The demand within the global honeycomb packaging market
is expected to expand on account of the need to transport fragile
objects, finds Transparency Market Research (TMR). Honeycomb packaging
is believed to be extremely effective and safe as against other forms of
manufacturing. The vendors within the global honeycomb packaging market
initially entered the market due to the nascence of this form of
packaging. Over the years, the key vendors in the global honeycomb
packaging market have developed unique packaging products and services
to asset their relevance. Hence, the revenue index of these vendors in
the global honeycomb packaging market is projected to improve in the
years to come.
The leading vendors in the global
honeycomb packaging market have followed an all-inclusive approach to
growth and advancements. These vendors have infused a mix of marketing
hacks, research expertise, and business supremacy in order to retain
their position in the market. It is expected that the leading vendors
within the global honeycomb packaging market would go an extra mile and
acquire the smaller vendors in the years to come. Some of the leading
players in the global honeycomb packaging market are BASF SE, Sonoco
Products Company, Sealed Air Corporation, ACH Foam Technologies, Inc.,
and Lsquare Eco-Products Pvt. Ltd.
Transparency Market Research (TMR) finds
that the global market for honeycomb packaging would expand at a stellar
CAGR of 5.7% over the period between 2016 and 2024. Furthermore, the
global honeycomb packaging market is expected to accumulate revenues
worth US$14.1 bn by 2024-end, rising up from a value of US$8.6 bn in
2015. On the basis of end-use, the food and beverages industry has
emerged as a key consumer of honeycomb packaging. On the basis of
geography, the demand for honeycomb packaging in North America is
projected to rise at a robust rate.
Advancements in E-Commerce to Aid Market
The emergence of several new e-commerce
platforms that guarantee safe and sound delivery of goods is a prominent
trend in the contemporary times. The need to prevent damage of
transported goods, products, and items necessitates shock-proof
packaging. Since honeycomb packaging is the most resistant form of
packaging, the demand for honeycomb packaging materials has been on a
rise. E-commerce vendors provide the option of returning goods if the
latter are damaged, and the vendors could suffer substantial losses due
to such events. Hence, these vendors use honeycomb packaging in order to
minimize the possibility of goods being damaged during transportation.
0 comments:
Post a Comment