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Battery Packaging Material Market Size

  • Report ID: GMI4602
  • Published Date: Mar 2020
  • Report Format: PDF
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Battery Packaging Material Market Size

Battery packaging material market size was over USD 8.8 billion in 2019 and shall exhibit 3.8% CAGR throughout the forecast timespan. Heavy product requirement in electronics and automotive industry will drive the product demand over the forecast period.

 

Battery Packaging Material Market Outlook
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Packaging has been known to be commonly used in industries such as food, consumer goods, and finished industry products such as mechanical goods and electronics. In recent decades, the need for appropriate packaging for growing electronics such as batteries is rising. Battery packaging material market is poised to grow proportional to the lithium ion battery demand.

 

Battery Packaging Material Market Report Attributes
Report Attribute Details
Base Year:2019
Battery Packaging Material Market Size in 2019:8.8 Billion (USD)
Forecast Period:2020 to 2026
Forecast Period 2020 to 2026 CAGR:3.8%
2026 Value Projection:11.4 Billion (USD)
Historical Data for:2016 to 2019
No. of Pages:250
Tables, Charts & Figures:286
Segments covered:Battery type, Packaging materials, Packaging cases
Growth Drivers:
  • 1. Surging battery usage in the propelling electronics market
  • 2. Rising demand for lithium ion batteries in electric vehicles
  • 3. Increasing product manufacturing operations in China to cater the global demand
  • 4. Growing automotive market will propel the battery packaging activities in Asia Pacific
Pitfalls & Challenges:
  • 1. Lack of awareness about optimum usage of fertilizers
  • 2. Increasing uncertainties and significant policy focus toward environment
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Electric vehicle manufacturers, and energy storage unit users will drive the battery packaging demand for utilizing battery packs. Stringent regulations regarding the packaging will be one of the important hindrances to the growth of battery packaging material market.

 

One of the main reasons for the presence of these regulations in battery packaging is the risk associated with the battery leakage and subsequent damages to the property and operational capacity. On the other hand, the coronavirus will also be an effective factor playing a major role and limiting the growth of battery packaging. The spread of coronavirus through packaging material will also be a limiting factor for the global market.

 

Authors: Kiran Pulidindi

Frequently Asked Questions (FAQ) :

The worth of battery packaging material market is expected to reach a valuation of $11.3 billion by 2026.

According to credible reports, battery packaging material market would record a crcr of 3.8% over the anticipated time span.

According to the report published by Global Market Insights Inc., the battery packaging material business is supposed to attain $11.4 billion by 2026.

Surging battery usage in the propelling electronics industry, rising demand for lithium ion batteries in electric vehicles, increasing product manufacturing operations in China, and growing automotive industry are major factors expected to drive the growth of global market.

Ball Corporation, Amcor, Crown Holding, Owens-Illinois, Reynolds Group, International Paper Company, DS Smith, Nefab, Fedex, DHL, Rogers Corporation, United Parcel Service (UPS), Umicore and Zarges are some of the top contributors in the industry.

The cardboard segment registered a major market share in 2019 and is projected to record a remarkable growth rate throughout the forecast period.

Battery Packaging Material Market Scope

  • Battery Packaging Material Market Size
  • Battery Packaging Material Market Analysis
  • Battery Packaging Material Market Share

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    Premium Report Details

    • Base Year: 2019
    • Companies covered: 14
    • Tables & Figures: 286
    • Countries covered: 18
    • Pages: 250
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