Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Request Free Sample
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.
Speak to Analyst

Honeycomb Packaging Market Research Report Information By Packaging Type (Interior Packaging, Exterior Packaging, Pallets And Others), By End-User (Consumer Goods, Food and Beverages, Furniture, Industrial Goods, Automotive) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

ID: MRFR/PNT/3440-HCR | 188 Pages | Author: Pradeep Nandi| April 2024

Global Honeycomb Packaging Market Overview

Honeycomb Packaging Market Size was valued at USD 11.2 Billion in 2022. The Honeycomb Packaging industry is projected to grow from USD 11.8 Billion in 2023 to USD 18.3 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.64% during the forecast period (2023 - 2032). Increasing need for sustainable packaging from numerous businesses, as well as increased use of mobile phones are the key market drivers enhancing the market growth.

Honeycomb Packaging Market

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Honeycomb Packaging Market Trends

  • The rising automobile market in emerging economies is significantly driving market growth

Market CAGR for honeycomb packaging is being driven by the growing automotive market in emerging economics. Honeycomb packaging is used in the automobile industry to bundle vehicle parts. The  automobile sector is predicted to expand in response to increased demand from emerging economies such as China and India. In comparison to established markets, India and China have low car penetration. The automotive industry's sales are predicted to climb as the middle-class population grows and their disposable money improves, as owning a car is one of their objectives.  automotive production is expected to increase during the predicted period. OEMs will expand output of automotive parts utilised in the final automobile vehicle as the automotive industry's market grows. As a result, the growing need for honeycomb packaging required to pack automotive parts will propel the  honeycomb packaging market.

Additionally, the products sold in the e-commerce sector must be securely wrapped. Otherwise, they risk being damaged while being sent or moved over large distances. This might raise the likelihood of consumers not using the same supplier again by 50%. As a result, e-commerce companies employ protective packaging, such as honeycomb packaging. Furthermore, consumers may utilise the Internet to openly express their discontent with the supplier's service. This may result in an unfavourable public perception of the supplier. Even if a customer returns a faulty item, the corporation must absorb the additional costs. As a result, it is critical for e-commerce businesses to invest in superior packaging to secure their items. The Internet is widely used at the moment. This has led to the expansion of the e-commerce business in recent years. During the projection period, the industry is expected to grow further. Growing e-commerce sales will enhance the demand for honeycomb packaging, propelling the worldwide honeycomb packaging market forwards.

Furthermore, because to their outstanding compression strength and recyclable nature, paper honeycomb products are increasingly being used in industrial packaging applications, which will drive market revenue growth.

Honeycomb Packaging Market Segment Insights

Honeycomb Packaging Type Insights

The  Honeycomb Packaging Market segmentation, based on packaging type includes interior packaging, exterior packaging, pallets and others. Over the projected period, the exterior packaging segment is expected to have the biggest revenue share, due to its rapidly rising popularity for honeycomb paperboard packaging type. Exterior packaging materials are the outer containers and boxes in which things are packed before being transported or carried. They are the overall outer wrapping that protects the entire goods during shipping from the vendor to the customer. Over the projected period, the exterior packaging category will rise due to consistent demand from end-user industries such as autos, furniture, and consumer products. 

Figure1:  Honeycomb Packaging Market, by Packaging Type, 2022 & 2032 (USD Billion)

Honeycomb Packaging Market, by Packaging Type, 2022 & 2032

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Honeycomb Packaging End-User Insights

The  Honeycomb Packaging Market segmentation, based on end-user, includes consumer goods, food and beverages, furniture, industrial goods, automotive. Over the projection period, the furniture segment is expected to rise above all others in terms of revenue generation. The increased demand for furniture is a major factor driving this segment's growth. Furniture applications are projected to drive paperboard honeycomb market share due to rising demand for lightweight and cost-effective materials. The use of materials with high strength to thickness ratios, high strength to weight ratios, and acoustic properties in interior tables, chairs, and other furniture applications is growing. Furthermore, increased aesthetic aspects of paper honeycomb products are expanding their popularity as furniture design materials. As a result, the honeycomb segment promotes market growth revenue.

Honeycomb Packaging Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America emerged as the largest market for Honeycomb Paperboard Packaging in 2022, with the greatest revenue shares due to well-established automotive and furniture end-use industries. The large size of end-user industries in this region promotes market revenue growth throughout the predicted period.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.



Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Honeycomb Packaging Market accounts for the second-largest market share due to stiff competition from countries that have low production costs. Further, the German Honeycomb Packaging Market held the largest market share, and the UK Honeycomb Packaging Market was the fastest growing market in the European region

The Asia-Pacific Honeycomb Packaging Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to rapid urbanization and increased penetration of end-user industries in this region further, contribute to APAC market growth. Moreover, China’s Honeycomb Packaging Market held the largest market share, and the Indian Honeycomb Packaging Market was the fastest growing market in the Asia-Pacific region.

Honeycomb Packaging Key Market Players& Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Honeycomb Packaging Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Honeycomb Packaging industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the  Honeycomb Packaging industry to benefit clients and increase the market sector. In recent years, the Honeycomb Packaging industry has offered some of the most significant advantages to medicine. Major players in the Honeycomb Packaging Market, including 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) and others, are attempting to increase market demand by investing in R&D operations.

