DUBLIN, Dec. 7, 2018 /PRNewswire/ --
The "Battery Packaging Market by Type of Battery (Lithium-ion, Lead-acid), Level of Packaging (Cell & Pack Packaging, Transportation Packaging), and Region (APAC, North America, Europe, South America, Middle East and Africa) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The battery packaging market is projected to grow from USD 20.6 billion in 2018 to USD 36.2 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 12% during the forecast period.
The growth of the battery packaging market can be attributed to the increased consumption of batteries in the automotive, energy storage, and consumer electronics industries.
Based on type of battery, lithium-ion battery packaging is expected to grow at the higher CAGR during the forecast period.
In terms of value, lithium-ion battery packaging segment is expected to grow at the higher CAGR during the forecast period. Increasing adoption and rising awareness regarding alternative sources of energy and electric vehicles to control the ever-increasing carbon footprint has spurred the demand for lithium-ion batteries globally. Since these batteries have higher efficiency and energy density compared to lead-acid batteries, they are considered ideal for energy storage and EV applications. They also have advantage over the lead-acid battery in terms of cycle life.
Increased investments in the battery manufacturing market have spurred growth in cell & pack packaging segment.
As the adoption of batteries has been growing rapidly, leading battery manufacturers are investing heavily to ramp up their productions for batteries. Recently, leading battery manufacture have started investing in new regions. For instance, Samsung SDI completed the construction of its new lithium-ion battery plant in Hungary. This facility is expected to be operational in the second quarter of 2018. This would increase the demand for cell & pack packaging. Similar investments are being undertaken by other battery manufacturers such as Tesla, SK Innovation, and LG.
APAC battery packaging market is expected to grow at the highest CAGR during the forecast period.
APAC battery packaging market is expected to record the highest growth rate during the forecast period, due to the presence of leading battery manufacturers in the region. This region is home to some of the leading battery manufacturers, including Panasonic, Samsung, GS Yuasa, Exide, and LG, among others. APAC accounts for the largest share of the global automotive market, as it is home to some of the leading automobile consumer countries such as China, Japan, and India. This region also accounts for largest share of the handheld consumer electronics segment which is driving the battery packaging market.
Nefab Group (Sweden), United Parcel Service Inc. (US), DHL (Germany), Zarges Group (Germany), Heitkamp & Thumann Group (Germany), FedEx (US), Rogers Corporation (US), DS Smith (UK), Smurfit Kappa (Ireland), and Umicore (Belgium) are some of the leading players operating in the battery packaging market.
These players have adopted the expansion, investment, acquisition, partnership, agreement, and joint venture strategies. These strategies are expected to drive the market for lithium-ion battery during the forecast period, as the demand for these batteries is growing rapidly.
- UPS opened a new shipping center in Arlington, Texas (US) by investing USD 200 million. This facility created employment for around 1,400 workers to facilitate shipments. This expansion comes as a strategic investment by UPS to improve its efficiency and connectivity across UPS hubs and transportation network.
- UPS constructed a new distribution center in Edgerton, US. This development helped the company expand its Kansas operations and facilitate smoother shipments.
- H&T Nevada (US), a business unit of H&T, started its production facility in Gigafactory jointly with Tesla (US). This new production facility is embedded in the production line of Tesla, creating a synergy. This development helped H&T increase its market presence in the cell packaging segment.
Key Topics Covered
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
22.214.171.124 Key Data From Secondary Sources
2.1.2 Primary Data
126.96.36.199 Key Data From Primary Sources
188.8.131.52 Key Industry Insights
184.108.40.206 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Data Triangulation
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Battery Packaging Market
4.2 Battery Packaging Market, By Type of Battery
4.3 Battery Packaging Market, By Level of Packaging
4.4 Battery Packaging Market, By Region
5 Transportation Regulations for Batteries
5.2 Transportation Regulations
5.3 Prototype Battery Regulation
5.4 Damaged Or Defective Battery Regulation
5.5 49 CFR 172.101 Hazardous Materials Table
6 Market Overview
6.2 Market Dynamics
220.127.116.11 Rising Demand for Batteries From the Sustainable Energy Sector
18.104.22.168 Increasing Awareness of Users Towards Zero Emission Vehicles
22.214.171.124 Favorable Government Policies
126.96.36.199 High Cost and Low Efficiency of Sustainable Technologies
188.8.131.52 Increasing Oil Prices
184.108.40.206 Increase in Battery Recycling Activities
220.127.116.11 High Cost of Raw Materials
6.3 Porter's Five Forces Analysis
6.3.1 Threat of New Entrants
6.3.2 Threat of Substitutes
6.3.3 Bargaining Power of Suppliers
6.3.4 Bargaining Power of Buyers
6.3.5 Intensity of Competitive Rivalry
6.4 Economic Indicators
6.4.1 Industry Outlook
18.104.22.168 Electric Vehicles (EVS)
22.214.171.124 Electricity Storage
7 Battery Packaging Market, By Type of Casing
8 Battery Packaging Market, By Type of Packaging
9 Battery Packaging Market, By Material
9.3.4 Polybutylene Terephthalate
10 Battery Packaging Market, Import Export Data, 2013-2017
10.2 Asia Pacific
10.2.4 South Korea
10.4 North America
10.5 Middle East & Africa
10.5.1 Saudi Arabia
10.5.4 South Africa
10.6 South America
11 Battery Packaging Market, By Type of Battery
11.2 Lithium-Ion Battery
11.3 Lead-Acid Battery
12 Battery Packaging Market, By Level of Packaging
12.2 Cell & Pack Packaging
12.3 Transportation Packaging
13 Battery Packaging Market, By Region
13.2 Asia Pacific
13.2.4 South Korea
13.2.5 Rest of Asia Pacific
13.3.6 Rest of Europe
13.4 North America
13.5 Middle East & Africa
13.5.1 Saudi Arabia
13.5.4 Rest of Middle East & Africa
13.6 South America
13.6.3 Rest of South America
14 Competitive Landscape
14.2 Market Ranking of Key Players
14.3 Competitive Scenario
14.3.3 Joint Ventures
14.3.6 Patent Acquisitions
15 Company Profiles
15.2 United Parcel Service (UPS)
15.5 Heitkamp & Thumann Group
15.7 Rogers Corporation
15.8 DS Smith
15.9 Smurfit Kappa
15.11 Other Key Players
15.11.1 ALLCell Technologies
15.11.2 Texim Europe
15.11.3 Manika Moulds
15.11.4 Veolia Environnement S.A.
15.11.6 Tesla Inc.
15.11.7 Johnson Controls
15.11.8 Amara Raja Batteries Limited
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