0
New
New
2023
Battery Packaging Market

Battery Packaging Market

by Material Type (Metal, Plastics, Others), by Battery Type (Lithium Ion, Lead Acid, Nickel Cadmium, Others), by Casing type (Cylindrical, Prismatic, Coin, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

Report Code: A47443
Pages: 509
Jan 2023 | 324 Views
Author(s) : Akshata D , Yerukola P
Tables: 218
Charts: 61
  • Formats*:

  • pdf

    Single User License, Five User
    License & Enterprise User License

  • xls

    Data Pack Excel License

  • ppt

    It comes with the additional cost
    of $2500.00 contact sales.

 

Battery Packaging Market Research, 2031

The global battery packaging market was valued at $24.5 billion in 2021, and is projected to reach $61.5 billion by 2031, growing at a CAGR of 9.7% from 2022 to 2031.

Report key highlighters:

  • The report outlines the current battery packaging market trends and future scenario of the market from 2022 to 2031 to understand the prevailing opportunities and potential investment pockets.
  • The global battery packaging market has been analyzed in terms of value ($Million) and volume (Kilotons). The analysis in the report is provided on the basis of material type, battery type, casing type, 4 major regions, and more than 15 countries.
  • The battery packaging market is consolidated in nature with few players such as Deutsche Post AG, EPEC LLC, NEFAB Group, Wellplast AB, schott, Sohner Kunststofftechnik GmbH, DS Smith Plc, heitkamp & thumann group, targray, and zarges gmbh, which hold significant share of the market.
  • The report proivdes strategy planning and industry dynamics to enhance decision making for existing market players and new entrants entering the battery packaging industry.
  • Countries such as China, U.S., India, Germany, and Brazil hold a significant share in the global battery packaging market.

The global demand for battery packaging has reached exceptional heights owing to, improved construction methods and rising capital expenditures in the renewable energy industry would stimulate the global battery packaging market. Furthermore, increasing investment in grid interconnections, growth in power generation, and robust use of battery packaging material to improve efficiency of batteries are a few of the causes that are driving up demand for the battery packaging market.

Battery Packaging MarketBattery packaging is the process of safeguarding batteries such as lithium-ion, lead acid, flow battery, and others for protection purposes. In addition, cell packaging designs and their combinations in modules and battery packs are offered in a vast variety, for primary and secondary batteries. Packaging of batteries reduces any leakage of chemical substances and protects from unexpected wear and tear. Battery packaging has a wide range of applications in automotive, industrial, electronics, battery packaging battery, and others.

Robust demand from automotive industry is expected to drive the battery packaging market

Battery demand is mainly driven by the automotive starter batteries, laptops, portable computers, electric vehicles, and latest rechargeable battery technology. In addition, rise in demand for eco-friendly and cost-effective energy solutions for industrial and commercial energy storage installation is expected to drive the market growth.

Moreover, the installation of solar battery can effectively reduce carbon footprints. Implementation of battery packaging can make a nation energy independent and reduce the dependence on imported fossil energy resources. Furthermore, growing interest of industry players toward renewable energy storage solutions is expected to increase investment opportunities during the forecast timeframe. For instance, countries, such as the UK and Portugal, are encouraging capacity auctions for solar battery storage instead of conventional energy storage systems. Such developments will positively impact the market growth.

However, lithium-ion batteries are sensitive to elevated temperature due to which they have a short life cycle. This is projected to affect the growth of the battery packaging market. In addition, low efficiency and excessive cost of sustainable technologies are expected to hamper market growth.

Upgradation in the technology and adoption of AI system in the energy sector has driven the market

Nonetheless, the growing prominence of energy trading with block chain and AI technologies opened new market opportunities for battery packaging market. This will provide the owner of solar battery and solar PV systems with a new opportunity to export the excess energy storage batteries and sell it at premium price. This is anticipated to increase the demand for the battery packaging; thus, creating remunerative opportunities for the market. 

The battery packaging market is segmented into material type, battery type, casing type, and region. On the basis of material type, the market is divided into all metals, plastics, and others. On the basis of battery type, the market is categorized into lithium ion, lead acid, nickel cadmium, and others. On the basis of casing type, it is classified into cylindrical, prismatic, coin, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Battery Packaging Market
By Region

2031
Asia-pacific 
North America
Europe
LAMEA

Asia-Pacific would exhibit highest CAGR of 10.0% during 2022-2031

Get more information on this report : Request Sample Pages

The Asia-Pacific region is projected to grow at the highest CAGR of 10.0% during the forecast period and account for 63% of battery packaging market share in 2021. Asia-Pacific dominates the market with more than 40% revenue share. This is attributed to rise in concern from governments across emerging nations, such as China, India, and South Korea, regarding zero-emission norms. Moreover, China is the topmost producer of electric vehicles in the world where lithium-ion energy storage barriers are widely employed in electric vehicles, which propel the battery packaging market growth.

