Press release
Battery Packaging Market is Estimated to Reach USD 59.56 Billion By 2030: Cognitive Market Research
Battery Packaging Market is Estimated to Reach USD 59.56 Billion By 2030: Cognitive Market Research
Battery Packaging is the process of safeguarding and segregating the batteries including lithium-ion, lead acid, flow batteries, and others for protection purposes. The packaging of the battery eliminates chemical leakage and protects it from unexpected wear and tear. These are a wide range of applications in automotive, industrial, electronics, battery packaging batteries, and others.
Summary:
• Global Battery Packaging Market Size Was Valued at USD 26.51 Billion In 2022 And Is Expected to Grow at A CAGR Of 8.71 % During the Forecast Period, Reaching USD 59.56 Billion By 2030.
• Based on material type, the metal segment has the largest revenue share in the battery packaging market.
• Based on battery type, the lithium-ion segment has the largest revenue share in the battery packaging market.
• Based on the level of packaging, the cell & pack packaging segment has the largest revenue share in the battery packaging market.
• Asia-Pacific has the largest revenue share in the battery packaging market.
To know more The Battery Packaging Market statistics click here: https://www.cognitivemarketresearch.com/battery-packaging-market-report
Market Dynamics:
Increasing demand for battery packaging in automotive starter batteries, laptops, portable computers, electric vehicles, and the latest rechargeable battery technology is expected to drive the growth of the battery packaging market. In addition, increasing demand for eco-friendly and cost-effective energy solutions for industrial and commercial energy storage installation is the key factor expected to drive the growth of the battery packaging market. Furthermore, increasing interest in industry players in renewable energy storage solutions creates growth opportunities for the target market in the forecast period. However, the increasing cost of sustainable technologies and low efficiency are expected to hinder the growth of the battery packaging market.
Market Segmentation:
Material Type:
• Metal
• Plastics
• Others
Based on material type, the metal segment has the largest revenue share in the battery packaging market. This is due to increasing the production rate of crude steel is projected to improve the metal manufacturing industry.
Battery Type:
• Lithium Ion
• Lead Acid
• Nickel Cadmium
• Others
Based on battery type, the lithium-ion segment has the largest revenue share in the battery packaging market. This is attributed to Prismatic cell and metal-based materials used for lithium-ion battery packaging which improves the demand for lithium-ion batteries in the battery packaging market.
Level of Packaging:
• Cell & Pack Packaging
• Transportation Packaging
Based on the level of packaging, the cell & pack packaging segment has the largest revenue share in the battery packaging market. This is due increasing demand for battery packaging in cell & pack packaging anticipated to drive the growth of this segment.
Casing type:
• Cylindrical
• Prismatic
• Coin
• Others
Based on casing type, the cylindrical casing segment has the largest revenue share in the battery packaging market. This is due to the increasing use of cylindrical cells in packaging styles for primary and secondary batteries.
Competitive Analysis for Battery Packaging Market: United Parcel Service (UPS) Fedex DHL DS Smith Covestro Nefab He, Inc.
Get free sample pages of latest published Battery Packaging Market Report: https://www.cognitivemarketresearch.com/battery-packaging-market-report
Asia-Pacific accounted for the largest share of the battery packaging market
Asia-Pacific has the largest revenue share in the battery packaging market. This is due to increasing concern from governments across emerging countries such as China, and India regarding zero-emission norms. In addition, China is the large producer of electric vehicles in the world and lithium-ion energy storage barriers are widely employed in electric vehicles. This is the key factor expected to drive the growth of the battery packaging market in the region.
News:
ZARGES has launched a new product named as ZARGES K 470 battery box.
In June 2021, ZARGES company has launched a new product named as ZARGES K 470 battery box. This new product offers protection against hazardous goods by packaging items. This strategic product launch is expected to enhance ZARGES's product portfolio.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Battery Packaging Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Battery Packaging Market Segmentation
1.5.1 Battery Packaging Market Regional Fragmentation
1.5.1 Battery Packaging Market Players
• 1.6 Report Duration
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Battery Packaging Market
• 3.1 Global Battery Packaging Market Size 2018 - 2030, (USD Million)
• 3.2 Global Battery Packaging Market Statistics 2022: Snapshot
Chapter 4 Global Battery Packaging Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Battery Packaging Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Battery Packaging Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Battery Packaging Market Regional Analysis
Chapter 11 North America Battery Packaging Market Outlook (2018 - 2030)
Chapter 12 Europe Battery Packaging Market Outlook (2018 - 2030)
Chapter 13 Asia Pacific Battery Packaging Market Outlook (2018 - 2030)
Chapter 14 Latin America Battery Packaging Market Outlook (2018 - 2030)
Chapter 15 Middle East and Africa Battery Packaging Market Outlook (2018 - 2030)
Chapter 16 Research Findings
Customized/Exclusive Report Access on Request
To know more Battery Packaging Market TOC click here:
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
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About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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