Global Battery Packaging Material Market

Global Battery Packaging Material Market Size, Share, Growth Analysis, By Type(Metal, Plastics), By Battery type(Lithium Ion, Lead Acid), By Casting type(Cylindrical, Prismatic) - Industry Forecast 2023-2030


Report ID: SQMIG20D2206 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 92 | Figures: 71

Global Battery Packaging Material Market Insights

Global Battery Packaging Material Market size was valued at USD 25.45 billion in 2021 and is poised to grow from USD 28.56 billion in 2022 to USD 53.76 billion by 2030, growing at a CAGR of 11.52% in the forecast period (2023-2030).

The global battery packaging material market is experiencing steady growth driven by the increasing demand for batteries across various industries. These materials play a crucial role in ensuring the safety and integrity of batteries during storage, transportation, and usage.

As the world transitions towards cleaner energy sources and electric vehicles gain prominence, the demand for batteries is on the rise, positively impacting the battery packaging material market.

Additionally, advancements in battery technology and innovations in packaging materials are contributing to the market's growth. Key factors such as environmental sustainability and regulatory compliance are also influencing the development of eco-friendly packaging solutions within this industry.

Market snapshot - 2023-2030

Global Market Size

USD 25.45 billion

Largest Segment

Metals

Fastest Growth

Metals

Growth Rate

11.52% CAGR

Global Battery packaging material market ($ Bn)
Country Share for NORTH AMERICA Region (%)
Global Battery packaging material market by type ($ Bn)
Global Battery packaging material market by type (%)

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Global Battery Packaging Material Market Segmental Analysis

The global battery packaging material market is segmented on the basis of type, battery type, casting type, and region. Based on type the market is segmented as Metal, Plastics, and Others. On the basis of battery type the market is segmented as Lithium Ion, Lead Acid, Nickel Cadmium, and Others. Based on casting type, it is segregated into Cylindrical, Prismatic, Coin, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Analysis by Type

Metal is the dominant type in the battery packaging material market due to its long-standing use in battery casing and protection. Metals such as aluminum and steel offer robust durability and excellent heat dissipation properties, making them preferred choices for battery enclosures, especially in large-scale industrial applications and automotive sectors. The established reliability of metal materials in ensuring battery safety and performance has contributed to their continued dominance.

However, Plastics are the fastest-growing type in the battery packaging material market. This growth is primarily attributed to their lightweight nature, which is particularly advantageous in portable electronics and emerging applications like electric vehicles (EVs). Plastics offer versatility in design, cost-effectiveness, and the potential for innovation in packaging solutions. With increasing emphasis on reducing weight and enhancing energy efficiency, plastics are gaining traction as the preferred choice for battery packaging materials, driving their rapid growth.

Analysis by Casting Type

Cylindrical casting type currently dominates the battery packaging material market due to its widespread use in applications like lithium-ion batteries, which are extensively used in consumer electronics and electric vehicles.Cylindrical batteries are preferred for their green layout and high energy density, contributing to their dominance.

Moreover, Prismatic casting kind is the fastest-growing section within the battery packaging material marketplace. This growth is normally attributed to the increasing adoption of prismatic lithium-ion batteries in electric cars and strength garage systems. Prismatic batteries offer benefits in terms of space performance and layout flexibility, making them desired selections for industries looking for compact and custom designed battery solutions.

Global Battery packaging material market by type, 2021 (%)

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Global Battery Packaging Material Market Regional Insights

North America is the dominant place inside the worldwide battery packaging material market. This dominance may be attributed to the excessive adoption of advanced battery technology, specifically inside the electric automobile and renewable energy sectors. North America's robust production and technological infrastructure, coupled with stringent protection guidelines, have fueled the call for for first-rate battery packaging materials.

However, the Asia Pacific area is the fastest-developing market for battery packaging materials. This boom is driven by means of the fast expansion of the consumer electronics and automobile industries, in particular in rising economies like China and India. Increasing urbanization, growing disposable earning, and a developing cognizance of sustainable energy solutions are propelling the demand for batteries and, therefore, battery packaging materials in the Asia Pacific area. Furthermore, authorities projects and incentives for electric powered car adoption are contributing to this boom trajectory.

Global Battery packaging material market by Geography, 2023-2030
  • Largest
  • Fastest

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Global Battery Packaging Material Market Dynamics

Drivers

Technological Advancements in Battery Packaging

  • One major driver for the battery packaging material market is the continuous technological advancements in battery packaging solutions. Innovations in materials and designs are improving the safety, efficiency, and longevity of batteries, thereby increasing the demand for specialized packaging materials that can accommodate these advancements.

Restraints

Environmental Concerns and Regulations

  • As sustainability becomes a top priority, manufacturers are facing increased pressure to develop eco-friendly packaging materials and processes that minimize the environmental impact of battery production and disposal. Compliance with these regulations can be challenging and costly for companies in the industry.

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Global Battery Packaging Material Market Competitive Landscape

The competitive landscape of the global battery packaging material market is characterized by a diverse array of companies vying for market share. These companies compete based on factors such as product quality, innovation, cost-effectiveness, and environmental sustainability.

As the demand for batteries continues to rise across various industries, including automotive, consumer electronics, and renewable energy, competition intensifies. Market players are focusing on research and development efforts to create advanced packaging materials that meet evolving industry standards and address environmental concerns.

Additionally, partnerships and collaborations are common strategies among competitors to expand their market presence and cater to a broader customer base. This competitive environment fosters innovation and drives companies to continually enhance their product offerings to meet the evolving needs of the battery industry.

