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Paper Honeycomb Market Trends

Report ID: GMI4814
Published Date: Jun 2024
Report Format: PDF

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Paper Honeycomb Market Trends

The growing e-commerce sector significantly increases the need for lightweight packaging solutions. With the growth of online shopping, there has been an increased demand for packaging materials that can protect products during transport while at the same time minimizing shipping costs. Paper Honeycomb offers a perfect solution that provides strong protection to goods without adding too much weight. Not only does this reduce shipping costs, but it also meets the growing consumer concerns and regulations about sustainability by using eco-friendly materials.

For example, in 2023, Kevlar® 1 mil N636 paper won a Silver Award for High-Performance Design in the Aerospace and Aviation Technologies category. This ultra-thin, ultra-light honeycomb paper is 20-30% lighter than similar products and can reduce the total aircraft weight by 3-4%, reducing operating costs and enhancing efficiency in the aircraft cabin.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size for paper honeycomb exceeded USD 4.3 billion in 2023 and will register 4.6% CAGR during 2024-2032 due to increasing focus on carbon footprint reduction.

The continuous non-expandable segment in the paper honeycomb market will register 4.7% CAGR from 2024 to 2032, driven by the excellent structural strength and its incorporation into various end products.

Asia Pacific market generated over USD 1.7 billion in 2023 and will grow at 5% CAGR during 2024-2032, fueled by rapid industrialization, urbanization, and growing environmental awareness.

Axxion Group, Dufaylite Developments Ltd., Grigeo AB, Honicel Group, Lsquare Eco-Products Pvt. Ltd., Packaging Corporation of America, Rebul Custom Packaging, Sealed Air Corporation, and Sonoco Products Company