Global Battery Packaging Material Market, By Battery Type (Lithium Ion, Lead Acid, Nickel Cadmium, Nickel Metal Hydride), Material Type (Cardboard, Wood, Foam, Plastics), Packaging Type (Corrugated, Wooden Boxes, Plastic Cases), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Battery Packaging Material Market
Battery packaging material market size is valued at USD 57.95 million by 2028 and is expected to grow at a compound annual growth rate of 12.00% for the forecast period of 2021 to 2028. Data Bridge Market Research report on battery packaging material market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
The battery packaging material market is rising in demand owing to rapidly growing battery usage in the propelling electronics market. Also, the increasing demand for lithium ion batteries in electric vehicles is also highly impacting the growth of the battery packaging material in the forecast period of 2021 to 2028. The growing awareness of users towards zero emission vehicles along with the increasing demand for batteries from the sustainable energy sector are also anticipated to flourish the growth of the battery packaging material market owing to the above mentioned reasons and is also is projected to grow substantially during the forecast period. Furthermore, the various favorable government policies, which has, in turn, created a huge demand for protective packaging which is also expected to push the growth of battery packaging material market in the above mentioned forecast period.
The major factor which actively drives the demand of battery packaging material market is the high growth of consumer electronics sector development and rapid industrialization. Likewise, the rapid increase in battery recycling activities, increasing oil prices and rising product manufacturing operations in emerging economies will further offer various growth opportunities for the growth of battery packaging material market over the forecast period of 2021 to 2028.
However, the high cost and low efficiency of sustainable technologies as well as rising uncertainties and considerable policy focus toward environment will impede the growth of the battery packaging material market in the above mentioned forecast period, whereas the high cost associated with the raw materials have the potential to challenge the growth of the market.
This battery packaging material market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on battery packaging material market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Battery Packaging Material Market Scope and Market Size
Battery packaging material market is segmented on the basis of battery type, material type and packaging type. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of battery type, the battery packaging material market is segmented into lithium ion, lead acid, nickel cadmium and nickel metal hydride. Lithium ion is one of the fastest growing segments due to its growing demand in electric vehicles and solar energy.
- Based on material type, the battery packaging material market is segmented into cardboard, wood, foam and plastics. Plastic has further been segmented into polyethylene terephthalate, High-density polyethylene (HDPE), Polypropylene, polyvinyl chloride (PVC) and others.
- The packaging type segment of the battery packaging material market is segmented into corrugated, wooden boxes and plastic cases.
Battery Packaging Material Market Country Level Analysis
Battery packaging material market is analyzed and market size, volume information is provided by country, battery type, material type and packaging type as referenced above.
The countries covered in the battery packaging material market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the strong presence of leading battery manufacturers in this region. India, China and Japan are expected to be a major market for the battery packaging, due to the increasing adoption of electric cars in these countries.
The country section of the battery packaging material market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Battery Packaging Material Market Share Analysis
Battery packaging material market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to battery packaging material market.
The major players covered in the battery packaging material market report are Targray, Amcor plc, Owens-Illinois Inc., NEFAB GROUP, International Paper, CL Smith, Mondi, Stora Enso, Wellplast AB, Heitkamp & Thumann Group, DS Smith, DHL International GmbH, Epec, LLC, Smurfit Kappa, WestRock Company, Rogers Corporation, Coveris, United Parcel Service of America, Inc., Umicore and ZARGES GmbH among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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