Growth opportunities and latent adjacency in Packaging Testing Market

Northbrook, USA, 2020-Jan-31 — /EPR Network/ — The global 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.

The global market, based on type, is segmented into physical, chemical, and microbiological. The physical segment dominated the market with the largest share in 2016 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.

The packaging testing market, based on material type, is segmented into glass, plastic, paper & paperboard, metal, and others which include wood, polystyrene, bioplastic, cloth, and other flexible packaging. The plastic segment accounted for the largest share of this market in 2016. The paper & paperboard segment is projected to grow at the highest CAGR from 2017 to 2022. The market for paper packaging testing is growing with an increase in the use of paper & paperboard due to their easy and abundant availability, lower cost, and environment-friendly nature.

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Spectroscopy & photometric-based segment projected to grow at the highest CAGR, by technology, from 2017 to 2022

Spectroscopy & photometry is an analytical technique involved in spectral study, which helps in determining the composition and structure of matter. This segment is expected to grow at a high rate primarily due to the reliability of test results, lower turnaround time, and rising demand for spectroscopic techniques in various areas of packaging testing.

Food & beverage segment projected to grow at the highest CAGR, by end-use industry, from 2017 to 2022

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.

Significant growth for packaging testing is observed in the Asia-Pacific region

The requirement for packaging testing has grown in the region in recent years, owing to an increase in consumer awareness in the Asia-Pacific region regarding the safety of packaging for various products, especially food, healthcare, and cosmetics. The growth in this market is fueled by the economic development in countries such as China and India. China is a potential market for packaging testing due to various factors such as the expanding population, rising disposable income levels, growing export of packaging materials, and increasing consumer demand for convenience foods.

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as SGS S.A. (Switzerland), Bureau Veritas SA (France), Intertek Group Plc. (U.K.), Eurofins Scientific SE (Luxembourg), and TÜV SÜD AG (Germany).

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