Honeycomb Paper Market Report 2025 (Global Edition)

Global Honeycomb Paper Market Report 2024 Market Size Split by Core Type (Expanded Paper Honeycomb, Blocks Paper Honeycomb, Continuous Paper Honeycomb, Others), by Thickness (Up to 15mm, 15mm to 30mm,...

Honeycomb Paper Market Report Description

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Honeycomb Paper Market Insights Video

Competitive Landscape of the Honeycomb Paper Market

The competitive landscape of the Honeycomb Paper Market is characterized by the presence of key players like DS Smith, Smurfit Kappa, and WestRock, who dominate through innovation, sustainability initiatives, and expanding product portfolios. Smaller regional players also contribute by offering specialized, eco-friendly solutions. Intense competition arises from alternative materials like corrugated cardboard and biodegradable plastics. Companies are focusing on sustainable practices, cost-effective manufacturing, and expanding into emerging markets to gain a competitive edge and meet growing environmental demands.

In December 2021, Hexcel Corp. of Stamford, Conn., and Metyx Composites of Istanbul, Turkey, have formed a partnership to manufacture high-performance carbon fiber pultruded profiles for the wind energy industry. These profiles will be produced using polyurethane (PU) resin and unidirectional (UD) carbon fiber. (Source: https://www.hexcel.com/News/News-Releases/3367/hexcel-partners-with-metyx-for-high-performance-carbon-pultrusion-technology) In February 2024, Mondi Group has increased the production of its EcoWicketBags, a paper-based packaging solution, to meet the growing demand for sustainable home and personal care (HPC) packaging, particularly for diapers and feminine hygiene products. By boosting production at its Szada plant in Hungary, Mondi enhances its integrated value chain, covering everything from paper production to coating and converting. (Source: https://www.mondigroup.com/news-and-insight/2024/mondi-expands-production-of-paper-based-ecowicketbags-to-meet-demand-for-sustainable-packaging-in-home-and-personal-care-industry/) In January 2024, WestRock has revealed plans to build a new corrugated box plant in Pleasant Prairie, Wisconsin, to meet the rising demand from customers. This investment, estimated at around USD 140 million, aims to boost production capacity and improve cost efficiency in the Great Lakes region. (Source: https://www.packaging-gateway.com/projects/westrock-corrugated-box-plant-wisconsin-usa/#:~:text=WestRock%2C%20a%20corrugated%20packaging%20company,estimated%20investment%20of%20%24140m.)

Top Companies Market Share in Honeycomb Paper Industry: (In no particular order of Rank)

• DS Smith Plc
• Sealed Air Corporation
• Packaging Corporation of America
• Smurfit Kappa Group
• Cascades Inc.
• Corint Group
• WestRock Company
• Honicel Group
• PACOR
• Inc.
• Pregis Corporation
• Hexcel Corporation
• Sonoco Products Company
• Lsquare Eco-Products Pvt. Ltd.
• HonECOre Paper Honeycomb Solutions
• Cartoflex S.R.L.
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Honeycomb Paper Market

Which Region Dominates the Honeycomb Paper Market in 2024?

According to Cognitive Market Research, North America currently dominates the Honeycomb Paper market, and the region is expected to have significant growth during the projected period. This is due to the region's strong focus on sustainability, eco-friendly packaging solutions, and strict environmental regulations. The growing e-commerce and logistics sectors, driven by consumer demand for sustainable and lightweight packaging, further boost honeycomb paper adoption. Additionally, the presence of major packaging companies and advancements in manufacturing technology contribute to the region's dominance. Increased industrial activities in automotive, electronics, and construction also drive demand for protective honeycomb paper packaging.

Which Region is Expanding at the Fastest CAGR?

The Asia Pacific region is growing at the fastest CAGR in the Honeycomb Paper Market due to rapid industrialization, rising e-commerce, and increasing environmental awareness. The region’s expanding manufacturing sector drives demand for cost-effective, sustainable packaging solutions. Honeycomb paper’s eco-friendly properties align with growing regulatory pressures to reduce plastic use. Additionally, the rising middle class and increased consumer spending in countries like China and India boost demand for efficient packaging solutions in logistics and retail sectors.

The current report Scope analyzes Honeycomb Paper Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Honeycomb Paper Market

According to Cognitive Market Research, the global Honeycomb Paper market size was estimated at USD 4521.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 1808.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Honeycomb Paper market with a market size of USD 1426.89 million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. The U.S. market's increased demand for sustainable packaging solutions and the rise of e-commerce is driving the Honeycomb Paper market.
• The Canada Honeycomb Paper market had a market share of USD 217.02 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. Canada’s growth in various industries, including automotive and electronics is driving the Honeycomb Paper market.
• The Mexico Honeycomb Paper market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 164.57 million in 2024.

