The global battery packaging market was valued at $24.5 billion in 2021, and is projected to reach $61.5 billion by 2031, growing at a CAGR of 9.7% from 2022 to 2031.
Battery packaging is the process of safeguarding batteries such as lithium-ion, lead acid, flow battery, and others for protection purposes. In addition, cell packaging designs and their combinations in modules and battery packs are offered in a vast variety, for primary and secondary batteries. Packaging of batteries reduces any leakage of chemical substances and protects from unexpected wear and tear. Battery packaging has a wide range of applications in automotive, industrial, electronics, battery packaging battery, and others.
Rapid pace in technology, high investment of the government in the production of electric vehicles and surge in consumer demand for electronic gadgets, home appliances, electric vehicles, and others have enhanced the overall potential sales of the battery packaging market. Furthermore, according to data published by The Economics Times in August 2020, sales of smartphones, electronic accessories, and appliances are expected to increase by 30%. Lithium-ion batteries are most widely used in portable consumer electronics which in turn have enhanced the demand for battery packaging where battery packaging material helps to maintain power flow and reduces overheating of gadgets. This may act as one of the key drivers responsible for the growth of the battery packaging market during the forecast period.
Moreover, cost effective, environment-friendly, and high investment of government in the strengthening of EV plants drive the market for carbon-based battery packaging material. This is projected to boost the battery packaging for other segments in the coming years
Battery packaging market involves uses of raw materials such as, polypropylene-polyethylene copolymer, Polyethylene chloride (PVC (Polyvinyl Chloride)), propylene, and others which are derived from petrochemicals. The prices of petrochemicals are fluctuating due to their volatility, depletion of petroleum reserves, demand and supply gap, and other factors. This has hampered the growth of the global battery packaging market during the forecast period.
Rural electrification is the process of making electrical power accessible in rural or remote areas. Battery energy storage systems are effective for rural electrification. Various countries in the world are trying to develop their remote areas such as isolated rural areas and per-urban areas, especially in developing countries; and small islands separated from the national grids. As such, they require to have a reliable and uninterrupted power supply from renewable and conventional sources of energy that increases the overall system efficiency and ensures economic savings across the system life cycle. Installing battery energy storage systems in rural areas would serve businesses and local communities with a reliable and safe power supply. To protect the batteries and to get efficient & proper supply of power battery packages are widely used for [protection purposes. This is projected to enhance the demand for battery packaging market; thus, creating lucrative opportunities for the future.
The battery packaging market is segmented into material type, battery type, casing type, and region. On the basis of material type, the market is divided into all metals, plastics, and others. On the basis of battery type, the market is categorized into lithium ion, lead acid, nickel cadmium, and others. On the basis of casing type, it is classified into cylindrical, prismatic, coin, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The global battery packaging market profiles leading players that include Deutsche Post AG, EPEC LLC, NEFAB Group, Wellplast AB, schott, Sohner Kunststofftechnik GmbH, DS Smith Plc, heitkamp & thumann group, targray, and zarges gmbh. The global battery packaging market report provides in-depth competitive analysis as well as profiles of these major players.
Battery packaging is the process of safeguarding batteries such as lithium-ion, lead acid, flow battery, and others for protection purposes. In addition, cell packaging designs and their combinations in modules and battery packs are offered in a vast variety, for primary and secondary batteries. Packaging of batteries reduces any leakage of chemical substances and protects from unexpected wear and tear. Battery packaging has a wide range of applications in automotive, industrial, electronics, battery packaging battery, and others.
Rapid pace in technology, high investment of the government in the production of electric vehicles and surge in consumer demand for electronic gadgets, home appliances, electric vehicles, and others have enhanced the overall potential sales of the battery packaging market. Furthermore, according to data published by The Economics Times in August 2020, sales of smartphones, electronic accessories, and appliances are expected to increase by 30%. Lithium-ion batteries are most widely used in portable consumer electronics which in turn have enhanced the demand for battery packaging where battery packaging material helps to maintain power flow and reduces overheating of gadgets. This may act as one of the key drivers responsible for the growth of the battery packaging market during the forecast period.
Moreover, cost effective, environment-friendly, and high investment of government in the strengthening of EV plants drive the market for carbon-based battery packaging material. This is projected to boost the battery packaging for other segments in the coming years
Battery packaging market involves uses of raw materials such as, polypropylene-polyethylene copolymer, Polyethylene chloride (PVC (Polyvinyl Chloride)), propylene, and others which are derived from petrochemicals. The prices of petrochemicals are fluctuating due to their volatility, depletion of petroleum reserves, demand and supply gap, and other factors. This has hampered the growth of the global battery packaging market during the forecast period.
Rural electrification is the process of making electrical power accessible in rural or remote areas. Battery energy storage systems are effective for rural electrification. Various countries in the world are trying to develop their remote areas such as isolated rural areas and per-urban areas, especially in developing countries; and small islands separated from the national grids. As such, they require to have a reliable and uninterrupted power supply from renewable and conventional sources of energy that increases the overall system efficiency and ensures economic savings across the system life cycle. Installing battery energy storage systems in rural areas would serve businesses and local communities with a reliable and safe power supply. To protect the batteries and to get efficient & proper supply of power battery packages are widely used for [protection purposes. This is projected to enhance the demand for battery packaging market; thus, creating lucrative opportunities for the future.
The battery packaging market is segmented into material type, battery type, casing type, and region. On the basis of material type, the market is divided into all metals, plastics, and others. On the basis of battery type, the market is categorized into lithium ion, lead acid, nickel cadmium, and others. On the basis of casing type, it is classified into cylindrical, prismatic, coin, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The global battery packaging market profiles leading players that include Deutsche Post AG, EPEC LLC, NEFAB Group, Wellplast AB, schott, Sohner Kunststofftechnik GmbH, DS Smith Plc, heitkamp & thumann group, targray, and zarges gmbh. The global battery packaging market report provides in-depth competitive analysis as well as profiles of these major players.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the battery packaging market analysis from 2021 to 2031 to identify the prevailing battery packaging market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the battery packaging market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global battery packaging market trends, key players, market segments, application areas, and market growth Strategies.
Key Market Segments
By Material Type
- Metal
- Plastics
By Battery Type
- Lithium Ion
- Lead Acid
- Nickel Cadmium
By Casing type
- Cylindrical
- Prismatic
- Coin
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Deutsche Post AG
- zarges gmbh
- NEFAB Group
- EPEC LLC
- Wellplast AB
- schott
- Sohner Kunststofftechnik GmbH
- DS Smith Plc
- heitkamp & thumann group
- targray
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Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. High bargaining power of suppliers
3.3.2. High bargaining power of buyers
3.3.3. High threat of substitutes
3.3.4. High threat of new entrants
3.3.5. High intensity of rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Rapid expansion of electronics industry
3.4.1.2. Increase in the demand for battery packaging in residential sectors
3.4.2. Restraints
3.4.2.1. Fluctuations in the prices of raw material which in turn hinders the market growth
3.4.3. Opportunities
3.4.3.1. Surge in number of rural electrification projects worldwide
3.5. COVID-19 Impact Analysis on the market
3.6. Patent Landscape
3.7. Pricing Analysis
3.8. Regulatory Guidelines
3.9. Value Chain Analysis
CHAPTER 4: BATTERY PACKAGING MARKET, BY MATERIAL TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Metal
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Plastics
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Others
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
CHAPTER 5: BATTERY PACKAGING MARKET, BY BATTERY TYPE
5.1. Overview
5.1.1. Market size and forecast
5.2. Lithium Ion
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Lead Acid
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. Nickel Cadmium
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
5.5. Others
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market share analysis by country
CHAPTER 6: BATTERY PACKAGING MARKET, BY CASING TYPE
6.1. Overview
6.1.1. Market size and forecast
6.2. Cylindrical
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. Prismatic
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
6.4. Coin
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market share analysis by country
6.5. Others
6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, by region
6.5.3. Market share analysis by country
CHAPTER 7: BATTERY PACKAGING MARKET, BY REGION
7.1. Overview
7.1.1. Market size and forecast By Region
7.2. North America
7.2.1. Key trends and opportunities
7.2.2. Market size and forecast, by Material Type
7.2.3. Market size and forecast, by Battery Type
7.2.4. Market size and forecast, by Casing type
7.2.5. Market size and forecast, by country
7.2.5.1. U.S.
7.2.5.1.1. Key market trends, growth factors and opportunities
7.2.5.1.2. Market size and forecast, by Material Type
7.2.5.1.3. Market size and forecast, by Battery Type
7.2.5.1.4. Market size and forecast, by Casing type
7.2.5.2. Canada
7.2.5.2.1. Key market trends, growth factors and opportunities
7.2.5.2.2. Market size and forecast, by Material Type
7.2.5.2.3. Market size and forecast, by Battery Type
7.2.5.2.4. Market size and forecast, by Casing type
7.2.5.3. Mexico
7.2.5.3.1. Key market trends, growth factors and opportunities
7.2.5.3.2. Market size and forecast, by Material Type
7.2.5.3.3. Market size and forecast, by Battery Type
7.2.5.3.4. Market size and forecast, by Casing type
7.3. Europe
7.3.1. Key trends and opportunities
7.3.2. Market size and forecast, by Material Type
7.3.3. Market size and forecast, by Battery Type
7.3.4. Market size and forecast, by Casing type
7.3.5. Market size and forecast, by country
7.3.5.1. Germany
7.3.5.1.1. Key market trends, growth factors and opportunities
7.3.5.1.2. Market size and forecast, by Material Type
7.3.5.1.3. Market size and forecast, by Battery Type
7.3.5.1.4. Market size and forecast, by Casing type
7.3.5.2. UK
7.3.5.2.1. Key market trends, growth factors and opportunities
7.3.5.2.2. Market size and forecast, by Material Type
7.3.5.2.3. Market size and forecast, by Battery Type
7.3.5.2.4. Market size and forecast, by Casing type
7.3.5.3. France
7.3.5.3.1. Key market trends, growth factors and opportunities
7.3.5.3.2. Market size and forecast, by Material Type
7.3.5.3.3. Market size and forecast, by Battery Type
