The recent research, Battery Packaging market enables stakeholders, field marketing executives and business owners get one step ahead by giving them a better understanding of their immediate competitors for the forecast period, 2019 to 2026. Most importantly, the study empowers product owners to recognize the primary market they are expected to serve. To help companies and individuals operating in the Battery Packaging market ensure they have access to commensurate resources in a particular location the research, assess the size that they can realistically target and tap.
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The global battery packaging market is forecast to reach USD 53.04 Billion by 2026, according to a new report by Reports and Data. The packaging industry has spread its feet in practically all areas, regardless of whether it is food, pharmaceutical, customer products, and so forth. Cells, or more commonly known as batteries, are an integral part of our daily lives. The expanding entrance of batteries in practically all the prominent industries has led to a rising demand for safe battery packaging solutions. Battery packaging makers are now focusing on customizable packaging solutions for batteries, depending on size requirements.
Key participants include
Nefab Group, United Parcel Service Inc., DHL, Zarges Group, Heitkamp & Thumann Group, FedEx, Rogers Corporation, DS Smith, Smurfit Kappa, and Umicore, among others.
Type Of Battery Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
· Lithium-Ion
· Lead-Acid
Material Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
· Metals
· Plastics
· Cardboards
· Others
Type Of Packaging Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
· Corrugated
· Blister
· Others
Level Of Packaging Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
· Cell & Pack Packaging
· Transportation Packaging
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Further key findings from the report suggest
- Lithium-Ion held the largest market share of 57.9% in the year 2018. Due to higher efficiency and higher energy density in a compact size, lithium-ion batteries are favorable choices for various end-users such as automotive, energy storage, and consumer electronics industries.
- In terms of the level of packaging, the cell & pack packaging is expected to account for the majority of the global battery packaging industry during the forecast period. Increased adoption of EVs has resulted in growth in the production of batteries. The cell and pack packaging are forecasted to grow with a higher CAGR of 12.6% throughout the forecast period.
- Corrugated packaging held the largest market share of 36.5% in the year 2018. As these are cheaper in comparison to blister packs and more number of batteries can be fitted and transported easily, the developing countries such as India and China have a high demand for this type of packaging.
- Leading battery manufacturers have shown interest in investing in new regions. For instance, Samsung SDI completed the construction of its new lithium-ion battery plant in Hungary. This will increase the demand for cell & pack packaging. Similar investments are being undertaken by other battery manufacturers such as Tesla, SK Innovation, and LG.
To identify the key trends in the industry, click on the link below @ https://www.reportsanddata.com/press-release/global-battery-packaging-market
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