19-Jan-2021 | Zion Market Research
As per the researchers at Zion Market Research, in 2018, the global packaging testing market was capitalized at around USD 8. 61 billion and anticipated to expand at about 12.4% CAGR during the forecast period to attain a value of about USD 19.50billion by 2025. Few top players in the global packaging testing market consist of TUV SUD AG, SGS S.A., OthIntertek Group Plc., MerieuxNutriSciences Corporation, Bureau Veritas SA, Eurofins Scientific SE, and others.
Need For Sustainable Packaging Expected To Drive The Growth Of The Global Market
The growth of the global packaging testing market is mainly influenced by factors like the rise in product recalls attributable to strict rules, need for sustainable packaging to decrease environmental & mechanical dangers, elevated stipulation for packaged products caused by flourishing FMCG industry, and rise in alertness because of unlawful use of recycled materials. Further, the need for automated and portable testing methods to improve the testing accessibility in less time offers new expansion avenues for the market players. In addition, the need for products with extended shelf-life is also expected to fuel market growth in the coming period. Also, governments around the globe are enforcing precise instructions to assure the products’ quality. Testing is the key element of the instructions, thus obligatory. This eventually is propelling the market expansion. However, the price of packaging testing is extremely high because of the elevated price of testing tools, which is expected to pose a challenge for the market players. Notwithstanding that, the technological improvements to improve the testing speed and building the automated & portable testing methods can offer new expansion avenues for global market players during the forecast period.
Physical Segment, Based On Type, Expected To Dominate The Global Market
On the basis of type, the global packaging testing market is divided into chemical, microbiological, and physical. In 2018, the market was ruled by the physical segment as the verification of a product’s physical properties is vital for packaging testing. The physical segment is trailed by chemical testing that is carried out for the verification of chemical properties like material’s overall composition & corrosion level, toxic detection, checking product quality, contaminant detection, and to fulfill other regulatory norms.
The Global Market Is Anticipated To Be Governed By North America During The Forecast Period
Regionally, North America is expected to rule the global packaging testing market in the years to come. Further, Asia Pacific market is anticipated to grow at a substantial rate during the forecast period owing to the rising stipulation for packaging testing within the F&B industry. In addition, the existence of budding economies, swift industrialization, and globalization of trade in the Asia Pacific is also projected to drive the packaging testing market in this region.
Browse the full “Global Packaging Testing Market By Material Type (Plastic, Glass, Metal, Paper & Paperboard, And Others), By Type (Chemical, Physical, And Microbiological), End-Use Industry (Agrochemicals, Food & Beverage, Personal Care, Pharmaceuticals, And Others), By Technology (Spectroscopy & Photometric-Based, Physical Tests, Chromatography-Based, And Others), And By Region - Global Industry Perspective, Comprehensive Analysis, And Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/packaging-testing-market
The global packaging testing market is segmented as follows:
By Material Type
By End-Use Industry
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