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Honeycomb Paper Market

Honeycomb Paper Market Size, Share & Trends Analysis Report By Core Type (Expanded Paper Honeycomb, Expanded Paper Honeycomb Blocks Paper Honeycomb, And Continuous Paper Honeycomb), Cell Size (Upto 10 mm, 10 To 30 Mm And Above 30 Mm) And By End-User, By Region, And Segment Forecasts, 2024-2031

Report ID : 1579 | Published : 2024-03-16 | Pages: 160 | Format: PDF/EXCEL

The Global Honeycomb Paper Market Size is valued at 7.45 billion in 2023 and is predicted to reach 11.99 billion by the year 2031 at an 6.33% CAGR during the forecast period for 2024-2031.

Key Industry Insights & Findings from the Report:

  • The honeycomb paper is highly utilized due to its high-pressure strength, enhanced distortion capabilities, and completely recyclable nature, which lead to market growth.
  • The proliferation of e-commerce platforms and cost-effectiveness stemming from their lightweight composition around the globe is expected to drive industry growth.
  • North America dominated the market and accounted for a global revenue share in 2023.
  • One of the significant concerns restraining honeycomb paper products is that they can be priced higher than average because some producers need help to afford their initial expenditures and manufacturing costs.

honeycomb paper

A structure known as a honeycomb can either be found in nature or be made artificially. Honeycomb packaging materials are made by sandwiching honeycomb paper between two thin sheets. Several items made of honeycomb paper are sold in the market including honeycomb pallets and paperboards.

An expanded paper honeycomb (EPH) is a kind of paper honeycomb that has been dried out, expanded, and then cut into the desired size. Applications for this kind of paper honeycomb include interior doors, divider walls, and automotive parts. It is employed as a core-filling material in these places.

Paper honeycomb is frequently used as a core material and sandwich material between the facings of softwood, hardboard plywood, plasterboard, and other materials due to qualities including high-pressure strength, enhanced deformation capabilities, and 100% recycling. Paper honeycomb is a frequently utilized material in automobile applications such as sunshades, tyre covers for spare tires, door trim panels, and roofing due to physical characteristics including stiffness and weight-to-strength ratio. 

Additionally, it can be used successfully to reduce automotive weight, which helps to increase fuel efficiency. Honeycomb paper is a frequently utilized material in the building and construction business as lightweight and paper-based materials acquire relevance in the sector. All these factors are driving the market growth over the forecast period. 

Recent Development-

  • In 2020, honeycomb paper prices were high in the Asia-Pacific area. The increase in price was brought on by persistent regional demand trends and limited product supply. Stronger upstream prices and robust downstream demand for honeycomb paper are anticipated to support the price increase.
  • In 2019, the innovative solution allowed automakers to reduce automobile trunk floor weight by 20% without compromising component strength. 

Competitive Landscape:

Some of the honeycomb paper market players are:

  • American Containers
  • Axxor
  • Crown Holdings Inc.,
  • DuPont
  • EcoGlobe Packaging Private Limited
  • Greencore Packaging
  • Grigeo AB
  • Helios Packaging
  • Hexagonas Mexicanos
  • Hexcel Corporation
  • Honecore
  • Honicel Nederland B.V.
  • IPC Industrial Packaging Corporation
  • Lsquare Eco Products Pvt. Ltd.,
  • MAC PACK
  • PCA Hexacomb
  • Schütz GmbH & Co. KGaA
  • Smurfit Kappa
  • Sunrise MFG Inc.
  • YOJ Pack-Kraft

Market Segmentation:

The honeycomb paper market is segmented into core type, cell size and end-user industry. Based on core type, the market is segmented into expanded paper honeycomb, expanded paper honeycomb blocks paper honeycomb, and continuous paper honeycomb. Based on cell size, the market is subdivided into Upto 10 mm, 10 to 30 mm and above 30 mm. Based on end-user industry, the market is again segmented into home décor, transport and logistics, automotive, building and construction, and others.

Based On The End-Use Industry, The Home Décor Segment Is Accounted As A Major Contributor To The Honeycomb Paper Market

Home decor is expected to continue to dominate the global market and expand at a CAGR of 5.8% over the next five years. The primary market trend is the widespread adoption of paper honeycomb core for various home décor applications, including interior doors and interior furniture products. Additionally, honeycomb core materials are a great alternative to conventional chipboard strips and tube boards for home decor applications due to their high strength ratio. The use of honeycomb core materials helps to reduce overall weight without sacrificing the aesthetic appeal and structural integrity of furniture by acting as a cheap, robust infill material for sandwich panels used to make furniture.

