Australia Hermetic Packaging Market Size & Outlook
Australia hermetic packaging market, 2018-2030 (US$M)
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Australia hermetic packaging market highlights
- The Australia hermetic packaging market generated a revenue of USD 80.0 million in 2022 and is expected to reach USD 125.0 million by 2030.
- The Australia market is expected to grow at a CAGR of 5.7% from 2023 to 2030.
- In terms of segment, ceramic to metal sealing was the largest revenue generating product in 2022.
- Reed Glass is the most lucrative product segment registering the fastest growth during the forecast period.
Hermetic packaging market data book summary
| Market revenue in 2022 | USD 80.0 million |
| Market revenue in 2030 | USD 125.0 million |
| Growth rate | 5.7% (CAGR from 2022 to 2030) |
| Largest segment | Ceramic to metal sealing |
| Fastest growing segment | Reed Glass |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ceramic to Metal Sealing, Glass to Metal Sealing, Transponder Glass, Reed Glass, Passivation Glass |
| Key market players worldwide | Niterra Co Ltd, Schott Pharma AG & CO KGaA, AMETEK Inc, Amkor Technology Inc, Texas Instruments Inc, Teledyne Technologies Inc, Kyocera Corp, Materion Corp, Egide SA, Micross Components |
Other key industry trends
- In terms of revenue, Australia accounted for 2.3% of the global hermetic packaging market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China hermetic packaging market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 324.9 million by 2030.
Ceramic to metal sealing was the largest segment with a revenue share of 56.75% in 2022. Horizon Databook has segmented the Australia hermetic packaging market based on ceramic to metal sealing, glass to metal sealing, transponder glass, reed glass, passivation glass covering the revenue growth of each sub-segment from 2018 to 2030.
The Australian government is planning to spend USD 49 billion in 2022-2023 to modernise its military capabilities. Guardian in October 2022 published that, new electric vehicle sales in Australia has been increased by 65% in 2022. The total electric vehicles count for around 3.3% of all new cars sold in the market.
Lastly, the Australian government’s department of health and aged care has stated that the healthcare device market is expected to show continuous positive growth. Hence to regulate the market Therapeutic Goods Administration (TGA) regulates the supply of medical devices in Australia.
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Hermetic Packaging Market Scope
Hermetic Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia hermetic packaging market size, by product, 2018-2030 (US$M)
Australia Hermetic Packaging Market Outlook Share, 2022 & 2030 (US$M)
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