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Global Biodegradable Batteries Market to reach USD 366.9 million by the end of 2030.

Global Biodegradable Batteries Market Size study & Forecast, by Battery Type (Graphene Battery, Paper Battery, Redox Flow Battery, Others), by Application (Consumer Electronics, Healthcare, Others) and Regional Analysis, 2023-2030

Product Code: EPPGS-73339850
Publish Date: 13-07-2023
Page: 200

Global Biodegradable Batteries Market is valued at approximately USD 155.8 million in 2022 and is anticipated to grow with a healthy growth rate of more than 11.3% over the forecast period 2023-2030. The biodegradable batteries market refers to the sector of the energy storage industry that focuses on the development and commercialization of batteries made from environmentally friendly materials that naturally decompose over time, offering a sustainable alternative to conventional batteries. These batteries are typically made from environmentally friendly materials that are biodegradable, non-toxic and pose minimal harm to the environment. The Biodegradable Batteries Market is being driven by factors such as rising environmental concerns and the increasing demand for sustainable energy sources.

Biodegradable batteries are the sustainable solution for reducing e-waste. According to the roundup.org, 57.4 million metric tons of e-waste generated in 2021. And is growing by an average of 2 million metric tons every year and it is expected to reach 74.7 million metric tons in 2030. Approximately 17.4% of e-waste is currently being collected and recycled in an environmentally responsible manner. Thus, rising environmental concerns about e-waste management fueling the growth of the biodegradable batteries market. In addition, increasing R&D activities on biodegradable batteries and increasing demand for implantable medical devices from the healthcare industry create lucrative opportunities for the market. However, higher cost of biodegradable batteries hinders the growth of the market throughout the forecast period of 2023-2030.

The key regions considered for the Global Biodegradable Batteries Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the R&D activities of biodegradable batteries are increasing and region has witnessed increasing awareness and concern about environmental sustainability. There is a growing emphasis on reducing pollution, minimizing waste, and adopting eco-friendly solutions. Asia Pacific is also considered the fastest growing region during the forecasted period due to rising investments in the development of sustainable energy sources, such as biodegradable batteries.

Major market player included in this report are:
Felis Leo Ventures Private Limited.
Better Battery Co.
KEMIWATT
CMBlu Energy AG
Stora Enso
Sony Group Corporation
XL Batteries
Bioenzymatic Fuel Cells
Doe Run Company
Battery Solutions LLC

Recent Developments in the Market:
Ø In September 2022, Researchers from the University of Maryland and the University of Houston developed a more sustainable battery by utilizing zinc-metal battery chemistry and a biodegradable gel electrolyte made from chitosan, derived from discarded chitin found in crustacean shells. They replaced the conventional cathode with a biodegradable organic material. The battery maintained a high efficiency of 99.7% over 1,000 cycles and is two-thirds biodegradable, with the remaining zinc being recyclable. The goal is to create entirely biodegradable batteries, including both materials and fabrication processes, for a more environmentally friendly energy storage solution.
Global Biodegradable Batteries Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Battery Type, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Battery Type:
Graphene Battery
Paper Battery
Redox Flow Battery
Others

By Application:
Consumer Electronics
Healthcare
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
1.2.1. Biodegradable Batteries Market, by Region, 2020-2030 (USD Million)
1.2.2. Biodegradable Batteries Market, by Battery Type, 2020-2030 (USD Million)
1.2.3. Biodegradable Batteries Market, by Application, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Biodegradable Batteries Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Biodegradable Batteries Market Dynamics
3.1. Biodegradable Batteries Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Rising environmental concerns
3.1.1.2. Increasing demand for sustainable energy sources.
3.1.2. Market Challenges
3.1.2.1. Higher cost of Biodegradable batteries
3.1.3. Market Opportunities
3.1.3.1. Increasing R&D activities on biodegradable batteries.
3.1.3.2. Increasing demand for implantable medical devices.
Chapter 4. Global Biodegradable Batteries Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Biodegradable Batteries Market, by Battery Type
5.1. Market Snapshot
5.2. Global Biodegradable Batteries Market by Battery Type, Performance – Potential Analysis
5.3. Global Biodegradable Batteries Market Estimates & Forecasts by Battery Type 2020-2030 (USD Million)
5.4. Biodegradable Batteries Market, Sub Segment Analysis
5.4.1. Graphene Battery
5.4.2. Paper Battery
5.4.3. Redox Flow Battery
5.4.4. Others
Chapter 6. Global Biodegradable Batteries Market, by Application
6.1. Market Snapshot
6.2. Global Biodegradable Batteries Market by Application, Performance – Potential Analysis
6.3. Global Biodegradable Batteries Market Estimates & Forecasts by Application 2020-2030 (USD Million)
6.4. Biodegradable Batteries Market, Sub Segment Analysis
6.4.1. Consumer Electronics
6.4.2. Healthcare
6.4.3. Others
Chapter 7. Global Biodegradable Batteries Market , Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Biodegradable Batteries Market , Regional Market Snapshot
7.4. North America Biodegradable Batteries Market
7.4.1. U.S. Biodegradable Batteries Market
7.4.1.1. Battery Type breakdown estimates & forecasts, 2020-2030
7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Biodegradable Batteries Market
7.5. Europe Biodegradable Batteries Market Snapshot
7.5.1. U.K. Biodegradable Batteries Market
7.5.2. Germany Biodegradable Batteries Market
7.5.3. France Biodegradable Batteries Market
7.5.4. Spain Biodegradable Batteries Market
7.5.5. Italy Biodegradable Batteries Market
7.5.6. Rest of Europe Biodegradable Batteries Market
7.6. Asia-Pacific Biodegradable Batteries Market Snapshot
7.6.1. China Biodegradable Batteries Market
7.6.2. India Biodegradable Batteries Market
7.6.3. Japan Biodegradable Batteries Market
7.6.4. Australia Biodegradable Batteries Market
7.6.5. South Korea Biodegradable Batteries Market
7.6.6. Rest of Asia Pacific Biodegradable Batteries Market
7.7. Latin America Biodegradable Batteries Market Snapshot
7.7.1. Brazil Biodegradable Batteries Market
7.7.2. Mexico Biodegradable Batteries Market
7.8. Middle East & Africa Biodegradable Batteries Market
7.8.1. Saudi Arabia Biodegradable Batteries Market
7.8.2. South Africa Biodegradable Batteries Market
7.8.3. Rest of Middle East & Africa Biodegradable Batteries Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Felis Leo Ventures Private Limited.
8.3.1.1. Key Information
8.3.1.2. Overview
8.3.1.3. Financial (Subject to Data Availability)
8.3.1.4. Product Summary
8.3.1.5. Recent Developments
8.3.2. Better Battery Co.
8.3.3. KEMIWATT
8.3.4. CMBlu Energy AG
8.3.5. Stora Enso
8.3.6. Sony Group Corporation
8.3.7. XL Batteries
8.3.8. Bioenzymatic Fuel Cells
8.3.9. Doe Run Company
8.3.10. Battery Solutions LLC.
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

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Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
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Market Size Estimation:
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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