Canada Hermetic Packaging Market Size & Outlook, 2022-2030
Canada hermetic packaging market, 2018-2030 (US$M)
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Canada hermetic packaging market highlights
- The Canada hermetic packaging market generated a revenue of USD 161.0 million in 2022 and is expected to reach USD 243.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.3% from 2023 to 2030.
- In terms of segment, ceramic to metal sealing was the largest revenue generating product in 2022.
- Ceramic to Metal Sealing 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 161.0 million |
| Market revenue in 2030 | USD 243.5 million |
| Growth rate | 5.3% (CAGR from 2022 to 2030) |
| Largest segment | Ceramic to metal sealing |
| Fastest growing segment | Ceramic to Metal Sealing |
| 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, Canada accounted for 4.7% 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 North America, U.S. hermetic packaging market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1,117.2 million by 2030.
Ceramic to metal sealing was the largest segment with a revenue share of 55.78% in 2022. Horizon Databook has segmented the Canada 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 automotive market shows constant positive development and the demand for EVs will be expected to rise further as compared to conventional I.C. engine-based vehicles. With the rise in Artificial Intelligence (AI), the automotive market is witnessing the entry of driverless cars.
Hermetic packaging products are highly critical for packing life-saving instruments such as pacemakers. These packages are mostly consumed by Medtronic, a health device manufacturer.
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Hermetic Packaging Market Scope
Hermetic Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada hermetic packaging market size, by product, 2018-2030 (US$M)
Canada Hermetic Packaging Market Outlook Share, 2022 & 2030 (US$M)
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