Honeycomb Packaging Market Research Report - Global Forecast to 2027

Global Honeycomb Packaging Market Report By Packaging Type (Exterior Packaging, Interior Packaging, Pallets, and Others), By End-use Industry (Automotive, Consumer Goods, Food and Beverages, Furniture, Industrial Goods and Others) and By Region - Global Forecast to 2027.

ID: MRFR/PNT/3440-HCR | February 2021 | Region: Global | 111 pages

Please note that the assessment period of report has been updated from 2017-2023 to 2020-2027. Cordially fill the sample form for updated data.

Market Scenario


Honeycomb structures are naturally occurring or man-made and have the geometry of a honeycomb. These are used between two thin sheets to make materials for honeycomb packaging. Honeycomb structures aid 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. It provides advantages such as easy handling and transportation, easy disposal, and low cost.


Honeycomb packaging is made by conglutination of paper bands into series of hexagons that are similar to honeycomb structure, and are then sandwiched between two sheets. The properties of honeycomb packaging are low material consumption, low weight, difficult to deform, resistant to pressure, shock and bending, good cushioning performance, and recyclable. Increasing demand for lightweight, environment friendly, and low cost packaging by food and beverages, automotive, and other industries, is driving the growth of honeycomb packaging market.


Global honeycomb packaging market has been segmented based on packaging type, end-use industry and geography. Based on packaging type, it has been segmented as exterior packaging, interior packaging, pallets, and others. Exterior packaging is the largest packaging type segment in the market as it provides enhanced safety in product transportation and is easy to handle. Based on the end-use industry the market is segmented as automotive, consumer goods, food and beverages, furniture, industrial goods, and others. Protective packaging is an important part of the automotive supply chain. Honeycomb packaging is the effective method for packaging bulky products and automotive parts, as it offers enhanced safety.


Increasing demand for sustainable packaging by various industries such as automotive, furniture, consumer goods, and others, is the major growth driver for honeycomb packaging. Furthermore, the growing demand for e-Commerce sector owing to increasing utilization of smart phones, is propelling the growth of packaging industry, which in turn has augmented the growth of honeycomb packaging. However, increasing demand for flexible packaging is the major challenge to honeycomb packaging market. Stringent government regulations by U.S. Environmental Protection Agency and other regulatory bodies on the recyclability and environment hazards of the material used in flexible packaging such as plastic and aluminum, is expected to boost growth of the honeycomb packaging market as honeycomb packaging is made from environment friendly material.


The global honeycomb packaging market is expected to grow at ~ 6% CAGR during the forecast period.


Market Segmentation


 Honeycomb Packaging Market


Global Honeycomb Packaging Market


The global honeycomb packaging market is expected to witness phenomenal growth during the forecast period. This is due to the considerable demand from End-use Industries is driving honeycomb packaging market. The government has set regulations to reduce packaging wastage and this is driving demand for environment friendly packaging materials such as honeycomb packaging. The significant growth in e-Commerce has also augmented growth of honeycomb packaging.  North America was the dominant market with a market share of more than 35% in 2016, whereas, Asia Pacific is the fastest growing market in the forecast period. This is attributed to growing demand for packaging from automotive and e-Commerce sectors in emerging economies such as India and China.


Key Players


The key players of global honeycomb packaging market are BASF SE (Germany), ACH Foam Technologies (U.S), DS Smith plc (U.K), HUHTAMAKI GROUP. (Mexico), Lsquare Eco-Products Pvt. Ltd. (India), Packaging Corporation of America (U.S), Sealed Air Corporation (U.S), Sonoco Products Company (U.S), Smurfit Kappa Group plc (Ireland) and WestRock Company. (U.S).



Frequently Asked Questions (FAQ) :


The honeycomb packaging market is observed to register 6% CAGR.

The major participants are BASF SE (Germany), DS Smith plc (U.K), ACH Foam Technologies (U.S), HUHTAMAKI GROUP. (Mexico), Packaging Corporation of America (U.S), Lsquare Eco-Products Pvt. Ltd. (India), Sealed Air Corporation (U.S), Smurfit Kappa Group plc (Ireland), Sonoco Products Company (U.S), and WestRock Company. (U.S).

