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Global Honeycomb Paper Market to reach USD 10.51 billion by the end of 2029.

Global Honeycomb Paper Market Size study & Forecast, by Core Type (Expanded Paper Honeycomb, Blocks Paper Honeycomb, Continuous Paper Honeycomb, Others), By Cell Size (Up to 10 mm, 10 to 30 mm, Above 30 mm), By End-Use (Home Decor, Transport and Logistics, Automotive, Building and Construction, Others), and Regional Analysis, 2022-2029

Product Code: CMAM-82781184
Publish Date: 1-04-2023
Page: 200

Global Honeycomb Paper Market is valued at approximately USD 6.9 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.4% over the forecast period 2022-2029. Honeycomb paper is a lightweight and environmentally friendly material that is utilized in a range of applications. Paper is cut into a series of hexagonal cells, which are then glued together to create the structure of a honeycomb. The end product is a robust, stiff, and lightweight material that is perfect for use in furniture, insulation, packaging, and other applications where strength and weight are crucial factors. Since recycled paper is often used in the production of honeycomb paper, it is a sustainable and green product. It is a popular choice for many industries because it is also easily made and economically priced. The cells’ hexagonal structure adds to their strength and stability, and the air pockets they contain have superior insulating qualities. The market demand is primarily driven by the factors such as the surge in the need for lightweight packaging solutions in a variety of sectors, including food and beverage, car parts, and protective packaging for glass, coupled with the increased focus being given to developing infrastructure that will provide a calm and convenient environment in public spaces, as well as the expanding use of paper honeycomb products in industrial packaging because of their superior compressive strength.

In addition, the global increase in automotive vehicle manufacturing is acting as a major driving factor for market growth. According to Statista, in 2021, over 80 billion automobiles will be built worldwide. When compared to the previous year, this figure represents a 3% gain. In 2020, China, Japan, and Germany were the top three manufacturers of automobiles and commercial vehicles, thus, in turn, these factors are expected to escalate the demand for vaccines in the global market. Furthermore, the rapid industrialization and emerging economies, as well as utilizing advanced materials and reducing vehicle unsprung weight are presenting lucrative opportunities for market growth over the forthcoming years. However, fluctuation in the availability and cost of raw materials is restricting the market growth over the forecast period of 2022-2029.

The key regions considered for the Global Honeycomb Paper Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the large population and a growing economy, which is driving the demand for eco-friendly and cost-effective materials in various industries such as packaging, furniture, automotive, and construction. China is the largest producer and consumer of honeycomb paper in the region, followed by Japan and India. Whereas, Europe is also expected to grow at the highest growth rate over the forecasting period. Factors such as demand for sustainable and lightweight materials in various industries are burgeoning the market growth in the forecasting years.

Major market players included in this report are:
Lsquare Eco Products Pvt. Ltd.
EcoGlobe Packaging Private Limited
Greencore Paper Conversion Pvt. Ltd.
Crown Holdings Inc.
Schütz GmbH & Co. KGaA
Honicel Nederland B.V.
Axxor Group
YOJ Pack-Kraft
Helios Packaging

Recent Developments:
 In November 2021, Schütz and Bayern-Fass have been working together successfully in the reconditioning of industrial packaging for decades. Currently, the businesses are strengthening their alliance once more as Schütz buys a small interest in Bayern-Fass. The united objective is to promote the closed loop economy model and boost service and quality once again in line with the sustainability concept.

Global Honeycomb Paper Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Core Type, Cell Size, End-Use, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Core Type:
Expanded Paper Honeycomb
Blocks Paper Honeycomb
Continuous Paper Honeycomb

