Global Honeycomb Paperboard Packaging Market 2016-2020
About Honeycomb Paperboard Packaging
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.
Technavio’s analysts forecast the global honeycomb paperboard packaging market to grow at a CAGR of 5.59% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global honeycomb paperboard packaging market for 2016-2020. To calculate the market size, the report considers the revenue generated by end-users.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Honeycomb Paperboard Packaging Market 2016-2020
Technavio recognizes the following companies as the key players in the global honeycomb paperboard packaging market: Smurfit Kappa Group, Packaging Corporation of America, and Cascades.
Other Prominent Vendors in the market are: Axxor, Complete Packaging Solutions, Dufaylite Developments, HonECOre Paper Honeycomb Solutions, Honeycomb Products, Multi-Wall Packaging, Rebul Custom Packaging, and Yoj Pack-Kraft.
Commenting on the report, an analyst from Technavio’s team said: “Constantly changing consumer demand is one of the key trends spurring the growth of this market. Consumer packaging goods companies constantly change their packaging designs and labeling as per the demand of the customers. These changes in package designs and labeling are key differentiating factors for the sale of the products. There has been an increased awareness among customers about the contents of the products and the labeling; so, companies need to focus on the labeling. Generally, the brand or company that focuses on packaging design innovations leads the market.”
According to the report, increased use in e-commerce industry is a major driver contributing to this markets growth. With increasing internet penetration and growing popularity of the mobile internet, the sales in the ecommerce industry is increasing. As vendors in the e-commerce industry need to deliver products within small time frames without damages, they opt for protective packaging solutions such as honeycomb paperboard packaging. Thus, the increase in sales in this industry is boosting the honeycomb paperboard packaging market. The demand for protective packaging solutions in the ecommerce industry will increase further during the forecast period as ecommerce providers, who were initially focusing on reducing costs, are now emphasizing on reducing pilferage and damage in transit, brand building, product differentiation, and customer satisfaction.
Further, the report states that increasing demand for flexible protective packaging is a major challenge this market is facing. Flexible protective packaging is in huge demand because of the growing focus on convenience along with sustainability in the packaging industry. Flexible protective packaging materials are light weight with superior barrier properties and are easier to use compared to traditional rigid packaging materials. Moreover, flexible protective packaging is also becoming increasingly popular in the e-commerce industry, which primarily uses protective mailers, air pillows, and bubble packaging for the safe delivery of products to customers.
Smurfit Kappa Group, Packaging Corporation of America, Cascades, Axxor, Complete Packaging Solutions, Dufaylite Developments, HonECOre Paper Honeycomb Solutions, Honeycomb Products, Multi-Wall Packaging, Rebul Custom Packaging, Yoj Pack-Kraft.