Europe Honeycomb Paper Market

According to Cognitive Market Research, the global Honeycomb Paper market size was estimated at USD 4521.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 1356.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031.

• The United Kingdom Honeycomb Paper market had a market share of USD 227.87 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. In the UK, Honeycomb Paper sales witness an upswing due to rising environmental concerns and a shift towards sustainable packaging solutions.
• The France Honeycomb Paper market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 124.79 million in 2024.
• According to Cognitive Market Research, the German Honeycomb Paper market size was valued at USD 268.56 million in 2024 and is projected to grow at a CAGR of 3.7% during the forecast period. In Germany, Honeycomb Paper surged due to presence of major market players.
• The Italy Honeycomb Paper market is projected to witness growth at a CAGR of 2.9% during the forecast period, with a market size of USD 116.65 million in 2024.
• The Russia Honeycomb Paper market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD 210.24 million in 2024.
• The Spain Honeycomb Paper market is projected to witness growth at a CAGR of 2.6% during the forecast period with a market size of USD 111.22 million in 2024
• The Luxembourg Honeycomb Paper market is projected to witness growth at a CAGR of 3.6% during the forecast period, with a market size of USD 42.05 million in 2024.
• The Portugal Honeycomb Paper market is projected to witness growth at a CAGR of 3.3% during the forecast period, with a market size of USD 28.48 million in 2024.
• The Greece Honeycomb Paper market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 16.28 million in 2024.
• The Rest of Europe's Honeycomb Paper market is projected to witness growth at a CAGR of 2.2% during the forecast period, with a market size of USD 210.24 million in 2024.

Asia Pacific Honeycomb Paper Market

According to Cognitive Market Research, the global Honeycomb Paper market size was estimated at USD 4521.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 1039.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Honeycomb Paper market size was valued at USD 467.94 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. Honeycomb Paper surged in China due to rapid industrialization, increased e-commerce activity, and rising environmental awareness.
• The Japan Honeycomb Paper market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 143.50 million in 2024.
• The India Honeycomb Paper market had a market share of USD 124.79 million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period. India's need for protective packaging is driving the Honeycomb Paper market.
• The South Korean Honeycomb Paper market is projected to witness growth at a CAGR of 6.1% during the forecast period, with a market size of USD 103.99 million in 2024.
• The Australian Honeycomb Paper market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 54.07 million in 2024.
• The South East Asia Honeycomb Paper market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 71.75 million in 2024.
• The Rest of Asia Pacific Honeycomb Paper market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 73.83 million in 2024.

South America Honeycomb Paper Market

According to Cognitive Market Research, the global Honeycomb Paper market size was estimated at USD 4521.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 226.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Honeycomb Paper market size was valued at USD 96.75 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Honeycomb Paper flourished in Brazil due to increasing environmental awareness and the demand for sustainable packaging solutions.
• Argentina's Honeycomb Paper market had a market share of USD 37.98 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. Argentina's expansion of e-commerce and industrial activities is driving the Honeycomb Paper market.
• Colombia Honeycomb Paper market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 20.12 million in 2024.
• Peru Honeycomb Paper market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD 18.54 million in 2024.
• Chile Honeycomb Paper market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 16.28 million in 2024.
• The Rest of Latin America's Honeycomb Paper market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 36.40 million in 2024.

Middle East and Africa Honeycomb Paper Market

According to Cognitive Market Research, the global Honeycomb Paper market size was estimated at USD 4521.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 90.42 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031..

• The GCC Countries Honeycomb Paper market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 38.70 million in 2024. Honeycomb Paper sales flourish due to the presence of major market players.
• The Egypt Honeycomb Paper market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 9.49 million in 2024.
• The South Africa Honeycomb Paper market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 14.29 million in 2024. Honeycomb Paper sales flourished in South Africa due to rising focus on sustainable packaging solutions and increasing industrial activities.
• The Turkey Honeycomb Paper market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 7.78 million in 2024.
• The Nigeria Honeycomb Paper market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 9.49 million in 2024.
• The Rest of the MEA Honeycomb Paper market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 10.67 million in 2024.

