Honeycomb Packaging Market, by Packaging Type (Exterior Packaging, Interior packaging, Pallets, and Others), by End-use industry (Automotive, Consumer goods, Food and beverages, Furniture, Industrial goods, and Others), and by Geography - Trends, and Forecast to 2025

  • Report code : CMI171034 |
  • Industry :

    Packaging

Honeycomb Packaging – Insights

Honeycomb structures are naturally occurring or man-made that have the geometry of a honeycomb. These are used between two thin sheets to make materials for honeycomb packaging. Honeycomb structure aids the material used in packaging in reducing density and increasing shear and compression properties. This enables in minimizing the material usage and maximizes strength. Honeycomb packaging is 100% ecofriendly, lightweight, shock absorbent and does not change in dimensions with temperature variations. It provides advantages such as easy handling and transportation, easy disposal, and low cost.

Increasing demand for sustainable packaging by various industries such as automotive, furniture, consumer goods, and others are the major growth drivers for honeycomb packaging. Furthermore, the growing demand for e-Commerce sector owing to increasing utilization of smart phones is propelling the growth of packaging industry, which in turn has augmented the growth of honeycomb packaging.

Increasing demand for flexible packaging is the major challenge to honeycomb packaging market. Stringent government regulation by U.S. Environmental Protection Agency and other regulatory bodies on the recyclability and environment hazards of the material used in flexible packaging such as plastic and aluminium is expected to boost growth of the honeycomb packaging market as honeycomb packaging is made from environment friendly material. 

The honeycomb packaging market is segmented on the basis of packaging type as exterior packaging, interior packaging, pallets, and others. Exterior packaging is the largest packaging type segment in the market as it provides enhanced safety in product transportation and is easy to handle.

The honeycomb packaging market is segmented on the basis of end-use industry as automotive, consumer goods, food and beverages, furniture, industrial goods, and others. Protective packaging is an important part of the automotive supply chain. Honeycomb packaging is the effective method for packaging bulky products and automotive parts as it offers enhanced safety.

North America was the dominant market with a market share of 34.79% in 2016. This is attributed to various initiatives taken by government agencies such as US Environment Protection Agency (EPA) to reduce packaging wastage. According to the United States Environment Protection Agency (EPA), packaging materials form 23% of the landfills. The government has set regulations to reduce packaging wastage and this is driving demand for environment friendly packaging materials such as honeycomb packaging. The significant growth in e-Commerce has also augmented growth of honeycomb packaging For instance, according to the US Census Bureau, the e-Commerce sales accounted for 7.3% of total sales among the sales through various distribution channels such as retail, supermarkets and others in 2015 and increased to 8.1% in 2016.

Asia Pacific is the fastest growing market in the forecast period. This is attributed to growing demand for packaging from automotive and e-Commerce sectors in emerging economies such as India and China. For instances, according to Automotive Mission Plan 2016–26 by Society of Indian Automobile Manufacturers (SIAM) and Indian Government, the Indian automotive OEM market is expected to grow from 10% to 15% to reach US$ 16.5 Bn by 2021 from US$ 7 Bn in 2016 and generate upto US$ 300 Bn in annual revenue by 2026. According to India Brand Equity Foundation, the total online spending by the consumers is estimated to increase by 31% Y-o-Y to reach US$ 135.8 Bn by 2018 and cross border shopping was valued at US$ 9.1 Bn in 2016 and is estimated to increase by 85% Y-o-Y in 2017.

Honeycomb packaging market was valued at US$ 9.64 Bn in 2016 and is projected to register a CAGR of 6.5% in terms of revenue, during 2017–02025.

Figure 1. Global Honeycomb Packaging Market Share, by Region, 2016

honeycomb packaging market

Source: Coherent Market insights (2017)

The major market players operating in the honeycomb packaging market are ACH Foam Technologies, BASF SE, DS Smith Plc, Huhtamaki Group, Lsquare Eco-Products Pvt. Ltd., Packaging Corporation of America, Sealed Air Corporation, Sonoco Products Company, Smurfit Kappa Group, and WestRock Company.

The honeycomb packaging market is highly competitive with the major market players adopting various strategies such as merger and acquisitions, collaborations and new product launches to gain an edge in the market. For instance, in April 2015, Smurfit Kappa Benelux, which is a subsidiary of Smurfit Kappa, acquired Mexican and European operations of Hexacomb, which is a subsidiary of Packaging Corporation of America. Also, in March 2017, Automated Packaging Systems launched a new AirPouch FastWrap, which is a cost effective packaging solution as compared to other wrappings such as pre-filled and paper bundled bubble and foam sheeting.

