Honeycomb board mimics a beehive to create a robust structure for the product to be intact. It has two surfaces that sandwich the honeycomb structure, ensuring high tensile strength, better cushioning, and ensuring excellent shock absorption. Qualities such as light in weight but high in strength, exceptionally flexible, improved durability, and resistant to temperature variations have won this material great attention. Furthermore, its recyclable nature makes it ideal for modern packaging solutions. All these factors have made a strong case for the global honeycomb board market in various sectors. The upcoming report by Fairfield Market Research states that the global market for honeycomb will thrive as end users seek sustainable solutions.
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Packaging Industry Seeks Out Honeycomb Board as Easier Solution
The use of honeycomb boards has gained momentum across the packaging sector as this acts as a solution for items such as mini electronics to large industrial parts. Furthermore, its ability to adapt to packaging varied consumer goods, as well as their display on racks, has earned it an unshakeable spot in shipping and packaging. The packaging industry also has a keen interest in honeycomb boards as their hexagonal cells require the least volume of materials. Thus, the structural advantage has made its mark in the packaging industry by confidently offering a high-strength and low-density structure that reduces shipping costs. Lower freight rates and fuel efficiency are expected to be the primary drivers for the global honeycomb board market, predict analysts.
Recyclability Earns Global Honeycomb Board Market Incredible Popularity
Best known to be biodegradable, honeycomb board is also easy to dispose of as it is made from eco-friendly glue and recycled paper. As a completely recyclable product, it has massive potential for drastically cutting down the carbon footprint for the packaging industry. Honeycomb board is being thus considered by countries as a way of reducing pressure on landfills by minimizing plastic waste. The upcoming report by Fairfield Market Research states that this material will gradually replace packaging materials such as MDF, bubble wrap, PUF, particle boards, and EP foam.
Asia Pacific to be Key Consumer of Honeycomb Boards
Asia Pacific honeycomb board market is slated to flourish in the coming years as the automotive sector expands exponentially. Growing demand for improved packaging as export auto parts increases, will increase the demand for honeycomb boards. By 2025, Asia Pacific will account for 45% of the global honeycomb board market. This will also be fuelled by the booming building and construction projects in the region.
Meanwhile, Europe and North America will also see a growing use of honeycomb boards. The changing demand for lightweight materials for acoustic walls, interior doors, and other applications will bode well for these regional markets.
Some of the key players operating in the global honeycomb board market are Grigeo AB, IPC Industrial Packaging Corporation, Greencore Packaging, Smurfit kappa, DuPont, Honicel, and Hexcel Corporation. Companies are expected to focus on R&D to introduce cost-effective and sustainable packaging materials. The latest being, a thermo box for frozen food developed by Smurfit Kappa that keeps frozen food at the required temperature for longer periods.
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