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 transit. Growing retail trade with rising demand for packaged goods, rising eco-conscious consumers for sustainable packaging, stringent regulatory atmosphere, and innovation of pioneering technologies are some of the factors responsible for the high growth of the global packaging testing services market.
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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.
About Packaging Testing Services Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global packaging testing services market, analysing historical demand of 2014-2021 and forecast statistics for 2022-2029. The report provides growth projections of the packaging testing services market on the basis of testing type (physical, chemical, and microbiological), material (plastic, paper & paperboard, glass, metal, and others), and end user (food, beverages, healthcare, personal care & cosmetics, and others), across seven major regions.
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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
Packaging testing services market by Region:
- North America Packaging Testing Services Market
- Latin America Packaging Testing Services Market
- Europe Packaging Testing Services Market
- East Asia Packaging Testing Services Market
- South Asia Packaging Testing Services Market
- Oceania Packaging Testing Services Market
- Middle East & Africa (MEA) Packaging Testing Services Market
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About FMI:
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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