From 2022 to 2025, the Flexible Battery Market is anticipated to expand quickly at a compound annual growth rate (CAGR) of 24.7%, reaching a market value of USD 296 million. The market size in 2022 was USD 142 million, therefore this represents a big rise. Between 2021 and 2022, the market expanded at a 9% annual rate. The need for smart and active packaging solutions is rising across many industries, including food and beverage, pharmaceuticals, and consumer goods, and is predicted to account for a significant market share of 31%. Other significant factors influencing the growth of the flexible battery market include the increase in demand for flexible and wearable technology, the growing use of Internet of Things (IoT) devices, and advancements in medical technology.

The market for flexible batteries is anticipated to expand significantly in the upcoming years due to a number of factors, including an increase in research and development efforts aimed at creating flexible batteries for wearable technology, a rise in the use of thin and flexible batteries in flexible electronics, and the ongoing miniaturisation of electronics. Flexible batteries are also increasingly in demand for Internet of Things (IoT) applications as well as for usage in medical devices that treat COVID-19 patients. The report on the flexible battery market examines the many market segments, including as type, voltage, capacity, rechargeability, application, and region, and offers details on the major developments, factors, and difficulties in each one.

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COVID-19 pandemic has negatively impacted the smart packaging application segment of the flexible battery market.

Due to flexible batteries' benefits, such as their light weight and ease of disposal, the smart packaging category held the greatest market share of the flexible battery market in 2019. Manufacturers of smart packaging are predicted to use micro batteries more frequently in the future, which will propel the market's expansion. The COVID-19 epidemic, however, has significantly disrupted the smart packaging industry, which has had a detrimental effect on the expansion of the flexible battery market for smart packaging. The pandemic has caused labour movement restrictions, which have put pressure on product supplies, as well as delayed shipments, which have led to wastes produced from perishable goods. All of these elements have had a negative impact on consumer demand for smart labels and packaging, which has slowed the expansion of the flexible battery market for smart packaging.

The demand for flexible batteries of above 100 mAh capacity is expected to increase significantly during the forecast period.

Over the course of the forecast period, there is expected to be a significant rise in the demand for flexible batteries with a capacity greater than 100 mAh. These batteries are made for electronics and energy harvesting systems, two examples of items and gadgets with high energy needs and lengthy shelf lives. They are recommended in these situations because they offer power sources that enhance the performance of these gadgets. Future predictions predict a large rise in the use of flexible batteries with a capacity of at least 100 mAh in a wide range of applications. The demand for high-energy and long-lasting battery solutions for electronic gadgets is what is fueling the expansion of this industry.

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The outbreak of COVID-19 has adversely affected investments being made to develop flexible batteries by a number of manufacturers in North America.

The COVID-19 epidemic has had an impact on the flexible battery sector in North America, which has disrupted flexible battery manufacture and supply. However, flexible batteries are being utilised more frequently in medical applications for monitoring patients and suspects of COVID-19 for body temperature. Flexible batteries used in smart packaging, wearable technology, and smart cards have a significant business in the area. The market for flexible batteries in North America is expanding as a result of increased R&D efforts and technological developments in the packaging and medical industries. Despite the difficulties caused by the pandemic, flexible batteries with a capacity of more than 100 mAh are anticipated to see a sharp rise in demand over the course of the forecast period due to their use in products and devices with high energy needs and long shelf lives.

Samsung SDI (South Korea), LG Chem (South Korea), Enfucell Oy Ltd. (Finland), Blue Spark Technologies (US), Apple, Inc. (US), Panasonic Corporation (Japan), Ultralife Corporation (US), BrightVolt (US), Imprint Energy (US), Energy Diagnostics (UK), Prologium Technology Co., Ltd. (Taiwan), Molex (US), PolyPlus Battery Company (US), ITEN SA (France), Jenax (South Korea), and Guangzhou Fullriver Battery New Technology Co., Ltd. (China), are key players operating in the flexible battery market.

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