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Paper Honeycomb Board Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

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Paper Honeycomb Board Market Overview

Honeycomb structure or hexagonal structure is a six sided polygonal shape which results into very high strength of a structure by uniformly distributing load to a large area. Even a material such as Kraft paper in the form of honeycomb structure results into so much strength that it can lift a load in tonnes. Paper honeycomb board is found to be extremely useful in protective packaging and similar other applications for various industries. The paper honeycomb market seems to be large and expanding at a high pace due to easy availability of Kraft paper in bulk, and also low investment manufacturing of various products from paper honeycomb board.

Paper Honeycomb Board Market Dynamics

Due to the complete composition of Kraft paper, paper honeycomb board is completely recyclable and bio-degradable. As paper is a low-density material, the paper honeycomb board are very light in weight. This property results in the easy handling of the paper honeycomb board when not in use, and also reduces the transport cost of it. Paper is the material that provides high insulation, thermal as well as electrical, making the paper honeycomb board suitable for packaging of electrical and mechanical components and machinery. All the above-stated properties are responsible for the preference of various industries for using the paper honeycomb board over any other plastic protective packaging and has driven the market of the same. Although, the honeycomb structure is suitable for strengthening any type of material, whether it is plastic, paper or metal. Therefore, the load at which paper honeycomb board fails to withstand, the plastic honeycomb boards are incorporated and thus goes on to aluminium honeycomb panel. Since the continuous development of plastic materials has resulted in materials which are lightweight, biodegradable, recyclable and high strength, plastic honeycomb boards are capable of withstanding much higher loads than paper honeycomb board. Thus, the superior strength of plastics has proven to be a restraint for the paper honeycomb board market.

Paper Honeycomb Board Market Segmentation

The paper honeycomb board market can be segmented on the basis of thickness as

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

The paper honeycomb board market can be segmented on the basis of end-user industry as

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

The paper honeycomb board market can be segmented on the basis of end products as

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

The paper honeycomb board market can be segmented on the basis of the geographical regions as

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Middle East & Africa (MEA)
  • Asia Pacific excluding Japan (APEJ)
  • Japan

Paper Honeycomb Board Market Regional Outlook

Due to the property of the paper honeycomb board to withstand high loads, the machinery manufacturing industry and large volume handling firms would often require paper honeycomb board. Thus, Asia Pacific region with countries such as China and Japan are anticipated to provide a large market to the paper honeycomb board. The Western European region with countries such as UK, Germany, and Italy, with huge availability of industrial solutions, projects a large market opportunity. North America, specifically the US, possesses similar characteristics as that of Western Europe in terms of machinery production. On the other hand, Eastern Europe, Latin America, and Middle East & Africa regions are found to account for a small packaging industry, indicating a low pace growth for paper honeycomb market, especially Middle East countries where availability of the paper is not adequate. 

Paper Honeycomb Board Market Key Players

Some of the key players of the paper honeycomb board market are

  • Lsquare Eco-Products Pvt. Ltd.
  • Safe Corrugated Containers Pvt. Ltd.,
  • Yoj Pack Kraft
  • Grigeo, AB
  • Packaging Corporation of America
  • Honeycomb Cellpack A/S
  • Premier Packaging Products
  • Rebul Packaging Pty Ltd

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
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