HEXAGONAL PACKAGING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Regional Analysis

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North America remains the dominant region in the global hexagonal packaging market. The presence of key players in the region such as Packaging Corporation of America and Smurfit Kappa along with the large packaging material manufacturing base has enabled North America to account for over 38.7% of the global hexagonal packaging demand in 2024. The packaging industry in the region is highly organized and process-oriented, focusing on automation and technology adoption to maximize output. This helps North American brands to effectively meet the packaging needs of different end-use industries, especially food and beverage.

Meanwhile, Asia Pacific has emerged as the fastest growing regional market for hexagonal packaging. Rapid industrialization and growing consumerism have significantly increased packaging consumption across countries like China, India, Japan, and South Korea. Asia Pacific contributes to around a quarter of global hexagonal packaging consumption currently. Price-sensitive local brands prefer hexagonal boxes due to their cost-efficiency over other shapes. Moreover, the presence of several SMEs focusing on FMCG and pharmaceutical products boosts hexagonal packaging usage. Nations like China and India also export large volumes of packaged food, garments, and other products to international markets, thus supporting the hexagonal packaging export growth.