By Cell Size:
Up to 10 mm
10 to 30 mm
Above 30 mm

By End-Use:
Home Décor
Transport and Logistics
Building and Construction

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Honeycomb Paper Market, by Region, 2019-2029 (USD Billion)
1.2.2. Honeycomb Paper Market, by Core Type, 2019-2029 (USD Billion)
1.2.3. Honeycomb Paper Market, by Cell Size, 2019-2029 (USD Billion)
1.2.4. Honeycomb Paper Market, by End-Use, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Honeycomb Paper Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Honeycomb Paper Market Dynamics
3.1. Honeycomb Paper Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Need for lightweight packaging solutions. Expanding utilization in packaging industries. Increase in automotive vehicle manufacturing.
3.1.2. Market Challenges Fluctuation in the availability and cost of raw material.
3.1.3. Market Opportunities Rapid industrialization and emerging economies. Utilization of advanced material.
Chapter 4. Global Honeycomb Paper Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Honeycomb Paper Market, by Core Type
6.1. Market Snapshot
6.2. Global Honeycomb Paper Market by Core Type, Performance – Potential Analysis
6.3. Global Honeycomb Paper Market Estimates & Forecasts by Core Type 2019-2029 (USD Billion)
6.4. Honeycomb Paper Market, Sub Segment Analysis
6.4.1. Expanded Paper Honeycomb
6.4.2. Blocks Paper Honeycomb
6.4.3. Continuous Paper Honeycomb
6.4.4. Others
Chapter 7. Global Honeycomb Paper Market, by Cell Size
7.1. Market Snapshot
7.2. Global Honeycomb Paper Market by Cell Size, Performance – Potential Analysis
7.3. Global Honeycomb Paper Market Estimates & Forecasts by Cell Size 2019-2029 (USD Billion)
7.4. Honeycomb Paper Market, Sub Segment Analysis
7.4.1. Up to 10 mm
7.4.2. 10 to 30 mm
7.4.3. Above 30 mm
Chapter 8. Global Honeycomb Paper Market, by End-Use
8.1. Market Snapshot
8.2. Global Honeycomb Paper Market by End-Use, Performance – Potential Analysis
8.3. Global Honeycomb Paper Market Estimates & Forecasts by End-Use 2019-2029 (USD Billion)
8.4. Honeycomb Paper Market, Sub Segment Analysis
8.4.1. Home Décor
8.4.2. Transport and Logistics
8.4.3. Automotive
8.4.4. Building and Construction
8.4.5. Others
Chapter 9. Global Honeycomb Paper Market, Regional Analysis
9.1. Honeycomb Paper Market, Regional Market Snapshot
9.2. North America Honeycomb Paper Market
9.2.1. U.S. Honeycomb Paper Market Core Type breakdown estimates & forecasts, 2019-2029 Cell Size breakdown estimates & forecasts, 2019-2029 End-Use breakdown estimates & forecasts, 2019-2029
9.2.2. Canada Honeycomb Paper Market
9.3. Europe Honeycomb Paper Market Snapshot
9.3.1. U.K. Honeycomb Paper Market
9.3.2. Germany Honeycomb Paper Market
9.3.3. France Honeycomb Paper Market
9.3.4. Spain Honeycomb Paper Market
9.3.5. Italy Honeycomb Paper Market
9.3.6. Rest of Europe Honeycomb Paper Market
9.4. Asia-Pacific Honeycomb Paper Market Snapshot
9.4.1. China Honeycomb Paper Market
9.4.2. India Honeycomb Paper Market
9.4.3. Japan Honeycomb Paper Market
9.4.4. Australia Honeycomb Paper Market
9.4.5. South Korea Honeycomb Paper Market
9.4.6. Rest of Asia Pacific Honeycomb Paper Market
9.5. Latin America Honeycomb Paper Market Snapshot
9.5.1. Brazil Honeycomb Paper Market
9.5.2. Mexico Honeycomb Paper Market
9.5.3. Rest of Latin America Honeycomb Paper Market
9.6. Rest of The World Honeycomb Paper Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Lsquare Eco Products Pvt. Ltd. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. EcoGlobe Packaging Private Limited
10.2.3. Greencore Paper Conversion Pvt. Ltd.
10.2.4. Crown Holdings Inc.
10.2.5. Schütz GmbH & Co. KGaA
10.2.6. Honicel Nederland B.V.
10.2.7. Axxor Group
10.2.8. YOJ Pack-Kraft
10.2.9. Helios Packaging
10.2.10. MAC PACK
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
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Technological advancements and projected developments in the market
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