Disposable Batteries Market: Global Industry Analysis and Forecast (2023-2029)

The Disposable Batteries Market is a large and growing market. It is estimated to be worth over US$ 15.33 billion by 2029 and is expected to grow at a CAGR of 4.9% over the forecast period. The market is being driven by the growing popularity of rechargeable batteries, which are replacing disposable batteries in some applications. The sales quantity of primary alkaline batteries in Japan's cells and batteries industry increased by 2.42% in 2021, reaching 1.27 billion units. This represents an increase of 0.03 billion units from the previous year.
Disposable Batteries Market Overview:
A Disposable Battery is a non-rechargeable electrochemical cell in which power is created by an irreversible chemical process. Primary batteries are sometimes known as disposable batteries. Disposable batteries are compact, light, and have a long shelf life. The use of electronic gadgets has expanded dramatically in recent years, fueling growth in the global disposable battery industry. These batteries are in high demand since they may be used in a variety of consumer electronics products.

Dry cell batteries, often known as disposable batteries, have electrochemical cells that store energy in a disabled electrolyte paste, reducing the need for water. Alkaline and Nickel-cadmium batteries are the most widely used disposable batteries. Disposable batteries are important because they provide a lot of energy, have a long shelf life, are inexpensive, and are safe.To know about the Research Methodology:-Request Free Sample Report

2022 is considered as a base year to forecast the market from 2023 to 2029. 2022’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2029. 2022 is a year of exception and analysis especially with the impact of lockdown by region.
Dynamics:
Greater Advantages of Disposable Batteries are Driving Market Growth:

Rechargeable batteries have a shorter life span than disposable batteries. A rechargeable battery lasts twice as long as a disposable alkaline battery. Disposable batteries are therefore suitable for low-drain devices. As a result, the long-life characteristic is primarily driving the market growth across the globe. Consumers choose disposable batteries as they are less expensive than rechargeable batteries. Because a rechargeable battery can be used several times, the price of rechargeable batteries is much greater. As a result, the disposable battery market is expected to be driven by reduced disposable battery prices over the forecast period.

Better Performance and High Efficiency of the Batteries Driving Market Growth:

In recent years, the global disposable battery industry has grown significantly. This is owing to the fact that it is used in everyday items such as wall clocks, radios, toys, and TV remotes. Thanks to the widespread usage of smart devices in recent years, demand for disposable batteries has surged globally, and the market is expected to grow rapidly during the forecast period.

Growing Awareness among People is Restraining the Market Growth:

The growing environmental awareness is expected to hinder the disposable battery market during the projected period. These batteries are only used once before being disposed of in landfills. Disposable batteries are dangerous to garbage since they contain heavy metals and powerful acids. Governments all over the world are enacting strict laws about hazardous waste disposal. As a result, the worldwide disposable battery market is expected to be restrained throughout the forecast period as environmental awareness grows.
Disposable Batteries Market Segment Analysis:
Based on the Type, the Disposable Batteries Market is segmented into Alkaline and Nickel-Cadmium. The Alkaline segment held the largest market share, accounting for 74.2% in 2022. The segment growth is attributed to the lower cost along with the longer life of alkaline disposable batteries when compared to other types of batteries. Alkaline batteries are also more than 5 times more efficient than their predecessor zinc-carbon. In addition, alkaline batteries last up to 8 times longer than the conventional dry cell. These factors are driving the market growth for this segment.



Based on the End Use, the Disposable Batteries Market is segmented into Consumer Electronics, Industrial, Automotive, Medical, and Military and Defense. The Consumer Electronics segment held the largest market share, accounting for 34.8% in 2022. The growing demand for disposable batteries for use in various electronic devices such as TV, AC, computers, and laptops is driving the market growth for this segment. In addition, the growing usage of consumer electronics along with the long-lasting life and portability of disposable batteries are driving the consumer electronics segment.
Disposable Batteries Market Regional Insights:
The Asia Pacific region held the largest market share accounted for 41% in 2022. Consumer electronics are in strong demand throughout the area, particularly in China, India, and Japan, which is expected to drive the disposable battery market growth in the Asia Pacific during the projected period. In the Asia Pacific region, China controls the disposable battery market. Due to the country's growing consumer electronics industry, it is expected to maintain its supremacy during the forecast period.

North America region is expected to witness a noteworthy growth at a CAGR of 4.8% during the forecast period. The region's growth is attributed to rapid growth in the acquisition of consumer electronics equipment and medical gear in the United States and Canada. Because the United States is a large user of medical and consumer electronics equipment, the country is expected to have a significant impact on the zone's industry during the forecast period. Thanks to the rising adoption of battery equipment in Europe, the market is expected to grow significantly throughout the forecast period.

The objective of the report is to present a comprehensive analysis of the global Disposable Batteries Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Disposable Batteries Market dynamic, structure by analyzing the market segments and projecting the Disposable Batteries Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Disposable Batteries Market make the report investor’s guide.
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Global Disposable Batteries Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 10.97 Bn.


Forecast Period 2023 to 2029 CAGR:
4.9%
Market Size in 2029:
US $ 15.33 Bn.


 Segments Covered:
by Type
Alkaline
Nickel -Cadmium


by End Use
Consumer Electronics
Industrial
Automotive
Medical
Military and Defense



by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Disposable Batteries Market Key Players
1. Duracell Batteries Ltd.
2. Energizer Battery, Inc.
3. Panasonic Corporation
4. GP Batteries Intl
5. Everyday Battery Company
6. Rayovac
7. Nbcell Battery
8. Battco
9. Sony
10.Southwest Electronic Energy Group
11.Liebherr Group
12.Eveready Industries India Ltd.
13.GPB International Limited
14.Camelion Batterien GmbH
15.Maxell Holdings, Ltd.
16.FDK Corporation

Frequently Asked Questions:

1] What segments are covered in the Global Disposable Batteries Market report?
Ans. The segments covered in the market report are based on Type and End Use.

2] Which region is expected to hold the highest share in the Global Disposable Batteries Market?
Ans. The Asia Pacific region is expected to hold the highest share in the market.

3] What is the market size of the Global Disposable Batteries Market by 2029?
Ans. The market size of the market by 2029 is expected to reach US$ 15.33 Bn.

4] What is the forecast period for the Global Disposable Batteries Market?
Ans. The forecast period for the Disposable Batteries Market is 2023-2029.

5] What was the market size of the Global Disposable Batteries Market in 2022?
Ans. The market size of the Disposable Batteries Market in 2022 was valued at US$ 10.97 Bn.