Shiseido firm, Limited is a Japanese  cosmetics firm that was formed in 1872 in Tokyo, Japan. Skin care, cosmetics, body care, hair care, and perfumes are among its product categories. The corporation is one of the oldest in the world, celebrating its 150th anniversary in 2022. It is Japan's largest cosmetic company and the world's fifth largest cosmetic enterprise. Shiseido is offered in Japan at cosmetic counters at select department shops and most pharmacies. In addition to its main label, the corporation controls a slew of other brands and subsidiaries around the world. The corporation is based in Tokyo and is publicly traded on the Tokyo Stock Exchange. In June 20, 2022, Shiseido has introduced sustainable product packaging solutions for e-commerce customers. The firm used more environmentally friendly stuffing paper and honeycomb wrap instead of bubble wrap within the e-commerce package. The innovative cushioning honeycomb wrap is made of Kraft paper and is completely recyclable.

BASF SE is a European multinational corporation and the world's largest chemical producer. The company's headquarters are in Ludwigshafen, Germany. BASF has subsidiaries and joint ventures in over 80 countries and runs six integrated manufacturing sites as well as 390 other manufacturing locations throughout Europe, Asia, the Americas, Australia, and Africa. BASF has customers in over 190 countries and serves a wide range of sectors. Despite its size and  reach, BASF has gotten little public notice since it stopped manufacturing and selling BASF-branded consumer electronics items in the 1990s. In June 2023, BASF announced intentions to close one of its two ammonia facilities at its Ludwigshafen facility as part of the company's cost-cutting efforts as the organisation has struggled with rising energy expenses.

Key Companies in the Honeycomb Packaging market include

  • ACH Foam Technologies (U.S)

  • Smurfit Kappa Group Plc (Ireland)


  • DS Smith PIc (U.K)

  • Packaging Corporation of America (U.S)

  • Sonoco Products Company (U.S)

  • BASF SE (Germany)

  • square Eco-Products Pvt.Ltd. (India)

  • Sealed Air Corporation (U.S)

  • WestRock Company (U.S)

Honeycomb Packaging Industry Developments

In May 2022, ALDO Naratama Tbk (ALDO) introduced a green product equivalent for Hexcel Wrap, Indonesia's first plastic bubble wrap. This product is intended to reduce the amount of plastic waste generated by e-commerce enterprises. Hexcel Wrap is a sustainable product and an alternative to bubble wrap in the shape of a honeycomb structure composed of recycled paper used as a protection option in packaging goods shipments, particularly for the e-commerce business.

In September 2021, Ajit Industries Private Limited (AIPL), one of India's top industrial tape makers, has introduced Self Adhesive Kraft Paper Tape and Honeycomb Paper. These environmentally friendly and sustainable packaging alternatives are being developed to eliminate plastic waste in secondary packaging. The company intends to employ these sustainable and biodegradable alternatives to replace non-biodegradable plastic used in secondary packaging.

 In March 2022, Antalis Packaging created an easy-to-recycle honeycomb cell design that can be a viable alternative to timber shipping crates, providing greater protection for a corporation that required sustainable crates for the international shipment of big, fragile commodities. A custom-built shipping box constructed of PALLITE, a lightweight, paper-based material reinforced with a 25mm honeycomb cell design, is part of the solution.

Honeycomb Packaging Market Segmentation

Honeycomb Packaging Market By Packaging Type Outlook

  • Interior Packaging

  • Exterior Packaging

  • Pallets

  • Others

 Honeycomb Packaging Market By End-Use Outlook

  • Consumer Goods

  • Food and Beverages

  • Furniture

  • Industrial Goods

  • Automotive

Honeycomb Packaging Regional Outlook

  • North America

    • US

    • Canada

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

    • Middle East

    • Africa

    • Latin America

Report Attribute/Metric Details
Market Size2022 USD 11.2 Billion
Market Size 2023 USD 11.8 Billion
Market Size2032 USD 18.3 Billion
Compound Annual Growth Rate (CAGR) 5.64% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2018- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Packaging Type, End-User, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled  BASF SE: (Germany), ACH Foam Technologies (U S), DS Smith pic (UK), 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).
Key Market Opportunities Growing demand for flexible packaging.
Key Market Dynamics Increasing demand for e-Commerce sector.

Frequently Asked Questions (FAQ) :

The Honeycomb Packaging Market size was valued at USD 11.2 Billion in 2022.

The Honeycomb Packaging market is projected to grow at a CAGR of 5.64% during the forecast period, 2023-2032.

North America had the largest share in the Honeycomb Packaging market

The key players in the Honeycomb Packaging market are 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).

Exterior packaging category dominated the Honeycomb Packaging market in 2022.

Furniture had the largest share in the Honeycomb Packaging market.

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Request Free Sample
Purchase Option
Single User $ 4,950
Multiuser License $ 5,950
Enterprise User $ 7,250
Compare Licenses
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.
Ask for Customization