Honeycomb Packaging Market, By Packaging Type (Exterior Packaging, Interior packaging, Pallets, and Others), By End-use industry (Automotive, Consumer goods, Food and beverages, Furniture, Industrial goods, and Others), And By Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
Honeycomb packaging is made by the conglutination of paper bands into a series of hexagons that are similar to the honeycomb structure, and are then sandwiched between two sheets. The properties of honeycomb packaging are low material consumption, low weight, difficulty to deform, resistance to pressure, shock and bending, good cushioning performance, and recyclability. Increasing demand for lightweight, environment-friendly, and low-cost packaging by food and beverages, automotive, and other industries is driving the growth of the honeycomb packaging market.
Market Dynamics
Asia Pacific accounted for the largest share of 34% in 2022 in the market. This is attributed to growing demand and government regulations for environment-friendly packaging such as honeycomb. North America is estimated to be the second largest and the fastest growing market over the forecast period due to rapid growth in automotive, industrial, and other sectors, especially in emerging economies such as India and China.
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