Packaging Testing Services Market is expected to be worth US$ 14.2 Bn by the year 2022

Press Release from Future Market Insights

The global  packaging testing services market  is likely to reach US$ 33.4 Bn by the year 2029 at a CAGR of 12.6% between 2022 and 2029. Packaging testing provides assertions that packaging will protect products from damage during the transit. Growing retail trade with rising demand for packaged goods, growing number of eco-conscious consumers for sustainable packaging, stringent regulatory atmosphere, and technological innovation are some of the factors responsible for the growth of global packaging testing services market.

Request a sample of this report@  https://www.futuremarketinsights.com/reports/sample/rep-gb-11147

The global packaging testing services market is anticipated to clock a remarkable CAGR of nearly 12.6% during 2022-2029. This astonishing growth is majorly driven by the penetration of the e-Commerce and food sector in developing markets such as China, Mexico, and India, and also technological advancements associated with packaging.

Key Takeaways from Packaging Testing Services Market Study

  • The physical testing segment is experiencing high demand in the packaging testing services market. This is attributable to the fact that, most of the properties of packaged goods are a function of physical attributes such as friction, compression, tensile strength, tearing strength, and peel & puncture, among others.
  • Potential growth of end-user industries such as food, beverages, healthcare, personal care & cosmetics, and others, which require thorough packaging, is expected to further propel the growth of the global packaging testing services market.
  • In terms of market growth, South Asia and East Asia are estimated to witness above-average growth in the packaging testing services market, as countries such as China, India, and Japan are producing and exporting packaged goods on a significant scale.

Introduction of New Standards & Regulations to Increase Sales of Equipment Used by Players Operating in Packaging Testing Services Market

One of the most upfront drivers in the packaging testing services industry is the introduction of new standards for package authentication. Numerous organizations have established international principles in the last few years that are sure to be trendsetters. These standards aim to have ever-expanding cargo and product safety, and different packaging test methods are defined in this regard.

There is a long list of standards in the packaging testing services market developed by various organizations such as the American Society for Testing and Materials (ASTM), International Safe Transit Association (ISTA), International Organization for Standardization (ISO), and others. Solidification and continuous growth of the e-Commerce industry is increasing the demand for quality packaging and the introduction of new standards & regulations by international organizations, thereby resulting in the growth of global packaging testing services market.

Ask an Analyst @ https://www.futuremarketinsights.com/askus/rep-gb-11147

Competitive Landscape

The global Packaging testing services market is witnessing an influx of large number of players at the domestic as well as global level. The existing players are also engaging into mergers, acquisitions, partnerships, joint ventures, and new product launches to keep their brand image afloat.

  • DDL, in April 2019, did announce rebranding of Cryopak Testing Center (a 6K sq. ft. independent laboratory stationed at Edison, NJ) as DDL testing laboratory that makes way for package testing across distribution simulation, environmental conditioning, thermal performance, strength and integrity testing, and shelf-life testing.

Key Companies Profiled

  • Institut fur Produktqualitat GmbH
  • Campden BRI
  • EMSL Analytical Inc.
  • Microbac Laboratories, Inc.
  • National Technical Systems, Inc.
  • Mérieux NutriSciences Corporation
  • ALS Limited
  • TÜV SÜD AG
  • Eurofins Scientific SE
  • Intertek Group Plc.
  • Bureau Veritas SA
  • GS S.A.

Use promo code ->> FMITODAY to get flat 20% discount

Key Segments Covered in Packaging Testing Services Industry Research

Packaging Testing Services Market by Testing Type:

  • Physical
  • Chemical
  • Microbiological

Packaging Testing Services Market by Material:

  • Plastic
  • Paper & Paperboard
  • Glass
  • Metal
  • Others

Packaging Testing Services Market by End-user:

  • Food
  • Beverages
  • Healthcare
  • Personal Care & Cosmetics
  • Others
Companies Mentioned in this Press Release: