Home > Packaging > Industrial Packaging > Transport Packaging > Honeycomb Packaging Market

Honeycomb Packaging Market Share

Report ID: GMI7853
Published Date: Jan 2024
Report Format: PDF

Download Free Sample

Honeycomb Packaging Market Share

Honeycomb Packaging Market Company, (2023)

The honeycomb packaging industry resonates with a blend of consolidation and diversity. Major industry players such as Smurfit Kappa and DS Smith wield significant influence, capitalizing on their extensive product ranges, worldwide presence, and well-established brands. Yet, a multitude of agile regional enterprises and specialized manufacturers orbit around them, addressing unique requirements and providing tailor-made solutions.

On the price front, established players leverage economies of scale for cost-competitive offerings, while smaller players often play the differentiation card, emphasizing bespoke solutions and environmental consciousness. Distribution channels see established players focus on direct sales and established networks, while smaller players often rely on partnerships and e-commerce platforms for wider reach. Established players will likely focus on strategic acquisitions and vertical integration to solidify their dominance. Smaller players will need to sharpen their niche offerings and leverage partnerships to differentiate themselves.

Honeycomb Packaging Market Companies

Major players operating in the honeycomb packaging industry include:

Smurfit Kappa
DS Smith
NEFAB Group
Honecore
Cascades
Sonocco
Axxor Group
Grigeo
BEWI Cellpack
Signode
MAC Pack
IPC Family
Greencore Packaging
Packaging Corporation of America

Authors: Suraj Gujar, Sunita Singh

Frequently Asked Questions (FAQ) :

Industry size for honeycomb packaging was worth USD 12.7 billion in 2023 and is set to expand at over 5.9% CAGR from 2024 to 2032 attributed to its lightweight, eco-friendly, and high-strength characteristics.

Plastic-based honeycomb packaging industry generated USD 6.2 billion in revenue in 2023 and is estimated to record substantial growth through 2032 owing to its growing popularity to offer lightweight properties and durability in various applications.

Asia Pacific market size for honeycomb packaging was valued at over USD 19 billion in 2023 and is projected to exhibit robust growth through 2032 owing to the ongoing expansion of manufacturing and industrial sectors in the region.

Some of the leading honeycomb packaging firms are DS Smith, Smurfit Kappa, NEFAB Group, Honecore, Cascades, Sonocco, Axxor Group, Grigeo, Signode, MAC Pack, IPC Family, Greencore Packaging, and Packaging Corporation of America, among others.