The segments based on packaging type are interior packaging, exterior packaging, pallets, and others.

Increasing demand for environment-friendly packaging solutions is supposed to augment the honeycomb packaging market.

The end-user industries are automotive, industrial goods, food and beverages, consumer goods, furniture, and others.

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY

2 SCOPE OF THE REPORT

2.1 MARKET DEFINITION

2.2 SCOPE OF THE STUDY

2.2.1 DEFINITION

2.2.2 RESEARCH OBJECTIVE

2.2.3 ASSUMPTIONS

2.2.4 LIMITATIONS

2.3 RESEARCH PROCESS

2.3.1 PRIMARY RESEARCH

2.3.2 SECONDARY RESEARCH

2.4 MARKET SIZE ESTIMATION

2.5 FORECAST MODEL

3 MARKET LANDSCAPE

3.1 PORTER’S FIVE FORCES ANALYSIS

3.1.1 THREAT OF NEW ENTRANTS

3.1.2 BARGAINING POWER OF BUYERS

3.1.3 THREAT OF SUBSTITUTES

3.1.4 SEGMENT RIVALRY

3.1.5 BARGAINING POWER OF BUYERS

3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS

4 MARKET DYNAMICS

4.1 INTRODUCTION

4.2 MARKET DRIVERS

4.3 MARKET RESTRAINTS

4.4 MARKET OPPORTUNITIES

4.5 MARKET TRENDS

5 GLOBAL HONEYCOMB PACKAGING MARKET, BY PACKAGING TYPE

5.1 INTRODUCTION

5.2 EXTERIOR PACKAGING

5.2.1 MARKET ESTIMATES & FORECAST, 2020-2027

5.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

5.3 INTERIOR PACKAGING

5.3.1 MARKET ESTIMATES & FORECAST, 2020-2027

5.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

5.4 PALLETS

5.4.1 MARKET ESTIMATES & FORECAST, 2020-2027

5.4.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

5.5 OTHERS

5.5.1 MARKET ESTIMATES & FORECAST, 2020-2027

5.5.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

6 GLOBAL HONEYCOMB PACKAGING MARKET, BY END-USE INDUSTRY

6.1 INTRODUCTION

6.2 AUTOMOTIVE

6.2.1 MARKET ESTIMATES & FORECAST, 2020-2027

6.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

6.3 CONSUMER GOODS

6.3.1 MARKET ESTIMATES & FORECAST, 2020-2027

6.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

6.4 FOOD AND BEVERAGES

6.4.1 MARKET ESTIMATES & FORECAST, 2020-2027

6.4.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

6.5 FURNITURE

6.5.1 MARKET ESTIMATES & FORECAST, 2020-2027

6.5.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

6.6 INDUSTRIAL GOODS

6.6.1 MARKET ESTIMATES & FORECAST, 2020-2027

6.6.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

6.7 OTHERS

6.7.1 MARKET ESTIMATES & FORECAST, 2020-2027

6.7.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

7 GLOBAL HONEYCOMB PACKAGING MARKET, BY REGION

7.1 INTRODUCTION

7.2 NORTH AMERICA

7.2.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.2.2 MARKET ESTIMATES & FORECAST BY PACKAGING TYPE, 2020-2027

7.2.3 MARKET ESTIMATES & FORECAST BY END-USE INDUSTRY, 2020-2027

7.2.5 THE U.S

7.2.5.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.2.5.2 MARKET ESTIMATES & FORECAST BY PACKAGING TYPE, 2020-2027

7.2.5.3 MARKET ESTIMATES & FORECAST BY END-USE INDUSTRY, 2020-2027

7.2.6 CANADA

7.2.6.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.2.6.2 MARKET ESTIMATES & FORECAST BY PACKAGING TYPE, 2020-2027

7.2.6.3 MARKET ESTIMATES & FORECAST BY END-USE INDUSTRY, 2020-2027

7.3 EUROPE

7.3.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.3.2 MARKET ESTIMATES & FORECAST BY PACKAGING TYPE, 2020-2027

7.3.3 MARKET ESTIMATES & FORECAST BY END-USE INDUSTRY, 2020-2027

7.3.5 U.K

7.3.5.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.3.5.2 MARKET ESTIMATES & FORECAST BY PACKAGING TYPE, 2020-2027

