Battery Packaging Market
PUBLISHED: 2024 ID: SMRC27264
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Battery Packaging Market

Battery Packaging Market Forecasts to 2030 - Global Analysis By Material Type (Metal, Cardboard, Plastics and Other Material Types), Packaging Type (Corrugated, Blister and Other Packaging Types), Packaging Level, Battery Type, Casing Type, Application and by Geography

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4.7 (20 reviews)
Published: 2024 ID: SMRC27264

This report covers the impact of COVID-19 on this global market
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Years Covered

2022-2030

Estimated Year Value (2024)

US $34.14 BN

Projected Year Value (2030)

US $66.32 BN

CAGR (2024 - 2030)

11.7%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

North America


According to Stratistics MRC, the Global Battery Packaging Market is accounted for $34.14 billion in 2024 and is expected to reach $66.32 billion by 2030 growing at a CAGR of 11.7% during the forecast period. Battery packaging is a vital component of the battery supply chain, particularly for lithium-ion batteries used in electric vehicles, consumer electronics, and renewable energy storage. Batteries, classified as dangerous goods due to their chemical makeup, need to ensure both safety and regulatory compliance. UN-certified packaging options are crucial, taking into account the battery's weight, mode of transportation, and condition. Moreover, businesses that provide customized packaging that reduces transportation risks and stops leaks include Wellplast and Corplex. 

According to the International Energy Agency (IEA), global electric car sales reached nearly 14 million in 2023. Electric car sales are projected to reach around 17 million by the end of 2024.

Market Dynamics: 

Driver: 

Increase in consumer electronics

The market for battery packaging is also significantly influenced by the widespread use of portable electronics like tablets, laptops, and smartphones. The need for compact batteries with effective packaging is growing as the market for these devices keeps growing. Additionally, a substantial majority of households use internet-connected devices, according to the Australian Bureau of Statistics, underscoring the expanding consumer electronics market. With more and more battery types requiring creative and effective packaging solutions, this trend offers manufacturers of battery packaging significant opportunities.

Restraint:

Elevated cost of raw materials

One major obstacle is the growing price of the raw materials, which include metals, plastics, and specialty composites, that are used in battery packaging. Price fluctuations for these materials have the potential to impact manufacturers overall production costs. Furthermore, the pressure to keep costs low may result in compromises in packaging quality or safety features as businesses work to maintain profitability while upholding quality standards, which could have a negative effect on the market.

Opportunity:

Developments in battery technologies

The chemistry and technological advancements of batteries bring opportunities and challenges for battery packaging. Solid-state batteries, lithium-sulfur batteries, and sodium-ion batteries are examples of emerging battery types that need special packaging to suit their particular needs. It is necessary for manufacturers to modify their packaging strategies in order to guarantee secure handling, transportation, and incorporation of these cutting-edge batteries into diverse applications. Moreover, packaging companies will have opportunities to develop cutting-edge solutions as battery technology continues to evolve and the need for creative and efficient packaging grows.

Threat:

Supply chain interruptions

The battery packaging sector is largely dependent on an intricate international supply chain for its components and raw materials. Production schedules and costs can be greatly impacted by supply chain disruptions, such as shortages of vital materials like nickel, cobalt, and lithium. These disruptions, which cause delays and higher costs for manufacturers, can be brought on by trade restrictions, natural disasters, or geopolitical tensions. Additionally, the continuous difficulties in obtaining a steady supply of necessary materials pose a threat to businesses' capacity to meet consumer demand, which could stifle opportunities for the industry to grow.

Covid-19 Impact: 

The COVID-19 pandemic had a major effect on the battery packaging market by stopping production, upsetting supply chains, and lowering demand in a number of industries. The production of batteries for electric vehicles and consumer electronics faced delays as a result of global business closures and transportation restrictions, which decreased demand for battery packaging solutions. Stay-at-home directives and quarantine restrictions led to closed mines and idled factories, which made supply chain problems worse. Furthermore, massive layoffs and economic uncertainty reduced consumer spending, which had an impact on electric cars and high-end smartphones in particular.

