North America Hermetic Packaging Market Size & Outlook
North America hermetic packaging market, 2018-2030 (US$M)
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North America hermetic packaging market highlights
- The North America hermetic packaging market generated a revenue of USD 858.1 million in 2022.
- The market is expected to grow at a CAGR of 5.9% 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 858.1 million |
| Market revenue in 2030 | USD 1,360.6 million |
| Growth rate | 5.9% (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 |
| 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, North America region accounted for 24.9% 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 56.72% in 2022. Horizon Databook has segmented the North America 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.
North America is one of the most technologically advanced regions in the world owing to research and development activities related to aeronautical, space exploration, and defense equipment being carried out in the region.
The North American Free Trade Agreement (NAFTA) has helped businesses based in the region in increasing their profitability. For instance, the business of manufacturers of hermetic packaging products based in Canada has significantly increased owing to this agreement.
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Hermetic Packaging Market Scope
Hermetic Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America hermetic packaging market size, by country, 2018-2030 (US$M)
North America Hermetic Packaging Market Outlook Share, 2022 & 2030 (US$M)
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