The global battery packaging market is forecast to reach USD 53.04 Billion by 2030, according to a new report by Reports and Data. The packaging industry has spread its feet in practically all areas, regardless of whether it is food, pharmaceutical, customer products, and so forth. Cells, or more commonly known as batteries, are an integral part of our daily lives. The expanding entrance of batteries in practically all the prominent industries has led to a rising demand for safe battery packaging solutions. Battery packaging makers are now focusing on customizable packaging solutions for batteries, depending on size requirements.

The market for battery packaging is influenced by the rising demand for battery packs from electric vehicle manufacturers and energy storage industries. Increasing awareness of users towards zero-emission vehicles and favorable government policies are significantly helping the market to grow. However, higher cost and low efficiency of sustainable technology are slowing down the market growth.

The green revolution in the Asia Pacific region and incentives offered by the government towards the electric vehicle manufacturers as well as the customers are set to drive the market in this region. Most of the developing countries are looking at China as the global market. China’s population is equivalent to 18.59% of the total world population, and the market is expected to record the highest growth during the forecast period, due to the presence of leading battery manufacturers in the region.

Get a sample copy of the battery packaging market report, visit : https://www.reportsanddata.com/download-free-sample/1820

Further key findings from the report suggest

• Lithium-Ion held the largest market share of 57.9% in the year 2018. Due to higher efficiency and higher energy density in a compact size, lithium-ion batteries are favorable choices for various end-users such as automotive, energy storage, and consumer electronics industries.
• In terms of the level of packaging, the cell pack packaging is expected to account for the majority of the global battery packaging industry during the forecast period. Increased adoption of EVs has resulted in growth in the production of batteries. The cell and pack packaging are forecasted to grow with a higher CAGR of 12.6% throughout the forecast period.
• Corrugated packaging held the largest market share of 36.5% in the year 2018. As these are cheaper in comparison to blister packs and more number of batteries can be fitted and transported easily, the developing countries such as India and China have a high demand for this type of packaging.
• Leading battery manufacturers have shown interest in investing in new regions. For instance, Samsung SDI completed the construction of its new lithium-ion battery plant in Hungary. This will increase the demand for cell pack packaging. Similar investments are being undertaken by other battery manufacturers such as Tesla, SK Innovation, and LG.
• Asia Pacific is forecasted to grow with a CAGR of 12.5% during the forecast period. Countries like China, Taiwan, and South Korea have a high production of cobalt, which is used as the cathode of a lithium-ion battery. This factor is helping the countries to manufacture and export a large amount of these batteries hence driving the market to grow in the region.
• Key participants Nefab Group, United Parcel Service Inc., DHL, Zarges Group, Heitkamp Thumann Group, FedEx, Rogers Corporation, DS Smith, Smurfit Kappa, and Umicore, among others.

To know more about the latest insights of the report, visit:https://www.reportsanddata.com/request-latest-insight/1820

For the purpose of this report, Reports and Data have segmented into the global battery packaging market on the basis of type of battery, material, type of packaging, level of packaging, and region:

Type Of Battery Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2030)

• Lithium-Ion
• Lead-Acid

Material Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2030)

• Metals
• Plastics
• Cardboards
• Others

Type Of Packaging Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2030)

• Corrugated
• Blister
• Others

Level Of Packaging Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2030)

• Cell Pack Packaging
• Transportation Packaging

Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2030)

• North America
• U.S.
• Europe
• UK
• France
• Asia Pacific
• China
• India
• Japan
• MEA
• Latin America
• Brazil

Request a customized copy of the report @: https://www.reportsanddata.com/request-customization-form/1820

Thank you for reading our report. To inquire about customization or any query about the report, please get in touch with us. Our team will make sure the report is best suited to your needs.  

About Reports and Data 

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact:

John W, Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
LinkedIn | Twitter | Blogs