Press release
Global Hexacomb Packaging Market Size, Share - Industry Trend and Forecast 2016 - 2024
Hexacomb packaging made stable progress over the last five years, and forecasted to grow at a high rate. A hexacomb packaging is a heavy paperboard which enables the safe transportation and storage of different type of products such as electronics, furniture, FMCG products etc. Hexacomb packaging is mainly used for protective packaging. The hexacomb packaging boxes can be of various sizes, shapes and can used for various application. Hexacomb packaging is easy to design and model according to the brand owners’ need. Nowadays, growing ecommerce industry is accelerating the demand of hexacomb packaging. The packaging product which is used in ecommerce industry are designed in a way to protect the products from external environment, shock, vibration, and from other damaging effects during shipping and handling. Hexacomb packaging products are one of the effective packaging solutions that provide all the features related to high durability during transportation & storage and provide moisture, corrosion and shielding protection for sensitive products and components.
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Hexacomb Packaging Market - Market Segmentation:
The global hexacomb packaging market can be segmented on the basis of product type, function type, end use, and by region. On the basis of product type, hexacomb packaging market can be segmented into the container, cartons, boxes and others. On the basis of application type hexacomb packaging market can be segmented food & beverages, automotive goods, furniture, consumer goods, industrial goods and others. On the basis of function type hexacomb packaging can be segmented into cushioning, blocking & bracing, void-fill, insulation, and wrapping. On the basis of region, hexacomb packaging market can be segmented into North America, Latin America, Europe, Asia-Pacific and the Middle East & Africa.
Hexacomb Packaging Market - Market Dynamics:
The fulfillment of online sales will be the major driver of growth for hexacomb packaging market. There are other factors also which are supporting in healthy expansions of hexacomb packaging products such as protective mailers, air pillows, and bubble packaging. Among these air pillows will be the fastest growing hexacomb packaging products. Moreover, void-fill materials benefiting the hexacomb packaging market to gain advantages over other fill materials regarding cost-effectiveness and less material usage. Government regulation towards the use of plastic is expected to hamper the growth of hexacomb packaging market. Also, the high initial cost of hexacomb packaging material is considered as another restraining factor towards the growth of hexacomb packaging market.
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Hexacomb Packaging Market - Regional Outlook:
Geographically, the global hexacomb market is segmented into North America, Latin America, Europe, Asia-Pacific (APAC) and the Middle East & Africa (MEA). The global hexacomb packaging market is expected to witness a stable CAGR over the forecast period of 2016-2024. Entering new markets like Asia, Russia, and South America would be larger opportunities for hexacomb packaging market. Moreover, North America is expected to witness a high growth of hexacomb packaging market due to the rising consumption of food and beverage products. The demand of the hexacomb packaging market is projected to witness an above average growth in Europe as well due to the higher adoption of hexacomb packaging for automotive and commercial use.
Hexacomb Packaging Market - Major Players:
Some of the major players identified across the globe in the hexacomb packaging market are DS Smith Plc, Sealed Air Corporation, Sonoco Products Company, Green Packaging Technology Co. Ltd., Shanghai Boyang Packaging Technology Co. Ltd., ACH Foam Technologies LLC, BASF SE, Bayer AG, NEFAB GROUP, Pregis North America, Smurfit Kappa Group Plc, RockTenn Company, Cascades, Huhtamaki OYJ, Packaging Corporation of America, Zhejiang Kaipei Packaging Co., Ltd. and Linyi Guosheng Color Printing & Packing Co. Ltd.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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