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Global Honeycomb Sheets Market InsightJanuary 4, 2022 Comments
The Honeycomb Sheets is forecast to crazy increase over the next four years. According to the World Knowledge Information (WKI) “Global Honeycomb Sheets Professional Survey Report 2021, Forecast to 2026”, Increasing need for safe transportation is driving the demand for efficient packaging forms to ensure the product is delivered in its intact form to the end user.The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 5.6% base on WKI regression analysis model.
“The global honeycomb sheets market is expected to expand at a healthy CAGR over the forecast period on the backdrop of growing automobile and furniture end-use industries, among others. Honeycomb sheets are majority preferred by the consumers preferred as they provide strength and prevent it from corrosion.”said Judy Wilson,Senior analyst, Chemical & Material Market Research Center in WKI.
One of the key factors driving the growth of the global honeycomb sheets market is the rise of e-commerce, which is boosting the demand for honeycomb sheets globally due to an inevitable need of safe transit of products. The materials used for the production of honeycomb sheets are recyclable, thus a safe option for the manufacturers considering the environment perspective. Honeycomb sheets also provide convenience to the manufacturers as it can be easily die cut, assembled and fabricated.
Despite the positive factors, there are specific factors which are expected to hinder the growth of the global honeycomb sheets market. The lightweight of flexible packaging as compared to the honeycomb sheets packaging is one of the prime reason which is restraining the growth of the global honeycomb sheets market. Customization of the honeycomb sheets according to the need of the end use customers is expected to create opportunities of the global honeycomb sheets market.
This WKI market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Honeycomb Sheets companies that include DS Smith,Sealed Air Corporation, Sonoco Products Company,BASF SE,ACH Foam Technologies, Lsquare Eco-Products Pvt. Ltd, Smurfit Kappa Group,West Rock Company,Packaging Corporation of America, Huhtamaki Group,Safe Corrugated Containers Pvt. Ltd, Yoj Pack Kraft, Grigeo,AB,Honeycomb Cellpack A/S,Premier Packaging Products,Rebul Packaging Pty Ltd and etc.
Segmentation of Honeycomb Sheets Market:
On the basis of material, the global honeycomb sheets market is segmented as Plastic,Paper,Aluminum,Fiber and others.Among them, paper honeycomb occupies the main market.The expanding automotive sector, rising demand for lightweight auto parts, and growing number of automotive vehicle production facilities in Asia Pacific and Europe will further drive the paper honeycomb market demand. Stringent emission regulations and hefty penalties for violating them are pressurizing automotive manufacturers to lower emissions from passenger cars and commercial vehicles.
On the basis of end-use industry, the global honeycomb sheets market is segmented as automotive industry,electrical & electronics industry,logistics industry,food and beverage industry,industrial and consumer goods and others.Among them, the automobile industry occupies the main market.Honeycomb sheets provide the highest level of protection mainly attributed to their cushion and shock absorbing properties, which in turn minimizes the product damage. The improved stackability and the optimization of loading of the honeycomb sheets make them an ideal choice across various verticals.
Honeycomb Sheets Market: Regional Analysis
In terms of geography, the global Honeycomb Sheets market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.North America, Western Europe, and APEJ are expected to lead the global honeycomb sheets market currently and will continue to do so, over the forecast period. APEJ region is expected to register a robust CAGR, over the next eight years.
Largest share area：North America
Largest share country：the Unite States