching $11.0 billion by 2030.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ: https://www.alliedmarketresearch.com/request-sample/12194
Key Market Drivers:
- Substitution of traditional materials: Expanded paper honeycomb is increasingly used as a replacement for solid fillings, chipboard stripes, and tube boards in interior doors and partition walls, driving the market's growth.
- Sustainability in packaging and logistics: Honeycomb paper pallets are preferred in air shipments due to their low weight and durability, creating significant opportunities.
Market Restraints:
- Processing challenges: Despite its advantages, honeycomb paperboard's poor processing performance restricts its use in certain industries, slowing down its adoption.
Opportunities:
- Eco-friendly adoption: The growing preference for sustainable products, such as honeycomb paper, particularly in the home dรฉcor sector, presents new opportunities. Paper honeycomb's strength-to-weight ratio is a key benefit, making it a popular choice in construction and packaging applications.
Market Segmentation Insights:
Cell Size:
The 10 to 30 mm segment dominated in 2020, accounting for nearly half of the global market share. It is expected to continue leading by 2030, growing at a CAGR of 5.6% due to the demand for this size in building and construction applications, particularly in manufacturing interior doors.
End-use Industry:
The Home Dรฉcor segment was the largest revenue contributor, holding over 40% of the market share in 2020. It is forecasted to maintain this dominance, with the fastest CAGR of 5.8% by 2030. Honeycomb paper is widely used for interior doors and furniture, contributing to the surge in demand for eco-friendly home dรฉcor solutions.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ข๐ง ๐๐ซ๐จ๐๐ฎ๐ซ๐ข๐ง๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ข๐ฌ๐ข๐ญ ๐๐๐ซ๐:
https://www.alliedmarketresearch.com/honeycomb-paper-market/purchase-options
Region:
Asia-Pacific was the leading region in 2020, contributing more than 40% of the market share, with Europe and North America following. The Asia-Pacific region is expected to grow at the fastest CAGR of 6.2% due to the increasing adoption of sustainable products in the region's rapidly expanding home dรฉcor sector.
Key Market Players:
- Lsquare Eco Products Pvt. Ltd.
- Greencore Packaging
- Honicel Nederland B.V.
- EcoGlobe Packaging Private Limited
- Helios Packaging
- MAC PACK
- Axxor
- Crown Holdings Inc.
- Schรผtz GmbH & Co. KGaA
- YOJ Pack-Kraft
๐๐๐ญ๐๐ข๐ง ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ญ๐๐ข๐ฅ๐ฌ: https://www.alliedmarketresearch.com/honeycomb-paper-market-A11829
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