Dublin, April 12, 2023 (GLOBE NEWSWIRE) -- The "Honeycomb Packaging Market, By Packaging Type, By End-use industry, And By Geography - Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
This report provides in-depth analysis of honeycomb packaging market, market size (US$ Bn), & Kilotons (KT) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year.
Company Profiles
- BASF S.E.
- ACH Foam Technologies
- DS Smith Plc
- Huhtamaki Group
- Lsquare Eco-Products Pvt. Ltd.
- Packaging Corporation of America
- Sealed Air Corporation
- Sonoco Products Company
- Smurfit Kappa Group
- WestRock Company
Honeycomb packaging is made by the conglutination of paper bands into a series of hexagons that are similar to the honeycomb structure, and are then sandwiched between two sheets.
The properties of honeycomb packaging are low material consumption, low weight, difficulty to deform, resistance to pressure, shock and bending, good cushioning performance, and recyclability. Increasing demand for lightweight, environment-friendly, and low-cost packaging by food and beverages, automotive, and other industries is driving the growth of the honeycomb packaging market.
Asia Pacific accounted for the largest share of 34% in 2022 in the market. This is attributed to growing demand and government regulations for environment-friendly packaging such as honeycomb. North America is estimated to be the second largest and the fastest growing market over the forecast period due to rapid growth in automotive, industrial, and other sectors, especially in emerging economies such as India and China.
Key features of the study:
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
- It profiles leading players in the Honeycomb packaging Market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies and future plans
- Key companies covered as a part of this study include ACH Foam Technologies, BASF SE, DS Smith Plc, Huhtamaki Group, Lsquare Eco-Products Pvt. Ltd., Packaging Corporation of America, Sealed Air Corporation, Sonoco Products Company, Smurfit Kappa Group, and WestRock Company.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, market expansion, and marketing tactics
- The Honeycomb packaging Market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the honeycomb packaging market
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 169 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $14 Billion |
| Forecasted Market Value (USD) by 2030 | $25.6 Billion |
| Compound Annual Growth Rate | 7.8% |
| Regions Covered | Global |
Detailed Segmentation:
Global Honeycomb Packaging Market, By Packaging Type:
- Exterior Packaging
- Interior packaging
- Pallets
- Others
Global Honeycomb Packaging Market By End-use industry
- Automotive
- Consumer goods
- Food and beverages
- Furniture
- Industrial goods
- Others
Global Honeycomb Packaging Market By Region:
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Italy
- France
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East
- GCC
- Israel
- Rest of Middle East
- Africa
- Northern Africa
- Central Africa
- South Africa
For more information about this report visit https://www.researchandmarkets.com/r/jcdnux
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