Categories: Press Releases

Honeycomb Cardboard Market Companies : Size, Share, Trends, and Forecast to 2034

The Honeycomb Cardboard Market is set for robust expansion, projected to witness a significant revenue surge reaching hundreds of millions by 2034. This surge is reshaping the transportation, packaging, and construction industries with sustainable, lightweight, and high-strength materials. These honeycomb-structured boards are made using paper-based cores that offer durability, shock absorption, and an excellent strength-to-weight ratio. Key applications span across protective packaging, automotive lightweight components, furniture panels, and construction boards.


🌍 Market Overview & Key Trends

  • Asia Pacific dominated the global market in 2024 and is projected to grow at the fastest CAGR through 2034.

  • North America is witnessing steady growth due to increased demand for sustainable logistics solutions.

  • Continuous paper honeycomb held the largest product share in 2024, driven by applications in transport packaging.

  • Expanded paper honeycomb is expected to post the fastest growth in the forecast period.

  • Recycled kraft paper led the raw material segment in 2024, highlighting the sustainability trend.

  • Specialty coated paper is projected to grow rapidly due to its enhanced moisture resistance and strength.


🏢 Top Honeycomb Cardboard Market Companies

1. Lsquare Eco Products Pvt. Ltd.

About: A leading Indian manufacturer focused on sustainable packaging materials.
Products: Honeycomb paper panels, door cores, pallets, and edge protectors.
Market Cap: Privately held, with rapid expansion in Asia-Pacific packaging sectors.


2. Helios Packaging

About: Known for its innovation in eco-packaging, Helios caters to multiple industries including FMCG and furniture.
Products: Honeycomb boards, paper pallets, and honeycomb crates.
Market Cap: Emerging player with strong European market presence.


3. Crown Holdings Inc.

About: A global packaging powerhouse headquartered in the U.S., with decades of experience in sustainable packaging.
Products: Though known for metal packaging, its investments in honeycomb paper structures for industrial shipping are growing.
Market Cap: ~$10 billion (as of 2025), publicly traded.

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4. Greencore Packaging

About: Specializes in recyclable and biodegradable packaging solutions with a focus on circular economy principles.
Products: Paper honeycomb panels, crates, and pallets for e-commerce logistics.
Market Cap: Small to mid-cap, privately owned, with strong presence in Southeast Asia.


5. Axxor

About: A Dutch pioneer in honeycomb core materials, Axxor serves global automotive and packaging industries.
Products: Paper honeycomb cores for automotive headliners, doors, and packaging panels.
Market Cap: Private, with high-profile collaborations across Europe and North America.


6. YOJ-Pack-Kraft

About: An Indian packaging company with a strong focus on sustainable innovation.
Products: Honeycomb boards, partitions, corner protectors, and edge guards.
Market Cap: Rapidly scaling mid-sized company targeting the Indian logistics and FMCG sectors.


7. Schütz GmbH & Co. KGaA

About: A German leader in industrial packaging and transportation containers, diversifying into honeycomb applications.
Products: Composite and honeycomb packaging for automotive and chemical transport.
Market Cap: Large-cap, with extensive global operations.


8. MAC PACK

About: A packaging manufacturer that emphasizes environmental responsibility and cost-efficiency.
Products: Honeycomb packaging sheets, pallets, and void fillers.
Market Cap: Small-cap, regional player in South Asia.


9. EcoGlobe Packaging Private Limited

About: Indian company focused on eco-friendly packaging solutions.
Products: Custom honeycomb pallets, crates, and protective inserts.
Market Cap: Private startup with fast-growing clientele in export packaging.


10. Honicel Nederland B.V.

About: One of the oldest honeycomb paper manufacturers in Europe with decades of R&D experience.
Products: Honeycomb cores for doors, furniture, and automotive interiors.
Market Cap: Private, well-established across Europe with a robust distribution network.


📊 Market Drivers

  • E-commerce Boom: Rising demand for durable yet lightweight packaging solutions in online retail.

  • Automotive Lightweighting: Honeycomb structures reduce vehicle weight while maintaining safety.

  • Sustainability Push: Global regulations are favoring recyclable, paper-based alternatives.

  • Industrial Efficiency: Honeycomb cardboard is replacing wooden and plastic pallets in many sectors.

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❓ Frequently Asked Questions (FAQs)

1. What is honeycomb cardboard used for?
Honeycomb cardboard is used in protective packaging, lightweight automotive parts, furniture panels, and construction boards due to its strength and sustainability.

2. Why is the Asia Pacific region leading the honeycomb cardboard market?
Asia Pacific leads due to rapid industrialization, e-commerce growth, and government support for eco-friendly materials.

3. What makes honeycomb cardboard sustainable?
It is made from recycled or recyclable paper materials and replaces heavier packaging like plastic or wood, lowering environmental impact.

4. Which product segment is growing the fastest?
The expanded paper honeycomb segment is growing the fastest, thanks to its flexibility and wider application scope.

5. Who are the major players in the honeycomb cardboard market?
Key players include Crown Holdings Inc., Axxor, Lsquare Eco Products, Helios Packaging, and Schütz GmbH, among others.

Source : https://www.towardspackaging.com/insights/honeycomb-cardboard-market-sizing

Elodie Blanc

Meet Elodie Blanc, an esteemed authority in the packaging industry with over a decade of experience spanning various sectors. With a background in Industrial Design, she blends creativity with technical prowess to drive innovation. Elodie's expertise encompasses sustainability, digital integration, and emerging trends like smart packaging. She's renowned for spearheading eco-friendly initiatives, advocating for recyclable and biodegradable materials. Beyond her hands-on work, Élodie contributes to Packaging Web Wire, a premier online platform under Towards Packaging - Business Consulting Service. Her insightful articles and speeches at industry events solidify her status as a thought leader. Recognized for her contributions, Elodie continues to shape the future of packaging, prioritizing functionality, aesthetics, and sustainability. With her leadership, the industry evolves towards a more responsible and innovative future.

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