Packaging Testing market was valued at US$ xx Mn in 2019 is expected to reach US$ xx Mn by the end of 2026 at a CAGR of 10.7% from 2020 to 2026.
Packaging testing is done to ensure that the right packaging is used and to help lower the overall packaging cost. It is extremely necessary to test packaging during the design and production process. Glass, paper, plastic, metal, and paperboard are among the materials used for packaging testing. Manufacturers, engineers, top packaging designers are more focusing on the development of the design and packaging methods which have made a positive impact on the market. Packaging testing is usually physical testing it can be qualitative or quantitative, the growth in the food & beverages and pharmaceutical industry has encouraged many domestic and foreign key manufacturers to invest more in the packaging testing market.
Global Packaging Testing Market Dynamics:
Increasing adoption of Packaging Testing in the food & beverage and pharmaceutical industry
The pharmaceutical and food & beverage industries are witnessing an accelerating exponential growth. The introduction and advances in packaging testing, such as simple testing and rigorous testing has made a positive impact on the market growth. Furthermore, thanks to the growth of the FMCG industry which in turn increasing the demand for packaged goods, as well as durable products also, increased awareness of unregulated recycling are driving the market growth. Packaging testing market growth is restrained by the factors such as the high cost of testing facilities, the cost of packaging testing is extremely high. As a result, this is a source of worry for newcomers.
In the current situation, the food and beverage industries are taking precautionary measures to avoid the spread of COVID-19. As a result, such tactics are projected to help the food and beverage industries survive the pandemic. In addition, government stringent regulations for a testing protocol that adhere to industry guidelines, decide how well a certain type of packaging performs under a variety of demands and real-world scenarios has made a positive impact on the market.
The report has profiled fifteen key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analysis and report has come up with recommendations for a future hot spot in North America.
Global Packaging Testing Market Segment Analysis
Global Packaging Testing Market
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The pharmaceutical and healthcare segment is expected to grow at a CAGR of xx% during the forecast period.
Based on the end-use industry, in 2019, the pharmaceutical & healthcare segment holds the largest market share of xx% and it is estimated to reach USD$ XX Mn by 2026. Packaging Testing is expected to be dominated by pharmaceutical and healthcare products in 2020.
Pharmaceutical and healthcare products are dominating among these segments because of their cost-effectiveness in comparison to other technologies, controlled and sustained drug release and particle size reduction for high solubility. Packaging Testing also assists in the masking of taste and odour.
Global Packaging Testing Market Regional Insights:
Global Packaging Testing Market Regional
North America to witness a high market growth rate and is expected to grow at a CAGR of xx% by 2026
North America is expected to hold the largest share of the global Packaging Testing market, while Asia Pacific is expected to rise at the fastest CAGR of xx%. The huge demand for consumer goods and packaged food in countries like Canada and the United States is driving the growth of the packaging testing industry in North America over the coming years. Government regulations governing goods packaging have resulted in a widespread acceptance of packaging inspection. The regional positive business environmental trends will be influenced by this government food & safety regulation. Furthermore, the high consumption of canned food in the North American subcontinent has resulted in huge demand for metal package testing, which is driving the subcontinent's packaging testing market. Since the region is the largest consumer of pharmaceuticals, the need to ensure drug safety has resulted in the implementation of stringent package testing methods, which will drive the industry's growth in North America. The United States and Canada seem likely to be the main revenue generators in the country.
The objective of the report is to present a comprehensive analysis of the global packaging testing market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the global packaging testing market dynamics, structure by analyzing the market segments and project the global packaging testing market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global packaging testing market make the report investor’s guide.
Global Packaging Testing Market, Key Highlights:
• Global Packaging Testing Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Packaging Testing Market
• Global Packaging Testing Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Packaging Testing Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Packaging Testing Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Packaging Testing Market are also profiled.
Global Packaging Testing Market Scope: Inquire before buying
Global Packaging Testing Market
Global Packaging Testing Market, by Region
• North America
• Middle East & Africa
• Asia Pacific
• South America
Global Packaging Testing Market Key Players
• TUV SUD AG
• Eurofins Scientific SE
• Intertek Group Plc.
• Fusion Packaging
• SGS S.A.
• Bureau Veritas SA
• ALS Limited
• Mérieux NutriSciences Corporation
• Microbac Laboratories, Inc.
• EMSL Analytical Inc.
• Eurofins MET Labs
• Mesa Labs
• Campden BRI
• OMIC USA Inc.
• NEFAB GROUP
• Nelson Laboratories, LLC
• Lachenmeier ApS
• Advanced Packaging Technology Laboratories Inc.
• Element Materials Technology
• Micom Labs.
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