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Global Battery Packaging Market Size, Share, Growth: By Battery Type: Lithium Ion, Lead Acid, Nickel Cadmium, Others; By Material Type: Metal, Plastics, Others; By Type of Packaging: Blister Packaging, Corrugated Packaging, Others; By Casing Type: Cylindrical, Others; By Level of Packaging; Regional Analysis; Competitive Landscape; 2024-2032
Global Battery Packaging Market Outlook
The global battery packaging market size was approximately USD 32.73 billion in 2023. The market is further projected to grow at a CAGR of 8.8% between 2024 and 2032, reaching a value of USD 71.71 billion by 2032.
Key Trends in the Market
Within the battery pack, the energy is stored in cells that are interconnected. An energy storage system (ESS) or an electric vehicle (EV) are two examples of electrical systems that rely on battery packs to supply power. Battery packs are composed of several smaller components known as sub packs or battery modules. Typically, they are handled safely because they are at a lower voltage.
- The rising requirement for electric and hybrid vehicles and the growth of the sports car sector globally are propelling the battery packaging market demand. EV batteries are large, full-sized batteries designed to power the car's traction motor and accessories, as well as the whole range. Present-day EV batteries can use 90% to 95% of the total energy, which is a significantly higher percentage than traditional battery solutions.
- The growth of the consumer electronics sector and medical devices market supports the market growth for battery packaging, as everything from massive hospital capital equipment to tiny implantable devices is powered by lithium-ion batteries. The rising smartphone penetration, coupled with the growing demand for tablets and laptops is further supporting the market expansion.
- Increasing initiatives by various governments to reduce carbon emissions, coupled with advancements in battery technology, including the development of lightweight and high-performing lithium ion batteries, are further supporting the market expansion.
Battery Packaging Market Segmentation
Based on battery type, the market is divided into lithium ion, lead acid, and nickel cadmium, among others. On the basis of material type, the market is segmented into metal and plastics, among others. Based on the type of packaging, the market is classified into blister packaging and corrugated packaging, among others.
On the basis of casing type, the market is segregated into cylindrical, prismatic, and pouch, among others. Based on the level of packaging, the market is bifurcated into cell and pack packaging, and transport packaging. The major regional markets for battery packaging are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global battery packaging market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Covestro AG
- Trinseo Plc
- DS Smith Plc
- Nefab AB
- Wellplast AB
- TriEnda Holdings, LLC
- Sohner Kunststofftechnik GmbH
- C.L. Smith Company
- Heitkamp & Thumann Group
- Others
Market Share by Battery Type
According to the battery packaging market analysis, lithium-ion batteries hold a significant share in the market. From smartphones to electric cars, lithium-ion batteries are now widely used as an energy source for a wide range of consumer gadgets. They can be made to fit into any size of electronic equipment. Additionally, they are appropriate for portable electronic devices such as digital watches, laptops, and medical equipment because of their lightweight design and long-lasting battery life. Furthermore, the technology of rechargeable lithium-ion batteries is rapidly gaining popularity for portable power banks, allowing people to continuously supply power to their devices while travelling. These batteries come in standardized sizes, which further supports the segment growth.
Market Share by Region
North America holds a significant battery packaging market share owing to the presence of leading battery manufacturers and automotive companies such as Tesla, Inc., BMW AG, and Honda Motor Company in the region. The increasing consumer demand for electric and hybrid vehicles is further fostering the growth of the market.
Meanwhile, Europe is another growing market for battery packaging due to the European Commission’s aspirational goal to reduce carbon emissions and achieve carbon neutrality by 2050. Stringent government regulations and consumer demand for electric and hybrid vehicles fuel the battery packaging market growth.
Competitive Landscape
Covestro AG, founded in 2015, is a chemical manufacturing company that is involved in the manufacture of high-quality polymer materials and their components. The company also specialises in battery packaging, adhesives, coatings, and polyurethane, among others.
Heitkamp & Thumann Group, founded in 1978, is a renowned worldwide collaborator for the creation and provision of premium precision-formed plastic and metal components. Robust innovation and established proficiency guarantee prosperous, enduring collaborations, which strengthens the market position of the company.
DS Smith plc, founded in 1940, is a global packaging company that provides integrated recycling services, sustainable paper products, and packaging that is free of plastic. The company has its shares listed on the London Stock Exchange with ticker symbol SMDS (LON: SMDS).