7.3.5.3 MARKET ESTIMATES & FORECAST BY END-USE INDUSTRY, 2020-2027

7.3.6 GERMANY

7.3.6.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.3.6.2 MARKET ESTIMATES & FORECAST BY PACKAGING TYPE, 2020-2027

7.3.6.3 MARKET ESTIMATES & FORECAST BY END-USE INDUSTRY, 2020-2027

7.3.7 FRANCE

7.3.7.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.3.7.2 MARKET ESTIMATES & FORECAST BY PACKAGING TYPE, 2020-2027

7.3.7.3 MARKET ESTIMATES & FORECAST BY END-USE INDUSTRY, 2020-2027

7.3.8 ITALY

7.3.8.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.3.8.2 MARKET ESTIMATES & FORECAST BY PACKAGING TYPE, 2020-2027

7.3.8.3 MARKET ESTIMATES & FORECAST BY END-USE INDUSTRY, 2020-2027

7.3.9 REST OF EUROPE

7.3.9.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.3.9.2 MARKET ESTIMATES & FORECAST BY PACKAGING TYPE, 2020-2027

7.3.9.3 MARKET ESTIMATES & FORECAST BY END-USE INDUSTRY, 2020-2027

7.4 ASIA PACIFIC

7.4.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.4.2 MARKET ESTIMATES & FORECAST BY PACKAGING TYPE, 2020-2027

7.4.3 MARKET ESTIMATES & FORECAST BY END-USE INDUSTRY, 2020-2027

7.4.5 CHINA

7.4.5.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.4.5.2 MARKET ESTIMATES & FORECAST BY PACKAGING TYPE, 2020-2027

7.4.5.3 MARKET ESTIMATES & FORECAST BY END-USE INDUSTRY, 2020-2027

7.4.6 JAPAN

7.4.6.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.4.6.2 MARKET ESTIMATES & FORECAST BY PACKAGING TYPE, 2020-2027

7.4.6.3 MARKET ESTIMATES & FORECAST BY END-USE INDUSTRY, 2020-2027

7.4.7 INDIA

7.4.7.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.4.7.2 MARKET ESTIMATES & FORECAST BY PACKAGING TYPE, 2020-2027

7.4.7.3 MARKET ESTIMATES & FORECAST BY END-USE INDUSTRY, 2020-2027

7.4.7 REST OF ASIA PACIFIC

7.4.7.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.4.7.2 MARKET ESTIMATES & FORECAST BY PACKAGING TYPE, 2020-2027

