The global honeycomb sheets market is expected to expand at a healthy CAGR over the forecast period on the backdrop of growing automobile and furniture end-use industries, among others. Honeycomb sheets are majority preferred by the consumers preferred as they provide strength and prevent it from corrosion.
One of the key factors driving the growth of the global honeycomb sheets market is the rise of e-commerce, which is boosting the demand for honeycomb sheets globally due to an inevitable need of safe transit of products. The materials used for the production of honeycomb sheets are recyclable, thus a safe option for the manufacturers considering the environment perspective. Honeycomb sheets also provide convenience to the manufacturers as it can be easily die cut, assembled and fabricated.
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Despite the positive factors, there are specific factors which are expected to hinder the growth of the global honeycomb sheets market. The lightweight of flexible packaging as compared to the honeycomb sheets packaging is one of the prime reason which is restraining the growth of the global honeycomb sheets market. Customization of the honeycomb sheets according to the need of the end use customers is expected to create opportunities of the global honeycomb sheets market.