Dublin, Nov. 01, 2023 (GLOBE NEWSWIRE) -- The "Battery Packaging - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The global battery packaging market is on the cusp of remarkable growth, with projections soaring from an estimated $35 billion in 2022 to an impressive $91.6 billion by 2030. This remarkable surge represents a compound annual growth rate (CAGR) of 12.8% over the analysis period from 2022 to 2030.
Li-Ion Dominates the Market with a Projected $63.2 Billion Value by 2030
Within this dynamic landscape, the lithium-ion (Li-Ion) battery segment is anticipated to take the lead, recording a staggering 13.6% CAGR and reaching a projected value of $63.2 billion by the end of the analysis period. This surge can be attributed to the ever-growing demand for Li-Ion batteries in various applications, including electric vehicles, consumer electronics, and renewable energy storage.
China Emerges as a Key Growth Driver with a 17.7% CAGR
While the United States boasts a substantial market estimated at $9.5 billion in 2022, China, as the world's second-largest economy, is poised to take center stage with a projected market size of $21.7 billion by 2030, backed by a robust CAGR of 17.7%. Other noteworthy geographic markets include Japan and Canada, with each expected to grow at rates of 8% and 10.7%, respectively, over the 2022-2030 period. In Europe, Germany is projected to grow at a commendable 9.4% CAGR.
Key Competitors in the Market
The global battery packaging market is highly competitive, featuring a myriad of players striving for market dominance. Some of the key competitors profiled in the report include:
- ALLCell Technologies
- Amara Raja Batteries Limited
- DHL
- DS Smith
- FedEx
- Heitkamp & Thumann Group
- Johnson Controls
- Manika Moulds
- Nefab
- Rogers Corporation
These companies, among others, play a pivotal role in shaping the industry's landscape and driving innovation in battery packaging solutions.
The market research report provides a valuable perspective on the battery packaging industry, offering a comprehensive analysis of past, current, and future trends. It covers key battery types (Li-Ion, Lead Acid) and packaging levels (Cell & Pack Packaging, Transportation Packaging) across various geographic regions (USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, and Africa). The inclusion of historical data (2014-2021) and future projections (2022-2030) with CAGR percentages allows businesses to make informed decisions and gain insights into market dynamics, facilitating strategic planning and growth opportunities in the battery packaging market.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 93 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $35 Billion |
| Forecasted Market Value (USD) by 2030 | $91.6 Billion |
| Compound Annual Growth Rate | 12.8% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/phiv15
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