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Global Industry Hub. (Aug, 2024). Battery Packaging Market Share & Forecast, 2024 - 2030 Global Industry Hub. Retrieved
Report ID: GIH 1013 | Aug 2024 | Format:
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Global Industry Hub. (Aug, 2024). Battery Packaging Market Share & Forecast, 2024 - 2030 Global Industry Hub. Retrieved
Battery Packaging Market size was valued at US$ 32.85 Bn in 2023, registering a CAGR of 13.3% during the forecast period (2024-2030), and the market is projected to be worth US$ 66.03 Bn by 2030.
The report includes Vendor Assessment (Company Profiles, Market Positioning, Strategies, Recent Market Updates, Capabilities & Product Offerings / Mapping), Technology Assessment (Developments & Economic Impact), Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprint by Global Industry Hub.
Battery Packaging Market Scope:
Report Coverage | Details |
---|---|
Base Year | 2023 |
Base Year Value | US$ 32.85 Bn |
Forecast Value | US$ 66.03 Bn |
CAGR | CAGR of 13.3% |
Forecast Period | 2024-2030 |
Historical Data | 2019-2022 |
Largest Market | North America |
Fastest Growing Market | Europe |
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The Battery Packaging market is divided based on product, end user, application, and region. Each category has various sub-segments, and current trends in each segment help producers target specific customers effectively.
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Material Outlook
Cardboard
Plastics
Polypropylene (PP)
Acrylonitrile Butadiene Styrene (ABS)
Polyamide (PA)
Polyethylene Terephthalate (PET)
Others
Metal
Aluminum
Steel
Others
Packaging Type Outlook
Corrugated Packaging
Blister Packaging
Casing Type Outlook
Cylindrical
Prismatic
Pouch
Others
Level of Packaging Outlook
Cell & Pack Packaging
Transportation Packaging
Battery Type Outlook
Lead Acid Battery
Lithium Ion Battery
Nickel Metal Hydride Battery
Nickel Cadmium Battery
Lithium Titanate Oxide (LTO) Battery
Others
Key players in the industry are adopting growth strategies like partnerships, collaborations, mergers and acquisitions, and awareness programs to strengthen their market presence. The report also lists industry players for end users, facilitating communication between manufacturers and consumers.
In November 2023, Dai Nippon Printing (DNP), acquired land in Linwood, Davidson County, North Carolina, U.S., to construct a factory for producing battery pouches that encase and protect lithium-ion batteries, in response to the growing demand for electric vehicles (EVs) in the U.S. This move aligns with the global trend towards combating climate change and the increasing adoption of EVs in countries such as Japan, European nations, U.S., and China. DNP aims to start operating a battery pouch slitting line for automotive lithium-ion batteries in the U.S. by 2026, with an investment of approximately USD 92.0 million.
In June 2023, NEFAB GROUP acquired PolyFlex Pro, a major American industry player with expertise in eco-friendly returnable solutions. This strategic move is aimed at reinforcing Nefab's global market standing and its dedication to conserving resources within supply chains.
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31 Aug 2024 This Report Contains the Latest Market Numbers, Statistics & Data Aavailable