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

Hexagonal packaging provides numerous advantages over regular packaging formats. With six sides instead of four, hexagonal packaging maximizes space during transportation and storage. They can fit together tightly with no gaps in between, allowing 25% more products to be carried per truck or stored in a warehouse compared to circular or rectangular containers. The shape also provides protection from point impacts as force gets distributed evenly on the six sides. This has led to rising adoption of hexagonal packaging solutions across various industries such as food, beverage, pharmaceuticals, personal care products, and others in recent years.

 Market Dynamics:

The global hexagonal packaging market is driven by the increasing demand from fast moving consumer goods industries. Rising health-conscious consumer preference for packaged foods and beverages is propelling the market growth. Hexagonal containers allow brands to showcase their products advantageously by utilizing maximum space on retail shelves. The growing e-commerce industry is another key growth driver as hexagonal boxes facilitate the safe delivery of fragile items. However, requirements of specialized packaging machinery as well as initial setup and manufacturing costs pose challenges to the market growth. Ongoing research towards the development of lightweight and sustainable packaging materials presents a significant opportunity for market players.

 Key Features of the Study:

• This report provides in-depth analysis of the global hexagonal packaging market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global hexagonal packaging market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include 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
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global hexagonal packaging market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Detailed Segmentation-

• By Product Type:
• • Container
  • Boxes
  • Cartons
  • Others
• By End-use Industry:
• • Food Packaging
  • Cosmetics & Personal Care
  • Pharmaceuticals
  • Others
• By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
• • 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
  • Healey Packaging Ltd