Honeycomb packaging is made by conglutination of paper bands into series of hexagons that are similar to honeycomb structure, and are then sandwiched between two sheets. The properties of honeycomb packaging are low material consumption, low weight, difficult to deform, resistant to pressure, shock and bending, good cushioning performance, and recyclable. Increasing demand for lightweight, environment friendly, and low cost packaging by food and beverages, automotive, and other industries is driving growth of the honeycomb packaging market.

Market Dynamics

North America is accounted for the largest share of 34.79% in 2016 in the market. This is attributed to growing demand and government regulations for environment friendly packaging such as honeycomb. Asia Pacific is estimated to be the second largest and the fastest growing market over the forecast period due to rapid growth in automotive, industrial, and other sectors, especially in emerging economies such as India and China.  

Key features of the study:

  • This report provides in-depth analysis of honeycomb packaging market, market size (US$ Mn), & Kilotons (KT) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017–2025), considering 2016 as the base year and 2015 as historical information
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
  • It profiles leading players in the global honeycomb packaging market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies and future plans
  • Key companies covered as a part of this study include ACH Foam Technologies, BASF SE, DS Smith Plc, Huhtamaki Group, Lsquare Eco-Products Pvt. Ltd., Packaging Corporation of America, Sealed Air Corporation, Sonoco Products Company, Smurfit Kappa Group, and WestRock Company.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, market expansion, and marketing tactics
  • The global honeycomb packaging market report caters to various stakeholders in this industry including investors, suppliers,  distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the honeycomb packaging market

Detailed Segmentation:

  • Global Honeycomb packaging Market, By Packaging Type:
    • Exterior Packaging
    • Interior packaging
    • Pallets
    • Others
  • Global Honeycomb packaging Market, By End-use industry
    • Automotive
    • Consumer goods
    • Food and beverages
    • Furniture
    • Industrial goods
    • Others
  • Global Honeycomb packaging Market, By Geography:
    • North America
      • U.S.
        • By Packaging Type:
          • Exterior Packaging
          • Interior packaging
          • Pallets
          • Others
        • By End-use industry:
          • Automotive
          • Consumer goods
          • Food and beverages
          • Furniture
          • Industrial goods
          • Others
      • Canada
        • By Packaging Type:
          • Exterior Packaging
          • Interior packaging
          • Pallets
          • Others
        • By End-use industry:
          • Automotive
          • Consumer goods
          • Food and beverages
          • Furniture
          • Industrial goods
          • Others
    • Europe
      • U.K.
        • By Packaging Type:
          • Exterior Packaging
          • Interior packaging
          • Pallets
          • Others
        • By End-use industry:
          • Automotive
          • Consumer goods
          • Food and beverages
          • Furniture
          • Industrial goods
          • Others
      • Germany
        • By Packaging Type:
          • Exterior Packaging
          • Interior packaging
          • Pallets
          • Others
        • By End-use industry:
          • Automotive
          • Consumer goods
          • Food and beverages
          • Furniture
          • Industrial goods
          • Others
      • Italy
        • By Packaging Type:
          • Exterior Packaging
          • Interior packaging
          • Pallets
          • Others
        • By End-use industry:
          • Automotive
          • Consumer goods
          • Food and beverages
          • Furniture
          • Industrial goods
          • Others
      • France
        • By Packaging Type:
          • Exterior Packaging
          • Interior packaging
          • Pallets
          • Others
        • By End-use industry:
          • Automotive
          • Consumer goods
          • Food and beverages
          • Furniture
          • Industrial goods
          • Others
      • Russia
        • By Packaging Type:
          • Exterior Packaging
          • Interior packaging
          • Pallets
          • Others
        • By End-use industry:
          • Automotive
          • Consumer goods
          • Food and beverages
          • Furniture
          • Industrial goods
          • Others
      • Rest of Europe
        • By Packaging Type:
          • Exterior Packaging
          • Interior packaging
          • Pallets
          • Others
        • By End-use industry:
          • Automotive
          • Consumer goods
          • Food and beverages
          • Furniture
          • Industrial goods
          • Others
    • Asia Pacific
      • China
        • By Packaging Type:
          • Exterior Packaging
          • Interior packaging
          • Pallets
          • Others
        • By End-use industry:
          • Automotive
          • Consumer goods
          • Food and beverages
          • Furniture
          • Industrial goods
          • Others
      • India
        • By Packaging Type:
          • Exterior Packaging
          • Interior packaging
          • Pallets
          • Others
        • By End-use industry:
          • Automotive
          • Consumer goods
          • Food and beverages
          • Furniture
          • Industrial goods
          • Others
      • Japan
        • By Packaging Type:
          • Exterior Packaging
          • Interior packaging
          • Pallets
          • Others
        • By End-use industry:
          • Automotive
          • Consumer goods
          • Food and beverages
          • Furniture
          • Industrial goods
          • Others
      • ASEAN
        • By Packaging Type:
          • Exterior Packaging
          • Interior packaging
          • Pallets
          • Others
        • By End-use industry:
          • Automotive
          • Consumer goods
          • Food and beverages
          • Furniture
          • Industrial goods
          • Others
      • Australia
        • By Packaging Type:
          • Exterior Packaging
          • Interior packaging
          • Pallets
          • Others
        • By End-use industry:
          • Automotive
          • Consumer goods
          • Food and beverages
          • Furniture
          • Industrial goods
          • Others
      • South Korea
        • By Packaging Type:
          • Exterior Packaging
          • Interior packaging
          • Pallets
          • Others
        • By End-use industry:
          • Automotive
          • Consumer goods
          • Food and beverages
          • Furniture
          • Industrial goods
          • Others
      • Rest of Asia Pacific
        • By Packaging Type:
          • Exterior Packaging
          • Interior packaging
          • Pallets
          • Others
        • By End-use industry:
          • Automotive
          • Consumer goods
          • Food and beverages
          • Furniture
          • Industrial goods
          • Others
    • Latin America
      • Brazil
        • By Packaging Type:
          • Exterior Packaging
          • Interior packaging
          • Pallets
          • Others
        • By End-use industry:
          • Automotive
          • Consumer goods
          • Food and beverages
          • Furniture
          • Industrial goods
          • Others
      • Mexico
        • By Packaging Type:
          • Exterior Packaging
          • Interior packaging
          • Pallets
          • Others
        • By End-use industry:
          • Automotive
          • Consumer goods
          • Food and beverages
          • Furniture
          • Industrial goods
          • Others
      • Rest of Latin America
        • By Packaging Type:
          • Exterior Packaging
          • Interior packaging
          • Pallets
          • Others
        • By End-use industry:
          • Automotive
          • Consumer goods
          • Food and beverages
          • Furniture
          • Industrial goods
          • Others
    • Middle East
      • GCC
        • By Packaging Type:
          • Exterior Packaging
          • Interior packaging
          • Pallets
          • Others
        • By End-use industry:
          • Automotive
          • Consumer goods
          • Food and beverages
          • Furniture
          • Industrial goods
          • Others
      • Israel
        • By Packaging Type:
          • Exterior Packaging
          • Interior packaging
          • Pallets
          • Others
        • By End-use industry:
          • Automotive
          • Consumer goods
          • Food and beverages
          • Furniture
          • Industrial goods
          • Others
      • Rest of Middle East
        • By Packaging Type:
          • Exterior Packaging
          • Interior packaging
          • Pallets
          • Others
        • By End-use industry:
          • Automotive
          • Consumer goods
          • Food and beverages
          • Furniture
          • Industrial goods
          • Others
    • Africa
      • Northern Africa
        • By Packaging Type:
          • Exterior Packaging
          • Interior packaging
          • Pallets
          • Others
        • By End-use industry:
          • Automotive
          • Consumer goods
          • Food and beverages
          • Furniture
          • Industrial goods
          • Others
      • Central Africa
        • By Packaging Type:
          • Exterior Packaging
          • Interior packaging
          • Pallets
          • Others
        • By End-use industry:
          • Automotive
          • Consumer goods
          • Food and beverages
          • Furniture
          • Industrial goods
          • Others
      • South Africa
        • By Packaging Type:
          • Exterior Packaging
          • Interior packaging
          • Pallets
          • Others
        • By End-use industry:
          • Automotive
          • Consumer goods
          • Food and beverages
          • Furniture
          • Industrial goods
          • Others
  • Company Profiles
    • BASF S.E. *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • ACH Foam Technologies
    • DS Smith Plc
    • Huhtamaki Group
    • Lsquare Eco-Products Pvt. Ltd.
    • Packaging Corporation of America
    • Sealed Air Corporation
    • Sonoco Products Company
    • Smurfit Kappa Group
    • WestRock Company

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Packaging Type
      • Market Snippet, By End-use Industry
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Merger and Acquisitions
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
    • Cost Tier Down Analysis
  4. Global Honeycomb Packaging Market, By Packaging Type, 2017–2025, (US$ Mn & Kilotons (KT))
    • Introduction
      • Market Share Analysis, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, 2017–2025
      • Segment Trends
    • Exterior Packaging
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn & Kilotons (KT))
    • Interior Packaging
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn & Kilotons (KT))
    • Pallets
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn & Kilotons (KT))
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn & Kilotons (KT))
  5. Global Honeycomb Packaging Market, By End-use Industry, 2017–2025, (US$ Mn & Kilotons (KT))
    • Introduction
      • Market Share Analysis, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, 2017–2025
      • Segment Trends
    • Automotive
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn & Kilotons (KT))
    • Consumer Goods
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn & Kilotons (KT))
    • Food and Beverages
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn & Kilotons (KT))
    • Furniture
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn & Kilotons (KT))
    • Industrial Goods
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn & Kilotons (KT))
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn & Kilotons (KT))
  6. Global Honeycomb Packaging Market, By Regions, 2017–2025, (US$ Mn & Kilotons (KT))
    • Introduction
      • Market Share Analysis, By Region, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2025
    • North America
      • U.S.
        • Country Trends
        • Market Size and Forecast, By Packaging Type, 2017–2025, (US$ Mn & Kilotons (KT))
        • Market Size and Forecast, By End-use Industry, 2017–2025, (US$ Mn & Kilotons (KT))
      • Canada
        • Country Trends
        • Market Size and Forecast, By Packaging Type, 2017–2025, (US$ Mn & Kilotons (KT))
        • Market Size and Forecast, By End-use Industry, 2017–2025, (US$ Mn & Kilotons (KT))
      • Market Share Analysis, By Country, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, By Country, 2017–2025
    • Europe
      • U.K.
        • Country Trends
        • Market Size and Forecast, By Packaging Type, 2017–2025, (US$ Mn & Kilotons (KT))
        • Market Size and Forecast, By End-use Industry, 2017–2025, (US$ Mn & Kilotons (KT))
      • Germany
        • Country Trends
        • Market Size and Forecast, By Packaging Type, 2017–2025, (US$ Mn & Kilotons (KT))
        • Market Size and Forecast, By End-use Industry, 2017–2025, (US$ Mn & Kilotons (KT))
      • Italy
        • Country Trends
        • Market Size and Forecast, By Packaging Type, 2017–2025, (US$ Mn & Kilotons (KT))
        • Market Size and Forecast, By End-use Industry, 2017–2025, (US$ Mn & Kilotons (KT))
      • France
        • Country Trends
        • Market Size and Forecast, By Packaging Type, 2017–2025, (US$ Mn & Kilotons (KT))
        • Market Size and Forecast, By End-use Industry, 2017–2025, (US$ Mn & Kilotons (KT))
      • Russia
        • Country Trends
        • Market Size and Forecast, By Packaging Type, 2017–2025, (US$ Mn & Kilotons (KT))
        • Market Size and Forecast, By End-use Industry, 2017–2025, (US$ Mn & Kilotons (KT))
      • Rest of Europe
        • Country Trends
        • Market Size and Forecast, By Packaging Type, 2017–2025, (US$ Mn & Kilotons (KT))
        • Market Size and Forecast, By End-use Industry, 2017–2025, (US$ Mn & Kilotons (KT))
      • Market Share Analysis, By Country, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, By Country, 2017–2025
    • Asia Pacific
      • China
        • Country Trends
        • Market Size and Forecast, By Packaging Type, 2017–2025, (US$ Mn & Kilotons (KT))
        • Market Size and Forecast, By End-use Industry, 2017–2025, (US$ Mn & Kilotons (KT))
      • India
        • Country Trends
        • Market Size and Forecast, By Packaging Type, 2017–2025, (US$ Mn & Kilotons (KT))
        • Market Size and Forecast, By End-use Industry, 2017–2025, (US$ Mn & Kilotons (KT))
      • Japan
        • Country Trends
        • Market Size and Forecast, By Packaging Type, 2017–2025, (US$ Mn & Kilotons (KT))
        • Market Size and Forecast, By End-use Industry, 2017–2025, (US$ Mn & Kilotons (KT))
      • ASEAN
        • Country Trends
        • Market Size and Forecast, By Packaging Type, 2017–2025, (US$ Mn & Kilotons (KT))
        • Market Size and Forecast, By End-use Industry, 2017–2025, (US$ Mn & Kilotons (KT))
      • Australia
        • Country Trends
        • Market Size and Forecast, By Packaging Type, 2017–2025, (US$ Mn & Kilotons (KT))
        • Market Size and Forecast, By End-use Industry, 2017–2025, (US$ Mn & Kilotons (KT))
      • South Korea
        • Country Trends
        • Market Size and Forecast, By Packaging Type, 2017–2025, (US$ Mn & Kilotons (KT))
        • Market Size and Forecast, By End-use Industry, 2017–2025, (US$ Mn & Kilotons (KT))
      • Rest of Asia Pacific
        • Country Trends
        • Market Size and Forecast, By Packaging Type, 2017–2025, (US$ Mn & Kilotons (KT))
        • Market Size and Forecast, By End-use Industry, 2017–2025, (US$ Mn & Kilotons (KT))
      • Market Share Analysis, By Country, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, By Country, 2017–2025
    • Latin America
      • Brazil
        • Country Trends
        • Market Size and Forecast, By Packaging Type, 2017–2025, (US$ Mn & Kilotons (KT))
        • Market Size and Forecast, By End-use Industry, 2017–2025, (US$ Mn & Kilotons (KT))
      • Mexico
        • Country Trends
        • Market Size and Forecast, By Packaging Type, 2017–2025, (US$ Mn & Kilotons (KT))
        • Market Size and Forecast, By End-use Industry, 2017–2025, (US$ Mn & Kilotons (KT))
      • Rest of Latin America
        • Country Trends
        • Market Size and Forecast, By Packaging Type, 2017–2025, (US$ Mn & Kilotons (KT))
        • Market Size and Forecast, By End-use Industry, 2017–2025, (US$ Mn & Kilotons (KT))
      • Market Share Analysis, By Country, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, By Country, 2017–2025
    • Middle East
      • GCC
        • Country Trends
        • Market Size and Forecast, By Packaging Type, 2017–2025, (US$ Mn & Kilotons (KT))
        • Market Size and Forecast, By End-use Industry, 2017–2025, (US$ Mn & Kilotons (KT))
      • Israel
        • Country Trends
        • Market Size and Forecast, By Packaging Type, 2017–2025, (US$ Mn & Kilotons (KT))
        • Market Size and Forecast, By End-use Industry, 2017–2025, (US$ Mn & Kilotons (KT))
      • Rest of Middle East
        • Country Trends
        • Market Size and Forecast, By Packaging Type, 2017–2025, (US$ Mn & Kilotons (KT))
        • Market Size and Forecast, By End-use Industry, 2017–2025, (US$ Mn & Kilotons (KT))
      • Market Share Analysis, By Country, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, By Country, 2017–2025
    • Africa
      • Northern Africa
        • Country Trends
        • Market Size and Forecast, By Packaging Type, 2017–2025, (US$ Mn & Kilotons (KT))
        • Market Size and Forecast, By End-use Industry, 2017–2025, (US$ Mn & Kilotons (KT))
      • Central Africa
        • Country Trends
        • Market Size and Forecast, By Packaging Type, 2017–2025, (US$ Mn & Kilotons (KT))
        • Market Size and Forecast, By End-use Industry, 2017–2025, (US$ Mn & Kilotons (KT))
      • South Africa
        • Country Trends
        • Market Size and Forecast, By Packaging Type, 2017–2025, (US$ Mn & Kilotons (KT))
        • Market Size and Forecast, By End-use Industry, 2017–2025, (US$ Mn & Kilotons (KT))
      • Market Share Analysis, By Country, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, By Country, 2017–2025
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
  7. Company Profiles
    • BASF S.E.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
      • Future Plans
    • ACH Foam Technologies
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
      • Future Plans
    • DS Smith Plc
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
      • Future Plans
    • Huhtamaki Group
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
      • Future Plans
    • Lsquare Eco-Products Pvt. Ltd.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
      • Future Plans
    • Packaging Corporation of America
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
      • Future Plans
    • Sealed Air Corporation
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
      • Future Plans
    • Sonoco Products Company
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
      • Future Plans
    • Smurfit Kappa Group
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
      • Future Plans
    • WestRock Company
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
      • Future Plans
    • Analyst Views
  8. Section
    • References
    • Research Methodology
    • About Us and Sales Contact

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Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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