Other battery packaging market players include Trinseo Plc, Nefab AB, Wellplast AB, TriEnda Holdings, LLC, Sohner Kunststofftechnik GmbH, and C.L. Smith Company, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Battery Type |
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| Breakup by Material Type |
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| Breakup by Type of Packaging |
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| Breakup by Casing Type |
|
| Breakup by Level of Packaging |
|
| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Battery Packaging Market Analysis
8.1 Key Industry Highlights
8.2 Global Battery Packaging Historical Market (2018-2023)
8.3 Global Battery Packaging Market Forecast (2024-2032)
8.4 Global Battery Packaging Market by Battery Type
8.4.1 Lithium Ion
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Lead Acid
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Nickel Cadmium
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Battery Packaging Market by Material Type
8.5.1 Metal
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Plastics
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Others
8.6 Global Battery Packaging Market by Type of Packaging
8.6.1 Blister Packaging
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Corrugated Packaging
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Others
8.7 Global Battery Packaging Market by Casing Type
8.7.1 Cylindrical
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Prismatic
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Pouch
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Others
8.8 Global Battery Packaging Market by Level of Packaging
8.8.1 Cell and Pack Packaging
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Transport Packaging
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.9 Global Battery Packaging Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2023)
8.9.3.2 Forecast Trend (2024-2032)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2023)
8.9.4.2 Forecast Trend (2024-2032)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2023)
8.9.5.2 Forecast Trend (2024-2032)
9 North America Battery Packaging Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Battery Packaging Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Battery Packaging Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Battery Packaging Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Battery Packaging Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Deman
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Covestro AG
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Trinseo Plc
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 DS Smith Plc
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Nefab AB
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Wellplast AB
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 TriEnda Holdings, LLC
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Sohner Kunststofftechnik GmbH
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 C.L. Smith Company
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Heitkamp & Thumann Group
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Battery Packaging Market: Key Industry Highlights, 2018 and 2032
2. Global Battery Packaging Historical Market: Breakup by Battery Type (USD Billion), 2018-2023
3. Global Battery Packaging Market Forecast: Breakup by Battery Type (USD Billion), 2024-2032
4. Global Battery Packaging Historical Market: Breakup by Material Type (USD Billion), 2018-2023
5. Global Battery Packaging Market Forecast: Breakup by Material Type (USD Billion), 2024-2032
6. Global Battery Packaging Historical Market: Breakup by Type of Packaging (USD Billion), 2018-2023
7. Global Battery Packaging Market Forecast: Breakup by Type of Packaging (USD Billion), 2024-2032
8. Global Battery Packaging Historical Market: Breakup by Casing Type (USD Billion), 2018-2023
9. Global Battery Packaging Market Forecast: Breakup by Casing Type (USD Billion), 2024-2032
10. Global Battery Packaging Historical Market: Breakup by Level of Packaging (USD Billion), 2018-2023
11. Global Battery Packaging Market Forecast: Breakup by Level of Packaging (USD Billion), 2024-2032
12. Global Battery Packaging Historical Market: Breakup by Region (USD Billion), 2018-2023
13. Global Battery Packaging Market Forecast: Breakup by Region (USD Billion), 2024-2032
14. North America Battery Packaging Historical Market: Breakup by Country (USD Billion), 2018-2023
15. North America Battery Packaging Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Europe Battery Packaging Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Europe Battery Packaging Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Asia Pacific Battery Packaging Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Asia Pacific Battery Packaging Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Latin America Battery Packaging Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Latin America Battery Packaging Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Middle East and Africa Battery Packaging Historical Market: Breakup by Country (USD Billion), 2018-2023
23. Middle East and Africa Battery Packaging Market Forecast: Breakup by Country (USD Billion), 2024-2032
24. Global Battery Packaging Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 32.73 billion.
The market is expected to grow at a CAGR of 8.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 71.71 billion by 2032.
The market is being driven by increasing consumer demand for electric and hybrid vehicles and the growing requirement for consumer electronic products.
The key trends of the market include advancements in technologies, such as the development of lightweight and high performing lithium-ion batteries, and the increasing government regulations to reduce carbon emissions.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major battery types include lithium-ion, lead acid, and nickel cadmium, among others.
The major players in the market are Covestro AG, Trinseo Plc, DS Smith Plc, Nefab AB, Wellplast AB, TriEnda Holdings, LLC, Sohner Kunststofftechnik GmbH, C.L. Smith Company, and Heitkamp & Thumann Group, among others.
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