7.4.7.3 MARKET ESTIMATES & FORECAST BY END-USE INDUSTRY, 2020-2027

7.5 REST OF THE WORLD

7.5.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.5.2 MARKET ESTIMATES & FORECAST BY PACKAGING TYPE, 2020-2027

7.5.3 MARKET ESTIMATES & FORECAST BY END-USE INDUSTRY, 2020-2027

8 COMPETITIVE LANDSCAPE

9 COMPANY PROFILE

9.1 BASF SE (GERMANY)

9.1.1 COMPANY OVERVIEW

9.1.2 PRODUCTS/SERVICES OFFERING

9.1.3 FINANCIAL OVERVIEW

9.1.4 KEY DEVELOPMENTS

9.1.5 STRATEGY

9.1.6 SWOT ANALYSIS

9.2 ACH FOAM TECHNOLOGIES (U.S)

9.2.1 COMPANY OVERVIEW

9.2.2 PRODUCTS/SERVICES OFFERING

9.2.3 FINANCIAL OVERVIEW

9.2.4 KEY DEVELOPMENTS

9.2.5 STRATEGY

9.2.6 SWOT ANALYSIS

9.3 DS SMITH PLC (U.K)

9.3.1 COMPANY OVERVIEW

9.3.2 PRODUCTS/SERVICES OFFERING

9.3.3 FINANCIAL OVERVIEW

9.3.4 KEY DEVELOPMENTS

9.3.5 STRATEGY

9.3.6 SWOT ANALYSIS

9.4 HUHTAMAKI GROUP. (MEXICO)

9.4.1 COMPANY OVERVIEW

9.4.2 PRODUCTS/SERVICES OFFERING

9.4.3 FINANCIAL OVERVIEW

9.4.4 KEY DEVELOPMENTS

9.4.5 STRATEGY

9.4.6 SWOT ANALYSIS

9.5 LSQUARE ECO-PRODUCTS PVT. LTD. (INDIA)

9.5.1 COMPANY OVERVIEW

9.5.2 PRODUCTS/SERVICES OFFERING

9.5.3 FINANCIAL OVERVIEW

9.5.4 KEY DEVELOPMENTS

9.5.5 STRATEGY

9.5.6 SWOT ANALYSIS

9.6 PACKAGING CORPORATION OF AMERICA (U.S)

9.6.1 COMPANY OVERVIEW

9.6.2 PRODUCTS/SERVICES OFFERING

9.6.3 FINANCIAL OVERVIEW

9.6.4 KEY DEVELOPMENTS

9.6.5 STRATEGY

9.6.6 SWOT ANALYSIS

9.7 SEALED AIR CORPORATION (U.S)

9.7.1 COMPANY OVERVIEW

9.7.2 PRODUCTS/SERVICES OFFERING

9.7.3 FINANCIAL OVERVIEW

9.7.4 KEY DEVELOPMENTS

9.7.5 STRATEGY

9.7.6 SWOT ANALYSIS

9.8 SONOCO PRODUCTS COMPANY (U.S)

9.8.1 COMPANY OVERVIEW

9.8.2 PRODUCTS/SERVICES OFFERING

9.8.3 FINANCIAL OVERVIEW

9.8.4 KEY DEVELOPMENTS

9.8.5 STRATEGY

9.8.6 SWOT ANALYSIS

9.9 SMURFIT KAPPA GROUP PLC (IRELAND)

9.9.1 COMPANY OVERVIEW

9.9.2 PRODUCTS/SERVICES OFFERING

9.9.3 FINANCIAL OVERVIEW

9.9.4 KEY DEVELOPMENTS

9.9.5 STRATEGY

9.9.6 SWOT ANALYSIS

9.10 WESTROCK COMPANY. (U.S).

9.10.1 COMPANY OVERVIEW

9.10.2 PRODUCTS/SERVICES OFFERING

9.10.3 FINANCIAL OVERVIEW

9.10.4 KEY DEVELOPMENTS

9.10.5 STRATEGY

9.10.6 SWOT ANALYSIS

LIST OF TABLES

TABLE 1 GLOBAL HONEYCOMB PACKAGING MARKET: BY REGION, 2020-2027

TABLE 2 NORTH AMERICA HONEYCOMB PACKAGING MARKET: BY COUNTRY, 2020-2027

TABLE 3 EUROPE HONEYCOMB PACKAGING MARKET: BY COUNTRY, 2020-2027

TABLE 4 ASIA PACIFIC HONEYCOMB PACKAGING MARKET: BY COUNTRY, 2020-2027

TABLE 5 ROW HONEYCOMB PACKAGING MARKET: BY COUNTRY, 2020-2027

TABLE 6 GLOBAL HONEYCOMB PACKAGING MARKET, BY PACKAGING TYPE, BY REGIONS, 2020-2027

TABLE 7 NORTH AMERICA HONEYCOMB PACKAGING MARKET, BY PACKAGING TYPE, BY COUNTRY, 2020-2027

TABLE 8 EUROPE HONEYCOMB PACKAGING MARKET, BY PACKAGING TYPE, BY COUNTRY, 2020-2027

TABLE 9 ASIA PACIFIC HONEYCOMB PACKAGING MARKET BY PACKAGING TYPE, BY COUNTRY, 2020-2027

TABLE 10 ROW HONEYCOMB PACKAGING MARKET BY PACKAGING TYPE, BY COUNTRY, 2020-2027

