The size of global Battery Packaging Market is estimated to reach a value of USD 53.04 billion by the end of 2025, with a CAGR of 12.4% along the forecast period.
Batteries have become our day to day life. Based on the size of the cell, the battery packaging manufacturers focus on their packaging solutions. They are used in pharmaceutical, consumer products, and so on. Nowadays, products that include batteries are toys for children, remotes for television, air-condition, remote control cars etc. Safe packing of batteries is to be done without any chemical leakage. Usage of cheap and high production of cells/batteries includes benefits like the flexibility of design and implementation. Batteries are made of chemical elements. While transportation, these batteries should be safely packed, as there should be no chemical leakage. The safe battery packing is done, which appreciates inclination.Sustainable transport and energy are driving the growth of the market. The demand for a high number of batteries in shape and size is driven by consumer electronics which together coupled with technological advancements.
The lithium-ion battery is most widely used by consumers that is going to record the market with USD 72.3 billion by 2025, with a CAGR of 16.2%. Most of the consumers use batteries which consist of the Li-ion battery. APAC is leading to hold the most substantial market value of battery packaging industry. Corrugated packaging, bliss boxes and strip packaging have excellent penetration in the global battery packaging market. Lithium-ion batteries are mostly transported to Europe and North America. Most of the countries are looking at China, as it is presumed to have a record of highest growth during the forecast period as a leading manufacturer in the APAC region. Most of the gadgets are having in-built batteries which don’t require packing.
The battery packaging market consists of few stakeholders like raw material suppliers, manufacturers, processors in the supply chain market. Inconstancies in any of these can result in a slow expansion rate of this business.
UPS constructed a distribution center in January 2017 that helped the organization to expand its operations and smoother shipments.
UPS also opened a shipping center in June 2018 in Texas. It plans to improve efficiency and connectivity across the UPS hub and network.
H&T Nevada (US), started its production facility of Tesla, in January 2017. This new production unit is dedicated to the production line of Tesla. This development helped to increase its market presence in the cell packaging segment.
Drivers in the Battery Packaging Market
Rising use of the batteries in the automotive industry, mainly in electric cars and electric scooters are the driving factors, which have boosted the growth of the global battery packaging market. Majorly the lithium-ion batteries are employed in almost all the industries owing to its more density and better efficiency characteristics. The battery industry is among the quickest developing industries across the world and are among the most exported products on the globe. The growing regions are quickly investing in the international battery industry therefore driving the packaging industry to develop. The industry of customer electronic devices has seen major change in the past decade. The worldwide battery packaging industry is expected to raise on the grounds of customer electronics segment advancement and increasing industrialization. The constantly enduring call for batteries is foreseen to boost the call for battery packaging solutions, over the world. Another major factor foreseen to drive advancement of the worldwide battery packaging industry is development in battery packaging structures. Battery packaging system that gives great product presentation is foreseen to be bought more frequently. Advancement in the customer electronics and automobile industries, over the most recent couple of years has boosted advancement of the worldwide battery packaging industry. All of these factors is responsible for driving advancement of the worldwide battery packaging industry. The constant rising call for batteries is estimated to boost the requirement for battery packaging solutions in the world. Escalated funds in the battery making industry have boosted the development in cell & pack packaging sector.
The increasing awareness relating to substitute sources of energy and escalating adoption of electric vehicles to control the ever-rising carbon footprint has boosted the call for lithium-ion batteries worldwide. Batteries are estimated to experience escalated application in the foreseen period that in turn, is estimated to translate into expansion for the global battery packaging market. The worldwide customer electronics market has experienced high transformation in the past couple of years. The worldwide battery packaging industry is estimated to raise on the backdrop of customer electronics industry expansion and rising industrialization. Economic powerhouses like India and China have strategies to double their production result, over the next five years that is estimated to offer high opportunities to the worldwide battery packaging industry. All these factors help drive expansion of the global battery packaging market.
Restraints in the Battery Packaging Market
Nevertheless of the uplifting outlook, there are firm factors that may hinder development of the worldwide battery packaging industry, involving growing integration of batteries in electronic products. In spite the positive outlook, there are some factors which might hinder expansion of the worldwide battery packaging market including rising integration of batteries in electronic devices.
Opportunities in the Battery Packaging Market
Financial powerhouses, for instance, China, and India have strategies to two fold their making yield, in the upcoming years that is probable to give high chances to the global battery packaging industry in the future.
Challenges in the Battery Packaging Market
Safe battery packaging enjoys good preference, as more the energy, more is the risk factor for chemical leakage. The high price and low efficiency of sustainable technology are slowing down the industry growth.
Battery Packaging Market segmentation as per the research report until 2025.
Battery Packaging Market - By Battery
Lithium-Ion Battery is most commonly wide used battery and is also projected to grow at the fastest rate during the forecast period. Due to high efficiency and high energy in size, these lithium-ion batteries are the most favourable choice for the end-users. These are considered to be ideal for EV applications and energy storage.
Battery Packaging Market - By Packaging
In terms of the level of packaging, the cell and pack packaging is expected to account for most of the global battery packaging business in the coming years.
Battery Packaging Market - By Casing
Most widely used casing is the cylindrical segment for primary and secondary batteries. The applications of these cylindrical batteries are wireless communication, power tools, biomedical tools and others, which do not require a compact battery size. The Prismatic cell is rectangular and is mainly used for lithium polymer batteries.
Battery Packaging Market - By Material
Metal segment is likely to account for a prominent share due to high compatibility and security compared to its counterparts.
Battery Packaging Market - By Type of Packaging
Corrugated packaging held the largest share of 36.5% in the global battery packaging market as these are cheaper in comparison to blister as well as the number of batteries can be transported easily. Countries like India and China have a massive demand for this type of packaging.
Battery Packaging Market - By Region
The Asia Pacific battery packaging market is leading the global business and projected to have the largest revenue share in the forecast period. China is the main contributor to the APAC market.
North America battery packaging market is foreseen to have moderate revenue share in the global business, followed by Europe. The MEA battery packaging market is also anticipated to have steady growth during the projection period.
Battery Packaging Market key players:
Major companies plying their trade in the Battery Packaging Market include Bemis Company, Inc., Amcor Rigid Plastics USA, Inc., Ball Corporation,, Smurfit Kappa Group Plc., DS Smith Plc., Graphic Packaging International, Inc., WestRock Company, Mondi Group Plc., Stora Enso Ingerois Oy,, Coveris Holdings S.A., Nefab Group, United Parcel Inc., DHL, Zarges Group, Heitkamp &Thumann Group.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Battery Packaging Market, By Type of Casing
6.1.4 Market Size Estimations & Forecasts (2019-2024)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 Battery Packaging Market, By Type of Packaging
6.2.3 Market Size Estimations & Forecasts (2019-2024)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
6.3 Battery Packaging Market, By Material
6.3.4 Market Size Estimations & Forecasts (2019-2024)
6.3.5 Y-o-Y Growth Rate Analysis
6.3.6 Market Attractiveness Index
6.4 Battery Packaging Market, By Level of Packaging
6.4.1 Cell & Pack Packaging
6.4.2 Transport Packaging
6.4.3 Market Size Estimations & Forecasts (2019-2024)
6.4.4 Y-o-Y Growth Rate Analysis
6.4.5 Market Attractiveness Index
6.5 Battery Packaging Market, By Battery
6.5.1 Lithium-ion Battery
6.5.2 Lead-acid Battery
6.5.3 Market Size Estimations & Forecasts (2019-2024)
6.5.4 Y-o-Y Growth Rate Analysis
6.5.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Type of Casing
7.2.3 By Type of Packaging
7.2.4 By Material
7.2.5 By Level of Packaging
7.2.6 By Battery
7.3.1 By Country
22.214.171.124 Rest of Europe
7.3.2 By Type of Casing
7.3.3 By Type of Packaging
7.3.4 By Material
7.3.5 By Level of Packaging
7.3.6 By Battery
7.4 Asia Pacific
7.4.1 By Country
126.96.36.199 South Korea
188.8.131.52 South East Asia
184.108.40.206 Australia & NZ
220.127.116.11 Rest of Asia-Pacific
7.4.2 By Type of Casing
7.4.3 By Type of Packaging
7.4.4 By Material
7.4.5 By Level of Packaging
7.4.6 By Battery
7.5 Latin America
7.5.1 By Country
18.104.22.168 Rest of Latin America
7.5.2 By Type of Casing
7.5.3 By Type of Packaging
7.5.4 By Material
7.5.5 By Level of Packaging
7.5.6 By Battery
7.6 Middle East and Africa
7.6.1 By Country
22.214.171.124 Middle East
7.6.2 By Type of Casing
7.6.3 By Type of Packaging
7.6.4 By Material
7.6.5 By Level of Packaging
7.6.6 By Battery
8. Key Player Analysis
8.1 Bemis Company, Inc.
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Amcor Rigid Plastics USA, Inc.
8.3 Ball Corporation
8.4 Smurfit Kappa Group Plc
8.5 DS Smith Plc.
8.6 Graphic Packaging International, Inc.
8.7 Mondi Group Plc.
8.8 United Parcel Inc.
8.10 Coveris Holdings S.A.
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
The segment-level analysis in terms of By Diagnostic Wearable Devices, and Therapeutic Wearable Devices along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Global Battery Packaging Market By Region, From 2020-2025 ( USD Billion )
Global Battery Packaging Market By Type of Casing, From 2020-2025 ( USD Billion )
Global Cylindrical Market By Region, From 2020-2025 ( USD Billion )
Global Pouch Market By Region, From 2020-2025 ( USD Billion )
Global Prismatic Market By Region, From 2020-2025 ( USD Billion )
Global Battery Packaging Market By Type of Packaging, From 2020-2025 ( USD Billion )
Global Corrugated Market By Region, From 2020-2025 ( USD Billion )
Global Blister Market By Region, From 2020-2025 ( USD Billion )
Global Battery Packaging Market By Material, From 2020-2025 ( USD Billion )
Global Metals Market By Region, From 2020-2025 ( USD Billion )
Global Plastics Market By Region, From 2020-2025 ( USD Billion )
Global Cardboard Market By Region, From 2020-2025 ( USD Billion )
Global Battery Packaging Market By Level of Packaging, From 2020-2025 ( USD Billion )
Global Cell & Pack Packaging Market By Region, From 2020-2025 ( USD Billion )
Global Transport Packaging Market By Region, From 2020-2025 ( USD Billion )
Global Battery Packaging Market By Battery, From 2020-2025 ( USD Billion )
Global Lithium-ion Battery Market By Region, From 2020-2025 ( USD Billion )
Global Lead-acid Battery Market By Region, From 2020-2025 ( USD Billion )