The Cardboard segment is expected to be the largest during the forecast period

Due to its economical and sustainable qualities, the cardboard segment of the battery packaging market is anticipated to hold the largest market share. Cardboard packaging is a popular choice for manufacturers looking for environmentally friendly solutions because of its lightweight nature, which lowers shipping costs and has a positive environmental impact. Moreover, cardboard is biodegradable and readily recyclable, which is consistent with the industry's growing focus on sustainability. Because of its adaptability, it can be used in a variety of designs and configurations that work with different kinds of batteries, such as lead-acid and lithium-ion batteries.

The Corrugated segment is expected to have the highest CAGR during the forecast period

In the battery packaging market, the corrugated packaging segment is anticipated to grow at the highest CAGR. The primary reason for this growth is corrugated cardboard's exceptional protective and cushioning properties, which significantly reduce impact resistance during handling and transportation. Batteries are shielded from impact during transit by the air cushion created by the fluted layer of corrugated packaging. Furthermore, corrugated materials' appeal is increased by the growing need for environmentally friendly and recyclable packaging options.

Region with largest share:

The market for battery packaging is dominated by the Asia-Pacific region. The main causes of this dominance are the existence of significant battery producers like South Korea, Japan, and China, who have made significant investments in battery production and technology. Additionally, the demand for effective battery packaging solutions is greatly fueled by the rapid growth of consumer electronics and electric vehicles (EVs) in this region. Supportive government programs that encourage sustainable transportation and renewable energy also contribute to the market's growth.

Region with highest CAGR:

Due to the rising demand for consumer electronics and electric vehicles (EVs), the North American region is anticipated to have the highest CAGR in the battery packaging market. Major battery producers like LG Chem, Panasonic, and Tesla are driving this growth by increasing their production capacity to meet the growing demands of the electronics and automotive industries. Furthermore, the market's potential is further enhanced by government initiatives that support electric mobility and renewable energy, as they foster an environment that is favorable to battery innovation and packaging solutions.

Key players in the market

Some of the key players in Battery Packaging market include Mondi Group Plc., DS Smith Plc, Nefab Group, Amcor Plc, Covestro AG, Heitkamp & Thumann Group, Zarges Group, Ball Corporation, Umicore SA, Sonoco Products Company, Wellplast AB, Toppan Inc., Söhner Kunststofftechnik GmbH, Amperex Technology Limited, Smurfit Kappa Group Plc. and EaglePicher Technologies.

Key Developments:

In July 2024, German polymer materials manufacturer Covestro has entered a long-term power purchase agreement (PPA) with energy giant BP. Under the ten-year agreement, bp will supply Covestro with a substantial gigawatt hours volume of renewable electricity, along with guarantees of origin to certify the energy’s green credentials.

In April 2024, Sweden-based Nefab Group, through its US division Nefab Packaging, has completed the acquisition of Plastiform and its subsidiary Precision Formed Plastics. The acquisition is intended to bolster the company’s global market position and its commitment to resource-saving supply chains. 

In March 2024, UK-based packaging company Mondi has announced an agreement in principle for a potential all-share offer to acquire its smaller rival DS Smith for £5.14bn ($6.57bn). The agreement follows after Mondi confirmed last month that it was considering a possible all-share offer for its competitor DS Smith.

Material Types Covered:
• Metal
• Cardboard
• Plastics
• Other Material Types 
 
Packaging Types Covered:
• Corrugated
• Blister
• Other Packaging Types 

Packaging Levels Covered:
• Cell & Pack Packaging
• Transportation Packaging 

Battery Types Covered:
• Lead Acid Battery
• Lithium Ion Battery
• Nickel Metal Hydride Battery
• Nickel Cadmium Battery
• Lithium Titanate Oxide (LTO) Battery
• Other Battery Types 
 
Casing Types Covered:
• Pouches
• Cylindrical
• Prismatic
• Other Casing Types 

Applications Covered:
• Automotive
• Consumer Electronics
• Industrial
• Medical Devices
• Military & Defense
• Other Applications

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 2022, 2023, 2024, 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 Application Analysis  
 3.7 Emerging Markets  
 3.8 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 Material Type   
 5.1 Introduction  
 5.2 Metal  
  5.2.1 Aluminum 
  5.2.2 Steel 
 5.3 Cardboard  
 5.4 Plastics  
  5.4.1 Polypropylene (PP) 
  5.4.2 Acrylonitrile Butadiene Styrene (ABS) 
  5.4.3 Polyamide (PA) 
  5.4.4 Polystyrene (PS) 
  5.4.5 Polyethylene Terephthalate (PET) 
 5.5 Other Material Types  
    
6 Global Battery Packaging Market, By Packaging Type   
 6.1 Introduction  
 6.2 Corrugated  
 6.3 Blister  
 6.4 Other Packaging Types  
    
7 Global Battery Packaging Market, By Packaging Level   
 7.1 Introduction  
 7.2 Cell & Pack Packaging  
 7.3 Transportation Packaging  
    
8 Global Battery Packaging Market, By Battery Type   
 8.1 Introduction  
 8.2 Lead Acid Battery  
 8.3 Lithium Ion Battery  
 8.4 Nickel Metal Hydride Battery  
 8.5 Nickel Cadmium Battery  
 8.6 Lithium Titanate Oxide (LTO) Battery  
 8.7 Other Battery Types  
    
9 Global Battery Packaging Market, By Casing Type   
 9.1 Introduction  
 9.2 Pouches  
 9.3 Cylindrical  
 9.4 Prismatic  
 9.5 Other Casing Types  
    
10 Global Battery Packaging Market, By Application   
 10.1 Introduction  
 10.2 Automotive  
 10.3 Consumer Electronics  
 10.4 Industrial  
 10.5 Medical Devices  
 10.6 Military & Defense  
 10.7 Other Applications   
    
11 Global Battery Packaging Market, By Geography   
 11.1 Introduction  
 11.2 North America  
  11.2.1 US 
  11.2.2 Canada 
  11.2.3 Mexico 
 11.3 Europe  
  11.3.1 Germany 
  11.3.2 UK 
  11.3.3 Italy 
  11.3.4 France 
  11.3.5 Spain 
  11.3.6 Rest of Europe 
 11.4 Asia Pacific  
  11.4.1 Japan 
  11.4.2 China 
  11.4.3 India 
  11.4.4 Australia 
  11.4.5 New Zealand 
  11.4.6 South Korea 
  11.4.7 Rest of Asia Pacific 
 11.5 South America  
  11.5.1 Argentina 
  11.5.2 Brazil 
  11.5.3 Chile 
  11.5.4 Rest of South America 
 11.6 Middle East & Africa  
  11.6.1 Saudi Arabia 
  11.6.2 UAE 
  11.6.3 Qatar 
  11.6.4 South Africa 
  11.6.5 Rest of Middle East & Africa 
    
12 Key Developments   
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures  
 12.2 Acquisitions & Mergers  
 12.3 New Product Launch  
 12.4 Expansions  
 12.5 Other Key Strategies  
    
13 Company Profiling   
 13.1 Mondi Group Plc.  
 13.2 DS Smith Plc  
 13.3 Nefab Group   
 13.4 Amcor Plc  
 13.5 Covestro AG  
 13.6 Heitkamp & Thumann Group   
 13.7 Zarges Group   
 13.8 Ball Corporation  
 13.9 Umicore SA  
 13.10 Sonoco Products Company  
 13.11 Wellplast AB  
 13.12 Toppan Inc.  
 13.13 Söhner Kunststofftechnik GmbH  
 13.14 Amperex Technology Limited  
 13.15 Smurfit Kappa Group Plc.  
 13.16 EaglePicher Technologies  
    
