Packaging Testing market Prophesied to Grow at a Faster Pace by 2027
HNY Research projects that the Packaging Testing Market size will grow from USD 7.08 Billion in 2017 to USD 14.82 Billion by 2023, at an estimated CAGR of 13.1%. The base year considered for the study is 2017, and the market size is projected to 2027.
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. The global market, based on type, is segmented into physical, chemical, and microbiological. The physical segment dominated the market with the largest share in 2017 since the determination of physical properties of a product is an essential application for packaging testing. This is followed by chemical testing of packaging which is conducted for the determination of chemical properties such as corrosion level and overall composition of the material, monitoring product quality, toxic detection, contaminants detection, and to meet other regulatory standards.
By Market Players:
SGS SA , Bureau Veritas SA , Intertek Group PLC , Eurofins Scientific SE , Tüv Süd AG , ALS Limited , Mérieux Nutrisciences Corporation , Microbac Laboratories, Inc. , EMSL Analytical, Inc. , Campden Bri , Institut Fur Produktqualitat GmbH , OMIC USA Inc.,
By Type
Physical , Chemical , Microbiological, ,
By Material Type
Glass , Plastic , Paper & Paperboard , Metal , Others
By Technology
Physical Test Methods , Spectroscopy & Photometric-Based , Chromatography-Based , Others,
By Industry
Food & Beverage , Agrochemicals , Pharmaceuticals , Personal Care , Others
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