Disposable Batteries Market

Disposable Batteries Market Size Analysis

According to a research survey conducted by ChemView Consulting, in 2022, the Global Disposable Batteries Market was worth US$ 10,900.0 Mn and is expected to grow at a CAGR of 5.1% over the forecast period. The market is expected to hit US$ 18,000.0 Mn by 2032 end.

Disposable batteries turn electrical energy from chemical energy that has been saved. Because the chemical processes in throwaway batteries are irreversible, they are not rechargeable. When the battery’s supply of reactants runs out, disposable batteries stop generating current. For portable devices, disposable batteries work well.

The global market for disposable batteries has grown due to the enormous rise in the usage of electronic devices in recent years. The use of these batteries in various consumer electronics products is in considerable demand.

Market participants are significantly putting money into disposable battery R&D to create more sophisticated and environmentally friendly batteries.

Market Dynamic

EXTENSIVE APPLICATIONS IN ELECTRONIC GADGETS FUEL THE MARKET FOR DISPOSABLE BATTERIES

The market for disposable batteries has expanded tremendously worldwide. It is because commonplace products like wall clocks, radios, toys, and remote controls use it. The need for disposable batteries has increased worldwide due to the increasing use of smart gadgets in recent years. The industry is anticipated to expand quickly over the coming years.

Their extended lifespan is largely driving the expansion of the global market for disposable batteries. Because disposable batteries are less expensive than rechargeable batteries, consumers prefer them. Rechargeable batteries are substantially more costly since they may be recharged several times. Reduced disposable battery prices are anticipated to drive the disposable battery market throughout the projected period.

STRINGENT GOVERNMENTAL REGULATIONS  & ENVIRONMENTAL CONCERNS HAMPER THE MARKET GROWTH

The worldwide market for disposable batteries is anticipated to see restraint over the projected period due to rising environmental consciousness. These batteries are only ever used once before being disposed of in landfills. Disposable batteries are dangerous to garbage since they are made of powerful acids and heavy metals. Globally, governments are enforcing strict regulations for the disposal of hazardous waste. Thus, throughout the forecast period, the worldwide market for disposable batteries is anticipated to see restraint due to a rise in environmental consciousness.

Market Segments Covered in Report

By Type:

• Alkaline
• Nickel–Cadmium
• Others

By End-User:

• Consumer Electronics
• Automotive
• Industrial
• Medical
• Defense & Military
• Others

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Why are alkaline Type Disposable Batteries projected to have the larger market share?

In 2021, the alkaline category accounted for 74.5% of the market. Alkaline disposable batteries have a longer lifespan than other types of batteries, which lowers their cost and contributes to the segment’s development. Additionally, alkaline batteries are more than five times as efficient as their forerunner, zinc-carbon batteries. Alkaline batteries can also last up to eight times longer than traditional dry cells. These elements are fueling this market segment’s rise for disposable batteries.

Which application segment is expected to expand the fastest during the forecast period?

In 2021, the Consumer Electronics market category accounted for 34.8% of the total market. The market expansion for disposable batteries in this sector is driven by the rising demand for them for use in different electronic devices, including TVs, air conditioners, computers, and laptops. The consumer electronics market is also being driven by the rising popularity of consumer electronics and the extended lifespan and mobility of throwaway batteries.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

• During the projected period, Asia Pacific is anticipated to rule the global market for disposable batteries. In 2021, the Asia Pacific region accounted for 41.3% of the worldwide market. Consumer electronics are in high demand throughout the area, particularly in nations like China, India, and Japan. This factor is anticipated to drive the Asia Pacific disposable battery market during the forecast period.
• China dominates the Asia Pacific disposable battery market. It is anticipated to maintain its dominance during the projection period due to expanding the country’s consumer electronics industry.
• Due to the growing uptake of consumer electronics and medical devices in the United States and Canada, the market in North America is anticipated to grow considerably over the forecast period.
• Due to the rising use of battery-powered gadgets in the area, the European market is expected to grow considerably over the projected period.

Competition Analysis

Leading industry participants in the disposable battery market have made considerable investments in technological development. Disposable batteries made of biomaterials are groundbreaking. The need for these batteries has grown due to voltage, energy density, and leakage resistance advancements.

Some of the key developments that have taken place in the Disposable Batteries Market include:

• In February 2019, A new alkaline battery called Duracell Ultra was introduced by Duracell, a well-known manufacturer of batteries and smart power solutions. According to its manufacturer, the battery’s enhanced architecture enables it to deliver up to 100% more power. For gadgets that consume a lot of electricity, it is ideal.
• In January 2018, ENERGIZER stated that it had signed a binding contract to buy Spectrum Brands Inc. This transaction was worth US$ 2.0 Bn. ENERGIZER could access Spectrum Brands Inc.’s network and brand name through this transaction.

A list of some of the key suppliers present in the market are:

• Battco Ltd
• ENERGIZER
• NBCELL.com.
• GPB International Limited
• Panasonic Energy
• Southwest Electronic Energy Group
• Eveready Industries India Ltd
• Duracell Inc.
• SONY

Global Disposable Batteries Market 2022-2032: Report Coverage and Highlights

• Assessment of the historical and current market size (2017-2021), market projections (2022-2032), and its contribution to the parent market
• Key drivers, restraints, opportunities, and key emerging trends impacting market growth
• Predictions on critical supply, demand, and technological trends and changes in consumer behavior
• Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
• Segment-wise, country-wise, and region-wise market analysis
• Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
• Key product innovations and regulatory framework
• Covid-19 impact on the market and how to navigate
• Strategic market analysis and recommendations on crucial winning strategies