Italy Hermetic Packaging Market Size & Outlook, 2022-2030
Italy hermetic packaging market, 2018-2030 (US$M)
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Italy hermetic packaging market highlights
- The Italy hermetic packaging market generated a revenue of USD 53.3 million in 2022 and is expected to reach USD 83.6 million by 2030.
- The Italy market is expected to grow at a CAGR of 5.8% 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 53.3 million |
| Market revenue in 2030 | USD 83.6 million |
| Growth rate | 5.8% (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, Italy accounted for 1.5% 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 Europe, Germany hermetic packaging market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 93.1 million by 2030.
Ceramic to metal sealing was the largest segment with a revenue share of 52.91% in 2022. Horizon Databook has segmented the Italy 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.
This increase in spending was done in accordance with NATO rules and regulations. This increase in expenditure can be observed because of the Ukraine war. This increase in government expenditure will increase the demand for defense equipments.
Secondly, according to the International Trade Administration (ITA) November 2022 report, Italy is the mature market for medical equipment and the fourth largest market after Germany, the UK, and France with about 4500 companies and over 1,12,000 employees.
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Hermetic Packaging Market Scope
Hermetic Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy hermetic packaging market size, by product, 2018-2030 (US$M)
Italy Hermetic Packaging Market Outlook Share, 2022 & 2030 (US$M)
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