TABLE 11 GLOBAL HONEYCOMB PACKAGING BY END-USE INDUSTRY MARKET: BY REGIONS, 2020-2027

TABLE 12 NORTH AMERICA HONEYCOMB PACKAGING MARKET BY END-USE INDUSTRY : BY COUNTRY, 2020-2027

TABLE 13 EUROPE HONEYCOMB PACKAGING MARKET BY END-USE INDUSTRY : BY COUNTRY, 2020-2027

TABLE 14 ASIA PACIFIC HONEYCOMB PACKAGING MARKET BY END-USE INDUSTRY : BY COUNTRY, 2020-2027

TABLE 15 ROW HONEYCOMB PACKAGING MARKET BY END-USE INDUSTRY : BY COUNTRY, 2020-2027

TABLE 16 GLOBAL HONEYCOMB PACKAGING MARKET: BY REGION, 2020-2027

TABLE 17 GLOBAL HONEYCOMB PACKAGING MARKET: BY PACKAGING TYPE, 2020-2027

TABLE 18 GLOBAL HONEYCOMB PACKAGING MARKET: BY END-USE INDUSTRY, 2020-2027

TABLE 19 NORTH AMERICA HONEYCOMB PACKAGING MARKET, BY COUNTRY

TABLE 20 NORTH AMERICA HONEYCOMB PACKAGING MARKET, BY PACKAGING TYPE

TABLE 21 NORTH AMERICA HONEYCOMB PACKAGING MARKET, BY END-USE INDUSTRY

TABLE 22 EUROPE: HONEYCOMB PACKAGING MARKET, BY COUNTRY

TABLE 23 EUROPE: HONEYCOMB PACKAGING MARKET, BY PACKAGING TYPE

TABLE 24 EUROPE: HONEYCOMB PACKAGING MARKET, BY END-USE INDUSTRY

TABLE 25 ASIA PACIFIC: HONEYCOMB PACKAGING MARKET, BY COUNTRY

TABLE 26 ASIA PACIFIC: HONEYCOMB PACKAGING MARKET, BY PACKAGING TYPE

TABLE 27 ASIA PACIFIC: HONEYCOMB PACKAGING MARKET, BY END-USER

TABLE 28 ROW: HONEYCOMB PACKAGING MARKET, BY REGION

TABLE 29 ROW HONEYCOMB PACKAGING MARKET, BY PACKAGING TYPE

TABLE 30 ROW HONEYCOMB PACKAGING MARKET, BY END-USE INDUSTRY


LIST OF FIGURES

FIGURE 1 RESEARCH PROCESS OF MRFR

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

FIGURE 3 MARKET DYNAMICS

FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS

FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS

FIGURE 6 PORTER’S FIVE FORCES ANALYSIS

FIGURE 7 VALUE CHAIN ANALYSIS

FIGURE 8 GLOBAL HONEYCOMB PACKAGING MARKET SHARE, BY PACKAGING TYPE, 2020 (%)

FIGURE 9 GLOBAL HONEYCOMB PACKAGING MARKET, BY PACKAGING TYPE, 2020-2027 (USD MILLION)

FIGURE 10 GLOBAL HONEYCOMB PACKAGING MARKET SHARE, BY END-USE INDUSTRY, 2020 (%)

FIGURE 11 GLOBAL HONEYCOMB PACKAGING MARKET, BY END-USE INDUSTRY, 2020-2027 (USD MILLION)

FIGURE 12 GLOBAL HONEYCOMB PACKAGING MARKET SHARE (%), BY REGION, 2020

FIGURE 13 GLOBAL HONEYCOMB PACKAGING MARKET, BY REGION, 2020-2027 (USD MILLION)

FIGURE 14 NORTH AMERICA HONEYCOMB PACKAGING MARKET SHARE (%), 2020

FIGURE 15 NORTH AMERICA HONEYCOMB PACKAGING MARKET BY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 16 EUROPE HONEYCOMB PACKAGING MARKET SHARE (%), 2020

FIGURE 17 EUROPE HONEYCOMB PACKAGING MARKET BY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 18 ASIA PACIFIC HONEYCOMB PACKAGING MARKET SHARE (%), 2020

FIGURE 19 ASIA PACIFIC HONEYCOMB PACKAGING MARKET BY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 20 REST OF THE WORLD HONEYCOMB PACKAGING MARKET SHARE (%), 2020

FIGURE 21 REST OF THE WORLD HONEYCOMB PACKAGING MARKET BY COUNTRY, 2020-2027 (USD MILLION)