The global battery packaging market size was estimated at USD 29.88 billion in 2023 and is expected to expand at a CAGR of 12.10% from 2024 to 2030. The growing adoption of electric vehicles due to environmental concerns and government regulations is driving the demand for battery packs, which in turn is triggering the demand for specialized battery packaging to ensure safety, efficiency, and longevity.

The surging demand for electric vehicles (EVs) and renewable energy storage systems is a primary driving force for the market. As governments worldwide implement stricter emission regulations and incentivize the adoption of clean energy technologies, the need for efficient and reliable battery solutions has skyrocketed in recent years. Lithium-ion batteries, in particular, have become the preferred choice for powering EVs and energy storage systems, necessitating robust packaging solutions to ensure safety, performance, and longevity.

The consumer electronics industry's relentless pursuit of portable and compact devices has further fueled the demand for battery packaging. Smartphones, laptops, tablets, and wearable technologies rely heavily on high-performance batteries, which require specialized packaging materials and designs. These packaging solutions must strike a balance between protecting the battery from external factors and optimizing space utilization within the device's compact form factor.

Gather more insights about the market drivers, restrains and growth of the Battery Packaging Market

Key Battery Packaging Company Insights

The market consists of a significant number of companies producing battery packaging products. The battery packaging industry has witnessed significant acquisitions and expansions over the past few years.

• In November 2023, Dai Nippon Printing (DNP), acquired land in Linwood, Davidson County, North Carolina, U.S., to construct a factory for producing battery pouches that encase and protect lithium-ion batteries, in response to the growing demand for electric vehicles (EVs) in the U.S. This move aligns with the global trend towards combating climate change and the increasing adoption of EVs in countries such as Japan, European nations, U.S., and China. DNP aims to start operating a battery pouch slitting line for automotive lithium-ion batteries in the U.S. by 2026, with an investment of approximately USD 92.0 million.

• In June 2023, NEFAB GROUP acquired PolyFlex Pro, a major American industry player with expertise in eco-friendly returnable solutions. This strategic move is aimed at reinforcing Nefab's global market standing and its dedication to conserving resources within supply chains.

Global Battery Packaging Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global battery packaging market report based on the material, packaging type, casing type, level of packaging, battery type, and region:

Material Outlook (Revenue, USD Million, 2018 - 2030)

• Cardboard

• Plastics

o Polypropylene (PP)

o Acrylonitrile Butadiene Styrene (ABS)

o Polyamide (PA)

o Polyethylene Terephthalate (PET)

o Others

• Metal

o Aluminum

o Steel

• Others

Packaging Type Outlook (Revenue, USD Million, 2018 - 2030)

• Corrugated Packaging

• Blister Packaging

Casing Type Outlook (Revenue, USD Million, 2018 - 2030)

• Cylindrical

• Prismatic

• Pouch

• Others

Level of Packaging Outlook (Revenue, USD Million, 2018 - 2030)

• Cell & Pack Packaging

• Transportation Packaging

Battery Type Outlook (Revenue, USD Million, 2018 - 2030)

• Lead Acid Battery

• Lithium Ion Battery

• Nickel Metal Hydride Battery

• Nickel Cadmium Battery

• Lithium Titanate Oxide (LTO) Battery

• Others

Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o UK

o France

o Italy

o Spain

• Asia Pacific

o China

o India

o Japan

o South Korea

o Southeast Asia

• Central & South America

o Brazil

o Columbia

• Middle East & Africa

o Saudi Arabia

o UAE

o South Africa

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