Hexacomb Packaging Market Trends and Forecast
The future of the global hexacomb packaging market looks promising with opportunities in the food & drink, car, furniture, and consumer good markets. The global hexacomb packaging market is expected to reach an estimated $13.9 billion by 2030 with a CAGR of 6.3% from 2024 to 2030. The major drivers for this market are increasing preference for eco-friendly & recyclable packaging solutions, growing demand for protective & durable packaging, and rising need for robust packaging to safeguard products.
• Lucintel forecasts that outer packaging is expected to witness the higher growth over the forecast period.
• Within this market, food & drink is expected to witness the highest growth.
• APAC is expected to witness highest growth over the forecast period.
United States: Smurfit Kappa announced the expansion of its Hexacomb packaging production to meet increasing e-commerce demand, supported by government incentives for sustainable practices.
Germany: Mondi Group introduced Hexacomb packaging solutions for the automotive industry, aligning with the governmentÄX%$%Xs focus on eco-friendly packaging materials and reducing carbon footprints.
China: International Paper partnered with local firms to produce Hexacomb packaging, aiming to reduce plastic waste and comply with national environmental regulations.
Japan: Rengo Co., Ltd. launched innovative Hexacomb packaging designs for electronics, targeting enhanced product protection and adherence to government standards for sustainable packaging.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Hexacomb Packaging by Segment
The study includes a forecast for the global hexacomb packaging by type, application, and region.
Hexacomb Packaging Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Outer Packaging
• Internal Buffer
Hexacomb Packaging Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Food & Drinks
• Car
• Furniture
• Consumer Goods
• Others
Hexacomb Packaging Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Hexacomb Packaging Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies hexacomb packaging companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the hexacomb packaging companies profiled in this report include-
• Amcor
• Mondi
• Sonoco Products Company
• Sealed Air
• Huhtamaki OYJ
• Sappi
• DS Smith
• Coveris
• Sabert
• Wihuri
Recent Development in the Hexacomb Packaging Market
Smurfit Kappa: Smurfit Kappa has announced the expansion of its Hexacomb packaging production facilities in the United States. This initiative is aimed at meeting the rising demand from the e-commerce sector for sustainable and protective packaging solutions. Supported by government incentives for sustainable practices, Smurfit KappaÄX%$%Xs expansion underscores its commitment to providing eco-friendly packaging alternatives that cater to the increasing needs of online retail.
Mondi Group: Mondi Group has introduced new Hexacomb packaging solutions tailored for the automotive industry in Germany. This development aligns with the governmentÄX%$%Xs focus on promoting eco-friendly packaging materials and reducing carbon footprints. MondiÄX%$%Xs Hexacomb packaging is designed to provide superior protection for automotive parts while being environmentally sustainable, reflecting the companyÄX%$%Xs dedication to innovation and sustainability in packaging.
International Paper: International Paper has partnered with local manufacturers in China to produce Hexacomb packaging. This collaboration aims to reduce plastic waste and comply with national environmental regulations. By leveraging local partnerships, International Paper seeks to enhance its production capabilities and contribute to the growing demand for sustainable packaging solutions in the Chinese market.
Rengo Co., Ltd.: Rengo Co., Ltd. has launched innovative Hexacomb packaging designs specifically for the electronics industry in Japan. These designs focus on providing enhanced product protection while adhering to government standards for sustainable packaging. RengoÄX%$%Xs initiative aims to address the unique packaging needs of high-value and fragile electronics, ensuring safety during transportation and storage while supporting environmental sustainability.
DS Smith: DS Smith has introduced a new range of Hexacomb packaging products in Europe, emphasizing lightweight and strong materials to reduce shipping costs and environmental impact. The company is investing in advanced manufacturing technologies to produce high-quality Hexacomb packaging that meets the stringent requirements of various industries, including consumer goods and logistics. DS SmithÄX%$%Xs initiative reflects its commitment to sustainability and innovation in the packaging sector.
Features of the Global Hexacomb Packaging Market
Market Size Estimates: Hexacomb packaging market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Hexacomb packaging market size by type, application, and region in terms of value ($B).
Regional Analysis: Hexacomb packaging market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the hexacomb packaging market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the hexacomb packaging market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the hexacomb packaging market size?
Answer: The global hexacomb packaging market is expected to reach an estimated $13.9 billion by 2030.
Q2. What is the growth forecast for hexacomb packaging market?
Answer: The global hexacomb packaging market is expected to grow with a CAGR of 6.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the hexacomb packaging market?
Answer: The major drivers for this market are increasing preference for eco-friendly & recyclable packaging solutions, growing demand for protective & durable packaging, and rising need for robust packaging to safeguard products.
Q4. What are the major segments for hexacomb packaging market?
Answer: The future of the hexacomb packaging market looks promising with opportunities in the food & drink, car, furniture, and consumer good markets.
Q5. Who are the key hexacomb packaging market companies?
Answer: Some of the key hexacomb packaging companies are as follows:
• Amcor
• Mondi
• Sonoco Products Company
• Sealed Air
• Huhtamaki OYJ
• Sappi
• DS Smith
• Coveris
• Sabert
• Wihuri
Q6. Which hexacomb packaging market segment will be the largest in future?
Answer: Lucintel forecasts that outer packaging is expected to witness the higher growth over the forecast period.
Q7. In hexacomb packaging market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the hexacomb packaging market by type (outer packaging and internal buffer), application (food & drinks, car, furniture, consumer goods, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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