Global Battery Packaging Market to Reach $91.6 Billion by 2030
The global market for Battery Packaging estimated at US$44.2 Billion in the year 2023, is expected to reach US$91.6 Billion by 2030, growing at a CAGR of 11% over the period 2023-2030. Li-Ion Battery Packaging, one of the segments analyzed in the report, is expected to record 11.5% CAGR and reach US$63.2 Billion by the end of the analysis period. Growth in the Lead Acid Battery Packaging segment is estimated at 9.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $11.5 Billion, While China is Forecast to Grow at 14.6% CAGR
The Battery Packaging market in the U.S. is estimated at US$11.5 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$21.7 Billion by the year 2030 trailing a CAGR of 14.6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.4% and 9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 8.4% CAGR.
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