Packaging Testing Market Projected to Reach $14.64 Billion by 2022 | Key Players are SGS S.A. , Bureau Veritas SA, Intertek Group Plc., Eurofins Scientific SE, TÜV SÜD AG

The global market for packaging testing 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.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=123283179

“Physical testing dominated the market in 2016”

The physical testing type analyzes the physical properties of packaging materials such as tension, compression, burst testing, leak testing, strength, impact, flexure, shear, rheology, fatigue, vibration, penetration, and other tests using various testing technologies or visual observation method. Such broad applications of physical testing type provide reliability, quality, and improve the performance of packaging products due to which this segment dominated the market in 2016.

“Paper & paperboard segment projected to grow at the highest CAGR, by material type, from 2017 to 2022”

Paper & paperboard packaging is the use of paper or compressed layers of paper/paper pulp to be used for primary, secondary, or tertiary packaging of a product. The market for paper packaging testing is growing due to the increasing use of paper & paperboard for their easy and abundant availability, lower cost, and environment-friendly nature.

“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.

Request for Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=123283179

“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).

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: sales@marketsandmarkets.com

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.