List of Tables    
1 Global Battery Packaging Market Outlook, By Region (2022-2030) ($MN)   
2 Global Battery Packaging Market Outlook, By Material Type (2022-2030) ($MN)   
3 Global Battery Packaging Market Outlook, By Metal (2022-2030) ($MN)   
4 Global Battery Packaging Market Outlook, By Aluminum (2022-2030) ($MN)   
5 Global Battery Packaging Market Outlook, By Steel (2022-2030) ($MN)   
6 Global Battery Packaging Market Outlook, By Cardboard (2022-2030) ($MN)   
7 Global Battery Packaging Market Outlook, By Plastics (2022-2030) ($MN)   
8 Global Battery Packaging Market Outlook, By Polypropylene (PP) (2022-2030) ($MN)   
9 Global Battery Packaging Market Outlook, By Acrylonitrile Butadiene Styrene (ABS) (2022-2030) ($MN)   
10 Global Battery Packaging Market Outlook, By Polyamide (PA) (2022-2030) ($MN)   
11 Global Battery Packaging Market Outlook, By Polystyrene (PS) (2022-2030) ($MN)   
12 Global Battery Packaging Market Outlook, By Polyethylene Terephthalate (PET) (2022-2030) ($MN)   
13 Global Battery Packaging Market Outlook, By Other Material Types (2022-2030) ($MN)   
14 Global Battery Packaging Market Outlook, By Packaging Type (2022-2030) ($MN)   
15 Global Battery Packaging Market Outlook, By Corrugated (2022-2030) ($MN)   
16 Global Battery Packaging Market Outlook, By Blister (2022-2030) ($MN)   
17 Global Battery Packaging Market Outlook, By Other Packaging Types (2022-2030) ($MN)   
18 Global Battery Packaging Market Outlook, By Packaging Level (2022-2030) ($MN)   
19 Global Battery Packaging Market Outlook, By Cell & Pack Packaging (2022-2030) ($MN)   
20 Global Battery Packaging Market Outlook, By Transportation Packaging (2022-2030) ($MN)   
21 Global Battery Packaging Market Outlook, By Battery Type (2022-2030) ($MN)   
22 Global Battery Packaging Market Outlook, By Lead Acid Battery (2022-2030) ($MN)   
23 Global Battery Packaging Market Outlook, By Lithium Ion Battery (2022-2030) ($MN)   
24 Global Battery Packaging Market Outlook, By Nickel Metal Hydride Battery (2022-2030) ($MN)   
25 Global Battery Packaging Market Outlook, By Nickel Cadmium Battery (2022-2030) ($MN)   
26 Global Battery Packaging Market Outlook, By Lithium Titanate Oxide (LTO) Battery (2022-2030) ($MN)   
27 Global Battery Packaging Market Outlook, By Other Battery Types (2022-2030) ($MN)   
28 Global Battery Packaging Market Outlook, By Casing Type (2022-2030) ($MN)   
29 Global Battery Packaging Market Outlook, By Pouches (2022-2030) ($MN)   
30 Global Battery Packaging Market Outlook, By Cylindrical (2022-2030) ($MN)   
31 Global Battery Packaging Market Outlook, By Prismatic (2022-2030) ($MN)   
32 Global Battery Packaging Market Outlook, By Other Casing Types (2022-2030) ($MN)   
33 Global Battery Packaging Market Outlook, By Application (2022-2030) ($MN)   
34 Global Battery Packaging Market Outlook, By Automotive (2022-2030) ($MN)   
35 Global Battery Packaging Market Outlook, By Consumer Electronics (2022-2030) ($MN)   
36 Global Battery Packaging Market Outlook, By Industrial (2022-2030) ($MN)   
37 Global Battery Packaging Market Outlook, By Medical Devices (2022-2030) ($MN)   
38 Global Battery Packaging Market Outlook, By Military & Defense (2022-2030) ($MN)   
39 Global Battery Packaging Market Outlook, By Other Applications (2022-2030) ($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


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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