Global Hermetic Packaging Market Size & Outlook, 2022-2030
The hermetic packaging industry worldwide is expected to reach a projected revenue of US$ 5,568.3 million by 2030. A compound annual growth rate of 6.2% is expected of the worldwide hermetic packaging industry from 2023 to 2030.
Revenue, 2022 (US$M)
$3,442.4
Forecast, 2030 (US$M)
$5,568.3
CAGR, 2023 - 2030
6.2%
Report Coverage
Worldwide
Global hermetic packaging market, 2018-2030 (US$M)
Related Markets
Global hermetic packaging market highlights
- The global hermetic packaging market generated a revenue of USD 3,442.4 million in 2022 and is expected to reach USD 5,568.3 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 6.2% by 2030.
- In terms of segment, ceramic to metal sealing accounted for a revenue of USD 1,913.6 million in 2022.
- Ceramic to Metal Sealing is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 3,442.4 million |
| Market revenue in 2030 | USD 5,568.3 million |
| Growth rate | 6.2% (CAGR from 2022 to 2030) |
| Largest segment | Ceramic to metal sealing |
| Fastest growing segment | Ceramic to Metal Sealing |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ceramic to Metal Sealing, Glass to Metal Sealing, Transponder Glass, Reed Glass, Passivation Glass |
Other key industry trends
- In terms of revenue, the North America accounted for 24.9% of the global hermetic packaging market in 2022.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Saudi Arabia is the fastest growing regional market and is projected to reach USD 48.4 million by 2030.
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Hermetic Packaging Market Scope
Hermetic packaging market segmentation & scope
Countries
Hermetic Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global hermetic packaging market size, by regions, 2018-2030 (US$M)
Top 10 countries: Hermetic packaging market size, 2022 (US$M)
Global hermetic packaging market share, by product, 2022 & 2030 (%, US$M)
Hermetic packaging market: Opportunity assessment by country
Global hermetic packaging market, by region, 2022 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 757.2 | 786.8 | 802.9 | 828.5 | 858.1 | 896.2 | 939.2 | 989.2 | 1,044.4 | 1,107.0 | 1,179.3 | 1,264.3 | 1,360.6 | 5.9% |
| Europe | 702.0 | 724.6 | 734.4 | 752.4 | 774.1 | 802.8 | 835.6 | 874.0 | 916.3 | 964.7 | 1,020.6 | 1,086.5 | 1,161.3 | 5.2% |
| Asia Pacific | 1,392.0 | 1,461.5 | 1,506.7 | 1,570.2 | 1,643.0 | 1,733.6 | 1,835.1 | 1,952.5 | 2,082.5 | 2,230.1 | 2,399.8 | 2,598.9 | 2,825.5 | 7.0% |
| MEA | 161.5 | 164.2 | 163.8 | 165.1 | 167.2 | 170.6 | 175.0 | 180.0 | 185.8 | 192.5 | 200.4 | 210.0 | 220.9 | 3.5% |
| Overall | 3,012.7 | 3,137.1 | 3,207.8 | 3,316.2 | 3,442.4 | 3,603.2 | 3,784.9 | 3,995.7 | 4,229.0 | 4,494.3 | 4,800.1 | 5,159.7 | 5,568.3 | 6.2% |
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