Home > Chemicals & Materials > Advanced Materials > Paper Honeycomb Market
Paper Honeycomb Market Size
- 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.
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Paper Honeycomb Market Size in 2022: | USD 4.1 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 4.4% |
| 2032 Value Projection: | USD 6.1 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 250 |
| Tables, Charts & Figures: | 194 |
| Segments covered: | Application, End Use, and Region |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
Paper Honeycomb Market Scope
