DUBLIN, November 17, 2017 /PRNewswire/ --

The "Global Honeycomb Packaging Market 2017-2021" report has been added to Research and Markets' offering.

The analysts forecast the global honeycomb packaging market to grow at a CAGR of 5.17% during the period 2017-2021.

The report covers the present scenario and the growth prospects of the global honeycomb packaging market for 2017-2021. To calculate the market size, the report considers the revenue generated by different vendors through sales of various packaging types of honeycomb packaging such as interior packaging, exterior packaging, pallets packaging and others packaging. The "others packaging" includes honeycomb packaging dividers, cushioning materials and as a base for carton pallets.

The latest trend gaining momentum in the market is Rising trend of using lightweight packaging materials. There is an increased focus on using lightweight packaging to reduce the weight of packaging. This is done to use less packaging material and reduce the cost. Hence, lightweight container board was developed. Due to reduced weight, the shipping cost is also reduced. This is because generally shipping services providers charge companies according to the weight of the package.

According to the report, one of the major drivers for this market is Growing automotive market in emerging economies. Honeycomb packaging is used in the automotive market to pack automotive parts. The global automotive industry is expected to grow on the backdrop of the rising demand from the emerging markets, such as China and India. Compared with the mature markets, India and China have a low vehicle penetration. For example, in India, about 15-25 people owned vehicles per 1,000 people, and in China, around 100-110 people per 1,000 people owned vehicles in 2016. On the other hand, the number in the US was more than 800 people per 1,000 people in 2016.

Further, the report states that one of the major factors hindering the growth of this market is Rising prices of raw material. In general, a major part of honeycomb packaging is made of paperboard. This employs substantial use of wood pulp as a raw material for making paperboard. In 2015, the global wood pulp prices reached a peak compared with the previous 30 to 40 years. These increased prices of wood pulp led to a rise in the production cost incurred by the packaging companies, including the companies in the global honeycomb packaging market. The high prices of wood pulp are expected to increase at an average annual rate of around 0.5% to 1.5% during the forecast period.

Key vendors

• DS Smith
• Smurfit Kappa Group
• Packaging Corporation of America
• Cascades

Other prominent vendors

• Axxor
• Complete Packaging Systems
• Corint Group
• Creopack
• Honicel
• Lsquare Eco-Products
• Multi-Wall Packaging
• PREMIER PACKAGING PRODUCTS

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation By Material

Part 09: Market Segmentation By Packaging Type

Part 10: Customer Landscape

Part 11: Regional Landscape

Part 12: Decision Framework

Part 13: Drivers And Challenges

Part 14: Market Trends

Part 15: Vendor Landscape

Part 16: Vendor Analysis

Part 17: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/blsn8h/global_honeycomb

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SOURCE Research and Markets