Hexagonal Packaging Market is Estimated to Witness High Growth Owing to Growing Inclination Towards Sustainable Packaging
The hexagonal packaging market is gaining popularity owing to the rising inclination towards sustainable packaging solutions. Hexagonal boxes are increasingly being used as an alternative for cylindrical cartons and cardboard boxes as they provide more stability, stacking strength, and space-saving benefits. Hexagonal packaging is made from renewable resources like paperboard and are highly customizable in terms of shape, size, and finishing. They provide durable protection to diverse products ranging from electronic accessories to consumables and personal care items.
The Global hexagonal packaging market is estimated to be valued at US$ 15.99 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 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.
Key opportunities in the Hexagonal Packaging Market Size include growing demand for sustainable packaging from e-commerce and pharmaceutical industry. The rising focus on reducing plastic usage is also augmenting the adoption of eco-friendly hexagonal carton boxes.
Technological advancements such as gravure printing, lamination, and die-cutting have made hexagonal packaging versatile and intricate. Automation in packaging lines has resulted in higher production volumes at reduced costs. Advanced paperboard grades provide excellent barrier properties and printability for hexagonal boxes.
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