Hermetic Packaging Market Worth $5.12 Billion by 2028 – Exclusive Report by Vantage Market Research
WASHINGTON, Jan. 24, 2022 (GLOBE NEWSWIRE) — The global hermetic packaging market size is expected to reach USD 5.12 billion by 2028, growing at a compound annual growth rate (CAGR) of 4.5% during the forecast period. Growing business transformation due to the acceptance of integrated automation systems will have a huge impact on the global market, says Vantage Market Research, in a report titled “Hermetic Packaging Market By Configuration (Multilayer Ceramic Packaging, Pressed Ceramic Packaging, Metal Packaging), By Type (Passivation Glass, Reed Glass, Transponder Glass, Glass-to-Metal Sealing (GTMS), By Application (Transistors, sensors, lasers, airbag igniters), by industry (military and defense, aeronautics and space, automotive, energy and nuclear security), by region (North America, Europe, Asia-Pacific, Middle East and Africa) – Assessment (2016 – 2021) and Forecast (2022 – 2028)”. The market size was USD 3.76 billion in 2021.
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(Please note that the sample for this report has been updated to include the COVID-19 impact study prior to delivery.)
The COVID-19 outbreak has affected various industries around the world. the hermetic packaging market is no exception. Governments around the world have taken tough measures such as border seals, lockdowns and implementing strict social distancing measures, in order to stop the rapid spread of COVID-19. These actions have had serious repercussions on the global economy, damaging various industries. The impact of COVID-19 on market demand is considered while estimating the current and forecasted market size and market growth trends for all regions and countries based on points of following data:
- Assessment of the impact of the COVID-19 pandemic
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- Quarterly Market Revenue Forecast by Asia-Pacific 2020 and 2021
- Key strategies companies are undertaking to fight COVID-19
- Long-term dynamics
- Short-term dynamics
The Hermetic Packaging Market Report Highlights:
- Market assessment
- Premium Previews
- Competitive landscape
- COVID impact analysis
- Historical data, estimates and forecasts
- Company Profiles
- Global and regional dynamics
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Protect against various environmental conditions to drive the market
Hermetic packaging prevents different environmental events such as dirt, humidity, atmospheric pressure changes, and other biological hazards that could also damage delicate electronic components or disrupt electrical references in hermetic products. Product applications whose disrupted operation could lead to catastrophic results and are sensitive to extreme environmental conditions should be packaged tightly. The adoption rate of hermetic packaging to protect sensitive electronics is high and is expected to increase further over the projected period. This is a key factor driving the hermetic packaging market.
Wide applicability in the growing market for packaging process aids
Regarding the wide applicability in the packaging process of growing industries, the use of hermetic packaging in different growing industries is another important factor for the development of the hermetic packaging market. Foods, pharmaceuticals and special chemicals need gas-tight packaging. Hermetic packaging contains barrier packaging and vacuum packaging of food products which play an important role in the preservation of products. Hermetic Packaging is committed to the expansion of buildings and infrastructure. Buildings created with sustainable architecture rules use sealed technologies to conserve energy. This is a key factor in driving the hermetic packaging market.
Increased investment in AI research to increase growth in Europe
Asia-Pacific is expected to experience the highest market growth over the forecast period owing to the presence of a large retail supply chain. Increase in government spending in the aerospace and defense industry by the government of the region is expected to drive the hermetic packaging market during the forecast period. Additionally, the increasing investments in hermetic packaging by major companies will create numerous opportunities for the market in Europe.
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List of Key Players of Hermetic Packaging Market:
- Texas Instruments Incorporated (USA)
- Amkor Technology, Inc. (USA)
- AMETEK, Inc. (USA)
- SCHOTT (Germany)
- Kyocera Corporation (Japan)
- Materion Corporation (USA)
- Aegis (France)
- Micross Components Inc. (USA)
- Teledyne Technologies (USA)
- Legacy Technologies Inc. (USA)
Answers to key questions in the report:
- Which regional market will show the highest and fastest growth?
- Who are the top five players in the Hermetic Packaging market?
- How will the hermetic packaging market change in the next six years?
- Which application and product will occupy the lion’s share of the Airtight Packaging market?
- What are the drivers and restraints of Hermetic Packaging Market?
- What will be the CAGR and size of the Airtight Packaging market throughout the forecast period?
1. July 2018: Schott has entered into an agreement to acquire Primoceler, a Finnish specialist in glass microbonding, in order to advance its skills in the field of hermetic packaging.
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This market entitled “Hermetic packaging market” will cover exclusive insights in terms of regional analysis, forecasts and quantitative data – units, key market trends and various others as mentioned below:
|Market size in 2021||$3.76 billion|
|Market size forecast in 2028||$5.12 billion|
|CAGR growth rate||CAGR of 4.5% from 2022 to 2028|
|Year of reference||2021|
|Historical years||2016 – 2020|
|Forecast years||2022 – 2028|
|Segments Covered||Configuration: – Multi-layer ceramic packaging, pressed ceramic packaging, metal packaging
Type: – Passivation glass, Reed glass, transponder glass, glass-to-metal sealing (GTMS), ceramic-to-metal sealing (CERTM)
Application: – Transistors, sensors, lasers, airbag igniters, photodiodes, oscillating crystals, MEMS switch, others
Industry: – Military and defense, Aeronautics and space, Automotive, Energy and nuclear security, Medical, Telecommunications, Consumer electronics, Others
|Quantitative Data – Units||Revenue in USD Million/Billion and CAGR from 2022 to 2028|
|Regions covered||North America, Europe, Asia-Pacific, Latin America, Middle East and Africa, and Rest of the World|
|Countries covered||United States, Canada, Mexico, United Kingdom, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC countries and South Africa, among others|
|Report cover||Market Growth Drivers, Restraints, Opportunities, Porter’s Five Forces Analysis, PEST Analysis, Value Chain Analysis, Regulatory Landscape, Market Attractiveness Analysis by Segments & Region, Market Share Analysis business and analysis of the impact of COVID-19.|
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