The Global Battery Packaging Material Market size was valued at USD 9.1 billion in 2019 and is anticipated to grow at a CAGR of 3.8% during the forecast period. Battery requires packaging to safe the chemical inside the battery and safe the delivery of battery. The government mandates the battery manufacturers to provide rigid packaging for the batteries as battery contains dangerous and hazardous material. There are various types of material used for battery packaging which includes metals, plastics, cardboard, others.     

Stringent government regulations towards the use of battery packaging material, growing electronics industry, growing production and sales of electric vehicles, increase in number of battery manufacturers in China and South Korea are factors that will propel the global battery packaging material market during the forecast period. Furthermore, lack of knowledge and skilled professionals, adverse effects on environment are some of the major factors which hamper the growth of battery packaging material market.

Increase in demand for batteries in sustainable energy sector, growing electric vehicle sales, and increase in government spending for green and sustainable energy, growing demand from emerging economies. These factors are expected to increase the opportunities for the manufacturers in battery packaging material market during the forecast period.

Key Factors Impacting the Growth of Battery Packaging Material Market:

• Growing demand for sustainable energy sector
• Increasing in sales of electric vehicles
• Increase in need for safe delivery of battery
• Increasing application of battery in energy

The battery packaging material market segmentation is based on battery type, materials, packaging, and region.

Battery Type Outlook:

The lithium ion segment is predicted to account for the largest share in battery packaging material market. This can be due to increase in demand of these batteries in electric vehicles and solar energy, increase in sales of lithium ion due to self discharge power, high energy density, and rate to power.

Material Outlook:

Based on material, the battery packaging material market has been segmented into metals, plastics, cardboard, and others. As per the current market scenario, the cardboard segment has covered the largest battery packaging material market share and is projected to register a higher CAGR during the forecast period. The cardboard has high sturdiness, low cost, easy to handle, greater structural strength, high moisture soaking capacity, and provide great protection from damage. These factors are expected to increase the demand for cardboard segment in market during the forecast period.

Regional Outlook:

Based on the region, the global battery packaging material market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. Asia Pacific is estimated to register largest share in the market due to, growing electronics industry, increase in sales of electric two wheeler and electric four wheelers, increase in innovation and development in sustainable energy sector, and increase in manufacturing base of batteries in the region. Furthermore, Europe is estimated to project the fastest growth rate in the global battery packaging material market during the forecast period. This growth can be accredited to several factors, such as the increase in research and development in battery packaging material, increase in demand for safe and sustainable packaging of battery, increase in sales of electric vehicles, and rising expenditure also contribute to market growth in the Europe.

The report analyzes factors affecting the battery packaging material market from both demand and supply side and further analyses market dynamics affecting the market during the forecast year such as driver, restrain, opportunities and future trends. The report also provides comprehensive Porter’s model analysis on the battery packaging material market for all six regions namely; North America, Western Europe, Eastern Europe, Asia Pacific, Middle East and the Rest of the world.

Competitive Landscape

Major companies are investing in research and development. Key market players are also adopting inorganic development strategies like as acquisition of local brands. Similarly, other business models such as joint venture and market entry strategies are helping prominent vendors to make their presence felt in the battery packaging material market and increase their product portfolio. The key leading players in the market include United Parcel Service (UPS), Ball Corporation, Crown Holding, Reynolds Group, DS Smith, Fedex, Amcor, Owens-Illinois, International Paper Company, and Nefab.

This report also includes the profiles of key battery packaging material market companies along with their SWOT analysis and market strategies. In addition, these competitive landscapes provide a detailed description of each company including future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launch, new product developments, and other latest industrial developments.

Key Developments in Battery packaging material Market:

• In June 2018, United Parcel Service (UPS) inaugurated a new logistics centre in Texas, US. The company invested around USD 200 million and approximately 1400 workers. This new facility helps the customer to improve the efficiency of the shipping and enhance the battery packaging material.
• In January 2017, H&T Nevada signed partnership agreement with Tesla. The partnership focuses on providing battery packages and enhances the market of cell packaging in the US.

What Does This Report Provide?

This report provides a detailed understanding of the global battery packaging material market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.

Market Segmentation:

By Battery Type

• Lead Acid
• Nickel Metal Hydride
• Lithium Ion
• Nickel Cadmium

By Material

• Metals
• Plastics
• Cardboard
• Others

By Packaging

• Plastic Cases
• Wooden Boxes
• Corrugated

By Region:

• North America Battery Packaging Material Market
  • By Country (US, Canada, Mexico)
  • By Battery Type
  • By Material
  • By Packaging
• Europe Battery Packaging Material Market
  • By Country (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)
  • By Battery Type
  • By Materials
  • By Packaging
• Asia Pacific Battery Packaging Material Market
  • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
  • By Battery Type
  • By Materials
  • By Packaging
• Middle East & Africa Battery Packaging Material Market
  • By Country (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa)
  • By Battery Type
  • By Materials
  • By Packaging
• South America Battery Packaging Material Market
  • By Country (Brazil, Argentina, Colombia, Rest of South America)
  • By Battery Type
  • By Materials
  • By Packaging

Reasons to Buy This Report:

• Market size estimation of the battery packaging material market on a regional and global basis
• Unique research Usage for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

• By Segment
• By Sub-segment
• By Region/Country

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