What is Honeycomb Paperboard Packaging Market?
Honeycomb is one of the most durable and cost-effective core packaging materials, with excellent absorbing, cradling, bracing, and cushioning capabilities. Honeycomb packaging's growing applications, especially for electronics and automotive products that are prone to damage during transportation, will propel the market forward during the forecast period. The high demand for protective and sustainable packaging is one of the main factors driving this market's development. The high growth rate in the manufacturing industry and the e-commerce sector is directly linked to the rising demand for honeycomb paperboard packaging.
The market study is being classified by Type (Interior Packaging, Exterior Packaging and Others), by Application (Shock Absorber, Bracing, Cradling, Void Fillers, Cushion and Others) and major geographies with country level break-up.
Smurfit Kappa Group plc (Ireland), Cascades (Canada), Axxor (Netherlands), Complete Packaging Solutions (India), Dufaylite Developments ( United Kingdom), HonECOre (India), Multi-Wall Packaging (United States), Rebul Crating Solutions (South Africa) and Yoj Pack-Kraft (India) are some of the key players profiled in the study.
Leading key players of the Honeycomb Paperboard Packaging market are focusing on strategic partnerships to improve their products and services along with focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA predicts that Global Vendors will contribute to the maximum growth of Global Honeycomb Paperboard Packaging market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Honeycomb Paperboard Packaging market by Type, Application and Region.
On the basis of geography, the market of Honeycomb Paperboard Packaging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Consumer Demand for Premium Packaging
- Increasing Demand for Environment-friendly Packaging Solutions
Market Trend
- Availability of Customization in the Honeycomb Paperboard Packaging
Restraints
- Lightweight of the Flexible Packaging as compared to the Honeycomb Paperboard Packaging
Opportunities
- Increasing Demand for Packaging from Automotive and E-commerce Sectors
- Growth Opportunities in Emerging Market such as India and China.
Challenges
- Rise of the Flexible Packaging Types
"The Paper & Paperboard Packaging Environmental Council (PPEC) represents the environmental interests of the Canadian corrugated & containerboard industry. Established in 1990, the council’s membership includes both the packaging mills that make containerboard, boxboard and kraft paper packaging material, and the converters who turn this into boxes, bags, and cartons. and The RPTA Protocol contains a list of chemicals developed in cooperation with leading food safety industry experts, along with their corresponding health risk-based allowable concentrations. The Protocol establishes a testing regime to evaluate levels of unintended chemical constituents in paperboard or containerboard and contains information on how to use the test data. In addition, it establishes a process for further evaluations should test results deem additional study is needed."
Key Target Audience
Honeycomb Paperboard Packaging Manufacturers, Honeycomb Paperboard Packaging International Traders, Honeycomb Paperboard Packaging Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others