7.3.5.3.4. Market size and forecast, by Casing type
7.3.5.4. Spain
7.3.5.4.1. Key market trends, growth factors and opportunities
7.3.5.4.2. Market size and forecast, by Material Type
7.3.5.4.3. Market size and forecast, by Battery Type
7.3.5.4.4. Market size and forecast, by Casing type
7.3.5.5. Italy
7.3.5.5.1. Key market trends, growth factors and opportunities
7.3.5.5.2. Market size and forecast, by Material Type
7.3.5.5.3. Market size and forecast, by Battery Type
7.3.5.5.4. Market size and forecast, by Casing type
7.3.5.6. Rest of Europe
7.3.5.6.1. Key market trends, growth factors and opportunities
7.3.5.6.2. Market size and forecast, by Material Type
7.3.5.6.3. Market size and forecast, by Battery Type
7.3.5.6.4. Market size and forecast, by Casing type
7.4. Asia-Pacific
7.4.1. Key trends and opportunities
7.4.2. Market size and forecast, by Material Type
7.4.3. Market size and forecast, by Battery Type
7.4.4. Market size and forecast, by Casing type
7.4.5. Market size and forecast, by country
7.4.5.1. China
7.4.5.1.1. Key market trends, growth factors and opportunities
7.4.5.1.2. Market size and forecast, by Material Type
7.4.5.1.3. Market size and forecast, by Battery Type
7.4.5.1.4. Market size and forecast, by Casing type
7.4.5.2. India
7.4.5.2.1. Key market trends, growth factors and opportunities
7.4.5.2.2. Market size and forecast, by Material Type
7.4.5.2.3. Market size and forecast, by Battery Type
7.4.5.2.4. Market size and forecast, by Casing type
7.4.5.3. Japan
7.4.5.3.1. Key market trends, growth factors and opportunities
7.4.5.3.2. Market size and forecast, by Material Type
7.4.5.3.3. Market size and forecast, by Battery Type
7.4.5.3.4. Market size and forecast, by Casing type
7.4.5.4. South Korea
7.4.5.4.1. Key market trends, growth factors and opportunities
7.4.5.4.2. Market size and forecast, by Material Type
7.4.5.4.3. Market size and forecast, by Battery Type
7.4.5.4.4. Market size and forecast, by Casing type
7.4.5.5. Australia
7.4.5.5.1. Key market trends, growth factors and opportunities
7.4.5.5.2. Market size and forecast, by Material Type
7.4.5.5.3. Market size and forecast, by Battery Type
7.4.5.5.4. Market size and forecast, by Casing type
7.4.5.6. Rest of Asia-Pacific
7.4.5.6.1. Key market trends, growth factors and opportunities
7.4.5.6.2. Market size and forecast, by Material Type
7.4.5.6.3. Market size and forecast, by Battery Type
7.4.5.6.4. Market size and forecast, by Casing type
7.5. LAMEA
7.5.1. Key trends and opportunities
7.5.2. Market size and forecast, by Material Type
7.5.3. Market size and forecast, by Battery Type
7.5.4. Market size and forecast, by Casing type
7.5.5. Market size and forecast, by country
7.5.5.1. Brazil
7.5.5.1.1. Key market trends, growth factors and opportunities
7.5.5.1.2. Market size and forecast, by Material Type
7.5.5.1.3. Market size and forecast, by Battery Type
7.5.5.1.4. Market size and forecast, by Casing type
7.5.5.2. Saudi Arabia
7.5.5.2.1. Key market trends, growth factors and opportunities
7.5.5.2.2. Market size and forecast, by Material Type
7.5.5.2.3. Market size and forecast, by Battery Type
7.5.5.2.4. Market size and forecast, by Casing type
7.5.5.3. South Africa
7.5.5.3.1. Key market trends, growth factors and opportunities
7.5.5.3.2. Market size and forecast, by Material Type
7.5.5.3.3. Market size and forecast, by Battery Type
7.5.5.3.4. Market size and forecast, by Casing type
7.5.5.4. Rest of LAMEA
7.5.5.4.1. Key market trends, growth factors and opportunities
7.5.5.4.2. Market size and forecast, by Material Type
7.5.5.4.3. Market size and forecast, by Battery Type
7.5.5.4.4. Market size and forecast, by Casing type
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2021
CHAPTER 9: COMPANY PROFILES
9.1. Deutsche Post AG
9.1.1. Company overview
9.1.2. Key Executives
9.1.3. Company snapshot
9.1.4. Operating business segments
9.1.5. Product portfolio
9.1.6. Business performance
9.1.7. Key strategic moves and developments
9.2. zarges gmbh
9.2.1. Company overview
9.2.2. Key Executives
9.2.3. Company snapshot
9.2.4. Operating business segments
9.2.5. Product portfolio
9.2.6. Key strategic moves and developments
9.3. heitkamp & thumann group
9.3.1. Company overview
9.3.2. Key Executives
9.3.3. Company snapshot
9.3.4. Operating business segments
9.3.5. Product portfolio
9.4. DS Smith Plc
9.4.1. Company overview
9.4.2. Key Executives
9.4.3. Company snapshot
9.4.4. Operating business segments
9.4.5. Product portfolio
9.4.6. Business performance
9.5. targray
9.5.1. Company overview
9.5.2. Key Executives
9.5.3. Company snapshot
9.5.4. Operating business segments
9.5.5. Product portfolio
9.6. NEFAB Group
9.6.1. Company overview
9.6.2. Key Executives
9.6.3. Company snapshot
9.6.4. Operating business segments
9.6.5. Product portfolio
9.7. EPEC LLC
9.7.1. Company overview
9.7.2. Key Executives
9.7.3. Company snapshot
9.7.4. Operating business segments
9.7.5. Product portfolio
9.8. Wellplast AB
9.8.1. Company overview
9.8.2. Key Executives
9.8.3. Company snapshot
9.8.4. Operating business segments
9.8.5. Product portfolio
9.9. schott
9.9.1. Company overview
9.9.2. Key Executives
9.9.3. Company snapshot
9.9.4. Operating business segments
9.9.5. Product portfolio
9.10. Sohner Kunststofftechnik GmbH
9.10.1. Company overview
9.10.2. Key Executives
9.10.3. Company snapshot
9.10.4. Operating business segments
9.10.5. Product portfolio
List of Tables
Table 01. Global Battery Packaging Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 02. Global Battery Packaging Market, by Material Type, 2021-2031 (Volume, Kiloton)
Table 03. Battery Packaging Market for Metal, by Region, 2021-2031 (Revenue, $Million)
Table 04. Battery Packaging Market for Metal, by Region, 2021-2031 (Volume, Kiloton)
Table 05. Battery Packaging Market for Plastics, by Region, 2021-2031 (Revenue, $Million)
Table 06. Battery Packaging Market for Plastics, by Region, 2021-2031 (Volume, Kiloton)
Table 07. Battery Packaging Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 08. Battery Packaging Market for Others, by Region, 2021-2031 (Volume, Kiloton)
Table 09. Global Battery Packaging Market, by Battery Type, 2021-2031 (Revenue, $Million)
Table 10. Global Battery Packaging Market, by Battery Type, 2021-2031 (Volume, Kiloton)
Table 11. Battery Packaging Market for Lithium Ion, by Region, 2021-2031 (Revenue, $Million)
Table 12. Battery Packaging Market for Lithium Ion, by Region, 2021-2031 (Volume, Kiloton)
Table 13. Battery Packaging Market for Lead Acid, by Region, 2021-2031 (Revenue, $Million)
Table 14. Battery Packaging Market for Lead Acid, by Region, 2021-2031 (Volume, Kiloton)
Table 15. Battery Packaging Market for Nickel Cadmium, by Region, 2021-2031 (Revenue, $Million)
Table 16. Battery Packaging Market for Nickel Cadmium, by Region, 2021-2031 (Volume, Kiloton)
Table 17. Battery Packaging Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 18. Battery Packaging Market for Others, by Region, 2021-2031 (Volume, Kiloton)
Table 19. Global Battery Packaging Market, by Casing Type, 2021-2031 (Revenue, $Million)
Table 20. Global Battery Packaging Market, by Casing Type, 2021-2031 (Volume, Kiloton)
Table 21. Battery Packaging Market for Cylindrical, by Region, 2021-2031 (Revenue, $Million)
Table 22. Battery Packaging Market for Cylindrical, by Region, 2021-2031 (Volume, Kiloton)
Table 23. Battery Packaging Market for Prismatic, by Region, 2021-2031 (Revenue, $Million)
Table 24. Battery Packaging Market for Prismatic, by Region, 2021-2031 (Volume, Kiloton)
Table 25. Battery Packaging Market for Coin, by Region, 2021-2031 (Revenue, $Million)
Table 26. Battery Packaging Market for Coin, by Region, 2021-2031 (Volume, Kiloton)
Table 27. Battery Packaging Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 28. Battery Packaging Market for Others, by Region, 2021-2031 (Volume, Kiloton)
Table 29. Battery Packaging Market, by Region, 2021-2031 (Revenue, $Million)
Table 30. Battery Packaging Market, by Region, 2021-2031 (Volume, Kiloton)
Table 31. North America Battery Packaging Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 32. North America Battery Packaging Market, by Material Type, 2021-2031 (Volume, Kiloton)
Table 33. North America Battery Packaging Market, by Battery Type, 2021-2031 (Revenue, $Million)
Table 34. North America Battery Packaging Market, by Battery Type, 2021-2031 (Volume, Kiloton)
Table 35. North America Battery Packaging Market, by Casing Type, 2021-2031 (Revenue, $Million)
Table 36. North America Battery Packaging Market, by Casing Type, 2021-2031 (Volume, Kiloton)
Table 37. North America Battery Packaging Market, by Country, 2021-2031 (Revenue, $Million)
Table 38. North America Battery Packaging Market, by Country, 2021-2031 (Volume, Kiloton)
Table 39. U.S. Battery Packaging Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 40. U.S. Battery Packaging Market, by Material Type, 2021-2031 (Volume, Kiloton)
Table 41. U.S. Battery Packaging Market, by Battery Type, 2021-2031 (Revenue, $Million)
Table 42. U.S. Battery Packaging Market, by Battery Type, 2021-2031 (Volume, Kiloton)
Table 43. U.S. Battery Packaging Market, by Casing Type, 2021-2031 (Revenue, $Million)
Table 44. U.S. Battery Packaging Market, by Casing Type, 2021-2031 (Volume, Kiloton)
Table 45. Canada Battery Packaging Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 46. Canada Battery Packaging Market, by Material Type, 2021-2031 (Volume, Kiloton)
Table 47. Canada Battery Packaging Market, by Battery Type, 2021-2031 (Revenue, $Million)
Table 48. Canada Battery Packaging Market, by Battery Type, 2021-2031 (Volume, Kiloton)
Table 49. Canada Battery Packaging Market, by Casing Type, 2021-2031 (Revenue, $Million)
Table 50. Canada Battery Packaging Market, by Casing Type, 2021-2031 (Volume, Kiloton)
Table 51. Mexico Battery Packaging Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 52. Mexico Battery Packaging Market, by Material Type, 2021-2031 (Volume, Kiloton)
Table 53. Mexico Battery Packaging Market, by Battery Type, 2021-2031 (Revenue, $Million)
Table 54. Mexico Battery Packaging Market, by Battery Type, 2021-2031 (Volume, Kiloton)
Table 55. Mexico Battery Packaging Market, by Casing Type, 2021-2031 (Revenue, $Million)
Table 56. Mexico Battery Packaging Market, by Casing Type, 2021-2031 (Volume, Kiloton)
Table 57. Europe Battery Packaging Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 58. Europe Battery Packaging Market, by Material Type, 2021-2031 (Volume, Kiloton)
Table 59. Europe Battery Packaging Market, by Battery Type, 2021-2031 (Revenue, $Million)
Table 60. Europe Battery Packaging Market, by Battery Type, 2021-2031 (Volume, Kiloton)
Table 61. Europe Battery Packaging Market, by Casing Type, 2021-2031 (Revenue, $Million)
Table 62. Europe Battery Packaging Market, by Casing Type, 2021-2031 (Volume, Kiloton)
Table 63. Europe Battery Packaging Market, by Country, 2021-2031 (Revenue, $Million)
