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Global Honeycomb Packaging Market 2017-2021

Global Honeycomb Packaging Market 2017-2021

About Honeycomb Packaging

Honeycomb packaging is a type of protective packaging used for protecting products during transportation and handling. This packaging is generally made from either plastic or paperboard. Honeycomb packaging can be used as edge protectors, die-cuts, and packaging dividers. The following exhibit shows some of the advantages of honeycomb packaging. In general, honeycomb packaging is made by joining two plain sheets, wherein the middle surface is a continuous series of hexagonal cells. Hence, it is sometimes also called hexacomb.

Technavio’s analysts forecast the global honeycomb packaging marketto grow at a CAGR of 5.17% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global honeycomb packaging market for 2017-2021. To calculate the market size, the report considers the revenue generated by different vendors through sales of various packaging types of honeycomb packaging such as interior packaging, exterior packaging, pallets packaging and others packaging. The others packaging includes honeycomb packaging dividers, cushioning materials and as a base for carton pallets.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Honeycomb Packaging Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • DS Smith
  • Smurfit Kappa Group
  • Packaging Corporation of America
  • Cascades
Other prominent vendors
  • Axxor
  • Complete Packaging Systems
  • Corint Group
  • Creopack
  • Honicel
  • Lsquare Eco-Products
  • Multi-Wall Packaging
  • PREMIER PACKAGING PRODUCTS
Market driver
  • Growing automotive market in emerging economies
  • For a full, detailed list, view our report
Market challenge
  • Rising prices of raw material
  • For a full, detailed list, view our report
Market trend
  • Rising trend of using lightweight packaging materials
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Honeycomb Packaging Market 2017-2021

Technavio recognizes the following companies as the key players in the global honeycomb packaging market: DS Smith, Smurfit Kappa Group, Packaging Corporation of America, and Cascades

Other Prominent Vendors in the market are: Axxor, Complete Packaging Systems, Corint Group, Creopack, Honicel, Lsquare Eco-Products, Multi-Wall Packaging, and PREMIER PACKAGING PRODUCTS

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Rising trend of using lightweight packaging materials. There is an increased focus on using lightweight packaging to reduce the weight of packaging. This is done to use less packaging material and reduce the cost. Hence, lightweight container board was developed. Due to reduced weight, the shipping cost is also reduced. This is because generally shipping services providers charge companies according to the weight of the package.”

According to the report, one of the major drivers for this market is Growing automotive market in emerging economies. Honeycomb packaging is used in the automotive market to pack automotive parts. The global automotive industry is expected to grow on the backdrop of the rising demand from the emerging markets, such as China and India. Compared with the mature markets, India and China have a low vehicle penetration. For example, in India, about 15-25 people owned vehicles per 1,000 people, and in China, around 100-110 people per 1,000 people owned vehicles in 2016. On the other hand, the number in the US was more than 800 people per 1,000 people in 2016.

Further, the report states that one of the major factors hindering the growth of this market is Rising prices of raw material. In general, a major part of honeycomb packaging is made of paperboard. This employs substantial use of wood pulp as a raw material for making paperboard. In 2015, the global wood pulp prices reached a peak compared with the previous 30 to 40 years. These increased prices of wood pulp led to a rise in the production cost incurred by the packaging companies, including the companies in the global honeycomb packaging market. The high prices of wood pulp are expected to increase at an average annual rate of around 0.5% to 1.5% during the forecast period.

Companies Mentioned

DS Smith, Smurfit Kappa Group, Packaging Corporation of America, Cascades, Axxor, Complete Packaging Systems, Corint Group, Creopack, Honicel, Lsquare Eco-Products, Multi-Wall Packaging, and PREMIER PACKAGING PRODUCTS

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Advantages of honeycomb packaging
  • Market landscape
    • Market ecosystem
      • Table Related market
      • Table Global honeycomb packaging market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2016
      • Table Market size 2016
      • Table Validation techniques employed for market sizing 2016
    • Market size and forecast 2016-2021
      • Table Global honeycomb packaging market – Market size and forecast 2016-2021 ($ millions)
      • Table Global honeycomb packaging market – Year-over-year growth 2016-2021 (%)
  • Five forces analysis
    • Table Five forces analysis 2016
    • Table Five forces analysis 2021
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces
  • Market segmentation by material
    • Global honeycomb packaging market by material
      • Table Global honeycomb packaging market by material – Market share 2016-2021 (%)
    • Comparison by material
      • Table Comparison by material
    • Global honeycomb packaging market by paperboard – Market size and forecast 2016-2021
      • Table Global honeycomb packaging market by paperboard – Market size and forecast 2016-2021 ($ millions)
      • Table Global honeycomb packaging market by paperboard – Year-over-year growth 2017-2021 (%)
    • Global honeycomb packaging market by plastic – Market size and forecast 2016-2021
      • Table Global honeycomb packaging market by plastic – Market size and forecast 2016-2021 ($ millions)
      • Table Global honeycomb packaging market by plastic – Year-over-year growth 2017-2021 (%)
    • Market opportunity by material
      • Table Market opportunity by material
  • Market segmentation by packaging type
    • Global honeycomb packaging market by packaging type
      • Table Global honeycomb packaging market by packaging type – Market share 2016-2021 (%)
    • Comparison by packaging type
      • Table Comparison by packaging type
    • Global honeycomb packaging market by interior packaging – Market size and forecast 2016-2021
      • Table Global honeycomb packaging market by interior packaging – Market size and forecast 2016-2021 ($ millions)
      • Table Global honeycomb packaging market by interior packaging – Year-over-year growth 2017-2021 (%)
    • Global honeycomb packaging market by exterior packaging – Market size and forecast 2016-2021
      • Table Global honeycomb packaging market by exterior packaging – Market size and forecast 2016-2021 ($ millions)
      • Table Global honeycomb packaging market by exterior packaging – Year-over-year growth 2017-2021 (%)
    • Global honeycomb packaging market by pallets packaging – Market size and forecast 2016-2021
      • Table Global honeycomb packaging market by pallets – Market size and forecast 2016-2021 ($ millions)
      • Table Global honeycomb packaging market by pallets – Market size and forecast 2016-2021–Year-over-year growth 2017-2021 (%)
    • Global honeycomb packaging market by others packaging – Market size and forecast 2016-2021
      • Table Global honeycomb packaging market by others – Market size and forecast 2016-2021 ($ millions)
      • Table Global honeycomb packaging market by others – Year-over-year growth 2017-2021 (%)
    • Market opportunity by packaging type
      • Table Market opportunity by packaging type
  • Customer landscape
    • Table Customer landscape
  • Regional landscape
    • Global honeycomb packaging market by geography
      • Table Global – Market share by geography 2016-2021 (%)
    • Regional comparison
      • Table Regional comparison
    • Honeycomb packaging market in Americas – Market size and forecast 2016-2021
      • Table Honeycomb packaging market in Americas – Market size and forecast 2016-2021 ($ millions)
      • Table Honeycomb packaging market in Americas – Year-over-year growth 2017-2021 (%)
    • Honeycomb packaging market in EMEA – Market size and forecast 2016-2021
      • Table Honeycomb packaging market in EMEA – Market size and forecast 2016-2021 ($ millions)
      • Table Honeycomb packaging market in EMEA – Year-over-year growth 2017-2021 (%)
    • Honeycomb packaging market in APAC – Market size and forecast 2016-2021
      • Table Honeycomb packaging market in APAC – Market size and forecast 2016-2021 ($ millions)
      • Table APAC – Year-over-year growth 2017-2021 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Factors influencing the rise in prices of wood pulp
      • Table Types of flexible packaging
  • Market trends
    • Rising trend of using lightweight packaging materials
    • Rising popularity of ship from store
    • Growing innovation in protective packaging market
  • Vendor landscape
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
    • Vendor classification
      • Table Vendor classification
    • DS Smith
      • Table DS Smith- Vendor overview
      • Table DS Smith – Business segments
      • Table DS Smith – Organizational developments
      • Table DS Smith – Geographic focus
      • Table DS Smith – Segment focus
      • Table DS Smith – Key offerings
    • Smurfit Kappa Group
      • Table Smurfit Kappa Group- Vendor overview
      • Table Smurfit Kappa Group– Business segments
      • Table Smurfit Kappa Group – Organizational developments
      • Table Smurfit Kappa Group – Geographic focus
      • Table Smurfit Kappa Group – Segment focus
      • Table Smurfit Kappa Group – Key offerings
    • Packaging Corporation of America
      • Table Packaging Corporation of America- Vendor overview
      • Table Packaging Corporation of America– Business segments
      • Table Packaging Corporation of America – Geographic focus
      • Table Packaging Corporation of America – Segment focus
      • Table Packaging Corporation of America – Key offerings
    • Cascades
      • Table Cascades- Vendor overview
      • Table Cascades – Business segments
      • Table Cascades – Organizational developments
      • Table Cascades – Geographic focus
      • Table Cascades – Segment focus
      • Table Cascades – Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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