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Honeycomb paperboard packaging is a kind of protective packaging used before shipping of products. It is good as shock absorber, bracing, cradling, void fillers, cushion, and can be used for expandable pallets. It is an environment-friendly packaging solution, which is 100% recyclable. The unique design of honeycomb packaging products gives them advantage over their substitutes such as corrugated boxes, EPS, and wood. Honeycomb is one of the strongest and most economical core materials available today. Honeycomb paperboard packaging products include pads, spacer, fillers, and pallets, which are used for filling empty spaces, block and bracing, and wrapping.
Scope of the Report:
This report studies the Honeycomb Paperboard Packaging market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Honeycomb Paperboard Packaging market by product type and applications/end industries.
One of the key drivers contributing to the growth of this market is the high demand for protective and sustainable packaging. The increasing demand for honeycomb paperboard packaging is directly related to the high growth rate in the manufacturing industry and the e-commerce sector. The growing use of protective packaging materials in these sectors for safe product delivery is driving the market for honeycomb paperboard packaging. Honeycomb is one of the strongest and most economical core packaging materials with good absorbing, cradling, bracing, and cushioning features. The growing applications of honeycomb packaging, especially for electronics and automotive products, which have high chances of damage during transportation, will spur further growth prospects for this market during the forecast period.
The Americas is estimated to continue to dominate the market over the next four years. Much of the region's growth can be attributed the rising consumer preference for sustainable packaging materials, and increasing awareness about honeycomb paperboard packaging. Factors such as an increase in cross-border trade and a growing demand for online shopping will contribute positively to the growth of the market in the region in the coming years.
The global Honeycomb Paperboard Packaging market is valued at xx million USD in 2017 and is expected to reach xx million USD by the end of 2023, growing at a CAGR of xx% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Honeycomb Paperboard Packaging.
Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
Market Segment by Companies, this report covers
- Smurfit Kappa
- PCA
- Cascades
- Axxor
- Complete Packaging Solutions
- Dufaylite Developments
- HonECOre
- Multi-Wall Packaging
- Rebul Custom Packaging
- Yoj Pack-Kraft
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
- Interior Packaging
- Exterior Packaging
- Others
Market Segment by Applications, can be divided into
- Shock Absorber
- Bracing
- Cradling
- Void Fillers
- Cushion