Table 64. Europe Battery Packaging Market, by Country, 2021-2031 (Volume, Kiloton)
Table 65. Germany Battery Packaging Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 66. Germany Battery Packaging Market, by Material Type, 2021-2031 (Volume, Kiloton)
Table 67. Germany Battery Packaging Market, by Battery Type, 2021-2031 (Revenue, $Million)
Table 68. Germany Battery Packaging Market, by Battery Type, 2021-2031 (Volume, Kiloton)
Table 69. Germany Battery Packaging Market, by Casing Type, 2021-2031 (Revenue, $Million)
Table 70. Germany Battery Packaging Market, by Casing Type, 2021-2031 (Volume, Kiloton)
Table 71. UK Battery Packaging Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 72. UK Battery Packaging Market, by Material Type, 2021-2031 (Volume, Kiloton)
Table 73. UK Battery Packaging Market, by Battery Type, 2021-2031 (Revenue, $Million)
Table 74. UK Battery Packaging Market, by Battery Type, 2021-2031 (Volume, Kiloton)
Table 75. UK Battery Packaging Market, by Casing Type, 2021-2031 (Revenue, $Million)
Table 76. UK Battery Packaging Market, by Casing Type, 2021-2031 (Volume, Kiloton)
Table 77. France Battery Packaging Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 78. France Battery Packaging Market, by Material Type, 2021-2031 (Volume, Kiloton)
Table 79. France Battery Packaging Market, by Battery Type, 2021-2031 (Revenue, $Million)
Table 80. France Battery Packaging Market, by Battery Type, 2021-2031 (Volume, Kiloton)
Table 81. France Battery Packaging Market, by Casing Type, 2021-2031 (Revenue, $Million)
Table 82. France Battery Packaging Market, by Casing Type, 2021-2031 (Volume, Kiloton)
Table 83. Spain Battery Packaging Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 84. Spain Battery Packaging Market, by Material Type, 2021-2031 (Volume, Kiloton)
Table 85. Spain Battery Packaging Market, by Battery Type, 2021-2031 (Revenue, $Million)
Table 86. Spain Battery Packaging Market, by Battery Type, 2021-2031 (Volume, Kiloton)
Table 87. Spain Battery Packaging Market, by Casing Type, 2021-2031 (Revenue, $Million)
Table 88. Spain Battery Packaging Market, by Casing Type, 2021-2031 (Volume, Kiloton)
Table 89. Italy Battery Packaging Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 90. Italy Battery Packaging Market, by Material Type, 2021-2031 (Volume, Kiloton)
Table 91. Italy Battery Packaging Market, by Battery Type, 2021-2031 (Revenue, $Million)
Table 92. Italy Battery Packaging Market, by Battery Type, 2021-2031 (Volume, Kiloton)
Table 93. Italy Battery Packaging Market, by Casing Type, 2021-2031 (Revenue, $Million)
Table 94. Italy Battery Packaging Market, by Casing Type, 2021-2031 (Volume, Kiloton)
Table 95. Rest of Europe Battery Packaging Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 96. Rest of Europe Battery Packaging Market, by Material Type, 2021-2031 (Volume, Kiloton)
Table 97. Rest of Europe Battery Packaging Market, by Battery Type, 2021-2031 (Revenue, $Million)
Table 98. Rest of Europe Battery Packaging Market, by Battery Type, 2021-2031 (Volume, Kiloton)
Table 99. Rest of Europe Battery Packaging Market, by Casing Type, 2021-2031 (Revenue, $Million)
Table 100. Rest of Europe Battery Packaging Market, by Casing Type, 2021-2031 (Volume, Kiloton)
Table 101. Asia-Pacific Battery Packaging Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 102. Asia-Pacific Battery Packaging Market, by Material Type, 2021-2031 (Volume, Kiloton)
Table 103. Asia-Pacific Battery Packaging Market, by Battery Type, 2021-2031 (Revenue, $Million)
Table 104. Asia-Pacific Battery Packaging Market, by Battery Type, 2021-2031 (Volume, Kiloton)
Table 105. Asia-Pacific Battery Packaging Market, by Casing Type, 2021-2031 (Revenue, $Million)
Table 106. Asia-Pacific Battery Packaging Market, by Casing Type, 2021-2031 (Volume, Kiloton)
Table 107. Asia-Pacific Battery Packaging Market, by Country, 2021-2031 (Revenue, $Million)
Table 108. Asia-Pacific Battery Packaging Market, by Country, 2021-2031 (Volume, Kiloton)
Table 109. China Battery Packaging Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 110. China Battery Packaging Market, by Material Type, 2021-2031 (Volume, Kiloton)
Table 111. China Battery Packaging Market, by Battery Type, 2021-2031 (Revenue, $Million)
Table 112. China Battery Packaging Market, by Battery Type, 2021-2031 (Volume, Kiloton)
Table 113. China Battery Packaging Market, by Casing Type, 2021-2031 (Revenue, $Million)
Table 114. China Battery Packaging Market, by Casing Type, 2021-2031 (Volume, Kiloton)
Table 115. India Battery Packaging Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 116. India Battery Packaging Market, by Material Type, 2021-2031 (Volume, Kiloton)
Table 117. India Battery Packaging Market, by Battery Type, 2021-2031 (Revenue, $Million)
Table 118. India Battery Packaging Market, by Battery Type, 2021-2031 (Volume, Kiloton)
Table 119. India Battery Packaging Market, by Casing Type, 2021-2031 (Revenue, $Million)
Table 120. India Battery Packaging Market, by Casing Type, 2021-2031 (Volume, Kiloton)
Table 121. Japan Battery Packaging Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 122. Japan Battery Packaging Market, by Material Type, 2021-2031 (Volume, Kiloton)
Table 123. Japan Battery Packaging Market, by Battery Type, 2021-2031 (Revenue, $Million)
Table 124. Japan Battery Packaging Market, by Battery Type, 2021-2031 (Volume, Kiloton)
Table 125. Japan Battery Packaging Market, by Casing Type, 2021-2031 (Revenue, $Million)
