Global Battery Packaging Market (2021-2026) by Casting Type, Packaging Type, Level of Packaging, Type of Battery, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

The Global Battery Packaging Market is estimated to be USD 16.98 Bn in 2021 and is expected to reach USD 23.37 Bn by 2026, growing at a CAGR of 6.6%.

Market Dynamics

The penetration of batteries in various industries has increased the battery packaging market globally. The trend towards electric vehicles and battery energy sources is boosting the market growth. Furthermore, the continuous launch of new products in the consumer goods industry is escalating the market growth. Other driving factors for the market growth are increasing industrialization coupled with the rising demand for wireless devices.

However, the high cost of raw materials and risk of battery chemical leakage is anticipated to hinder the market growth. Additionally, the development of devices with inbuild batteries is hampering the market.

Market Segmentation

The Global Battery Packaging Market is segmented further based on Casting Type, Packaging Type, Level of Packaging, Type of Battery, and Geography.

By Casting Type, the market is classified into Cylindrical, Prismatic, and Pouch. Amongst all, the Cylindrical segment is estimated to hold the highest market share during the forecast period.

By Packaging Type, the market is classified as Corrugated, Blister, and Others. Amongst the two, the Corrugated segment is estimated to hold the highest market share during the forecast period.

By Materials, the market is classified as Metals, Plastics, Cardboard, and Others. Amongst all, the Metals segment is estimated to hold the highest market share during the forecast period.

By Type Of Battery, the market is classified as Cell & Pack Packaging and Transportation Packaging. Amongst the two, the Cell & Pack Packaging segment is estimated to hold the highest market share during the forecast period.

By Type of Battery, the market is classified as Lithium-Ion, Lead-Acid, and Others. Amongst all, the Lead-Acid segment is estimated to hold the highest market share during the forecast period.

By Geography, North America is projected to lead the market.

Recent Developments

1. CATL, a Telsa battery supplier has developed a simpler and less expensive way of packaging battery cells, called cell-to-pack, that eliminates the middle step of bundling cells. Tesla is expected to use the technology to help reduce battery weight and cost. - 14th May 2020
2. UPS does Capacity Expansions to add more than 5 million square feet of new highly automated package processing capacity globally. - 29th January 2020

Company Profiles

Some of the companies covered in this report are Amcor Rigid Plastics USA, Inc., Ball Corporation, Graphic Packaging International, Inc., Mondi plc., and Coveris Holdings S.A., etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Battery Packaging Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst’s Proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market