The global Paper Honeycomb market was valued at USD 7.67 Billion in and growing at a CAGR of 5.46% from to . The market is expected to reach USD 13.06 Billion by . This growth is attributed to honeycomb applications in various sectors. For instance, honeycomb panels are used as writing boards, stackers, partitions for portable cabins, sofas, etc. Many organizations make custom-made panels and furniture using honeycomb panels. Paper honeycomb frames are generally used for the safe and ecological transport of car parts like headlights, fenders, engines, etc., in scenarios where returnable packages are considered uneconomical. In the engineering sector, it is used in the packaging and fixation of mechanical engineering products, especially components, mouldings, and other parts, while transported between plants. It is also used in the textile sector, where paper honeycomb is used to transport the wound coils with drilled paper honeycomb boards, making it cost-effective and simple to recycle. These factors are eventually driving the growth of the Paper Honeycomb market.
Honeycomb paper is an environmentally friendly and lightweight material that has a broad range of applications. The paper is cut into a series of hexagonal cells and then glued together to create the honeycomb structure. It resulted in an end product which is a stiff, robust, and lightweight material that can be used in insulation, furniture, packaging, and many other applications where weight and strength are considered important factors. As recycled paper is generally used to make honeycomb paper, it is a green and sustainable product. It is in demand by many industrial sectors as it is economically priced and easily made. In the furniture sector, it is broadly used to manufacture wooden boards with a filling of paper honeycomb, decreasing the consumption of limited natural raw materials. It fixes and protects the furniture at the time of its transportation. It helps fill empty spaces in the packs of unassembled furniture. The paper pallets decrease the total weight of transported goods, which makes them easier to handle. Similarly, in the glass sector, honeycomb construction has been used for a long for fixing and reliably protecting delicate products. Paper honeycomb is the perfect material for protecting and fixing goods and materials at the time of transportation. Its compressive strength, high load capacity, and low weight have proven useful in many areas. It is useful not only in shipping but also in producing many lightweight materials, and it is also eco-friendly. The packaging sector broadly uses it because of its excellent cushioning products. Honeycomb paperboard has its application as an inner lining material for protecting delicate items during transportation. Honeycomb paper pallets have applications in the logistics sector because of their strength and lightweight. Paper honeycomb products are also used in aerospace because of their strength and lightweight nature. Honeycomb paper panels make aircraft interiors like the overhead bins, galleys and partitions. Paper honeycomb makes aircraft parts like fuselage, wings and tall sections. All these factors are driving the paper honeycomb market.
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Growing use in home décor and construction sector&#; Honeycomb paper products are broadly used in furniture for their lightweight and strength. This paperboard is a core object for tabletops, doors and other furniture. Honeycomb paper panels have applications for lightweight furniture like cabinets and bookshelves. Honeycomb paper products are also used in the construction sector for their insulation properties and lightweight. Honeycomb paper panels are generally used as core materials for lightweight building materials like partitions, doors and panels. This paper is also used as an insulation material for roofs and walls. All these factors are driving the paper honeycomb market.
Limitation to applications &#; The honeycomb has a very low folding and breakage resistance and is prone to puncture. Moreover, the paper honeycomb paperboard's poor processing performance can impact honeycomb paper's application in many end-user sectors. All these factors are acting as restraints on the growth of the market.
Demand from e-commerce and automotive sectors&#; As the e-commerce sector is growing worldwide, honeycomb paper products are broadly used in packaging as they have excellent cushioning properties. Its paperboard is generally used as an inner lining to protect delicate items while transporting goods. The logistics sector broadly uses honeycomb paper pallets because of their strength and lightweight. It is also used in the automotive sector for its energy-absorbing and lightweight properties. It is broadly used as core materials for door panels, dashboards and other interior parts. Honeycomb paper also makes lightweight car parts like spoilers, bumpers and hoods. Honeycomb paper products are broadly used in several sectors because of their strength, durability, and weight. All these factors will eventually drive the Paper Honeycomb market in the forecasting market.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia Pacific emerged as the largest market for the global Paper Honeycomb market, with a 40.23% share of the market revenue in . This market share is attributed to the large population and growing disposable income of the people in the region's emerging economies like China and India. It eventually created the demand for cost-effective and eco-friendly materials in several industries like furniture, packaging, automotive and construction. Paper honeycomb panels are broadly used in home décor applications like portable sofas. China's home décor sector is growing due to a surge in the demand and adoption of eco-friendly products. China is also the region's largest producer and consumer of honeycomb paper. Japan and India lie next to it in the region. All these factors are propelling the growth of the Paper Honeycomb market in the region.
Asia Pacific Region Paper Honeycomb Market Share in - 40.23%
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The core segment is divided into Continuous unexpanded Core, Slices unexpanded and Pre-expanded sheets. The continuous unexpanded core segment dominated the market, with a market share of around 79.61% in . This high market share is attributed to its broad and efficient usage in the packaging and shipping automotive parts. It is also used as sandwich panels in building & construction, along with other civil engineering work.
The cell size segment is divided into upto 10 mm, 10 to 30 mm and above 30 mm. The 10 to 30 mm segment dominated the market, with a market share of around 45.62% in . This market share is attributed to its growing use in doors lined with ply, flush, high-density fiberboard (HDF), sliding doors, etc. Architecture designers and furniture manufacturers broadly prefer this cell-size honeycomb paper. It is also broadly used by the transport and logistics sector and automotive companies.
The end user segment is divided into transport and logistics, home décor, automotive, building & construction and others. The home décor segment dominated the market, with a market share of around 43.45% in . This market share is attributed to paper honeycomb applications in interior furniture products and interior doors. Honeycomb core acts as a proper low-cost filling for the furniture sandwich panels. It helps make lightweight but strong furniture by providing high strength-to-weight and strength-to-thickness ratios.
Report Description:
Attribute Description Market Size Revenue (USD Billion) Market size value in USD 7.67 Billion Market size value in USD 13.06 Billion CAGR ( to ) 5.46% Historical data - Base Year Forecast - Region The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level. Segments Core, Cell Size and End UserLeave your mark and turn any box into your poster board with one of our many options for print and brand performance. These include direct printing and litho labeling. Our design team will walk you through the process of finding the right printing solution based on your industry, budget, quantity and many other deciding factors.
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