Title: Battery Packaging Material Market Size, Growth Factor with Key Drivers Analysis till 2026
1 Battery Packaging Material Market 2021 and
Growth Rate, Growth Drivers, Trend and
Technologies with Forecast to 2026
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2Global Market Scenario of Battery Packaging
Material Industry
- Global Market Insights Inc., forecasts that
global battery packaging material market size
will be worth more than US11.3 billion by 2026. - Majority of the battery demand today is driven by
consumer electronics and automotive starter
batteries. However, advanced, high-power
applications such as electric vehicles (EV) and
renewable energy storage systems are anticipated
to make a considerable impact in the near future.
Battery packaging materials help the battery
adapt to specific needs of an applications based
on temperature, form factor, sealing and charge
monitoring. - Wood, foam, cardboard, and different types of
plastics are typically used as battery packaging
materials. Flourishing consumer electronics and
automotive sectors are likely to propel the
demand for these materials. Manufacturers are
aiming to design reliable, efficient, and
cost-effective packaging materials while ensuring
compliance with regulatory standards. - With mounting environmental concerns and
tightening government regulations, more and more
people are switching to EVs and HEVs. According
to the International Energy Agencys (IEA) Global
EV Outlook 2019, the global EV fleet had
surpassed 5 million in 2018, with China
accounting for almost 50 of global EV sales,
followed by the U.S. and Europe.
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3Continue-
- The regulatory landscape for batteries
- Li-ion batteries are technically classified as
hazardous goods as they can be extremely
dangerous. These batteries are prominently used
in e-bikes, smartphones, and even in electric
vehicles. However, increased use means increased
risk. While the shipping of brand-new batteries
is safe, returning used or damaged batteries for
recycling, repair or disposal can be dangerous. - For shipping li-ion batteries, certain
manufacturers and suppliers need to comply with
certain safety regulations. The legal
requirements of li-ion battery packaging have
been set out by the United Nations under the code
UN3480 code. These regulations specify which
materials can be used and what type of packaging
is suitable for li-ion batteries. The presence of
a strong regulatory framework to ensure safety
during shipping and transportation will certainly
influence the growth of battery packaging
material manufacturers.
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5360 Industry Analysis
- Proliferation of lithium-ion batteries
- Since their introduction, li-ion batteries have
gradually dominated the energy storage systems
industry. The technology finds applications in
electronic gadgets like smartphones, tablets, and
laptops along with smart wearables and a range of
kitchen and home appliances. Li-ion batteries are
being regarded as an imminent option for the
rapidly growing electric vehicles space.
Advantages such as high energy density, low
self-discharge rate and long service life makes
them a suitable option in electric and hybrid
vehicles. - EV makers are currently focusing on minimizing
battery and component costs, indicating a
significant upsurge in the adoption of electric
cars in the upcoming years. APAC battery
packaging materials market is slated to witness
notable growth in the future on account of a
automotive and consumer electronics demand. -
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6- Competitive Analysis
- Many players are also play significant role in
packaging of other industry products such as
food, pharmaceuticals etc. Major players try to
leverage their market position through
acquisitions and mergers. Small scale
manufacturers are also growing in emerging
countries, posing a serious challenge to the top
players. Some of the key players in the battery
packaging material industry are Nefab, Fedex,
DHL, Rogers Corporation, United Parcel Service
(UPS), Umicore and Zarges. -
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Material Market_at_ https//www.gminsights.com/indust
ry-analysis/battery-packaging-material-market
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