South Korea Hermetic Packaging Market Size & Outlook
South Korea hermetic packaging market, 2018-2030 (US$M)
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South Korea hermetic packaging market highlights
- The South Korea hermetic packaging market generated a revenue of USD 101.8 million in 2022 and is expected to reach USD 164.9 million by 2030.
- The South Korea market is expected to grow at a CAGR of 6.2% 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 101.8 million |
| Market revenue in 2030 | USD 164.9 million |
| Growth rate | 6.2% (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, South Korea accounted for 3.0% 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 Asia Pacific, China hermetic packaging market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 324.9 million by 2030.
Ceramic to metal sealing was the largest segment with a revenue share of 56.78% in 2022. Horizon Databook has segmented the South Korea 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 South Korean government intends to spend USD 268.8 billion on its military to improve its capability in the next five years. This move is likely to increase business opportunities for domestic players like Hanwha and LIG Nex1.
According to the Invest Korea 2022 annual report, Korea is the second largest manufacturer of semiconductors in the world. Korea in 2020 had 57% market share in global memory semiconductor market and still leading the market.
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Hermetic Packaging Market Scope
Hermetic Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea hermetic packaging market size, by product, 2018-2030 (US$M)
South Korea Hermetic Packaging Market Outlook Share, 2022 & 2030 (US$M)
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