Battery Packaging Market Analysis

The battery packaging market is segmented by battery type into lithium-ion and lead-acid, out of which, lithium-ion battery segment is anticipated to hold the largest market share on the back of rising demand for energy storage applications across consumers, for instance, e-bikes, e-vehicles, smartphones, laptops and other electrical consumer goods. Additionally, increasing use of lithium-ion battery in an immense range of daily use products on the back of rising technological advancements is anticipated to raise the demand for increase in packaging of the battery type in the coming years. Moreover, the global lithium-ion battery market is anticipated to record a CAGR of 16.2% over the forecast period 2018-2027 and is expected to reach a market value of USD 72.3 billion by 2027. According to the Consumer Survey statistical report for the month of December 2018 by Statistics Finland, mobile phone contributed to the largest share of equipment (98.9%) that prevailed in households in Finland during the month of November 2018.

Our in-depth analysis of the global battery packaging market includes the following segments: