The hexagonal packaging market provides sustainable and efficient packaging solutions. Hexagonal cartons and containers offer higher stacking strength, space optimization, and aesthetic appeal. These eco-friendly packaging options are increasingly adopted across industries like food and beverages, cosmetics, pharmaceuticals, and healthcare for their advantages.
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. Smurfit Kappa being a leader provides sustainable packaging solutions across 50 countries.
The growing demand for sustainable and eco-friendly packaging from industries like food and beverages, cosmetics, pharmaceuticals, and healthcare is fueling the Hexagonal Packaging Market Growth Hexagonal cartons and containers offer higher load-bearing capacity, impressive graphics, and effective promotional space for product marketing.
The hexagonal packaging companies are focusing on expanding their global footprint. Smurfit Kappa acquired Croatia-based packaging company Papel d.d. in 2021 to strengthen its packaging network in Central and Eastern Europe. Hexagon Packaging recently set up a production unit in Nigeria to meet the growing demand in the African region.
Market key Trends
Customization and personalized in the hexagonal packaging market Size And Trends Companies offer hexagonal cartons and containers in various designs, sizes, graphics, and custom die-cuts as per client requirements. This boosts brand visibility and the overall customer experience. Sustainable and eco-friendly packaging using recycled materials is also gaining traction. Packaging manufacturers emphasize renewable and biodegradable materials like paper, sugarcane, and bamboo fibers to reduce environmental footprint.
Porter’s Analysis
Threat of new entrants: Low startup costs and expertise required to enter hexagonal packaging market make threat of new entrants moderate.
Bargaining power of buyers: Many established players in hexagonal packaging market gives buyers higher bargaining power.
Bargaining power of suppliers: Specialized raw materials and machinery required gives suppliers moderate bargaining power over hexagonal packaging manufacturers.
Threat of new substitutes: Limited substitute options like cylindrical or circular packaging doesn’t pose major threat to hexagonal packaging.
Competitive rivalry: Well established players and low differentiation between hexagonal packaging products increases competitive rivalry in the market.
Geographical regions: North America region currently holds the largest share in hexagonal packaging market in terms value. High demand from food industry especially confectionery packaging drives the market growth.
Asia Pacific region is expected to grow fastest during forecast period in hexagonal packaging market. Increasing per capita income, growing middle class population and changing lifestyles driving demand for packaged food and confectionery goods in countries like China and India propels the market growth.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it.
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