Table 126. Japan Battery Packaging Market, by Casing Type, 2021-2031 (Volume, Kiloton)
Table 127. South Korea Battery Packaging Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 128. South Korea Battery Packaging Market, by Material Type, 2021-2031 (Volume, Kiloton)
Table 129. South Korea Battery Packaging Market, by Battery Type, 2021-2031 (Revenue, $Million)
Table 130. South Korea Battery Packaging Market, by Battery Type, 2021-2031 (Volume, Kiloton)
Table 131. South Korea Battery Packaging Market, by Casing Type, 2021-2031 (Revenue, $Million)
Table 132. South Korea Battery Packaging Market, by Casing Type, 2021-2031 (Volume, Kiloton)
Table 133. Australia Battery Packaging Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 134. Australia Battery Packaging Market, by Material Type, 2021-2031 (Volume, Kiloton)
Table 135. Australia Battery Packaging Market, by Battery Type, 2021-2031 (Revenue, $Million)
Table 136. Australia Battery Packaging Market, by Battery Type, 2021-2031 (Volume, Kiloton)
Table 137. Australia Battery Packaging Market, by Casing Type, 2021-2031 (Revenue, $Million)
Table 138. Australia Battery Packaging Market, by Casing Type, 2021-2031 (Volume, Kiloton)
Table 139. Rest of Asia-Pacific Battery Packaging Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 140. Rest of Asia-Pacific Battery Packaging Market, by Material Type, 2021-2031 (Volume, Kiloton)
Table 141. Rest of Asia-Pacific Battery Packaging Market, by Battery Type, 2021-2031 (Revenue, $Million)
Table 142. Rest of Asia-Pacific Battery Packaging Market, by Battery Type, 2021-2031 (Volume, Kiloton)
Table 143. Rest of Asia-Pacific Battery Packaging Market, by Casing Type, 2021-2031 (Revenue, $Million)
Table 144. Rest of Asia-Pacific Battery Packaging Market, by Casing Type, 2021-2031 (Volume, Kiloton)
Table 145. LAMEA Battery Packaging Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 146. LAMEA Battery Packaging Market, by Material Type, 2021-2031 (Volume, Kiloton)
Table 147. LAMEA Battery Packaging Market, by Battery Type, 2021-2031 (Revenue, $Million)
Table 148. LAMEA Battery Packaging Market, by Battery Type, 2021-2031 (Volume, Kiloton)
Table 149. LAMEA Battery Packaging Market, by Casing Type, 2021-2031 (Revenue, $Million)
Table 150. LAMEA Battery Packaging Market, by Casing Type, 2021-2031 (Volume, Kiloton)
Table 151. LAMEA Battery Packaging Market, by Country, 2021-2031 (Revenue, $Million)
Table 152. LAMEA Battery Packaging Market, by Country, 2021-2031 (Volume, Kiloton)
Table 153. Brazil Battery Packaging Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 154. Brazil Battery Packaging Market, by Material Type, 2021-2031 (Volume, Kiloton)
Table 155. Brazil Battery Packaging Market, by Battery Type, 2021-2031 (Revenue, $Million)
Table 156. Brazil Battery Packaging Market, by Battery Type, 2021-2031 (Volume, Kiloton)
Table 157. Brazil Battery Packaging Market, by Casing Type, 2021-2031 (Revenue, $Million)
Table 158. Brazil Battery Packaging Market, by Casing Type, 2021-2031 (Volume, Kiloton)
Table 159. Saudi Arabia Battery Packaging Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 160. Saudi Arabia Battery Packaging Market, by Material Type, 2021-2031 (Volume, Kiloton)
Table 161. Saudi Arabia Battery Packaging Market, by Battery Type, 2021-2031 (Revenue, $Million)
Table 162. Saudi Arabia Battery Packaging Market, by Battery Type, 2021-2031 (Volume, Kiloton)
Table 163. Saudi Arabia Battery Packaging Market, by Casing Type, 2021-2031 (Revenue, $Million)
Table 164. Saudi Arabia Battery Packaging Market, by Casing Type, 2021-2031 (Volume, Kiloton)
Table 165. South Africa Battery Packaging Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 166. South Africa Battery Packaging Market, by Material Type, 2021-2031 (Volume, Kiloton)
Table 167. South Africa Battery Packaging Market, by Battery Type, 2021-2031 (Revenue, $Million)
Table 168. South Africa Battery Packaging Market, by Battery Type, 2021-2031 (Volume, Kiloton)
Table 169. South Africa Battery Packaging Market, by Casing Type, 2021-2031 (Revenue, $Million)
Table 170. South Africa Battery Packaging Market, by Casing Type, 2021-2031 (Volume, Kiloton)
Table 171. Rest of LAMEA Battery Packaging Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 172. Rest of LAMEA Battery Packaging Market, by Material Type, 2021-2031 (Volume, Kiloton)
Table 173. Rest of LAMEA Battery Packaging Market, by Battery Type, 2021-2031 (Revenue, $Million)
Table 174. Rest of LAMEA Battery Packaging Market, by Battery Type, 2021-2031 (Volume, Kiloton)
Table 175. Rest of LAMEA Battery Packaging Market, by Casing Type, 2021-2031 (Revenue, $Million)
Table 176. Rest of LAMEA Battery Packaging Market, by Casing Type, 2021-2031 (Volume, Kiloton)
Table 177. Deutsche Post AG: Key Executives
Table 178. Deutsche Post AG: Company Snapshot
Table 179. Deutsche Post AG: Service Segments
Table 180. Deutsche Post AG: Product Portfolio
Table 181. Deutsche Post AG: Key Strategies
Table 182. Zarges GmbH: Key Executives
Table 183. Zarges GmbH: Company Snapshot
Table 184. Zarges GmbH: Product Segments
Table 185. Zarges GmbH: Product Portfolio
Table 186. Zarges GmbH: Key Strategies
Table 187. Heitkamp & Thumann Group: Key Executives
Table 188. Heitkamp & Thumann Group: Company Snapshot
Table 189. Heitkamp & Thumann Group: Product Segments
Table 190. Heitkamp & Thumann Group: Product Portfolio
Table 191. Ds Smith PLC: Key Executives
Table 192. Ds Smith PLC: Company Snapshot
Table 193. Ds Smith PLC: Product Segments
Table 194. Ds Smith PLC: Product Portfolio
Table 195. Targray: Key Executives
Table 196. Targray: Company Snapshot
Table 197. Targray: Product Segments
Table 198. Targray: Product Portfolio
Table 199. Nefab Group: Key Executives
Table 200. Nefab Group: Company Snapshot
Table 201. Nefab Group: Product Segments
Table 202. Nefab Group: Product Portfolio
Table 203. Epec LLC: Key Executives
Table 204. Epec LLC: Company Snapshot
Table 205. Epec LLC: Product Segments
Table 206. Epec LLC: Product Portfolio
Table 207. Wellplast Ab: Key Executives
Table 208. Wellplast Ab: Company Snapshot
Table 209. Wellplast Ab: Product Segments
Table 210. Wellplast Ab: Product Portfolio
Table 211. Schott: Key Executives
Table 212. Schott: Company Snapshot
Table 213. Schott: Product Segments
Table 214. Schott: Product Portfolio
Table 215. Sohner Kunststofftechnik GmbH: Key Executives
Table 216. Sohner Kunststofftechnik GmbH: Company Snapshot
Table 217. Sohner Kunststofftechnik GmbH: Product Segments
Table 218. Sohner Kunststofftechnik GmbH: Product Portfolio
List of Figures
Figure 01. Battery Packaging Market, 2021-2031
Figure 02. Segmentation of Battery Packaging Market, 2021-2031
Figure 03. Top Investment Pockets in Battery Packaging Market (2022-2031)
Figure 04. High Bargaining Power of Suppliers
Figure 05. High Bargaining Power of Buyers
Figure 06. High Threat of Substitutes
Figure 07. High Threat of New Entrants
Figure 08. High Intensity of Rivalry
Figure 09. Drivers, Restraints and Opportunities: Globalbattery Packaging Market
Figure 10. Patent Analysis by Company
Figure 11. Patent Analysis by Country
Figure 12. Pricing Analysis: Battery Packaging Market 2021 and 2031
Figure 13. Regulatory Guidelines: Battery Packaging Market
Figure 14. Value Chain Analysis: Battery Packaging Market
Figure 15. Battery Packaging Market, by Material Type, 2021(%)
Figure 16. Comparative Share Analysis of Battery Packaging Market for Metal, by Country 2021-2031(%)
Figure 17. Comparative Share Analysis of Battery Packaging Market for Plastics, by Country 2021-2031(%)
Figure 18. Comparative Share Analysis of Battery Packaging Market for Others, by Country 2021-2031(%)
Figure 19. Battery Packaging Market, by Battery Type, 2021(%)
Figure 20. Comparative Share Analysis of Battery Packaging Market for Lithium Ion, by Country 2021-2031(%)
Figure 21. Comparative Share Analysis of Battery Packaging Market for Lead Acid, by Country 2021-2031(%)
Figure 22. Comparative Share Analysis of Battery Packaging Market for Nickel Cadmium, by Country 2021-2031(%)
Figure 23. Comparative Share Analysis of Battery Packaging Market for Others, by Country 2021-2031(%)
Figure 24. Battery Packaging Market, by Casing Type, 2021(%)
Figure 25. Comparative Share Analysis of Battery Packaging Market for Cylindrical, by Country 2021-2031(%)
Figure 26. Comparative Share Analysis of Battery Packaging Market for Prismatic, by Country 2021-2031(%)
Figure 27. Comparative Share Analysis of Battery Packaging Market for Coin, by Country 2021-2031(%)
Figure 28. Comparative Share Analysis of Battery Packaging Market for Others, by Country 2021-2031(%)
Figure 29. Battery Packaging Market by Region, 2021
Figure 30. U.S. Battery Packaging Market, 2021-2031 ($Million)
Figure 31. Canada Battery Packaging Market, 2021-2031 ($Million)
Figure 32. Mexico Battery Packaging Market, 2021-2031 ($Million)
Figure 33. Germany Battery Packaging Market, 2021-2031 ($Million)
Figure 34. UK Battery Packaging Market, 2021-2031 ($Million)
Figure 35. France Battery Packaging Market, 2021-2031 ($Million)
Figure 36. Spain Battery Packaging Market, 2021-2031 ($Million)
Figure 37. Italy Battery Packaging Market, 2021-2031 ($Million)
Figure 38. Rest of Europe Battery Packaging Market, 2021-2031 ($Million)
Figure 39. China Battery Packaging Market, 2021-2031 ($Million)
Figure 40. India Battery Packaging Market, 2021-2031 ($Million)
Figure 41. Japan Battery Packaging Market, 2021-2031 ($Million)
Figure 42. South Korea Battery Packaging Market, 2021-2031 ($Million)
Figure 43. Australia Battery Packaging Market, 2021-2031 ($Million)
Figure 44. Rest of Asia-Pacific Battery Packaging Market, 2021-2031 ($Million)
Figure 45. Brazil Battery Packaging Market, 2021-2031 ($Million)
Figure 46. Saudi Arabia Battery Packaging Market, 2021-2031 ($Million)
Figure 47. South Africa Battery Packaging Market, 2021-2031 ($Million)
Figure 48. Rest of LAMEA Battery Packaging Market, 2021-2031 ($Million)
Figure 49. Top Winning Strategies, by Year
Figure 50. Top Winning Strategies, by Development
Figure 51. Top Winning Strategies, by Company
Figure 52. Product Mapping of Top 10 Players
Figure 53. Competitive Dashboard
Figure 54. Competitive Heatmap: Battery Packaging Market
Figure 55. Top Player Positioning, 2021
Figure 56. Deutsche Post AG: Net Sales, 2019-2021 ($Million)
Figure 57. Deutsche Post AG: Revenue Share by Segment, 2021 (%)
Figure 58. Deutsche Post AG: Revenue Share by Region, 2021 (%)
Figure 59. Ds Smith PLC: Net Sales, 2020-2022 ($Million)
Figure 60. Ds Smith PLC: Revenue Share by Region, 2022 (%)
Figure 61. Ds Smith PLC: Revenue Share by Segment, 2022 (%)
Executive Summary
