Global Hexacomb Packaging Market
The Global Hexacomb Packaging Market was valued at US$4770 million in 2021 and it is expected to reach at US$7500 million in 2027 at a CAGR of 6.21% during forecast period 2022-2027.
The most popular paper-based honeycomb packaging option, Hexacomb, provides a completely customisable structural product to PCA's corrugated goods. The distinctive engineering of the hexacomb makes it robust and resilient, with rigidity and cushioning to offer the best possible protection. Hexacomb packaging is made of a paper-based material that offers an exceptional balance of strength and lightness.
Market Drivers
Hexacomb packaging is frequently used in shipping and transport because it is highly durable and safeguards goods from harm. Heavy paperboard packing, or hexacomb packaging, is mostly used for transportation. For a variety of products, including electronics, furniture, FMCG goods, and others, hexacomb packaging serves as protective packaging options. The hexacomb packaging is the current fashion in the packaging sector. It is the most environmentally friendly packaging option and offers more alternatives than other packaging types, particularly plastic packaging, which can result in the production of a lot more pointless waste that pollutes the environment on both land and at sea. These containers are easily recyclable, biodegradable, and won't pollute the environment in any harmful ways.
Market Restraints
Hexacomb packaging market growth would be further hampered over the aforementioned estimate period by the availability of several replacements, including lighter and smaller packages.
Additionally, the natural habitats are in danger due to an increase in paper use in the production of hexacomb packing. Therefore, the main market challenge that will slow the market's growth rate is the concern over environmental issues.
Market Segmentation
The global hexacomb packaging market is segmented into product type, application, function type and packaging type. By product type it segmented into container, cartons, boxes and others. By application it segmented into food and beverages, automotive goods, furniture, consumer goods, industrial goods and others. By function type it segmented into cushioning, blocking and bracing, void- fill, insulation, and wrapping. By packaging type it segmented into exterior packaging, interior packaging, pallets, and others.
Regional Analysis
The global hexacomb packaging market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. The hexacomb packaging market is dominated by North America in terms of revenue and market share. This is as a result of the existence of significant market participants here. The government's enhanced efforts to reduce packaging waste will also probably accelerate business expansion in this area.
Key Players
Various key players are listed in this report such as Amcor plc (Switzerland), Mondi (U.K.), Sonoco Products Company (U.S.), Sealed Air (U.S.), Huhtamaki OYJ (Finland), Sappi (South Africa), DS Smith (U.K.), Coveris (U.K.), Sabert (U.S.), Wihuri (Finland)
Market Taxonomy
By Product Type
• Container
• Cartons
• Boxes
• Others
By Application
• Food and Beverages
• Automotive Goods
• Furniture
• Consumer Goods
• Industrial Goods
• Others
By Function Type
• Cushioning
• Blocking and Bracing
• Void- fill
• Insulation
• Wrapping
By Packaging Type
• Exterior Packaging
• Interior Packaging
• Pallets
• Others
Key Question Addressed by the Report
• What are the Key Opportunities in Global Hexacomb Packaging Market?
• What will be the growth rate from 2022 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the role of key players in the value chain?
• What is the competitive Landscape in the industry?
Global Hexacomb Packaging Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Hexacomb Packaging Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Hexacomb Packaging Market, By Product Type
5.1 Y-o-Y Growth Comparison, By Product Type
5.2 Global Hexacomb Packaging Market Share Analysis, By Product Type
5.3 Global Hexacomb Packaging Market Size and Forecast, By Product Type
5.3.1 Container
5.3.2 Cartons
5.3.3 Boxes
5.3.4 Others
6 Global Hexacomb Packaging Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Hexacomb Packaging Market Share Analysis, By Application
6.3 Global Hexacomb Packaging Market Size and Forecast, By Application
6.3.1 Food and Beverages
6.3.2 Automotive Goods
6.3.3 Furniture
6.3.4 Consumer Goods
6.3.5 Industrial Goods
6.3.6 Others
7 Global Hexacomb Packaging Market, By Function Type
7.1 Y-o-Y Growth Comparison, By Function Type
7.2 Global Hexacomb Packaging Market Share Analysis, By Function Type
7.3 Global Hexacomb Packaging Market Share Analysis, By Function Type
7.3.1 Cushioning
7.3.2 Blocking And Bracing
7.3.3 Void- Fill
7.3.4 Insulation
7.3.5 Wrapping
8 Global Hexacomb Packaging Market, By Packaging Type
8.1 Y-o-Y Growth Comparison, By Packaging Type
8.2 Global Hexacomb Packaging Market Share Analysis, By Packaging Type
8.3 Global Hexacomb Packaging Valve Market Size and Forecast, By Packaging Type
8.3.1 Exterior Packaging
8.3.2 Interior Packaging
8.3.3 Pallets
8.3.4 Others
9 Global Hexacomb Packaging Market, By Region
9.1 Global Hexacomb Packaging Market Share Analysis, By Region
9.2 Global Hexacomb Packaging Market Share Analysis, By Region
10 North America Hexacomb Packaging Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 North America Hexacomb Packaging Market Share Analysis, By Product Type
10.3 North America Hexacomb Packaging Market Size and Forecast, By Application
10.4 North America Hexacomb Packaging Market Size and Forecast, By Function Type
10.5 North America Hexacomb Packaging Market Size and Forecast, By Packaging Type
10.5 North America Hexacomb Packaging Market Size and Forecast, By Country
10.5.1 U.S
10.5.1 Canada
10.5.3 Mexico
11 Europe Hexacomb Packaging Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Europe Hexacomb Packaging Market Share Analysis, By Product Type
11.3 Europe Hexacomb Packaging Market Size and Forecast, By Application
11.4 Europe Hexacomb Packaging Market Size and Forecast, By Function Type
11.5 Europe Hexacomb Packaging Market Size and Forecast, By Packaging Type
11.6 Europe Hexacomb Packaging Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.6.4 Rest of Europe
12 Asia Pacific Hexacomb Packaging Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Asia Pacific Hexacomb Packaging Market Size and Forecast, By Product Type
12.3 Asia Pacific Hexacomb Packaging Market Size and Forecast, By Application
12.4 Asia Pacific Hexacomb Packaging Market Size and Forecast, By Function Type
12.5 Asia Pacific Hexacomb Packaging Market Size and Forecast, By Packaging Type
12.6 Asia Pacific Hexacomb Packaging Market Size and Forecast, By Country
12.6.1 China
12.6.2 Japan
12.6.3 India
12.6.4. Rest of Asia Pacific
13 Latin America Hexacomb Packaging Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Latin America Hexacomb Packaging Market Size and Forecast, By Product Type
13.3 Latin America Hexacomb Packaging Market Size and Forecast, By Application
13.4 Latin America Hexacomb Packaging Market Size and Forecast, By Function Type
13.5 Latin America Hexacomb Packaging Market Size and Forecast, By Packaging Type
13.6 Latin America Hexacomb Packaging Market Size and Forecast, Country
13.6.1 Brazil
13.6.2. Rest of Latin America
14 Middle East Hexacomb Packaging Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Middle East Hexacomb Packaging Market Share Analysis, By Product Type
14.3 Middle East Hexacomb Packaging Market Size and Forecast, By Application
14.4 Middle East Hexacomb Packaging Market Size and Forecast, By Function Type
14.5 Middle East Hexacomb Packaging Market Size and Forecast, By Packaging Type
14.6 Middle East Hexacomb Packaging Market Size and Forecast, By Country
14.6.1. Saudi Arabia
14.6.2. UAE
14.6.3. Egypt
14.6.4. Kuwait
14.6.5. South Africa
15 Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1. Amcor plc. (Switzerland)
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2. Mondi (U.K.)
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3. Sonoco Products Company (U.S.)
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4. Sealed Air (U.S.)
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies
16.5. Huhtamaki OYJ (Finland)
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6. Sappi (South Africa)
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7. DS Smith (U.K.)
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8. Coveris (U.K.)
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9. Sabert (U.S.)
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10. Wihuri (Finland)
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies
