A recent report published by Infinium Global Research on the honeycomb
packaging market provides an in-depth analysis of segments and sub-segments in the
global as well as regional honeycomb packaging market. The study also
highlights the impact of drivers, restraints, and macro indicators on the
global and regional honeycomb packaging market over the short term as well as
long term. The report is a comprehensive presentation of trends, forecast and
dollar values of the global honeycomb packaging market. According to the report, the
global honeycomb packaging market is projected to grow at a CAGR of 6.47% over
the forecast period of 2019-2025.
Different kinds of products require different kinds of packaging.
Some products are sensitive and fragile, which requires a special kind of
packaging to ensure the safety of goods. The honeycomb packaging helps in the
protection of the goods due to its excellent cushion and shock absorbing
properties owing to its special structure. The honeycomb packaging market is
highly fragmented in nature consisting of many small vendors and few global
players competing for the position in the market. The key players in the market
including DS Smith plc, Smurfit Kappa Group, Sonoco Products Company, Lsquare
Eco-Products Pvt. Ltd., Cascades Inc., Packaging Corporation of America and
others are focusing on the development of innovative products to cater to
customer's unique needs and also trying to increase their geographical presence
by expanding their product portfolio and entering into mergers and
The increasing application of honeycomb packaging across several
industrial verticals is majorly driving the honeycomb packaging market. Due to
its special structure, the honeycomb packaging provides excellent cushion and
shock-absorbing properties to protect the goods inside. Moreover, the growing
e-commerce sector expands the demand for honeycomb packaging. Furthermore, the
demand for environment-friendly packaging is supporting the growth of the
honeycomb packaging market. The honeycomb packaging is made out of kraft paper
or recycled paper, which is easily disposable and causes lesser pollution.
However, the emergence of flexible packaging is the major restraining factor
for the growth of the honeycomb packaging market. Nevertheless, the
customization of the honeycomb paperboard packaging is expected to offer
lucrative opportunities for the key players in the honeycomb packaging market.
In terms of region, North America generated the highest revenue
for honeycomb packaging, dominating the global honeycomb packaging market. The
largest market share of the North America region attributed to the large size
of end-user industries and increasing efforts to reduce the packaging wastage.
Moreover, the growing e-commerce sector in the region is expected to boost the
growth of the honeycomb packaging market in North America.
The report on the global honeycomb packaging market covers segments
such as packaging type, and end-use. On the basis of packaging type, the
sub-markets include interior packaging, exterior packaging, and pallets
packaging. On the basis of end-use, the sub-markets include automotive,
electronics, furniture, industrial goods, consumer goods, and other end-uses.
The report provides profiles of the companies in the market such
as DS Smith plc, Smurfit Kappa Group, Sonoco Products Company, Lsquare
Eco-Products Pvt. Ltd., Cascades inc., Packaging Corporation of America, ACH
Foam Technologies, Inc., Huhtamaki Oyj, Premier Packaging Products, WestRock
Company, and Other Companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of the honeycomb
packaging market. Moreover, the study highlights current market trends and
provides forecast from 2019-2025. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.