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Paper Honeycomb Market - by Core (Continuous Unexpanded, Slices Unexpanded, Pre-Expanded Sheets), By Application (Automotive, Building & Construction, Furniture, Food & Beverages, Ceramics, Glass, Distribution, Electronics), & Forecast, 2023-2032

  • Report ID: GMI4814
  • Published Date: Feb 2023
  • Report Format: PDF

Paper Honeycomb Market Size

Paper Honeycomb Market size crossed USD 4 billion in 2022 and is predicted to record over 4% CAGR from 2023 to 2032 owing to the growing consumer inclination towards sustainable biodegradable paper packaging by industries worldwide.

Paper Honeycomb Market

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Businesses are prioritizing sustainable innovations and emphasizing the implementation of smart solutions to the rising concerns regarding plastic waste and toxic construction materials by minimizing their dependency on plastics, favorably impacting the market growth. For instance, in June 2022, Godrej Appliances, a major Indian home appliance manufacturer, replaced thermocol with paper-based honeycomb (HC) packaging solutions in an effort to switch to eco-friendly packaging materials.

Moreover, paper honeycomb has the same impact as polystyrene in the building and packaging sector while being a recyclable material. Growing knowledge about product benefits is expected to boost its usage across the packaging industry, which is slated to fuel paper honeycomb market growth.

Ongoing economic recession may hinder the market growth

Consumers are the primary end market for the majority of packaging firms. The ongoing recession has resulted in a drastic shift in consumer behavior and purchasing power, which has impacted almost all businesses. Fluctuations in demand have increased the prices of raw materials, such as paper, which is projected to impede market development as manufacturers struggle to keep up with the inflationary environment. However, as the economy slowly recovers from the slowdown, the market is anticipated to gain momentum.

Paper Honeycomb Market Analysis

Paper Honeycomb Market Share By Core

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The continuous unexpanded core segment held 82% of the paper honeycomb market share in 2022 and is estimated to witness steady progression through 2032 attributed to the economical and efficient uses of these cores in several packaging applications. In addition, the mounting demand for continuous unexpanded paper honeycomb material across the automotive sector for the packaging and shipping of automotive parts and its use in sandwich panels for construction and civil engineering applications is speculated to foster the segment outlook.


Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of paper honeycomb surpassed USD 4 billion in by 2022 and is forecast to record 4% CAGR through 2032 driven by the rising preference for sustainable packaging options globally.

The continuous unexpanded core segment held 82% of the paper honeycomb market share and is slated to observe steady progression through 2032 owing to the economical and efficient use of these cores in several packaging applications.

The market for paper honeycomb in Asia Pacific region is estimated to account for over USD 2.5 billion by 2032 attributed to the growing product demand for packaging in the booming domestic electronics industry.

Smurfit Kappa, Sunrise MFG Inc., IPC Industrial Packaging Corporation, Greencore Packaging, Honicel Netherland BV, DuPont, Honecore, Grigeo AB, Hexagonas Mexicanos, PCA Hexacomb, American Containers, and Hexcel Corporation are major companies operating in the paper honeycomb business.

Paper Honeycomb Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 12
  • Tables & Figures: 194
  • Countries covered: 19
  • Pages: 250
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