Global market for honeycomb packaging 2017-2023

02 October 2017

According to a new report by Stratistics MRC, the global honeycomb packaging market is expected to grow from $ 9.41 billion in 2016 to reach $ 15.05 billion by 2023 with a CAGR of 6.9%. Rising demand for ensuring products to be safe and growing demand for the development of e-commerce are propelling the market. On the other hand, customers rising preferences for flexible packaging over honeycomb packaging is hindering the market.
By end user, the furniture and the automotive industry have acquired the largest market share. North America is dominating the market and the packaging in this region is growing due to increasing need for automotive, furniture and consumer goods.
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