Global Honeycomb Packaging market is expected to grow at a compound annual growth rate of XX% over the period 2019 to 2024 to reach a market size of US$XX billion by 2024 from US$XX billion in 2018. Simultaneously, the estimated volume of honeycomb packaging is expected to increase from XX metric tonnes in 2018 to XX metric tonnes in 2024. Honeycomb packages are light-weight materials made up of paper which are used for packaging of various products. The significance on eco-friendly packaging is expected to be a key factor driving the market for honeycomb packaging. Further demand from various end users like food and beverage, logistics pharmaceutical industries for protective packaging is anticipated to boost the market growth. In addition, growing e-commerce industry coupled with increasing transportation of goods is expected to create growth opportunities for honeycomb packaging market during the forecast period.
DRIVERS
Growing demand for eco-friendly packaging.
Rising e-commerce and logistics industry.
RESTRAINTS
Presence of substitutes.
The major players profiled in the honeycomb packaging market include Packaging Corporation of America, WestRock Company, Smurfit Kappa Group, Lsquare Eco Products Pvt Ltd, Hexcel Corporation, Greencore Packaging, Sonoco Products Company, DS Smith Plc, BASF SE, Sealed Air, Rebul Crating Solutions, Dufaylite Developments Ltd.
Segmentation
The honeycomb packaging market has been analyzed through the following segments:
By type
Pallets
Interior packaging
Exterior packaging
By End-User
Pharmaceuticals
Food and beverage
Electronics
Furniture
Automotive
Logistics
Others
By Geography
North America
USA
Canada
Mexico
Others
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Others
Target audience
Manufacturers
Suppliers
Distributors
Service Providers
Government Agencies
Research Organizations
Consultants
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