Global Package Testing Market - Size
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
Package testing or packaging testing involves the measurement of a characteristic or property involved with packaging. This includes packaging materials, packaging components, primary packages, shipping containers, and unit loads, as well as the associated processes. Increasing demand for packaged products, stringent regulatory environment, technological advancements in the market, rising demand for the longer shelf of the products under varying conditions and increasing awareness and demand for sustainable packaging are the factors boosting the growth of the market.
Global Package Testing Market Segments Size & Growth:
Global Package Testing Market size is projected to reach approximately $27.90 billion by the end of 2024 with a CAGR of close to 14.70% from $12.25 billion in 2017 during the forecast timeline 2018-2024. The major factors that propel the growth of the Global Package Testing Market is increasing demand for packaged products, stringent regulatory environment, technological advancements in the market, rising demand for the longer shelf of the products under varying conditions and increasing awareness and demand for sustainable packaging are the key factors driving the market growth.
Global Package Testing Market Segments Share:
Global Package Testing Market is segmented on the basis of the type which consists of physical, chemical and biological. In
Global Package Testing Market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
which, a physical testing segment dominated the market owing to its analysis of physical properties of packaging materials include tension, compression, strength, burst testing, vibration and others and also it provides reliability, quality and improve the performance of packaging products. By application, the market is segmented into food & beverage, pharmaceuticals, personal care, and agrochemicals. Among these segments, food & beverage segment contributes the largest share in the market owing to the rising demand for processed food fueled the demand for food packaging material used for food & beverage products. By material, the market is segmented into glass, plastic, metal, paper & paperboard. Paper & paperboard segment holds the largest market share owing to the increasing use of paper & paperboard for their easy and abundant availability, lower cost and environment-friendly nature. On the basis of technology, the market is segmented into physical test methods, spectroscopy & photometric-based and chromatography-based. Among these segments, spectroscopy & photometric-based segment contributes the largest share in the market owing to the rising demand for spectroscopic techniques in various areas of packaging testing. On the basis of Geography, Asia Pacific holds the largest share in the market owing to the increase
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Global Package Testing Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
in consumer awareness in the Asia Pacific region regarding the safety of packaging for various products, especially food, healthcare, and cosmetics.
Global Package Testing Market Trends:
- Intertek Group PLC announced that it has acquired Acumen Security, LLC on 13 December 2017.
- Cryo-Gel packs by Cryopak provide an economical choice for safe transport of temperature-sensitive items, such as pharmaceuticals and food. These packs will help protect your products against excessive high or low temperatures.
Global Package Testing Market Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The major key players in the Global Package Testing Market are:
- Intertek Group PLC
- DDL, Inc.
- SGS SA
- Cryopak
- CSZ Testing Services Laboratories
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