openPR Logo
Press release

Honeycomb Packaging Market North America to Remain Dominant as Industries Bounce Back

10-10-2017 05:05 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: TMR - Research Reports

Honeycomb Packaging Market North America to Remain Dominant as

The global market for honeycomb packaging is witnessing stiff competition on account of the strong presence of a copious number of small players. They are posing major challenge to the established key players, namely Sonoco Products Company, BASF SE, DS Smith, Smurfit Kappa Group, Corporation of America, ACH Foam Technologies, Inc., WestRock Company, and Sealed Air Corporation.

In order to further grow their shares in the market, the prominent companies in the market are resorting to strategic alliances which will help them to expand their geographical footprint.

Leading players in the global honeycomb packaging market are also seen pouring money into research and development of better products to cater to the different needs of their customers.

Obtain Report Details:
https://www.transparencymarketresearch.com/honeycomb-packaging-market.html

A report by Transparency Market Research finds that the global market for honeycomb packaging will likely expand at a steady 5.7% CAGR during the period between 2016 and 2017. Rising at this pace, the market is slated to become worth US$14.1 bn by 2024-end from US$8.6 bn in 2015.

Depending upon the type of packaging type, the global market for honeycomb packaging can be divided into exterior packaging, interior packaging, pallets, etc.

Of them, the segment of exterior packaging accounted for maximum share in the market in 2015 and is slated to retain its dominant position in the years to come as well on the back of constant demand from end-use sectors such as automobiles, furniture, and consumer goods. The segment is expected to clock a CAGR of 5.5%.

Geographically, the key segments of the global honeycomb packaging market are North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. North America, among them, currently leads the market and in the near future will steadily grow its share owing to the solid presence of end-use industries in the region. The TMR report forecasts the North America market to attain a share of 34.5% by 2024-end.

Make Enquiry @
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=19829

Demand from End-use Industries Driving Market
Majorly fuelling the global market for honeycomb packaging is the growth in the end-use industries of food and beverage, furniture, automotive goods, consumer goods, and industrial goods, among others such as logistics packaging, etc.

“As the automotive, consumer goods, and furniture industries drive up demand for protective packaging, the honeycomb packaging will see gradual uptake,” explains the lead analyst of the TMR report.

Need for Protective Packaging Boosts Uptake
The market is also being driven on account of the increasing thrust on environmental packaging. Honeycomb is gradually superseding others forms of packaging such as EPE, bubble wrap, thermocol, mineral wool, EP Foam, rock wool, particle boards, MDF, PUF, and wood.

Further, honeycomb packaging is becoming increasingly popular in a variety of end-use industries that need protective packaging.

The soaring ecommerce industry has increased demand for transportation of goods and this in turn is providing a boost to the honeycomb packaging market too. The demand for this type of packaging arises from a pressing need to protect the items being shipped from any form of damage.

A noticeable trend in the global honeycomb packaging market is the shift of focus towards Asia Pacific by most keen players as it offers tremendous opportunities owing to the swift pace of urbanization and industrialization.

Get TOC @ https://www.transparencymarketresearch.com/report-toc/19829

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email:sales@transparencymarketresearch.com
Website:http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Honeycomb Packaging Market North America to Remain Dominant as Industries Bounce Back here

News-ID: 766190 • Views:

