The Hexagonal Packaging Market Is Driven By E-Commerce Boom
The hexagonal packaging market has gained prominence over the recent years on account of its attractive packaging design and ability to provide maximum stacking strength. Hexagonal packaging solutions have wide application across food and beverage, personal care, home care and other consumer goods. The hexagonal shape provides 360-degree product visibility and promotes branding while being space saving and sturdy during storage and transportation. Due to the geometric shape, hexagonal boxes can be tightly packed and stacked to maximize load capacity in trucks and ships leading to reduced logistics costs. With the proliferation of e-commerce, online shopping and doorstep delivery of goods, hexagonal packaging has emerged as a viable option for durable and aesthetic product packaging.
The 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.
Key Takeaways
Key players operating in the hexagonal packaging market 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.
Growing demand: The growing demand for aesthetically appealing and sustainable packaging solutions from end use industries such as e-commerce, food and beverage, personal care etc is expected to drive the Hexagonal Packaging Market Growth over the forecast period. Hexagonal boxes provide a high-end appearance to products and help brands differentiate themselves on shelves.
Global expansion: Key packaging manufacturers are strategically expanding their production facilities globally especially in developing regions of Asia Pacific and Middle East & Africa to cater to the growing packaging needs. Companies are also focusing on establishing strategic partnerships with e-commerce retailers and logistics service providers for sustainable growth.
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