Honeycomb-shaped structures Market Size 2021| Status | Top Players | Trends And Forecast To 2030

ALLIED MARKET RESEARCH

Honeycomb structures are honeycomb-shaped structures that can be found in nature or are created artificially. These are sandwiched between two thin sheets to create honeycomb packaging materials. A honeycomb structure, also known as a hexagonal structure, is a six-sided polygonal shape that results in a structure’s great strength by evenly dispersing load over a broad area. Even a material as simple as Kraft paper with a honeycomb structure has enough strength to raise a load of several tones. Paper honeycomb board has shown to be particularly beneficial in protective packaging and other related applications across a wide range of industries. Honeycomb designs help packaging materials reduce density while also boosting shear and compression performance. This reduces the amount of material used while increasing strength. Honeycomb packaging is 100% environment-friendly, lightweight, shock-absorbent, and does not vary in size as a result of temperature changes. Due to the simple availability of Kraft paper in bulk and the minimal investment required to manufacture numerous goods from paper honeycomb board, the paper honeycomb industry is expected to experience rapid growth.

Market Scope and Structure Analysis

Report Metric Details
Market Size Available for Years 2020–2030
Base Year Considered 2020
Forecast Period 2021–2030
Forecast Unit Value (USD)
Regions Covered North America, Europe, Asia-Pacific, LAMEA
Segments Covered Core Type, Thickness, End User, Product Type, Distribution Channel, and Region
Companies Covered BASE SE, ACH Foam Technologies, DS Smith plc, HUHTAMAKI GROUP., Lsquare Eco-Products Pvt. Ltd., Packaging Corporation of America, Sealed Air Corporation, Sonoco Products Company, WestRock Company.

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COVID-19 Impact analysis

  • Companies were making rapid progress toward their sustainability targets prior to COVID-19. The coronavirus pandemic, on the other hand, has had a negative impact on a variety of companies around the world, particularly the packaging industry.
  • Packaging businesses were developing new technologies that were environmentally benign, reusable, and biodegradable. Concerns about the hygiene and safety of reused packaging, however, put a temporary halt to the packaging industry’s development toward a circular and sustainable supply chain.
  • In all elements of consumer purchasing, direct to consumer has been the focus through an e-commerce platform with stay-at-home orders. Single-use packaging and wrapping for parcels dispatched by e-commerce vendors is on the rise as a result of this trend. This has resulted in an increase in e-commerce demands for one’s safety, as more people are buying online.

Top Impacting Factors

  • Honeycomb packing has the following characteristics—minimal material consumption, low weight, difficult to deform, pressure, shock, and bending resistance, superior cushioning performance, and recyclable. These properties of increases the demand for honeycomb paper in the market.
  • Honeycomb packaging experiencing growth due to rise in demand for lightweight, environment-friendly, and low-cost packaging from food & beverage, automotive, and other industries.
  • The key growth driver for honeycomb packaging is the growing demand for sustainable packaging from various industries such as automotive, furniture, consumer products, and others.
  • Furthermore, the surge in demand for e-commerce fuels the expansion of the packaging business, which has increased the rise of honeycomb packaging.

Market Trends

Types of honeycomb paper packaging to provide variety to end users and flourish the market

Honeycomb technology has been used to make a range of items from the time of Euclid and Zenodorous, who were the first to discover the magical capabilities of honeycombs. They were the first to recognize that hexagonal designs can make the most efficient use of material space.

Nomex honeycombs are made of Nomex paper, which is a type of fiber paper. It is extremely strong and fire-resistant and has a strong foundation and is expensive than other materials. It is utilized in the production of solid materials, particularly in the sector of aromatics.

Honeycombs made of thermoplastic are lightweight and easily recyclable. They are effective, but forming a solid relationship with this type of honeycomb is challenging. Polycarbonate honeycombs, for example, have outstanding properties like as heat resistance, high light transmission, UV resistance, and others. Polyethylene is a honeycomb that can be used for a variety of purposes.

Honeycombs made of stainless steel are commonly seen in railway doors and other heavy machinery. They last a long time and can be used to make a variety of honeycomb items. Aluminum honeycombs are one of the most durable honeycomb types available. They are made up of blocks that are stretched to form a sheet and have a great strength.

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Key Segments Covered

Core Type

  • Expanded Paper Honeycomb
  • Blocks Paper Honeycomb
  • Continuous Paper Honeycomb
  • Others

Thickness

  • Up to 15mm
  • 15mm to 30mm
  • Above 30mm

End User

  • Construction industry
  • Automotive industry
  • Warehousing
  • Transport & logistics services
  • Others

Product Type

  • Pallets
  • Box
  • Partitions
  • Fitments
  • Buffers
  • Others

Distribution Channel

  • Offline
  • Online

Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Benefits of the Report

  • This study presents the analytical depiction of the honeycomb paper industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the honeycomb paper market share.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the honeycomb paper market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed honeycomb paper market analysis based on competitive intensity and how the competition will take shape in coming years

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Questions answered in the Report

  • Who are the leading market players active in the honeycomb paper market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
  • What is “Honeycomb Paper” Market prediction in the future?
  • Which will be the niches at which players profiling with recent advancements should set a presence?
  • What are the driving factors and opportunities in the market?
  • What are the current trends and predicted trends?
  • What are the challenges faced in the “Honeycomb Paper” Market?

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