Battery packaging materials market is expected to grow exponentially over the forthcoming time period owing to high demand from the automotive, electric vehicle, and the consumer electronics industries. A wide range of packaging and boxes are used worldwide to ship batteries and electronic based components. Batteries, particularly vehicle batteries like Li-ion batteries are considered as dangerous goods, which is why the packaging material used must be UN-certified.

The primary purpose of any enterprise is to sell the goods that are in good condition to the customers, as the right quality of goods leads to loyalty as well as customer satisfaction. Improper packaging of goods, when coupled with the uncertainties that are faced during transportation could lead to damage of the goods.

There have been several instances in the industry where improper packaging and storage of lithium batteries has led to accidents, which include truck fires, consumer injuries, retail establishment fires, and waste facility fires.

There are certain factors that determine the packaging of the battery. First being the state of the battery, whether it is a tested series battery, damaged or defective battery, a prototype, or a waste battery packaged for recycling or disposal. The second factor is the weight, which is often a significant factor. The third factor is how the battery is being transported. Often there are different regulations for whether a battery is to be transported by train, air, road, or sea.

Packaging of a battery plays an essential role in the effective functioning of the batteries, especially when it comes to electric vehicles, primarily by keeping them durable, dependable, and safe. Most of the companies use plastic based materials like polycarbonate that are tough enough to meet the customer’s battery packaging requirements.

Battery packaging materials market is bifurcated in terms of battery type, packaging material, packaging cases and regional landscape.

Based on battery type, the market is categorized into nickel cadmium, lithium ion, nickel metal hydride, and lead acid. Among these, the nickel metal hydride battery segment will grow with a CAGR of 5.6% over the projected timeframe.

With respect to packaging materials, the market is segmented into cardboard, plastics, foam, and wood. Among these, revenue for foam packaging materials was over $1 billion in 2019 and it is expected to maintain its growth trend over the upcoming years.

From a regional frame of reference, the LATAM battery packaging materials market held a volume share of over 7% in 2019, and is slated to witness appreciative growth during the forecast timeframe. Middle East & Africa battery packaging materials growth rate is expected to be over 2.5% during the forecast time period.