Paper Honeycomb Market Size By Core (Continuous Unexpanded, Slices Unexpanded, Pre-Expanded Sheets), By Application (Automotive, Building & Construction, Household Appliances, Furniture, Food & Beverages, Ceramics, Glass, Distribution, Electronics, Metal Mechanics), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Paper honeycomb market is slated to record significant gains over the forthcoming timeframe owing to the growing demand for environment friendly packaging solutions, increasing product adoption across numerous application avenues such as ceramics, automotive, glass, household appliances, metal mechanics among many others. Paper honeycomb is referred as a lightweight, durable and cost-effective packaging solution which is tailor-made utilizing kraft paper material
Paper honeycomb market is divided into segments in terms of core, application, and regional landscape.
In terms of application, the overall paper honeycomb market is bifurcated into metal mechanics, electronics, distribution, glass, ceramics, food & beverages, furniture, household appliances, building & construction, and automotive. Among these, household appliances segment will witness substantial growth over the coming years. Household appliances like refrigerators, washing machines, and other white goods utilize several protective packaging materials to make sure no damage is done during transportation and storage of these products.
The key objective of protective packaging is to minimalize the risk of logistic damage and to ensure customer satisfaction. Additionally, shifting trends to use environment friendly packaging materials instead of fossil-based packaging materials will further drive the consumption of paper honeycomb over the forecast timeframe.
Ceramics application segment is slated to grow at a considerable rate over the coming years. Consumption of ceramics across Middle East and Asia-Pacific region is rapidly growing mainly due to the growing construction activities across the regions. Development of various ceramic tile product portfolio and availability of extensive range of product portfolio are further fueling the ceramic tiles consumption. Ceramic tiles are generally packaged with paper honeycomb boxes or cardboard boxes. Subsequently, requirement of separates and fillers during ceramic tiles packaging is also expected to drive the paper honeycomb product demand.
Metal mechanics application segment is slated to exhibit lucrative growth rate over the forthcoming time period. The product applications comprise of protective packaging solutions mainly for metal mechanic products. Rising demand for metal mechanics products from numerous end-user industries such as building & construction, industrials, among many other are expected to fuel the product demand over the forthcoming time period.
Others application segment includes transportation and industrial parts among others. Large industrial parts require customized packaging solution to ensure damage free transportation of such devices. Similarly, higher costs of industrial parts also require careful logistics solution.
In addition, extensive range of packaging products such as paper pallets to corner-protection, and total protection solution along with the need for lightweight packaging solution will further support the material demand through the projected time period.
On the geographical front, LATAM paper honeycomb market is slated to witness substantial growth over the coming years. Growing automotive production in countries such as Mexico, Brazil is further expected to boost the product demand for automotive packaging. Likewise, rapidly growing construction activities across the region owing to rapid urbanization and increasing population will positively influence product demand over the forecast time period.
Middle East & Africa paper honeycomb market will witness tremendous gains over the coming years owing to the rapidly growing construction industry. Additionally, positive indicators of growth from ceramics and glass industry are further expected to drive the product demand across the region.
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