Middle East & Africa Hermetic Packaging Market Size & Outlook
Middle East & Africa hermetic packaging market, 2018-2030 (US$M)
Related Markets
MEA hermetic packaging market highlights
- The MEA hermetic packaging market generated a revenue of USD 167.2 million in 2022.
- The market is expected to grow at a CAGR of 3.5% 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.
- Country-wise, UAE is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 167.2 million |
| Market revenue in 2030 | USD 220.9 million |
| Growth rate | 3.5% (CAGR from 2022 to 2030) |
| Largest segment | Ceramic to metal sealing |
| Fastest growing segment | Reed Glass |
| 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 |
| 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, MEA region accounted for 4.9% of the global hermetic packaging market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,825.5 million by 2030.
Ceramic to metal sealing was the largest segment with a revenue share of 52.45% in 2022. Horizon Databook has segmented the Middle East & Africa 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.
According to a May 2022 report by IQVIA, a leading healthcare data analytics and insight provider, medical device firms have directed their investment toward emerging markets like the Middle East and Africa. With developments in technology, healthcare companies have started working on the integration of mechanical equipment with Artificial Intelligence.
In May 2021, Saudi Data and Artificial Intelligence Authority (SDAIA) and IQVIA signed a memorandum of understanding (MOU) to build a center for innovation and research in the medical equipment sector.
Key Regions: UAE , U.S. , UK , Japan , Saudi Arabia
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Hermetic Packaging Market Scope
Hermetic Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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MEA hermetic packaging market size, by country, 2018-2030 (US$M)
Middle East & Africa Hermetic Packaging Market Outlook Share, 2022 & 2030 (US$M)
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