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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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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