According to the report titled, 'Battery Packaging Market,' the battery packaging market was valued at $24.5 billion in 2021, and is estimated to reach $61.5 billion by 2031, growing at a CAGR of 9.7% from 2022 to 2031.Battery packaging is the process of safeguarding batteries such as lithium-ion, lead acid, flow battery, and others for protection purposes. In addition, cell packaging designs and their combinations in modules and battery packs are offered in a vast variety, for primary and secondary batteries. Packaging of batteries reduces any leakage of chemical substances and protects from unexpected wear and tear. Battery packaging has a wide range of applications in automotive, industrial, electronics, battery packaging battery, and others.
Increase in awareness about climate change, emergence of innovative technology & business module, and surge in demand for energy has enhanced the performance of battery packaging in residential utility sectors. According to a report published by U.S. Energy Information Admission (EIA) in August 2021, 41% of 402 MW of existing small-scale storage power capacity in the United States are installed in the residential. In addition, lithium-ion batteries are also installed in residential sectors for energy storage purposes where it requires protection circuitry against overcharging and discharging which in turn surges the demand for lithium-ion battery packaging material. It protects the lithium-ion batteries from overheating and maintains the power level within the design envelope. These factors are anticipated to enhance the growth of the battery packaging market in the residential sector.
There are several rules and regulations that are set up to safeguard the use of battery packaging in automotive, electrical, residential, building infrastructure, commercial, and other end-use sectors. For instance, in the United States, IATA (International Air Transport Association) Lithium Battery Guidance Document - 2020 states that lithium-ion batteries are packed by themselves (Packing Instruction 965) (not contained in or packed with equipment). This factor is projected to restrain the global battery packaging market during the forecast period.
On the contrary, the efficiency of the lead acid battery can be up to 85% whereas, for lithium-ion, it can be up to 95%. It is effective to generate maximum power for commercial and industrial applications. However, the high product cost and protection circuitry cost of lithium-ion batteries is a big challenge for residential and small-scale applications. Unlike other batteries, lithium-ion batteries require circuitry protection against overcharging and discharging. Lithium-ion batteries are preferred over other types of batteries, owing to their low weight (50-60% less weight than lead-acid equivalent). This may anticipate increasing demand for battery packaging material for lithium ion battery; thus, creating lucrative opportunities for the market.
The battery packaging market is segmented into material type, battery type, casing type, and region. On the basis of material type, the market is divided into all metals, plastics, and others. On the basis of battery type, the market is categorized into lithium ion, lead acid, nickel cadmium, and others. On the basis of casing type, it is classified into cylindrical, prismatic, coin, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The global battery packaging market profiles leading players that include Deutsche Post AG, EPEC LLC, NEFAB Group, Wellplast AB, schott, Sohner Kunststofftechnik GmbH, DS Smith Plc, heitkamp & thumann group, targray, and zarges gmbh. The global battery packaging market report provides in-depth competitive analysis as well as profiles of these major players.
COVID-19 Impact Analysis:
The global battery packaging market is negatively impacted due to the wake of COVID-19. The imposition of strict lockdown and a decrease in the potential sale of the automotive and electronics industry has impacted the market.
However, building & construction, solar electricity, hydropower generation projects, and transportation activities are projected to get back on track and start functioning at full capacity post the COVID-19 period, which in turn may enhance the performance of the battery packaging market in 2022. Such developments are expected to provide new market opportunities for the global battery packaging market in the post-COVID-19 period.
Key Findings:
On the basis of material type, the battery packaging market is categorized into metal, plastic, and others. metal is projected to be the fastest-growing segment and accounted for 54% of major share in 2021.On the basis of battery type, the battery packaging market is categorized lithium ion, lead acid, nickel cadmium, and others. The lithium ion battery type segment dominated the global market, in terms of revenue in 2021, with 48% of the total share in 2021.
On the basis of casing type, the battery packaging market is categorized into cylindrical, prismatic, coin, and others. Cylindrical segment dominated the global market, with 43% of the total share in 2021.
Region-wise, Asia-Pacific is projected to register robust growth during the forecast period and growing at CAGR of 10.0% from 2022-2031.
Companies Mentioned
- Deutsche Post AG
- zarges gmbh
- NEFAB Group
- EPEC LLC
- Wellplast AB
- schott
- Sohner Kunststofftechnik GmbH
- DS Smith Plc
- heitkamp & thumann group
- targray
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 509 |
| Published | January 2023 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 24.5 billion |
| Forecasted Market Value ( USD | $ 61.5 billion |
| Compound Annual Growth Rate | 9.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