More Releases from TMR - Research Reports

Pulmonary Drugs Market is Expected to Reach US$ 28,082.1 Million by the End of 2024
Pulmonary Drugs Market is Expected to Reach US$ 28,082.1 Million by the End of 2 …
According to the research report, the global pulmonary drugs market is expected to be worth US$ 28,082.1 mn by the end of 2024 as compared to US$ 48,039.7 mn in 2015. Analysts calculate that the global market will plummet at a CAGR of -6.3% during the forecast period of 2016 and 2024. The market will thrive as the demand for combination drugs is anticipated to remain on the rise during
North America Ventricular Assist Device Market is rising to a valuation of US$ 1.07 Billion by 2024
North America Ventricular Assist Device Market is rising to a valuation of US$ 1 …
According to TMR, the opportunity in the North America market for VADs, which stood at US$0.4 bn in 2015, is likely to expand at a healthy CAGR of 9.20% between 2016 and 2024 and increase to US$1.07 bn by the end of the forecast period. The destination therapy (DT) segment has been reporting a greater application of VADs than the other two indication segments. It is expected to remain the
Dental Membrane and Bone Graft Substitutes Market to rise to US$ 922.6 Million by 2024
Dental Membrane and Bone Graft Substitutes Market to rise to US$ 922.6 Million b …
Transparency Market Research notes that innovation and expansion into emerging regions have served these companies well in strengthening their hold in the dental membrane and bone graft substitutes market. For instance, Switzerland-based Geistlich Pharma AG - a global manufacturer and supplier of dental products and devices - expanded its operations in Sydney, Australia and New Delhi, India in 2016. The global dental membrane and bone graft substitutes market is expected to
Human Vaccines Market is Estimated to Reach US$ 72.5 Billion by 2024
Human Vaccines Market is Estimated to Reach US$ 72.5 Billion by 2024
The global human vaccines market was valued at US$28.3 bn in 2015 and is estimated to reach US$72.5 bn by 2024, registering an 11.2% CAGR during the forecast period. By age group, pediatric vaccines accounted for a 57.5% share in the global human vaccines market in 2015. Adult vaccines, on the other hand, are expected to expand at a 13.2% CAGR from 2016 to 2024. Based on product, the pneumococcal segment

All 5 Releases


More Releases for America

Waterproof Labels Market Outlook, Supportive Judgments | SATO America, LANGGUTH …
Report Ocean recently published a new report on the Global Waterproof Labels Market. The study has an in-depth analysis of the forecast period from 2021-2025. The report reveals a comprehensive picture of the Waterproof Labels Market situation, taking into consideration all major trends, market dynamics, and competitive factors. Additionally, the report contains key statistics concerning the Waterproof Labels Market situation of the leading key players, key market trends, and potential
Textiles Market Analysis Report, Regional Outlook - Europe, North America, South …
Adroit Market Research has announced the addition of the “Global Textiles Market Size Status and Forecast 2025”, The report classifies the global Textiles in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report studies the global Textiles Speaker market, analyzes and researches the Textiles Speaker development status and forecast in Europe, North America, Central America, South America, Asia Pacific
Blow Molding Machinery Market Analysis Report, Regional Outlook - Europe, North …
Adroit Market Research has announced the addition of the “Global Blow Molding Machinery Market Size Status and Forecast 2025”, The report classifies the global Blow Molding Machinery in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report studies the global Blow Molding Machinery Speaker market, analyzes and researches the Blow Molding Machinery Speaker development status and forecast in Europe,
Global Gaucher Disease Market 2018 Covering North America, South America, Europe
Gaucher Disease Market Summary The Global Gaucher Disease Market is defined by the presence of some of the leading competitors operating in the market, including the well-established players and new entrants, and the suppliers, vendors, and distributors. The key players are continuously focusing on expanding their geographic reach and broadening their customer base, in order to expand their product portfolio and come up with new advancements. Gaucher Disease market size to maintain the average annual growth
Epigenetics Market by End Users, and by Geography North America, Latin America, …
Increasing research to study the epigenetics of the genome (study called epigenomics) is expected to boost growth of the epigenetics market over the forecast period. Genome-wide epigenetic studies play an important role in the diagnostics of human diseases. Moreover, implementation of epigenetics for oncology research is estimated to propel the growth of epigenetics market. For instance, Constellation Pharmaceuticals, in April 2018, invested US$ 100 million for development of cancer epigenetics
Spas and Beauty Salons Market - South America, Central America and North America …
Consumers’ changing perception towards personal care coupled with continuous strive to improve general well-being are generating a positive impact on the spas and beauty salons industry. Growing consumer need to improve personal appearance and well-being has increased the demand for wellness solutions. Spa centers and beauty salons, in order to meet the increasing demand for unique spa and beauty services, are constantly striving to improve their services by focusing on