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| Hexagonal Packaging Market |
The hexagonal packaging market consists of packaging solutions made from kraft paper, wood, decorative papers and corrugated boards that are available in hexagonal shapes. Hexagonal packaging provides efficient space utility and more stability during transportation as compared to conventional round or square packaging. They are widely used for packaging dried fruits, coffee beans, biscuits, snacks and other food items. Thehexagonal shapes allow maximum number of boxes to be packed in the available space, thereby reducing logistics cost for manufacturers and retailers. With growing e-commerce industry, hexagonal boxes are also gaining popularity as secondary or tertiary packaging for electronic items and cosmetics.
Global hexagonal packaging market is estimated to be valued at US$ 24.85 Bn in 2024 and is expected to
exhibit a CAGR of 6.5% over the
forecast period 2024 to 2031.
Growing demand from food industry
along with expanding e-commerce sector are anticipated to drive the market
growth.
Key Takeaways
Key players operating in the hexagonal packaging are Smurfit Kappa, Hexagon
Packaging (Pty) Ltd, The Custom Boxes Australia, Lalchand Box Maker,
AnyCustomBox, Essence Ecocrafts, Boxpool LLP, The Champion Litho Press
Sivakasi, Pak Factory, ZEE Packaging, Elite Custom Boxes, The Boxes Way,
Boxorigin LLP, Handicrafts Goods, PackagingPrinting, and Healey Packaging Ltd.
Smurfit Kappa and Hexagonal
Packaging Market Growth together account for over 30% share of the
global market.
The hexagonal packaging market offers significant opportunities due to growing
preference for sustainable packaging from consumer brands. Offering
eco-friendly packaging solutions made from recycled materials can help
companies gain competitive advantage. Food manufacturers are also exploring
hexagonal shaped flexible pouches and bags to offer innovative packaging
formats.
Major packaging companies are focusing on geographical expansion strategies to
consolidate their presence across Americas, Europe, Asia Pacific and Middle
East & Africa. Partnerships with e-commerce platforms and food retailers
provide access to untapped consumer markets. Smurfit Kappa's acquisition of
Panama based Corrugated cardboard manufacturer in 2022 strengthened their
footprint in Latin America.
Market Drivers:
One of the major drivers for hexagonal packaging market is increasing order
volumes in e-commerce and last mile deliveries. Hexagonal cartons protect
products better as they provide 30% more cushioning than round or square boxes
of equal volume. This has boosted their popularity among logistic companies.
Growing consumer awareness about resource efficiency is also propelling the
adoption of space saving hexagonal packaging for food products.
Market Restrains:
High set up and tooling costs involved in manufacturing hexagonal dies and
molds limits their applications among small packaging converters. Design
complexities further pose challenges for application of digital printing and
value added features on hexagonal boxes. Lack of branding visibility compared
to rectangular packs restricts scope for on-shelf promotions. These factors
restrain faster replacement of traditional packs with innovative hexagonal
solutions.
Segment Analysis
The global hexagonal packaging market has different segments based on material
type, application, and end-use industry. Among them, the paper and paperboard
segment dominates the market as they are widely used for packaging products
like food and beverages, personal care, etc. This is because paper and
paperboard are renewable, recyclable, lightweight, and provide good
printability.
Another major segment is the plastic segment. While plastics provide durability
and barrier against moisture, their extensive use has environmental concerns.
Plastics find applications in electronics, personal care, healthcare, and
automotive industries.
Global Analysis
Regionally, North America holds the major share in the hexagonal packaging
market. This is attributed to the high demand from food and beverages, personal
care, and electronics industries in the US and Canada. However, the Asia
Pacific region is expected to grow at the fastest rate during the forecast
period. The rapid growth of industries like food processing, personal care, and
consumer goods in China, India, Japan, and South Korea is fueling the adoption
of hexagonal packaging in this region. Countries like China are the major
manufacturing hubs, which is augmenting market growth.
Europe also captures a prominent share with Germany, UK, France being the major
markets. Rising health-consciousness and changing lifestyles are prompting
premium packaging of products like dietary supplements, luxury cosmetics, etc.,
thereby complementing regional market growth.
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