The global Battery Packaging Market is forecast to reach USD 53.04 Billion by 2026, according to a new report by Reports and Data. The packaging industry has spread its feet in practically all areas, regardless of whether it is food, pharmaceutical, customer products, and so forth. Cells, or more commonly known as batteries, are an integral part of our daily lives. The expanding entrance of batteries in practically all the prominent industries has led to a rising demand for safe battery packaging solutions. Battery packaging makers are now focusing on customizable packaging solutions for batteries, depending on size requirements.
In this report, the global packaging industry is segmented on the basis of product type, application, technology, and region. The authors have also implemented many primary and secondary research methodologies to derive vital data information about the key regional markets of the global packaging industry including North America, Europe, Asia Pacific, Latin America, and the Middle East Africa. The report offers key insights into the factors positively influencing the revenue growth of each regional market and provides information about the most lucrative investment opportunities for all stakeholders, investors, and clients in these markets. Furthermore, the report elucidates the intensely competitive scenario of the Battery Packaging industry and highlights the key strategic developments taking place in the industry, such as mergers acquisitions, joint ventures, corporate deals, and partnerships collaborations.
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Key Players:
Key participants Nefab Group, United Parcel Service Inc., DHL, Zarges Group, Heitkamp Thumann Group, FedEx, Rogers Corporation, DS Smith, Smurfit Kappa, and Umicore, among others.
Further key findings from the report suggest:
- Lithium-Ion held the largest market share of 57.9% in the year 2018. Due to higher efficiency and higher energy density in a compact size, lithium-ion batteries are favorable choices for various end-users such as automotive, energy storage, and consumer electronics industries.
- In terms of the level of packaging, the cell pack packaging is expected to account for the majority of the global battery packaging industry during the forecast period. Increased adoption of EVs has resulted in growth in the production of batteries. The cell and pack packaging are forecasted to grow with a higher CAGR of 12.6% throughout the forecast period.
- Corrugated packaging held the largest market share of 36.5% in the year 2018. As these are cheaper in comparison to blister packs and more number of batteries can be fitted and transported easily, the developing countries such as India and China have a high demand for this type of packaging.
- Leading battery manufacturers have shown interest in investing in new regions. For instance, Samsung SDI completed the construction of its new lithium-ion battery plant in Hungary. This will increase the demand for cell pack packaging. Similar investments are being undertaken by other battery manufacturers such as Tesla, SK Innovation, and LG.
- Asia Pacific is forecasted to grow with a CAGR of 12.5% during the forecast period. Countries like China, Taiwan, and South Korea have a high production of cobalt, which is used as the cathode of a lithium-ion battery. This factor is helping the countries to manufacture and export a large amount of these batteries hence driving the market to grow in the region.
Market Segmentation:
For the purpose of this report, Reports and Data have segmented into the global battery packaging market on the basis of type of battery, material, type of packaging, level of packaging, and region:
Type Of Battery Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
- Lithium-Ion
- Lead-Acid
Material Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
- Metals
- Plastics
- Cardboards
- Others
Type Of Packaging Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
- Corrugated
- Blister
- Others
Level Of Packaging Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
- Cell Pack Packaging
- Transportation Packaging
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Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
- North America
- U.S.
- Europe
- UK
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
Identifying the basic business drivers, challenges, and tactics adopted:
- The report provides intrinsic details and fluctuating aspects that influence the commercial dynamics of the Battery Packaging market along with integral factors of the rise in the demand for the product have been mapped across vital geographical regions.
- An overview of the multifarious applications, business areas and the latest trends observed in the industry has been laid out by this study.
- Various challenges overlooking the business and the numerous strategies employed by the industry players for successful marketing of the product have also been illustrated.
- The research inspects the sales channels (indirect, direct, marketing) that companies have chosen for the primary product distributors and the superior clientele of the market.
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