Hermetic Packaging Market
Hermetic Packaging Market by Configuration (Multilayer Ceramic Packages, Pressed Ceramic Packages, Metal Can Packages), by Type (Passivation Glass, Reed Glass, Transponder Glass, Glass-Metal Sealing (GTMS)), by Application (Transistors, Sensors, Lasers, Airbag Ignitors), by Industry (Military & Defense, Aeronautics & Space, Automotive, Energy & Nuclear Safety), by Region (North America, Europe, Asia Pacific, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)
|Forecast Years for Hermetic Packaging Market:||2022 - 2028|
|Historical Years for Hermetic Packaging Market:||2016 - 2021|
|Revenue 2021 for Hermetic Packaging Market:||USD 3.76 Billion|
|Revenue 2028 for Hermetic Packaging :||USD 5.12 Billion|
|Revenue CAGR (2022 - 2028) for Hermetic Packaging Market :||4.5 %|
|Fastest Growing Region (2022 - 2028) for Hermetic Packaging Market:||Asia Pacific|
|Largest Region (2021) for Hermetic Packaging Market:||Asia Pacific|
Hermetic Packaging Market: By Configuration, Application, Type, Industry, and Region
Global Hermetic Packaging Market is valued At USD 3.76 Billion in 2021 and estimated to reach a value of USD 5.12 Billion by 2028 at a CAGR of 4.5 % during the forecast period, 2022–2028. Hermetic sealing significantly increases the shelf life and preserves the properties of products without negatively affecting their taste. For example, hermetically sealed freshness packets for flour or pulses which can be opened at any time quickly and easily. The key element of hermetic sealing is a foil film with an adhesive layer made of polymer materials (eg PVDC). The base material used here is typically polyethylene terephthalate (PET), which ensures high resistance to oxygen and water vapor permeability. The demand for this packaging is gaining attention of consumers due to it offers flexibility, biodegradability and recyclability. It is supported by its ability to prevent products from spoiling by generating an oxygen-free environment inside the container airtightness is achieved through the combination of the film and an airtight lid.
Hermetic Packaging , essential for preserving the properties of products, is becoming increasingly popular in demand. It ensures excellent barrier to gases, moisture and other contaminants for long term storage of foodstuff without affecting their taste or nutritional value. This kind of foil sealing technology offers flexibility, biodegradability and recyclability features. All these are achieved through special polymer material used in it which provides high oxygen-free environment inside the container that prevents food from spoiling by generating an absolutely tight seal between a film layer and a rigid plastic cap with zero permeability for water vapor & oxygen.
Global Hermetic Packaging Market is by configuration (multilayer ceramic packages, metal can package, pressed ceramic packages), type (ceramic-metal sealing, glass-metal sealing), application, industry, and region. Wherein, Asia Pacific is projected to dominate the global market due to the industrial sectors such as Oil & Gas, Food processing, Chemicals and Pharmaceuticals are currently expanding their regional presence in Asia. This expansion into Asia is creating a significant growth in demand for Hermetic Packaging .
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By Configuration, Multilayer Ceramic Packaging to Dominate the Market Followed by Metal Can
When it comes to packaging, there are many options available. Each requires a certain amount of research before choosing the proper method for storage and distribution. In regards to hermetically sealed packaging, there are two popular forms: multilayer ceramic package and metal cans.
The most common form of Hermetic Packaging used today is multilayer ceramic package. They come in a variety of sizes from half pint up to one gallon or larger. Because these types of bottles can be reused once emptied, they are less expensive than other choices, but they require special sealing equipment that creates an airtight environment when combined with lids and rings/bands that screw on securely over the lids. The majority of these packaging systems use a metal can that is pre-sealed, then inverted and heated to seal the cap to the can. Other types include jars and bottles with internal stoppers (solid plugs), valve caps (optional, reduces vacuum loss) or combinations of all three cap styles.
Asia Pacific to Dominate Hermetic Packaging Market
Asia Pacific market has been growing at a steady rate of 7.9% from the past few years, which is higher than the growth rate of the region's economic growth. The industrial sectors such as Oil & Gas, Food processing, Chemicals and Pharmaceuticals are currently expanding their regional presence in Asia. This expansion into Asia is creating a significant growth in demand for Hermetic Packaging . As a result, Asia Pacific was estimated to be consuming more Hermetic Packaging - accounting for over 45% of the global market share. The region's high growth rates will continue to drive demand. In addition, increasing production efficiencies by implementing cost effective technologies will provide long term viability. With Asia Pacific occupying almost half (45%) of this market space, it becomes very important for suppliers and manufacturers to cater to these markets.
Growth Potential in Asia Pacific
Asia Pacific region has many varied markets that will see constant growth in the Hermetic Packaging Market. These include regions such as China, India & Japan. The Chinese economy is projected to grow at a rate of 7% over the next few years. This growth will open up more avenues for investment and higher consumption resulting in increased demand for products such as Hermetic Packaging , especially since they are viewed as 'value-for-money' products by middle class consumers with varying demands. For example, China's urbanization leading to changing lifestyles and food preferences has opened new opportunities for retailers and brands selling ready-to-eat meals and consumer packaged foods that can be cooked or consumed easily. This growth is especially high in the food & beverage industry, which is expected to double over the next decade. Japan's aging population combined with their tremendous appetite for processed foods will continue to drive the development of Hermetic Packaging technologies that offer extended shelf life.
Some of the key players in Hermetic Packaging Market are Texas Instruments Incorporated (US), Amkor Technology, Inc. (US), AMETEK, Inc. (US), SCHOTT (Germany), Kyocera Corporation (Japan), Materion Corporation (US), Egide (France), Micross Components Inc. (US), Teledyne Technologies (US), and Legacy Technologies Inc. (US) are some of the key players in the market.
Hermetic Packaging Market is segmented as follows:
|Regions & Countries Covered||
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis|
Hermetic Packaging Market is tabulated as follows:
Frequently Asked Questions
the global demand for Hermetic Packaging
in terms of revenue?
The global Hermetic Packaging valued at USD 3.76 Billion in 2020 and is expected to reach USD 5.12 Billion in 2028 growing at a CAGR of 4.5 %
are the prominent players
in the market?
The prominent players in the market are Texas Instruments Incorporated (US), Amkor Technology, Inc. (US), AMETEK, Inc. (US), SCHOTT (Germany), Kyocera Corporation (Japan), Materion Corporation (US), Egide (France), Micross Components Inc. (US), Teledyne Technologies (US), and Legacy Technologies Inc. (US).
At what CAGR is the market projected to grow within the forecast period?
The market is project to grow at a CAGR of 4.5 % between 2021 and 2028.
the driving factors
fueling the growth of the market.
The driving factors of the Hermetic Packaging include
- Rapidly Increasing Adoption in Food and Beverage Packaging
region accounted for the
largest share in the market?
Asia Pacific was the leading regional segment of the Hermetic Packaging in 2020.