Global Battery Packaging Market by Type of Battery, Level of Packaging and Region - Forecast to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 14, 2018--The “Battery Packaging Market by Type of Battery (Lithium-ion, Lead-acid), Level of Packaging (Cell & Pack Packaging, Transportation Packaging), and Region (APAC, North America, Europe, South America, Middle East and Africa) - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
The battery packaging market is projected to grow from USD 20.6 billion in 2018 to USD 36.2 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 12% during the forecast period.
The growth of the battery packaging market can be attributed to the increased consumption of batteries in the automotive, energy storage, and consumer electronics industries.
Lithium-ion battery packaging is expected to grow at the higher CAGR during the forecast period.
In terms of value, lithium-ion battery packaging segment is estimated to account for a larger share of battery packaging market during the forecast period. Sustainable transport and sustainable energy generation are driving the market for batteries. Uses of alternative sources of energy and electric vehicles to control the ever-increasing carbon footprint are some of the efforts undertaken to achieve this goal.
Cell & pack packaging segment expected to grow at the higher CAGR during the forecast period.
The cell & pack packaging segment is estimated to account for the larger share of the market, in terms of value, of the battery packaging market in 2018. Increased adoption of EVs has resulted in growth in the production of batteries. The market for EVs is witnessing huge growth and the number of EVs on road has increased from 1 million EVs in 2015 to over 3 million EVs in 2017. On an average, EVs have a power train of around 8000 lithium-ion batteries. Hence, the increase in sales of EVs drives the market significantly.
APAC is expected to record the highest growth rate during the forecast period.
APAC is expected to record the highest growth rate during the forecast period, due to the presence of leading battery manufacturers in this region. This region is home to some of the leading battery manufacturers, including Panasonic, Samsung, GS Yuasa, Exide, and LG, among others. This region also dominates the automotive market as leading automotive countries such as China, Japan, and India are part of this region. On a global level, over 50% of lithium-ion batteries are manufactured in China, Japan, and South Korea. All these factors are driving the battery packaging market in this region.
Nefab Group (Sweden), United Parcel Service Inc. (US), DHL (Germany), Zarges Group (Germany), Heitkamp & Thumann Group (Germany), FedEx (US), Rogers Corporation (US), DS Smith (UK), Smurfit Kappa (Ireland), and Umicore (Belgium) are some of the leading players operating in the battery packaging market.
DriversRising Demand for Batteries From the Sustainable Energy Sector Increasing Awareness of Users Towards Zero Emission Vehicles Favorable Government Policies
RestraintsHigh Cost and Low Efficiency of Sustainable Technologies
OpportunitiesIncreasing Oil Prices Increase in Battery Recycling Activities
ChallengesHigh Cost of Raw Materials
Key Topics Covered1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Transportation Regulations for Batteries
6 Market Overview
7 Battery Packaging Market, By Type of Casing
8 Battery Packaging Market, By Type of Packaging
9 Battery Packaging Market, By Material
10 Battery Packaging Market, Import Export Data, 2013-2017
11 Battery Packaging Market, By Type of Battery
12 Battery Packaging Market, By Level of Packaging
13 Battery Packaging Market, By Region
14 Competitive Landscape
15 Company ProfilesALLCell TechnologiesAmara Raja Batteries LimitedDHLDS SmithFedexHeitkamp & Thumann GroupJohnson ControlsManika MouldsNefabRogers CorporationSmurfit KappaTargrayTesla Inc.Texim EuropeUmicoreUnited Parcel Service (UPS)Veolia Environnement S.A.Zarges
For more information about this report visit https://www.researchandmarkets.com/research/nt9zlz/global_battery?w=4
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Related Topics:Packaging,Battery Technology
INDUSTRY KEYWORD: TECHNOLOGY SEMICONDUCTOR MANUFACTURING PACKAGING
SOURCE: Research and Markets
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PUB: 11/14/2018 06:25 AM/DISC: 11/14/2018 06:25 AM