Moreover, China being the largest producer of solar power is expected to further foster the growth of the market in Asia-Pacific. Furthermore, the presence of leading battery manufacturers such as GS Yuasa, Panasonic, Exide, LG, and others are likely to boost the market. Moreover, Europe has accounted for the second highest revenue-generating region for the global battery packaging market and is projected to grow at 9.5% CAGR during the forecast period. 

Battery Packaging Market
By Material Type

Your browser does not support the canvas element.

Metal material type segment is the most lucrative segment

Get more information on this report : Request Sample Pages

In 2021, the metal was the largest revenue generator and is anticipated to grow at a CAGR of 9.9% during the forecast period. Increase in the production rate of crude steel is anticipated to enhance the metal manufacturing industry. For instance, according to an article published by the India Brand Equity Foundation in December 2022, India’s crude steel production stood at 71.3 MT (Metric Ton) in FY23 (until October 2022). This factor enhances the overall production of metal during the forecast period.

Furthermore, several manufacturers have increased their production capacities for metal due to the substantial increase in the demand for metal in battery packaging. Aluminum, nickel, and iron are good conductors of electricity owing to which it is extensively used in battery packaging as a covering and protecting material. Moreover, the plastic material type segment accounted for the second largest revenue-generating segment. In recent times polymers, such as polypropylene, have replaced aluminum as the material of choice for casings due to the easy moldability of polymers into various shapes along with excellent chemical resistance. This factor has enhanced market growth. Moreover, polyvinyl chloride PVC coverings are the most widely adopted resin across the globe.

According to an article published by The European Council of Vinyl Manufacturers in 2021, polyvinyl chloride (PVC) is one of the most used plastics in the world. Global use of polyvinyl chloride exceeds 40 billion tons per year. This factor has increased the overall production capacities for PVC-based battery packaging sheets from various end-use industries such as building and construction, medical, automobile, packaging, and others; thus, offering the most lucrative opportunities for the market.

Battery Packaging Market
By Battery Type

Your browser does not support the canvas element.

Lithium ion battery type segment is the highest growing segment

Get more information on this report : Request Sample Pages

By battery type, the lithium ion segment dominated the global market in 2021, and is anticipated to grow at a CAGR of 10.1% during forecast period. Prismatic cell and metal-based material is used for lithium-ion battery packaging which has enhanced the overall demand for lithium ion batteries in the market. Furthermore, utilization of lithium-ion batteries have increased in the electrical sector owing to the rise in industrialization, urbanization, and growing consumer demand for various electric-based devices, vehicles and growing prominence of sustainable energy solutions is expected to surge the demand for lithium-ion battery; thus, helps in increase the potential sales for the market.  

In response to this, the nickel-cadmium battery type segment is growing at 9.3% CAGR during the forecast period. Nickel-cadmium batteries are widely utilized in electronic components as an electrode. Nickel-cadmium battery offers higher power density owing to which metal type of cell packaging has a huge scope in the electronics industry.

Battery Packaging Market
By Casing Type

Your browser does not support the canvas element.

Cylndrical casing type segment is projected as the fastest growing segment

Get more information on this report : Request Sample Pages

By casing type, the cylindrical casing type segment dominated the global market in 2021, and is anticipated to grow at a CAGR of 10.2% during forecast period. The cylindrical cell continues to be one of the most widely used packaging styles for primary and secondary batteries. Cylindrical casing types possess some advantages such as ease of manufacture and good mechanical stability.

The tubular cylinder can withstand high internal pressures without deforming owing to which it is extensively used in various end use industry such as, power tools, medical instruments, laptops, and electric vehicles. This factor is projected to escalate the demand for battery packaging market for cylindrical casing segment. The prismatic casing type segment is the second largest revenue gernating segment and accounted for 27% of the total market share in 2021. The prismatic-based casing is used in solar energy storage systems. Its larger size makes it best suited for solar energy-intensive applications. This may act as one of the key drivers responsible for the growth of the prismatic battery packaging market.

Key Market Trends:

Several key manufacturers are actively engaged in offering sustainable battery production. For instance, Drax company offers battery recyclability. This recycling procedure offers safe extraction of raw materials for use in other end use industries and products. This key market trend is projected to offer most remunerative opportunities for the battery packaging market.

The global battery packaging market profiles leading players that include Deutsche Post AG, EPEC LLC, NEFAB Group, Wellplast AB, schott, Sohner Kunststofftechnik GmbH, DS Smith Plc, heitkamp & thumann group, targray, and zarges gmbh. The global battery packaging market report provides in-depth competitive analysis as well as profiles of these major players.

Key Recent Developments:

In April 2022, Deutsche Post DHL Group, launched its commercial customers new on-demand packaging solutions to make shipments more cost-effective and environmentally friendly. Ths strategic product launch is projected to increase the potentail sales of compnay's battery pakcgaing solutions.

