Press release
Alkaline Primary Batteries Market: Declining Market Size, Market Participants, and key Developments till 2025
Alkaline Primary Batteries Market
Steep Decline Projected in Alkaline Primary Batteries Market with Drivers and Trends through 2025
What Is The Projected Market Size Of The Global Alkaline Primary Batteries Market And Its Growth Rate?
The Alkaline Primary Batteries market is observing a rapid decrease within recent years and is expected to continue the decline till 2025, driven by supply chain challenges, fluctuating prices of raw materials, environmental concerns and stringent regulations, among others.
•The market will decline from $4.82 billion in 2024 to $4.42 billion in 2025 at a compound annual growth rate (CAGR) of -8.4%.
•Trends suggest that the market size will continue to decline to $2.86 billion in 2029 with a CAGR of -10.3%.
What Is Driving The Growth In The Alkaline Primary Batteries Market?
Despite the overall negative growth of the Alkaline Primary Batteries market, there are still sectors that drive some growth in the industry. The increase in demand for battery-operated toys is expected to drive the demand for alkaline primary batteries. The use of primary batteries such as alkaline batteries in electronic toys is expected to drive the market. Battery-operated toys such as toy cars, dolls, robots, and drones are becoming popular. For instance, according to a report by the UK-based online marketplace OnBuy, sales in their toys and games division have increased dramatically during the past three years, by more than 1772%. Thus, the growing popularity of battery-operated toys will continue to increase the demand for primary batteries.
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Who Are the Key Players Driving Alkaline Primary Batteries Market Growth?
Major companies operating in the alkaline primary batteries market include:
•Panasonic Holdings Corporation
•LG Chem Ltd.
•EVE Energy Co. Ltd.
•Spectrum Brands Holdings Inc.
•Energizer Holdings Inc.
•Rayovac Corp.
•Duracell Inc.
•Maxell Holdings Ltd.
•Zhejiang Mustang Battery Co. Ltd.
What Are The Key Trends In The Alkaline Primary Batteries Market?
Following are the major trends observed in the forecast period:
•Smart home technology adoption
•Electric vehicle (EV) growth
•Safety and durability focus
•Digitalization of industries
•Renewable energy integration
What Are The Segments Of The Global Alkaline Primary Batteries Market?
The market is segmented based on -
1) Type: Primary, Secondary
2) Product Type: Specialty Alkaline, Non-Specialty Alkaline
3) Application: Flashlights, Entertainment, Toy And Novelty, Remote Control, Other Applications
Which Region Leads The Alkaline Primary Batteries Market?
Asia Pacific was the largest region in the alkaline primary batteries market in 2024 benefiting from their supply chain capabilities and expanding manufacturing sector.
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What Is Covered In The Alkaline Primary Batteries Market Global Market Report?
- Market Size Analysis: Analyze the Alkaline Primary Batteries Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Alkaline Primary Batteries Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Alkaline Primary Batteries Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Alkaline Primary Batteries Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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