Global Battery Packaging market industry is poised to raise USD 45.5 billion by 2025. The Battery Packaging market is on the surging trend. The rising demand of batteries due to its storage benefits in sustainable energy sector is augmenting growth to the market during the forecast period. Many countries have made huge investments in energy storage and adopted the lithium-ion batteries for meeting their energy demands during peak hours. For instance, countries such as California, Nevada, Oregon, Hawaii, New Jersey, Massachusetts and others have storage regulations mandatory for the manufacturers. In the countries mentioned 30% investment tax credit is available to promote investments in energy storage. In 2018. Tesla in cooperation with Panasonic established Gigafactory battery production plant in Nevada. Also, Panasonic has made huge investment of $400 million in March 2018 for production of lithium batteries in China. Various other companies including Contemporary Amperex Technology made an announcement of large investment for battery production unit in China. Major countries have already opted for battery-storage installations leading to increased adoption rate of batteries in turn fuelling the market share of battery-packaging market. For instance, commercial-battery storage took a hype from 24MW in 2016 to over 200 MW by end of 2018 in UK.
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Global Battery Packaging Market Size study, by Type of Battery (Lead-Acid and Lithium-Ion), by Material (Plastics, Material, Cardboard and Others), by Level of Packaging (Transportation, Cell and Packaging), Type of Packaging (Blister, Corrugated and Others), by Type of Casing (Prismatic, Cylindrical and Pouch) and Regional Forecasts 2018.
The leading market players mainly include-
United Parcel Service (UPS)
Heitkamp & Thumann Group
Key findings of the study:
The North American region accounted for the significant market share, more than XX% of the total market in 2016.
The Asia Pacific region will be the highest growing segment with respect to geographical segmentation, the region is likely to grow by XX% CAGR over the forecast period 2018-2025.
By Type of Battery
By Level of Packaging
Cell and Pack Packaging
By Type of Packaging
By Type of Casing
Rest of the World