PUBLISHER: Value Market Research | PRODUCT CODE: 1547620
PUBLISHER: Value Market Research | PRODUCT CODE: 1547620
The global demand for Packaging Testing Market is presumed to reach the market size of nearly USD 47.91 Billion by 2032 from USD 15.93 Billion in 2023 with a CAGR of 13.01% under the study period 2024-2032.
A packaging test is a critical step that is carried out before shipping the products. Package testing comprises regulated packaging characteristics, and this consists of packaging materials, primary packaging, unit loads, packaging components, and shipping units. It also contains controlled lab testing activities, field testing, and subjective assessment by various persons. Packaging testing can be qualitative or quantitative, and it is usually physical testing. Also, packaging testing includes simple testing and rigorous testing. It also involves testing of paper, glass, metal, plastic, and paperboard.
The accelerating need for safe items having a prolonged life span is set to drive the market over the forecast period. In addition to this, the strong growth of the FMCG sector and the enormous need of durable goods is augmented to create a new opportunity for the packaging testing industry over the forecast period. Furthermore, a rise in the use of consumer products and packaged food & beverages will drive the growth of the packaging testing market. Moreover, the surge in awareness about eco-environmentally friendly packaging has generated humungous demand for package testing across industries like the paper packaging industry. However, high setup costs may hinder the growth of the market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Packaging Testing. The growth and trends of Packaging Testing industry provide a holistic approach to this study.
This section of the Packaging Testing market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Packaging Testing market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Packaging Testing market include EMSL Analytical Inc., Bureau Veritas SA, TUV SUD AG, National Technical Systems Inc., SGS S.A., Campden BRI, Merieux NutriSciences Corporation, ALS Limited, OthIntertek Group Plc., Microbac Laboratories Inc., Eurofins Scientific SE. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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