Powering up with Battery Packaging!

Global Battery Packaging Market to reach USD 45.5 billion by 2025. Global Battery Packaging Market valued approximately USD 18.4 billion in 2017 is anticipated to grow with a healthy growth rate of more than 12.0% over the forecast period 2018-2025. The Battery Packaging market is developing and expanding at a significant pace. In the present scenario adoption of batteries is rapidly increasing thus raising the market shares of battery packaging market during the forecast period. Increasing demand of batteries owing to their benefits offered preferably by automotive, consumer electronics and energy sector is primarily driving the market towards high CAGR. In addition, rising environmental concerns to reduce the level of greenhouse gas emission is major factor fueling the market growth. However, the inefficiency of sustainable technologies and higher cost restricts the adoption rate to some extent hampering the market growth. Battery Packaging market Segmentation :...