Plastic Battery Container Market Growth, Size, Trends, Revenue, Challenges and Future Competition
Plastic Battery Container Market Size- By Battery, By Resin, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jul-2023 | Report ID: CHEM2380 | Pages: 1 - 247 | Formats*: |
| Category : Chemical & Materials | |||
Plastic Battery Container Market Introduction and Overview
According to SPER Market Research, the Global Plastic Battery Container Market is estimated to reach USD 35.37 billion by 2033 with a CAGR of 6.9%.
The report includes an in-depth analysis of the Global Plastic Battery Container Market, including market size and trends, product mix, distribution channels, and supplier analysis. A plastic battery container is a battery holder made from molded plastic, designed to be a single integrated unit. Typically, these containers have internal partitions that are integral to the base and side walls of the holder, extending all the way to the top edge to prevent any liquid leakage between adjacent cells. The compartments are usually formed as a single cohesive design in a single molding process, with the mold defining the interior spaces that create the various parts.
- The increasing global adoption of electric vehicles is expected to boost the demand for plastic battery container in the foreseeable future.
- The industry has been significantly affected by the Covid-19 pandemic and the Russia-Ukraine war, leading to widespread disruptions in global supply chains.
- May 2022: LG Chem introduced an advanced plastic material to prevent battery thermal runaway.
Market Opportunities and Challenges
Numerous potential prospects are presented by the global plastic battery container industry. The rising need for batteries across a range of markets, including electric vehicles, consumer electronics, renewable energy storage, and industrial machinery, is one of the main factors. The demand for dependable and effective battery containers manufactured of plastic will increase as these industries continue to grow. Additionally, improvements in plastic moulding techniques enable the fabrication of creative, lightweight forms that can meet certain battery needs. More people are looking for customizable containers with increased safety features, better thermal management, and better sealing abilities.
The market for plastic battery containers confronts certain obstacles despite the encouraging potential. Price fluctuations for raw materials, particularly polymers made from petroleum, can affect production costs and profit margins. The ongoing environmental worries about plastic trash and its effects on ecosystems may result in more restrictions and customer demands for sustainable substitutes, which may have an influence on the sales of conventional plastic containers. The market share of plastic containers is also threatened by competition from substitute materials like metal, composites, or hybrid products. These substitute materials might provide better performance qualities or advantages in terms of recycling.
Market Competitive Landscape
Major companies use a variety of methods, including product development, strategic partnerships, mergers and acquisitions, and joint ventures, to achieve vertical integration and reduce operating costs for higher profit margins in the competitive and fragmented global plastic battery container market. For example, in May 2022, LG Chem introduced an advanced plastic material to prevent battery thermal runaway. Key companies also focus on organic and inorganic growth strategies to diversify their product offerings and strengthen their market presence. The following companies are well-known suppliers of plastic battery containers: AkumsanDesigned, Biasin Srl, Kdpolymers, LyondellBasell Industries Holdings B.V., Sanatan, SGL Carbon,TIRTH POLYMERS PVT. LTD., VIKING PLASTICS, Xiamen Tmax Battery Equipments Limited, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Battery, By Resin, By End User |
| Regions covered | Asia-Pacific, Middle East and Africa, Europe, North America, Latin America |
| Companies Covered | AkumsanDesigned, Biasin Srl, Kdpolymers, LyondellBasell Industries Holdings B.V., Sanatan, SGL Carbon,TIRTH POLYMERS PVT. LTD., VIKING PLASTICS, Xiamen Tmax Battery Equipments Limited, Others |
COVID-19 Impact on Global Plastic Battery Container Market
The global market for plastic battery containers was significantly impacted by the COVID-19 outbreak. Government lockdowns and limitations affected manufacturing and industrial operations, which presented problems for the supply chain. Significant customers of battery containers in the automotive and electronics industries experienced a reduction in demand. Additionally, logistical challenges hampered the prompt delivery of goods, delaying projects and investments. The pandemic's spike in demand for medical supplies and gadgets did, however, present some compensating opportunities. The market is anticipated to experience a comeback as the world gradually recovers from the epidemic, spurred by the rising usage of electric vehicles and renewable energy sources.
