The global honeycomb containers market is expected to grow at a significant CAGR during the forecast period (2022-2028). Honeycomb containers are the packaging boxes that aim to provide the maximum levels of protection mainly attributed to its cushion and shock absorbing properties, which in turn, minimize the product damage. The better stack capacity and the optimization of load stability of the honeycomb paperboards make them one of the mostly preferred containers for boxing the goods across various verticals. The market growth is majorly attributable to the growing demand for safe transit of products. This is further backed by the high penetration of e-commerce and the resulting increased online shopping. All these factors are creating a substantial scope for honeycomb containers as an effective means of packaging. This is likely to spur the overall growth of the market during the future years.
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Another key trend observed in the market includes the growing need for sustainability in the packaging industry. For instance, as per the Plastic Europe, PP, PE-LD/PE-LLD, and PS+EPS variety of plastics are most commonly used for food packaging in Europe; PET plastic is used for beverage packaging, and PE-HD/PE-MD plastic is used for cosmetics packaging. Additionally, in 2020, around 40.5% of the total 55 million tones of plastic produced in Europe were consumed by the packaging industry. This drives toward the demand for sustainable honeycomb containers in the future years.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape: Yamaton Paper GmbH, and Hexcel Corp., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Honeycomb Containers Market Report by Segment
By Type
- Native Paper
- Recycling Paper
By Application
- Factory
- Express Delivery
- Others
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