Honeycomb structures are naturally occurring or man-made that have the geometry of a honeycomb. These are used between two thin sheets to make materials for honeycomb packaging. Honeycomb structure aids the material used in packaging in reducing density and increasing shear and compression properties. This enables in minimizing the material usage and maximizes strength. Honeycomb packaging is 100% ecofriendly, lightweight, shock absorbent and does not change in dimensions with temperature variations.
The global market for honeycomb packaging is expected to expand at a considerable rate in the near future due to its growing demand across several industrial verticals. The increase application of honeycomb packaging and emphasis on environment-friendly packaging are two of the key drivers for te global honeycomb packaging market. As the demand for protective packaging grows in end-user industries such as consumer goods, automotive, and furniture among others, the honeycomb packaging market will witness significant expansion. North America led the pack in 2017 and is anticipated to have a steady growth rate over the forecast period. This is attributed to the large size of end-user industries in this region. Asia Pacific is also anticipated to register a significant growth rate in the coming years due to rapid urbanization and increased penetration of end-user industries in this region.
In 2018, the global Honeycomb Packaging market size was 9480 million US$ and it is expected to reach 14000 million US$ by the end of 2025, with a CAGR of 5.0% during 2019-2025.
This report focuses on the global Honeycomb Packaging status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Honeycomb Packaging development in United States, Europe and China.
The key players covered in this study
Smurfit Kappa Group
Packaging Corporation of America
Complete Packaging Systems
PREMIER PACKAGING PRODUCTS
Market segment by Type, the product can be split into
Market segment by Application, split into
Food and Beverages
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global Honeycomb Packaging status, future forecast, growth opportunity, key market and key players.
To present the Honeycomb Packaging development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Honeycomb Packaging are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.