Top Player’s Company Profiles

  • Nefab Group (Sweden)
  • United Parcel Service Inc. (US)
  • DHL (Germany)
  • Zarges Group (Germany)
  • Heitkamp & Thumann Group (Germany)
  • Umicore SA (Belgium)
  • Amcor Plc (Switzerland)
  • Mondi Group (Austria)
  • Huhtamaki Group (Finland)
  • DS Smith Plc (UK)
  • Smurfit Kappa Group (Ireland)
  • Pregis LLC (US)
  • Sonoco Products Company (US)
  • International Paper Company (US)
  • Sealed Air Corporation (US)

Recent Developments

  • In April 2022, Deutsche Post DHL Group, released its commercial clients new on-demand packaging answers to make shipments more fee-effective and environmentally pleasant. The strategic product release is projected to growth the ability sales of the organization's battery packaging answers.
  • In June 2021, ZARGES organisation launched a brand new product named as ZARGES K 470 battery box. This new product gives safety to the hazardous items by means of packaging items. This strategic product release is predicted to decorate ZARGES'S product portfolio.

Global Battery Packaging Material Key Market Trends

  • Sustainable Packaging Solutions : As environmental concerns grow, manufacturers are shifting towards eco-friendly materials and production processes. This trend is driven by both regulatory pressures and consumer demand for batteries that have minimal environmental impact, encouraging innovations in recyclable, biodegradable, and low-carbon footprint packaging materials for batteries. Sustainable packaging is becoming a critical factor in gaining a competitive edge in the market.

Global Battery Packaging Material Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to global battery packaging material market analysis, the market has been on a trajectory of steady growth, primarily fueled by the expanding demand for batteries across numerous sectors, including electric vehicles, consumer electronics, and renewable energy. The market has witnessed notable technological advancements in battery packaging materials, aimed at improving safety, efficiency, and sustainability.

As we look to the future, several key factors are poised to shape the market. The transition towards cleaner energy sources and the growing adoption of electric vehicles are expected to be significant drivers, propelling the demand for advanced battery packaging solutions.

Moreover, stringent environmental regulations and a heightened focus on sustainability are likely to prompt manufacturers to develop eco-friendly packaging materials and adopt greener practices.

Furthermore, emerging markets in Asia Pacific and Africa are expected to play a pivotal role in market expansion due to their burgeoning industrialization and urbanization, increasing disposable incomes, and the need for reliable energy storage solutions. Collaboration and partnerships among industry players, along with ongoing research and development efforts, will be crucial for staying competitive in this evolving landscape.

In summary, the global battery packaging material market is poised for continued growth, driven by technological innovation, sustainability considerations, and the ever-expanding applications of batteries in our increasingly electrified world. Market participants who can adapt to these trends and meet the evolving demands of the battery industry are likely to find substantial opportunities for success in the years ahead.

Report Metric Details
Market size value in 2021 USD 25.45 billion
Market size value in 2030 USD 53.76 billion
Growth Rate 11.52%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Metal, Plastics, and Others
  • Battery type
    • Lithium Ion, Lead Acid, Nickel Cadmium, and Others
  • Casting type
    • Cylindrical, Prismatic, Coin, and Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Nefab Group (Sweden)
  • United Parcel Service Inc. (US)
  • DHL (Germany)
  • Zarges Group (Germany)
  • Heitkamp & Thumann Group (Germany)
  • Umicore SA (Belgium)
  • Amcor Plc (Switzerland)
  • Mondi Group (Austria)
  • Huhtamaki Group (Finland)
  • DS Smith Plc (UK)
  • Smurfit Kappa Group (Ireland)
  • Pregis LLC (US)
  • Sonoco Products Company (US)
  • International Paper Company (US)
  • Sealed Air Corporation (US)
Customization scope

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  • Company profile
  • Market dynamics & outlook
  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Battery Packaging Material Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Battery Packaging Material Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Battery Packaging Material Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Battery Packaging Material Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Battery Packaging Material Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Battery Packaging Material Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Global Battery Packaging Material Market size was valued at USD 25.45 billion in 2021 and is poised to grow from USD 28.56 billion in 2022 to USD 53.76 billion by 2030, growing at a CAGR of 11.52% in the forecast period (2023-2030).

The competitive landscape of the global battery packaging material market is characterized by a diverse array of companies vying for market share. These companies compete based on factors such as product quality, innovation, cost-effectiveness, and environmental sustainability. 'Nefab Group (Sweden)', 'United Parcel Service Inc. (US)', 'DHL (Germany)', 'Zarges Group (Germany)', 'Heitkamp & Thumann Group (Germany)', 'Umicore SA (Belgium)', 'Amcor Plc (Switzerland)', 'Mondi Group (Austria)', 'Huhtamaki Group (Finland)', 'DS Smith Plc (UK)', 'Smurfit Kappa Group (Ireland)', 'Pregis LLC (US)', 'Sonoco Products Company (US)', 'International Paper Company (US)', 'Sealed Air Corporation (US)'

One major driver for the battery packaging material market is the continuous technological advancements in battery packaging solutions. Innovations in materials and designs are improving the safety, efficiency, and longevity of batteries, thereby increasing the demand for specialized packaging materials that can accommodate these advancements.

Sustainable Packaging Solutions : As environmental concerns grow, manufacturers are shifting towards eco-friendly materials and production processes. This trend is driven by both regulatory pressures and consumer demand for batteries that have minimal environmental impact, encouraging innovations in recyclable, biodegradable, and low-carbon footprint packaging materials for batteries. Sustainable packaging is becoming a critical factor in gaining a competitive edge in the market.

North America is the dominant place inside the worldwide battery packaging material market. This dominance may be attributed to the excessive adoption of advanced battery technology, specifically inside the electric automobile and renewable energy sectors. North America's robust production and technological infrastructure, coupled with stringent protection guidelines, have fueled the call for for first-rate battery packaging materials.

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Global Battery Packaging Material Market

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