Honeycomb Paper Market Analysis

Honeycomb Paper Market Core Type Segment Analysis

According to Cognitive Market Research, Expanded Paper Honeycomb are likely to dominate the Honeycomb Paper Market over the forecast period. The Expanded Paper Honeycomb Core Type captured the largest market share in the Honeycomb Paper Market due to its superior strength-to-weight ratio and versatility in various applications. Its lightweight and robust structure make it ideal for protective packaging, offering excellent shock absorption and cushioning. The expanded core type is also cost-effective and easily customizable, meeting diverse industry needs. Its wide range of applications, including in automotive, furniture, and construction, further contributes to its dominant market position.

The Blocks Paper Honeycomb Core Type is growing at the highest CAGR due to its enhanced structural stability and versatility in various applications. Its design provides superior impact resistance and load-bearing capacity, making it ideal for protective packaging and structural uses in industries like automotive and construction. Additionally, blocks offer easy handling, customization, and cost efficiency, driving their adoption. The increasing demand for robust and sustainable packaging solutions further supports the rapid growth of this core type.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Honeycomb Paper Industry. Request a Free Sample PDF!

Honeycomb Paper Market Thickness Segment Analysis

According to Cognitive Market Research, the Up to 15mm segment holds the largest share of the market. The Up to 15mm Thickness captured the largest market share in the Honeycomb Paper Market due to its balanced strength and flexibility, making it suitable for a wide range of applications. This thickness provides effective cushioning and protection for various products while remaining lightweight and cost-efficient. Its versatility allows it to be used in packaging, construction, and automotive sectors. The optimal performance and cost-effectiveness of this thickness contribute to its widespread adoption and dominant market share.

The 15mm to 30mm thickness is growing at the highest CAGR in the Honeycomb Paper Market due to its enhanced load-bearing capacity and impact resistance, making it ideal for heavy-duty applications. This thickness is increasingly used in sectors requiring stronger protective packaging and structural support, such as automotive and construction. Its ability to provide superior cushioning while maintaining lightweight properties and cost-efficiency drives its growing adoption, reflecting the rising demand for more robust and durable honeycomb paper solutions.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Honeycomb Paper End User Segment Analysis

Honeycomb Paper Market End User Segment Analysis

According to Cognitive Market Research, The Construction industry segment holds the largest market share. The Construction industry End User captured the largest market share in the Honeycomb Paper Market due to the material's excellent strength-to-weight ratio and versatility in structural applications. Honeycomb paper is used for lightweight yet durable panels and partitions, offering cost-effective solutions for building projects. Its eco-friendly properties also align with the growing emphasis on sustainable construction practices. The increasing demand for innovative and sustainable building materials further drives honeycomb paper’s prominent use in the construction industry.

The Automotive industry End User is growing at the highest CAGR in the Honeycomb Paper Market due to honeycomb paper’s lightweight and impact-resistant properties, which are ideal for automotive applications. It is used in interior components, packaging, and protective layers to enhance vehicle efficiency and safety. As the automotive industry focuses on reducing vehicle weight and improving sustainability, honeycomb paper offers a cost-effective, eco-friendly solution, driving its increased adoption and rapid growth in this sector.

• Construction industry
• Automotive industry
• Warehousing
• Transport & logistics services
• Others

Honeycomb Paper Product Type Segment Analysis

Honeycomb Paper Market Product Type Segment Analysis

According to Cognitive Market Research, The Pallets segment holds the largest market share. The Pallets Product Type captured the largest market share in the Honeycomb Paper Market due to their essential role in logistics and transportation. Honeycomb paper pallets offer excellent strength, durability, and lightweight properties, making them ideal for handling and transporting goods efficiently. Their eco-friendly nature aligns with sustainability goals, reducing reliance on traditional wooden or plastic pallets. The increasing demand for recyclable and cost-effective packaging solutions in various industries drives the dominant market share of honeycomb paper pallets.

The Box Product Type is growing at the highest CAGR in the Honeycomb Paper Market due to its versatility and effectiveness in protective packaging. Honeycomb paper boxes offer superior cushioning, shock absorption, and lightweight characteristics, making them ideal for shipping and storing various products. The rise of e-commerce and the demand for sustainable, cost-efficient packaging solutions drive the adoption of honeycomb paper boxes. Their eco-friendly properties and customizable designs further contribute to their rapid growth in the market.

• Pallets
• Box
• Partitions
• Fitments
• Buffers
• Others

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

LinkedIn

Profile

• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
• Acquainted with entire process of report writing- Title Analysis, TOC Building, Search Engine Optimization, TOC Freezing, Writing Reports, Market Engineering, Scheduling Primaries, Directory of Key Industry Participants (DKIP), Drafting “Press Articles/Summary/Report Description/Analyst Briefing” used for making marketing collaterals 
• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.

Author's Conclusion