Increase in use of expanded paper honeycomb as a substitute over traditional filling materials such as solid fillings, chipboard stripes, and tube board in interior doors and partition walls drive the growth of the global honeycomb paper market. On the other hand, poor processing performance of paper honeycomb paperboard limit the application of honeycomb paper in certain end-use industries, thereby impedes the growth to some extent.
Allied Market Research published a report, titled, “Honeycomb Paper Market by Core Type (Expanded Paper Honeycomb, Expanded Paper Honeycomb Blocks Paper Honeycomb, Continuous Paper Honeycomb, Others), by Cell Size (Upto 10 mm, 10 to 30 mm, Above 30 mm), by End-use Industry (Home Decor, Transport and Logistics, Automotive, Building and Construction, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030.” According to the report, the global honeycomb paper industry was estimated at $6.5 billion in 2020, and is anticipated to hit $11.0 billion by 2030, registering a CAGR of 5.4% from 2021 to 2030.
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COVID-19 impact analysis
The outbreak of the COVID-19 pandemic left a significant impact on the global economy. The honeycomb paper market report provides a detailed study of the micro- and macro-economic impacts of the pandemic. Moreover, the analysis depicts the direct impact of COVID-19 on the honeycomb paper market. It recapitulates the detailed information about the market extent and shares owing to the impact of the outbreak. The report also emphasizes on the supply chain and the sales of the honeycomb paper market. Last but not the least; the study also exhibits a post-COVID-19 scenario, portraying different measures and initiatives taken by the government bodies across the world.
The 10 to 30 mm segment accounted for nearly half of the global honeycomb paper market share in 2020, and is anticipated to rule the roost by 2030. The same segment would also cite the fastest CAGR of 5.6% throughout the forecast period. Growing population coupled with rapid urbanization has surged the growth of the building & construction sector in both the developed and developing economies where of cell sizes of honeycomb paper range from 10 mm to 30 mm and are used for manufacturing cores of different interior doors.
Some ruling enterprises in the global honeycomb paper market are examined in the report along with the citation of innovative product launches by them, their collaborative undertakings & endeavors, several merges & acquisitions, and many more. The frontrunners operating in the global honeycomb paper industry include Lsquare Eco Products Pvt. Ltd., Greencore Packaging, Honicel Nederland B.V., EcoGlobe Packaging Private Limited, Helios Packaging, MAC PACK, Axxor.
The home decor segment held more than two-fifths of the global honeycomb paper market revenue in 2020, and is expected to lead the trail by 2030. The same segment would also manifest the fastest CAGR of 5.8% from 2020 to 2030. This is because paper honeycomb core is widely adopted for wide home décor applications such as interior doors and interior furniture products.
Major Inclusions-
- Qualitative as well as quantitative assessment of the market on the basis of the detailed categorization involving both the economic and non-economic factors.
- Analysis at country and regional level, which portrays the share of the product or service in different regions.
- Elaborative company profiles section, which provides different pointers such as key executives, business enactment, company overview, product/service portfolio, R&D expenditure, current scenario, and prime strategies of the key market players.
- The forecasted market outlook of the honeycomb paper market based on recent developments, which incorporate the analysis of drivers, market trends, and growth opportunities.
- The COVID-19 impact on the honeycomb paper market
- Post-sales support and free customization
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