Saudi Arabia Hermetic Packaging Market Size & Outlook
Saudi Arabia hermetic packaging market, 2018-2030 (US$M)
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Saudi Arabia hermetic packaging market highlights
- The Saudi Arabia hermetic packaging market generated a revenue of USD 35.5 million in 2022 and is expected to reach USD 48.4 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 4% 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 35.5 million |
| Market revenue in 2030 | USD 48.4 million |
| Growth rate | 4% (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, Saudi Arabia accounted for 1.0% 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 Middle East & Africa, Saudi Arabia hermetic packaging market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 39.9 million by 2030.
Ceramic to metal sealing was the largest segment with a revenue share of 51.83% in 2022. Horizon Databook has segmented the Saudi Arabia 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 has been accounted due to statusquo condition with Iran. As Iran has been developing and investing heavily into the military infrastructure, the Saudi King has considered this move as detrimental to the security.
Saudi Arabian Military Industries (SAMI) was established to reduce the defense imports and huge military investments by Saudi Arabian government will boost the domestic defense manufacturing. Secondly according to the ITA July 2022 report, Saudi Arabia counts 60% of the GCC Gulf Cooperation council countries’ healthcare infrastructure.
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Hermetic Packaging Market Scope
Hermetic Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia hermetic packaging market size, by product, 2018-2030 (US$M)
Saudi Arabia Hermetic Packaging Market Outlook Share, 2022 & 2030 (US$M)
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