Hermetic containers are the containers which are processed with hermetic seal. The hermetic containers are wrapped in such a way that there is no space for air, oxygen, chemicals, and others to enter the product. The hermetic containers are used in a various number of industries (such as, food and beverages, aeronautics, architectural structures, and others). The efficiency of providing safety to the respective product contained by the container is expected to boost the market of hermetic containers over the forecast period.
Hermetic containers protect the respective products against various environmental elements and conditions (e.g. soil, moisture, atmospheric pressure). Moreover, these hermetic containers can protect from different natural hazards that could otherwise cause harm to delicate products. Product applications whose functional disruptment could result in negative conditions, need to be hermetically contained. The growth of hermetic containers are expected to get augmented, owing to the adoption of hermetic packaging solution for protecting very sensitive electronic components. These are some of the major key factors which are driving the hermetic containers market’s growth.
The stringent qualities of hermetic containers might create hindrance in the growth of the global hermetic containers market.
Reliable, compact packaging of microelectronics is gaining popularities day by day. For life-critical devices such as implantable medical devices, medicine containers must be packaged with hermetic packaging solution for providing a high-quality hermetic environment to protect the product from the human body. Furthermore, now a days hermetic containers are being used rapidly, especially in tropical region for storing differential seasonal seeds.
For Instance: Hermetic Bunker containers for long-term storage in bulk of 10,000- to 20,000-tonnes are being used in Jordan for wheat storage and West Africa for cocoa storage.
Owing to Covid-19 the capacities and financial conditions of hermetic containers manufacturers have witness a shrink in their revenue. This pandemic has caused a widespread health catastrophe, which is badly affecting the financial markets of major countries and the end-use industries for hermetic containers. The overall longstanding effect of Covid-19 on the hermetic containers market is anticipated to depend upon various aspects such as global spread and period of the pandemic, the activities taken by several government authorities globally in response to the epidemic, and the harshness of the disease.
Global hermetic containers market is segmented by configuration, product type and end-use.
By configuration the hermetic containers market is segmented as follows:
By product type the hermetic containers market is segmented as follows:
By end-use the hermetic containers market is segmented as follows:
Asia Pacific is expected to lead the market of hermetic containers market owing to the expansion of consumer electronics sector in the region coupled with increased government budget for aerospace & defence sector in China, Japan, India, and East Asian countries is expected to provide positive opportunities for the market across the region. North America and Europe are expected to witness a decent growth rate over the forecast period due to the major application of hermetic containers in electronic and automotive sectors. Middle East & Africa and Latin America are also all set to show a good growth rate over the time due to the rising popularity of hermetic containers used for seed storage purpose.
The report on hermetic containers market is a compilation of first-hand information, and qualitative & quantitative assessment by industry analysts, as well as inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segment. Hermetic containers market also maps the qualitative impact of various market factors on market segments and geographies.
The global hermetic containers market is divided into seven major regions, which are as follows -