Key Target Audience
- Automotive Industry
- Battery Manufacturers
- Electronics Manufacturers
- Energy Storage Solutions
- Military and Defense
- Recycling and Waste Management
- Renewable Energy Sector
- Retail and Consumers
- Others
Our in-depth analysis of the Plastic Battery Container Market includes the following segments:
| By Battery: |
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| By Resin: |
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| By End User: |
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Key Topics Covered in the Report
- Global Plastic Battery Container Market Size (FY’2023-FY’2033)
- Overview of Global Plastic Battery Container Market
- Segmentation of Global Plastic Battery Container Market By Battery (Lead Acid, Lithium Ion, Others)
- Segmentation of Global Plastic Battery Container Market By Resin (Acrylonitrile Butadiene Styrene, Polypropylene, Others)
- Segmentation of Global Plastic Battery Container Market By End User (Automotive, Consumer Electronics, Industrial)
- Statistical Snap of Global Plastic Battery Container Market
- Expansion Analysis of Global Plastic Battery Container Market
- Problems and Obstacles in Global Plastic Battery Container Market
- Competitive Landscape in the Global Plastic Battery Container Market
- Impact of COVID-19 and Demonetization on Global Plastic Battery Container Market
- Details on Current Investment in Global Plastic Battery Container Market
- Competitive Analysis of Global Plastic Battery Container Market
- Prominent Players in the Global Plastic Battery Container Market
- SWOT Analysis of Global Plastic Battery Container Market
- Global Plastic Battery Container Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Plastic Battery Container Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Plastic Battery Container Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Plastic Battery Container Market
7. Global Plastic Battery Container Market, By Battery (USD Million)
7.1. Global Plastic Battery Container Market Value Share and Forecast, By Battery, 2023-20337.2. Lead Acid7.3. Lithium Ion7.4. Others
8. Global Plastic Battery Container Market, By Resin (USD Million)
8.1. Global Plastic Battery Container Market Value Share and Forecast, By Resin, 2023-20338.2. Acrylonitrile Butadiene Styrene (ABS)8.3. Polypropylene (PE)8.4. Others
9. Global Plastic Battery Container Market, By End User (USD Million)
9.1. Global Plastic Battery Container Market Value Share and Forecast, By End User, 2023-20339.2. Automotive9.3. Consumer Electronics9.4. Industrial
10. Global Plastic Battery Container Market Forecast, 2019-2033 (USD Million)
10.1. Global Plastic Battery Container Market Size and Market Share
11. Global Plastic Battery Container Market, By Battery, 2019-2033 (USD Million)
11.1. Global Plastic Battery Container Market Size and Market Share By Battery (2019-2026)11.2. Global Plastic Battery Container Market Size and Market Share By Battery (2027-2033)
12. Global Plastic Battery Container Market, By Resin, 2019-2033 (USD Million)
12.1. Global Plastic Battery Container Market Size and Market Share By Resin (2019-2026)12.2. Global Plastic Battery Container Market Size and Market Share By Resin (2027-2033)
13. Global Plastic Battery Container Market, By End User, 2019-2033 (USD Million)
13.1. Global Plastic Battery Container Market Size and Market Share By End User (2019-2026)13.2. Global Plastic Battery Container Market Size and Market Share By End User (2027-2033)
14. Global Plastic Battery Container Market, By Region, 2019-2033 (USD Million)
14.1. Global Plastic Battery Container Market Size and Market Share By Region (2019-2026)14.2. Global Plastic Battery Container Market Size and Market Share By Region (2027-2033)14.3. Asia-Pacific
14.3.1. Australia14.3.2. China14.3.3. India14.3.4. Japan14.3.5. South Korea14.3.6. Rest of Asia-Pacific
14.4. Europe
14.4.1. France14.4.2. Germany14.4.3. Italy14.4.4. Spain14.4.5. United Kingdom14.4.6. Rest of Europe
14.5. Middle East and Africa
14.5.1. Kingdom of Saudi Arabia14.5.2. United Arab Emirates14.5.3. Rest of Middle East & Africa
14.6. North America
14.6.1. Canada14.6.2. Mexico14.6.3. United States
14.7. Latin America
14.7.1. Argentina14.7.2. Brazil14.7.3. Rest of Latin America
15. Company Profile
15.1. AkumsanDesigned
15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments
15.2. Biasin Srl
15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments
15.3. Kdpolymers
15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments
15.4. LyondellBasell Industries Holdings B.V..
15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments
15.5. Sanatan
15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments
15.6. SGL Carbon
15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments
15.7. TIRTH POLYMERS PVT. LTD.
15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments
15.8. VIKING PLASTICS
15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments
15.9. Xiamen Tmax Battery Equipments Limited
15.9.1. Company details15.9.2. Financial outlook15.9.3. Product summary15.9.4. Recent developments
15.10. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Plastic Battery Container Market is projected to reach USD 35.37 billion by 2033, growing at a CAGR of 6.9% during the forecast period.
Plastic Battery Container Market grew in market size from 2022. The Market is expected to reach USD 35.37 billion by 2033, at a CAGR of 6.9% during the forecast period.
Plastic Battery Container Market CAGR of 6.9% during the forecast period.
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Plastic Battery Container Market size is USD 35.37 billion from 2023 to 2033.
Plastic Battery Container Market Segment is covered By Battery, By Resin, By End User.
The North America is anticipated to have the highest market share in the Plastic Battery Container Market.
The key players in the market include Companies Covered AkumsanDesigned, Biasin Srl, Kdpolymers, LyondellBasell Industries Holdings B.V., Sanatan, SGL Carbon,TIRTH POLYMERS PVT. LTD., VIKING PLASTICS, Xiamen Tmax Battery Equipments Limited, Others.
A plastic battery container is a battery holder made from molded plastic, designed to be a single integrated unit. Typically, these containers have internal partitions that are integral to the base and side walls of the holder, extending all the way to the top edge to prevent any liquid leakage between adjacent cells.
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