The 10-30 Mm Cell Segment Witness Growth At A Rapid Rate

The market share for 10-30 mm cell size was 47% in 2020, and it is anticipated to increase at the highest CAGR of 5.6% over the forecast period. Honeycomb paper cells with a size of 10mm to 30mm are used in sliding, flush, and doors lined with high-density fiberboard (HDF) or ply. Standard cell sizes of 15mm, 21mm, and 28mm are typically highly favored by furniture producers, architects, the transport and logistics sector, and automobile producers.

In The Region, The Asia Pacific Honeycomb Paper Market Holds A Significant Revenue Share

The Asia Pacific is anticipated to hold the largest market share over the forecast period. The fast industrialization, environmental sustainability, and corrugated packaging's favorable cost-benefit ratio have all contributed to a growth in demand for paper honeycomb board packaging in the area. The demand for honeycomb paper board packaging materials has increased recently as a result of the expansion of E-commerce in China and India. The demand from the e-commerce sector is anticipated to rise further as more new multinational e-commerce businesses enter the expanding markets. Besides, due to the swift growth and development seen in the logistics and electronics industries in nations like Germany and Italy, Europe is predicted to present lucrative growth prospects for the worldwide honeycomb paper market.

Honeycomb Paper Market Report Scope: 

Report Attribute

Specifications

Market size value in 2023

USD 7.45 Bn

Revenue forecast in 2031

USD 11.99 Bn

Growth rate CAGR

CAGR of 6.33% from 2024 to 2031

Quantitative units

Representation of revenue in US$ Million, Volume (Kilotons) and CAGR from 2024 to 2031

Historic Year

2019 to 2023

Forecast Year

2024-2031

Report coverage

The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends

Segments covered

Core Type, Cell Size and End-User

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia

Competitive Landscape

Lsquare Eco Products Pvt. Ltd., EcoGlobe Packaging Private Limited, Greencore Packaging, Crown Holdings Inc., Schütz GmbH & Co. KGaA, Honicel Nederland B.V., Axxor, YOJ Pack-Kraft, Helios Packaging and MAC PACK.

Customization scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing and available payment methods

Explore pricing alternatives that are customized to your particular study requirements.

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Honeycomb Paper Market Snapshot

Chapter 4. Global Honeycomb Paper Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Core Type Estimates & Trend Analysis
5.1. by Core Type & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn) & Volume (Kilotons)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Core Type:

5.2.1. Expanded Paper Honeycomb
5.2.2. Expanded Paper Honeycomb Blocks Paper Honeycomb
5.2.3. Continuous Paper Honeycomb

Chapter 6. Market Segmentation 2: by Cell Size Estimates & Trend Analysis
6.1. by Cell Size & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn) & Volume (Kilotons)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Cell Size:

6.2.1. Upto 10 mm
6.2.2. 10 to 30 mm
6.2.3. Above 30 mm

Chapter 7. Market Segmentation 3: by End-user Industry Estimates & Trend Analysis
7.1. by End-user Industry & Market Share, 2019 & 2031
7.2. Market Size (Value (US$ Mn) & Volume (Kilotons)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by End-user Industry:

7.2.1. Home Decor
7.2.2. Transport and Logistics
7.2.3. Automotive
7.2.4. Building and Construction
7.2.5. Others

Chapter 8. Honeycomb Paper Market Segmentation 4: Regional Estimates & Trend Analysis

8.1. North America

8.1.1. North America Honeycomb Paper Market Revenue (US$ Million) & Volume (Kilotons) Estimates and Forecasts by Core Type, 2024-2031
8.1.2. North America Honeycomb Paper Market Revenue (US$ Million) & Volume (Kilotons) Estimates and Forecasts by Cell Size, 2024-2031
8.1.3. North America Honeycomb Paper Market Revenue (US$ Million) & Volume (Kilotons) Estimates and Forecasts by End-user Industry, 2024-2031
8.1.4. North America Honeycomb Paper Market Revenue (US$ Million) & Volume (Kilotons) Estimates and Forecasts by country, 2024-2031

8.2. Europe

8.2.1. Europe Honeycomb Paper Market Revenue (US$ Million) & Volume (Kilotons) Estimates and Forecasts by Core Type, 2024-2031
8.2.2. Europe Honeycomb Paper Market Revenue (US$ Million) & Volume (Kilotons) Estimates and Forecasts by Cell Size, 2024-2031
8.2.3. Europe Honeycomb Paper Market Revenue (US$ Million) & Volume (Kilotons) Estimates and Forecasts by End-user Industry, 2024-2031
8.2.4. Europe Honeycomb Paper Market Revenue (US$ Million) & Volume (Kilotons) Estimates and Forecasts by country, 2024-2031

8.3. Asia Pacific

8.3.1. Asia Pacific Honeycomb Paper Market Revenue (US$ Million) & Volume (Kilotons) Estimates and Forecasts by Core Type, 2024-2031
8.3.2. Asia Pacific Honeycomb Paper Market Revenue (US$ Million) & Volume (Kilotons) Estimates and Forecasts by Cell Size, 2024-2031
8.3.3. Asia-Pacific Honeycomb Paper Market Revenue (US$ Million) & Volume (Kilotons) Estimates and Forecasts by End-user Industry, 2024-2031
8.3.4. Asia Pacific Honeycomb Paper Market Revenue (US$ Million) & Volume (Kilotons) Estimates and Forecasts by country, 2024-2031

8.4. Latin America

8.4.1. Latin America Honeycomb Paper Market Revenue (US$ Million) & Volume (Kilotons) Estimates and Forecasts by Core Type, 2024-2031
8.4.2. Latin America Honeycomb Paper Market Revenue (US$ Million) & Volume (Kilotons) Estimates and Forecasts by Cell Size, 2024-2031
8.4.3. Latin America Honeycomb Paper Market Revenue (US$ Million) & Volume (Kilotons) Estimates and Forecasts by End-user Industry, 2024-2031
8.4.4. Latin America Honeycomb Paper Market Revenue (US$ Million) & Volume (Kilotons) Estimates and Forecasts by country, 2024-2031

8.5. Middle East & Africa

8.5.1. Middle East & Africa Honeycomb Paper Market Revenue (US$ Million) & Volume (Kilotons) Estimates and Forecasts by Core Type, 2024-2031
8.5.2. Middle East & Africa Honeycomb Paper Market Revenue (US$ Million) & Volume (Kilotons) Estimates and Forecasts by Cell Size, 2024-2031
8.5.3. Middle East & Africa Honeycomb Paper Market Revenue (US$ Million) & Volume (Kilotons) Estimates and Forecasts by End-user Industry, 2024-2031
8.5.4. Middle East & Africa Honeycomb Paper Market Revenue (US$ Million) & Volume (Kilotons) Estimates and Forecasts by country, 2024-2031

Chapter 9. Competitive Landscape

9.1. Major Mergers and Acquisitions/Strategic Alliances

9.2. Company Profiles


9.2.1. American Containers
9.2.2. Axxor
9.2.3. Crown Holdings Inc.,
9.2.4. DuPont
9.2.5. EcoGlobe Packaging Private Limited
9.2.6. Greencore Packaging
9.2.7. Grigeo AB
9.2.8. Helios Packaging
9.2.9. Hexagonas Mexicanos
9.2.10. Hexcel Corporation
9.2.11. Honecore
9.2.12. Honicel Nederland B.V.
9.2.13. IPC Industrial Packaging Corporation
9.2.14. Lsquare Eco Products Pvt. Ltd.,
9.2.15. MAC PACK
9.2.16. PCA Hexacomb
9.2.17. Schütz GmbH & Co. KGaA
9.2.18. Smurfit Kappa
9.2.19. Sunrise MFG Inc.
9.2.20. YOJ Pack-Kraft
9.2.21. Other Prominent Players

Segmentation of Honeycomb Paper Market-

Honeycomb Paper Market By Core Type-

  • Expanded Paper Honeycomb
  • Expanded Paper Honeycomb Blocks Paper Honeycomb
  • Continuous Paper Honeycomb

honeycomb paper

Honeycomb Paper Market By Cell Size-

  • Upto 10 mm
  • 10 to 30 mm
  • Above 30 mm

Honeycomb Paper Market By End-use Industry-

  • Home Decor
  • Transport and Logistics
  • Automotive
  • Building and Construction
  • Others

Honeycomb Paper Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

How big is the Honeycomb Paper Market?

Honeycomb Paper Market expected to grow at 6.33% CAGR during the forecast period for 2024-2031

Lsquare Eco Products Pvt. Ltd., EcoGlobe Packaging Private Limited, Greencore Packaging, Crown Holdings Inc., Schütz GmbH & Co. KGaA

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