Cellular Paper Cardboard Market Size, Share & Industry Analysis, By Type ( Cellular Cardboard, Honeycomb Cardboard, Others ), By Application ( Packaging, General Manufacturing, Consumer Goods, Others ) and regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
Cardboard are thick, heavy duty paper-based product that are employed as protective coverings for products of various end-use applications. Cellular paper cardboards are durable, impact- resistant, foldable, rigid, and recyclable type of corrugated packaging cardboards. They are generally used for making pre-fabricated boxes for packaging. The cellular structure inside the layers of cardboard provides impact resistance, protection from external environment and damage, and reduce the aerodynamic turbulence.
The increasing demand for cellular paper cardboards from packaging industry shall boost the market growth. Additionally, the COVID- 19 pandemic has significantly supported ongoing trend of online shopping which has positively influenced the demand for cellular paper cardboards for packaging.
However, there has been technological advancement in the materials and processing if packaging. The availability of enhanced alternatives like bubble wraps, air pillows and other similar products is likely to hinder the market growth.
Market Segmentation:
Based on type, the market is segmented into cellular cardboard and honeycomb cardboard. Based on application, the market is segmented into packaging, general manufacturing, consumer goods, and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Market Driver -
Increasing demand from packaging industry.
Key Market Restraint -
Availability of enhanced packaging solution.
Key Players Covered:
The global cellular paper cardboard market consists of global & regional players operating. Some of the key players in the market include International Paper Company, Mondi Group, DS Smith Plc, WestRock company, Smurfit Kappa Group, and others.
Key Insights
- New Advancements in Production Technologies
- Key Trends in the Cellular Paper Cardboard Market
- New Product Launches, Expansions, Key Players
- Ranking of Key Players in the Market
Regional Analysis:
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific holds the largest share in the market. The high concentration of manufacturers in China and India shall drive the regional market. Additionally, the expanding business of online retailing and selling in Asian countries shall increase the demand for cellular cardboard packaging. North America is estimated to show significant growth attributed to increasing demand from end-use sectors for packaging. Europe is estimated to show considerable growth due to increase in importing and exporting of packaged goods. Latin America and Middle East & Africa is expected to show considerable growth by the end of the forecast period.
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Segmentation
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Cellular Paper Cardboard Industry Developments
- In February 2020, Mondi Group joined forces with a Mexican Corrugated Packaging company to deliver sustainable packaging solutions for fresh produces. The new solution weighs 18% less and is paraffin free.
- Ongoing
- 2023
- 2019-2022
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