Battery Packaging
Battery Packaging Market Forecasts to 2030 - Global Analysis By Battery Type (Nickel Cadmium, Lead Acid, Lithium Ion, Mercury, Nickel Metal Hydride, Silver Oxide, Alkaline and Other Battery Types), Material Type, Casing Type, Packaging Type, Level of Packaging and By Geography
According to Stratistics MRC, the Global Battery Packaging Market is accounted for $30.57 billion in 2023 and is expected to reach $66.32 billion by 2030 growing at a CAGR of 11.7% during the forecast period. Battery packaging is the technique of securing batteries for safety, including lithium-ion, lead-acid, flow batteries, and others. For both primary and secondary batteries, a wide range of cell packaging options and their combinations in modules and battery packs are also available. Batteries are packaged to prevent unexpected wear and tear and to minimize chemical leakage. Battery packaging is used in a wide variety of industries, including automotive, industrial, electronics, and battery packaging.
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.
Market Dynamics:
Driver:
Rise in automobile sector
As several different batteries, including lithium-ion batteries, lead-acid batteries, and silver oxide batteries, find considerable application in numerous cars, battery packaging is frequently connected with the automotive industry. With rising sales and production, the automobile industry is flourishing internationally, which will fuel market expansion over the forecast period. For instance, the European Automobile Manufacturers Association's July 2021 statistics show that in June 2021, registrations of passenger cars ascended, with Germany experiencing the highest demand with a 24.5% increase, followed by Spain (+17.1%) and Italy (+12.6%).
Restraint:
Fluctuation in prices of raw material
Raw materials like polypropylene, polyethylene, polyvinyl chloride, and polyethylene terephthalate are available on the market. These materials are made from petroleum, and as a result, their prices are volatile, which could impede the market's expansion throughout the projection period. Due to lockdown and supply chain restrictions during the pandemic, oil prices plunged historically. However, these changes in oil prices cause changes in the price of petroleum, which changes the price of raw materials. The growth of the battery packaging market during the forecast period may be impacted by such raw material price fluctuations.
Opportunity:
Rise in demand for consumer electronics
Due to the widespread use of various batteries in consumer electronics products, battery packaging is widely used in this industry. Global consumer electronics consumption is rising, which will fuel the market's expansion. For instance, according to data from September 2021 provided by China.org.cn, consumer electronics were among the top categories in online retail sales in Zhejiang, China. In a similar vein, according to data from September 2021 provided by the UK's Office for National Statistics, the value of consumer electronics imported into the European Union during the first quarter of 2021 increased from 108.4 to 109.2. Additionally, due to the increased use of batteries in many consumer electronics products and the strong demand for consumer electronics around the world, the market for battery packaging is expected to rise substantially over the projected period.
Threat:
Regulatory compliance
The battery packaging sector is governed by a number of laws and standards, such as those governing transportation and safety. Research, testing, and compliance procedures must be implemented in order to comply with these regulations. For manufacturers, it can be difficult and time-consuming to stay on top of changing rules and ensure compliance across multiple locations. In spite of this, market growth is anticipated to be hampered throughout the forecast period.
Covid-19 Impact:
The COVID-19 problem had a moderate impact on the market for battery packaging. Some of the major issues that have emerged in the market as a result of the pandemic include disruptions in the supply chain, inactive factories, and the purchase of raw materials. Quick-reaction approaches were adopted by global market participants to maintain their operations. According to Rogers Corporation's COVID-19 response report from April 2020, the company's China campus resumed operations during the pandemic. Due to the automotive industry's decreased demand for batteries as a result of a decline in automobile manufacturing, the market slowed down.
The lithium ion segment is expected to be the largest during the forecast period
Lithium Ion segment dominated the largest share throughout the projection period because high energy density applications like electric and hybrid cars are ideally suited for this kind of battery. In addition, lithium-ion batteries surpass conventional battery technology in terms of rapid charging, portability, and durability. Furthermore, the demand for lithium-ion batteries is rising among automakers and battery producers as a result of their excellent qualities.
The corrugated packaging segment is expected to have the highest CAGR during the forecast period
Corrugated Packaging segment is estimated to witness profitable growth over the forecasted period. Options for printing, branding, and personalization are available with corrugated packaging. Moreover, businesses can add their logos, product details, handling directions, or safety precautions to the packaging to increase brand recognition and convey key signals to consumers. Therefore, during the course of the forecast period, the growth of the market is anticipated to be driven by these features of corrugated battery packaging.
Region with largest share:
Due to the expanding automobile sector, the Asia Pacific region dominated the largest share throughout the extrapolated period. China continues to be the world's largest market for automobiles in terms of both annual sales and manufacturing production. The number of cars produced domestically is expected to reach 35 million by 2025. Furthermore, approximately 26 million vehicles, including 21.48 million passenger automobiles, were sold in 2021, an increase of 7.1% from the year before, according to data from the Ministry of Industry and Information Technology.
Region with highest CAGR:
The North American region is projected to hold the highest CAGR over the anticipated period. In order to enhance grid stability, high demand control, and the integration of renewable energy, North America has been actively implementing energy storage devices. Moreover, for large-scale energy storage projects, such as utility dimension installations, commercial buildings and residential applications, battery packaging solutions are essential.
Key players in the market
Some of the key players in Battery Packaging market include Amara Raja Batteries, C.L. Smith, DGM USA, DHL, DS Smith, Fedex, GWP Group, Heitkamp and Thumann KG, Manika Moulds, Nefab, Rogers Corporation, Smurfit Kappa, Soehner Kunststofftechnik GmbH, Targray Industries, United Parcel Service and Wellplast AB.
Key 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 November 2020, US-based United Parcel Service which deals with battery packaging and shipping service, opened its new package sorting and delivery hub in Canada. This development will contribute to the expansion of the battery packaging market in the forecast period.
Battery Types Covered:
• Nickel Cadmium
• Lead Acid
• Lithium Ion
• Mercury
• Nickel Metal Hydride
• Silver Oxide
• Alkaline
• Other Battery Types
Material Types Covered:
• Plastics
• Metal
• Cardboard
• Other Material Types
Casing Types Covered:
• Coin
• Prismatic
• Cylindrical
• Pouch
• Other Casing Types
Packaging Types Covered:
• Blister Packaging
• Corrugated Packaging
• Other Packaging Types
Level of Packagings Covered:
• Transportation Packaging
• Cell & Pack Packaging
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Emerging Markets
3.7 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Battery Packaging Market, By Battery Type
5.1 Introduction
5.2 Nickel Cadmium
5.3 Lead Acid
5.4 Lithium Ion
5.5 Mercury
5.6 Nickel Metal Hydride
5.7 Silver Oxide
5.8 Alkaline
5.9 Other Battery Types
6 Global Battery Packaging Market, By Material Type
6.1 Introduction
6.2 Plastics
6.2.1 Polybutylene Terephthalate
6.2.2 Polyamide
6.2.3 ABS
6.2.4 Polypropylene
6.2.5 Polyethylene
6.2.6 Polyvinyl Chloride
6.2.7 Polystyrene
6.3 Metal
6.3.1 Steel
6.3.2 Aluminum
6.3.3 Copper
6.4 Cardboard
6.5 Other Material Types
7 Global Battery Packaging Market, By Casing Type
7.1 Introduction
7.2 Coin
7.3 Prismatic
7.4 Cylindrical
7.5 Pouch
7.6 Other Casing Types
8 Global Battery Packaging Market, By Packaging Type
8.1 Introduction
8.2 Blister Packaging
8.3 Corrugated Packaging
8.4 Other Packaging Types
9 Global Battery Packaging Market, By Level of Packaging
9.1 Introduction
9.2 Transportation Packaging
9.3 Cell & Pack Packaging
10 Global Battery Packaging Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Amara Raja Batteries
12.2 C.L. Smith
12.3 DGM USA
12.4 DHL
12.5 DS Smith
12.6 Fedex
12.7 GWP Group
12.8 Heitkamp and Thumann KG
12.9 Manika Moulds
12.10 Nefab
12.11 Rogers Corporation
12.12 Smurfit Kappa
12.13 Soehner Kunststofftechnik GmbH
12.14 Targray Industries
12.15 United Parcel Service
12.16 Wellplast AB
List of Tables
1 Global Battery Packaging Market Outlook, By Region (2021-2030) ($MN)
2 Global Battery Packaging Market Outlook, By Battery Type (2021-2030) ($MN)
3 Global Battery Packaging Market Outlook, By Nickel Cadmium (2021-2030) ($MN)
4 Global Battery Packaging Market Outlook, By Lead Acid (2021-2030) ($MN)
5 Global Battery Packaging Market Outlook, By Lithium Ion (2021-2030) ($MN)
6 Global Battery Packaging Market Outlook, By Mercury (2021-2030) ($MN)
7 Global Battery Packaging Market Outlook, By Nickel Metal Hydride (2021-2030) ($MN)
8 Global Battery Packaging Market Outlook, By Silver Oxide (2021-2030) ($MN)
9 Global Battery Packaging Market Outlook, By Alkaline (2021-2030) ($MN)
10 Global Battery Packaging Market Outlook, By Other Battery Types (2021-2030) ($MN)
11 Global Battery Packaging Market Outlook, By Material Type (2021-2030) ($MN)
12 Global Battery Packaging Market Outlook, By Plastics (2021-2030) ($MN)
13 Global Battery Packaging Market Outlook, By Polybutylene Terephthalate (2021-2030) ($MN)
14 Global Battery Packaging Market Outlook, By Polyamide (2021-2030) ($MN)
15 Global Battery Packaging Market Outlook, By ABS (2021-2030) ($MN)
16 Global Battery Packaging Market Outlook, By Polypropylene (2021-2030) ($MN)
17 Global Battery Packaging Market Outlook, By Polyethylene (2021-2030) ($MN)
18 Global Battery Packaging Market Outlook, By Polyvinyl Chloride (2021-2030) ($MN)
19 Global Battery Packaging Market Outlook, By Polystyrene (2021-2030) ($MN)
20 Global Battery Packaging Market Outlook, By Metal (2021-2030) ($MN)
21 Global Battery Packaging Market Outlook, By Steel (2021-2030) ($MN)
22 Global Battery Packaging Market Outlook, By Aluminum (2021-2030) ($MN)
23 Global Battery Packaging Market Outlook, By Copper (2021-2030) ($MN)
24 Global Battery Packaging Market Outlook, By Cardboard (2021-2030) ($MN)
25 Global Battery Packaging Market Outlook, By Other Material Types (2021-2030) ($MN)
26 Global Battery Packaging Market Outlook, By Casing Type (2021-2030) ($MN)
27 Global Battery Packaging Market Outlook, By Coin (2021-2030) ($MN)
28 Global Battery Packaging Market Outlook, By Prismatic (2021-2030) ($MN)
29 Global Battery Packaging Market Outlook, By Cylindrical (2021-2030) ($MN)
30 Global Battery Packaging Market Outlook, By Pouch (2021-2030) ($MN)
31 Global Battery Packaging Market Outlook, By Other Casing Types (2021-2030) ($MN)
32 Global Battery Packaging Market Outlook, By Packaging Type (2021-2030) ($MN)
33 Global Battery Packaging Market Outlook, By Blister Packaging (2021-2030) ($MN)
34 Global Battery Packaging Market Outlook, By Corrugated Packaging (2021-2030) ($MN)
35 Global Battery Packaging Market Outlook, By Other Packaging Types (2021-2030) ($MN)
36 Global Battery Packaging Market Outlook, By Level of Packaging (2021-2030) ($MN)
37 Global Battery Packaging Market Outlook, By Transportation Packaging (2021-2030) ($MN)
38 Global Battery Packaging Market Outlook, By Cell & Pack Packaging (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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