In June 2021, ZARGES company launched a new product named as ZARGES K 470 battery box. This new product offers protection to the hazardous goods by packaging items. This strategic product launch is expected to enhance ZARGES's product portfolio.

COVID-19 Impact Analysis: 

The global battery packaging market had negativley impacted due to the wake of COVID-19. Reduced expenditure of consumers during the lockdown highly impacted the market for solar products, including energy storage batteries, and battery packaging material. However, it is anticipated that sales of battery packaging have increased from 2022, due to the key elements including supportive government policies and initiatives to fulfill expanding energy demand using renewable energy sources. Furthermore, the building & construction, solar electricity, hydropower generation projects, and transportation activities are projected to get back on track and start functioning at full capacity post the COVID-19 period, which in turn may enhance the performance of the battery packaging market in 2022.  

Key Benefits For Stakeholders

  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the battery packaging market segmentation assists to determine the prevailing market opportunities.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global battery packaging market trends, key players, market segments, application areas, and market growth strategies.

Battery Packaging Market Report Highlights

Aspects Details
Market Size By 2031 USD 61.5 billion
Growth Rate CAGR of 9.7%
Forecast period 2021 - 2031
Report Pages 509
Material Type
  • Others
  • Metal
  • Plastics
Battery Type
  • Lithium Ion
  • Lead Acid
  • Nickel Cadmium
  • Others
Casing type
  • Cylindrical
  • Prismatic
  • Coin
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, UK, France, Spain, Italy, Rest of Europe)
  • Asia-Pacific  (China, India, Japan, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Key Market Players Deutsche Post AG, zarges gmbh, NEFAB Group, EPEC LLC, Wellplast AB, schott, Sohner Kunststofftechnik GmbH, DS Smith Plc, heitkamp & thumann group, targray
 

Loading Table Of Content...


 
 

According to CXOs of leading companies, the battery packaging market is expected to witness considerable growth. This is attributed to a significant surge in the demand from residential and commercial end-users. Distinct types of batteries such as lithium ion, lead acid, vanadium, and others are extensively used in hospitals, hotels, schools, educational institutions, and restaurants for energy storage and utility purposes.

In addition, rise in concern from governments across emerging nations, such as China, India, and South Korea, regarding zero emission norms is expected to drive the market growth. Governments across different countries implement new rebate and energy schemes on excess energy for residential and commercial users. This is expected to enhance the battery packaging market penetration in new customer segments.

The CXOs further added that sustained economic growth and the development of the residential & commercial and battery manufacturing sectors have surged the popularity of battery packaging market.

PURCHASE OPTIONS

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : +44-845-528-1300
Email : help@alliedmarketresearch.com
 
FREQUENTLY ASKED QUESTIONS?

A. The battery packaging market valued for $24.5 billion in 2021 and is estimated to reach $61.5 billion by 2031, exhibiting a CAGR of 9.7% from 2022 to 2031.

A. Latest trend such as several key manufacturers are actively engaged in offering sustainable battery production. For instance, Drax company offers battery recyclability. In addition, the company’s recycling procedure offers safe extraction of raw materials for use in other industries and products, the majority of discarded batteries are left to rot in landfill sites. This key market trend is projected to offer most remunerative opportunities for the battery packaging market.

A. Battery packaging is the process of safeguarding batteries such as lithium-ion, lead acid, flow battery, and others for protection purposes. In addition, cell packaging designs and their combinations in modules and battery packs are offered in a vast variety, for primary and secondary batteries. Packaging of batteries reduces any leakage of chemical substances and protects from unexpected wear and tear. Battery packaging has a wide range of applications in automotive, industrial, electronics, battery packaging battery, and others.

A. The battery packaging market is segmented into material type, battery type, casing type, and region. On the basis of material type, the market is divided into all metals, plastics, and others. On the basis of battery type, the market is categorized into lithium ion, lead acid, nickel cadmium, and others. On the basis of casing type, it is classified into cylindrical, prismatic, coin, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA

A. Deutsche Post AG, EPEC LLC, NEFAB Group, Wellplast AB, schott, Sohner Kunststofftechnik GmbH, DS Smith Plc, heitkamp & thumann group, targray, and zarges gmbh.

A. Renewable energy sector is the leading application segment of battery packaging market.

A. Asia-Pacific is the largest regional market for battery packaging.

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
RELATED TAGS

Purchase Full Report of
Battery Packaging Market

Start reading instantly.
This Report and over 19,945+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,570
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
    (Jan 2024 - Jan 2025)
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jan 2024 - Jan 2025)
  • Single User
  • $5,730
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jan 2024 - Jan 2025)
  • Five Users
  • $6,450
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jan 2024 - Jan 2025)
  • Enterprise
    License/PDF

  • $9,600
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jan 2024 - Jan 2025)
  • Library
    Membership

  • $900 $ 1,175
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

RELATED REPORTS
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers