Unlocking the Potential of Honeycomb Paper: A Market Size Analysis and Strategic Insights
Honeycomb Paper Industry Size
WILMINGTON, DELAWARE, UNITED STATES, July 9, 2024 /EINPresswire.com/ -- Allied Market Research recently released a report titled "Honeycomb Paper Market by Core Type, Cell Size, End-use Industry, and Region: Global Opportunity Analysis and Industry Forecast, 2020-2030." According to the report, the global honeycomb paper market is anticipated to reach $11.0 billion by 2030, growing from $6.5 billion in 2020 at a CAGR of 5.4% during the forecast period from 2021 to 2030.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ: https://www.alliedmarketresearch.com/request-sample/12194
Key factors driving market growth include the increasing adoption of expanded paper honeycomb as a sustainable alternative to traditional materials in applications such as partition walls and interior doors. Despite challenges related to processing performance in specific industries, the market is buoyed by the popularity of paper honeycomb pallets for air shipments due to their lightweight yet durable nature.
Segment-wise, the 10 to 30 mm cell size category dominated the market in 2020 and is projected to maintain its lead through 2030, growing at a CAGR of 5.6%. This growth is primarily fueled by rising urbanization and the consequent expansion of the building and construction industry, where these honeycomb papers are used extensively.
Despite challenges in processing performance for specific industries, honeycomb paper pallets are widely favored for air shipments due to their lightweight yet durable nature, promising lucrative growth opportunities.
The 10 to 30 mm cell size segment dominated in 2020, holding nearly half of the global market share and projected to grow at a CAGR of 5.6% through 2030. This growth is spurred by urbanization and population expansion, driving demand in the building and construction sector, particularly for interior door cores.
The home dรฉcor segment led the market in 2020, capturing over two-fifths of total revenue and expected to maintain dominance with a 5.8% CAGR throughout the forecast period. The segment benefits from the extensive use of paper honeycomb cores in products like interior furniture and doors.
Among end-use industries, the home dรฉcor segment captured more than two-fifths of the market share in 2020 and is expected to witness the fastest growth with a CAGR of 5.8% during the forecast period. This segment's expansion is driven by the widespread adoption of paper honeycomb cores in interior furniture and doors.
Geographically, Asia-Pacific held the largest market share in 2020, followed by Europe and North America. The Asia-Pacific region is poised to grow the fastest at a CAGR of 6.2% from 2021 to 2030, driven by increasing demand for sustainable home dรฉcor products and robust growth in the building and construction sector.
Key players in the market include YOJ Pack-Kraft, Schรผtz GmbH & Co. KGaA, Crown Holdings Inc., Axxor, MAC PACK, Helios Packaging, EcoGlobe Packaging Private Limited, Honicel Nederland B.V., Greencore Packaging, and Lsquare Eco Products Pvt. Ltd.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ข๐ง ๐๐ซ๐จ๐๐ฎ๐ซ๐ข๐ง๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ข๐ฌ๐ข๐ญ ๐๐๐ซ๐: https://www.alliedmarketresearch.com/honeycomb-paper-market/purchase-options
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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