DUBLIN--(BUSINESS WIRE)--The "Honeycomb Packaging - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.
The Global Honeycomb Packaging market accounted for $9.59 billion in 2017 and is expected to reach $17.93 billion by 2026 growing at a CAGR of 7.2%.
Rapid growth in the electronic sector, increasing applications of honeycomb packaging in various industries and growing demand for environment friendly, lightweight and low cost packaging are some of the factors driving the market.
Depending on Packaging Type the exterior packaging segment dominates the market owing to rising need for boxes, containers, cartons; continuous demand from end-user industries such as automobiles, furniture, and consumer goods and it provides enhanced safety in product transportation and is easy to handle. Rising disposable income of individuals has increased the consumer's purchasing power for various products due to its aesthetic look which inturn has raised the demand for exterior packaging in the market.
Geographically, North America dominates the market owing to rising need for automotive, furniture and consumer goods and presence of large size end-user industries in the region. Inaddition Asia Pacific region is anticipated to grow at a higher rate due to rapid urbanization and increased penetration of end-user industries in this region.
- BASF SE
- DS Smith
- Sealed Air Corporation
- Sonoco Products Company
- ACH Foam Technologies, Inc.
- Lsquare Eco-Products Pvt. Ltd.
- Smurfit Kappa Group
- WestRock Company
- Packaging Corporation of America
- Huhtamaki Group
- Dufaylite Developments
- Multi-Wall Packaging
- Rebul Custom Packaging
For more information about this report visit https://www.researchandmarkets.com/research/s3bdgk/honeycomb?w=4