Packaging Testing Market Insight | Key Players Include - SGS S.A., Microbac Laboratories, Inc., Eurofins Scientific SE


Posted December 18, 2018 by supriya1234

Growing demand for safe products with a longer shelf-life is driving the demand for packaging testing. This has attributed to the growth of the packaging testing market.

 
The packaging testing market has grown exponentially in the last few years. The market size is projected to reach USD 14.64 Billion by 2022, growing at a CAGR of around 12.0% from 2017. Emerging countries such as India, China, Japan, Brazil, and Argentina are the potential primary markets of the industry. Factors such as rising awareness and demand for sustainable packaging, increasing retail industry with increasing demand for packed products, stringent regulatory environment, and the emergence of new technologies are the major driving factors for this market. Moreover, the requirement for longer shelf-life of products helps to drive the growth of the packaging testing industry.

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Paper & paperboard packaging is the use of paper or compressed layers of paper/paper pulp to be used for primary, secondary, or tertiary packaging of a product. The market for paper packaging testing is growing due to the increasing use of paper & paperboard for their easy and abundant availability, lower cost, and environment-friendly nature.

The rising demand for processed food has fueled the demand for food packaging material used for food & beverage products, thereby generating attractive opportunities for the packaging testing market. Packaging testing services reduce the risk of food contamination and diseases due to faulty packaging of food products. This market is growing since the tested packaging of food & beverage products assures consumers that these meet all the regulatory requirements.

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The North American region is projected to dominate the packaging testing market by 2022. The Asia-Pacific region is projected to be the fastest-growing market during the forecast period since the demand from the food & beverage industry is projected to increase in the coming years. The other factors responsible for the growth of the Asia-Pacific market are the emerging countries, globalization of trade, and rapid industrialization in the region.

The cost of packaging testing is very high due to the high cost of testing equipment. Automated instruments provide reliable and faster test results. However, due to the high cost of instruments, the testing cost also increases.

Expansions & investments, acquisitions, new service & technology launches, and agreements, collaborations, and partnerships are the key strategies adopted by market players to ensure their growth in the market. The market is dominated by players such as SGS S.A. (Switzerland), Bureau Veritas SA (France), Intertek Group Plc. (U.K.), Eurofins Scientific SE (Luxembourg), TÜV SÜD AG (Germany), and ALS Limited (Australia). Other major players in the market include Mérieux NutriSciences Corporation (U.S.), National Technical Systems, Inc. (U.S.), Microbac Laboratories, Inc. (U.S.), EMSL Analytical Inc. (U.S.), Campden BRI (U.K.), and Institut fur Produktqualitat GmbH (Germany).

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Phone 1-888-600-6441
Business Address Mr. Shelly Singh, MarketsandMarkets™ INC.,
630 Dundee Road, Suite 430, Northbrook, IL 60062
Country United States
Categories Business , Food , News
Tags packaging testing market , packaging testing market forecast , packaging testing market trends
Last Updated December 18, 2018