In 2023, the market for package testing services is anticipated to be worth roughly US$ 14,839.3 million. By 2033, the market for package testing services is anticipated to reach US$ 37,452.4 million, growing at a 9.7% CAGR.
The Packaging Testing Services Market has witnessed significant growth in recent years. As more businesses recognize the importance of delivering high-quality products to consumers, the demand for reliable packaging testing services has surged. This market encompasses a wide range of services, including material testing, performance testing, and regulatory compliance testing.
The Packaging Testing Services market is a growing industry that provides vital services for ensuring the safety, quality, and effectiveness of packaging materials and products. Packaging is an essential aspect of various industries such as food and beverages, pharmaceuticals, cosmetics, and consumer goods. Effective packaging is essential for protecting products during transportation, storage, and handling, and it also plays a critical role in brand positioning and marketing.
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Packaging Testing Equipment Market Landscape
- Krones AG,
- Coesia Group and
- AMETEK Inc.
are the top players operating in the packaging testing equipment market. Furthermore,
- Marchesini Group,
- Presto Testing Equipment,
- Labthink Instruments Co. Ltd.,
- AZO Holding GmbH,
- Machine Solutions Inc.,
- Qualitest, and
- Rycobel Group
Factors Driving the Growth of the Packaging Testing Services Market
The Packaging Testing Services Market is driven by several key factors that contribute to its growth and expansion. These factors include:
- Increasing Emphasis on Product Safety: With the rise in consumer awareness and stringent regulations, businesses are placing greater emphasis on ensuring the safety of their products. Packaging testing services help identify potential hazards and ensure that packaging materials are safe for use.
- Stringent Quality Standards: Industries such as food and beverage, pharmaceuticals, and electronics require packaging solutions that meet strict quality standards. Testing services help businesses meet these standards and maintain their reputation for delivering superior products.
- Globalization of Trade: The globalization of trade has resulted in the transportation of products across borders. Packaging testing services ensure that packaging solutions can withstand the rigors of long-distance transportation and protect products from damage.
- Technological Advancements: Advancements in technology have led to the development of innovative packaging materials and designs. Testing services help businesses evaluate the performance and effectiveness of these new solutions.
Key Takeaways from Packaging Testing Equipment Market
- By testing type, material/ sample testing segment is ahead and leading the global packaging testing equipment market. The segment is anticipated to account for 44% of the market by the end of forecast period.
- By material, the plastic segment is mostly preferred in the market due to its low cost feature. Demand in the segment is anticipated to increase 1.8 times during next 10 years.
- Among end users, the food and beverages segment will exhibit high demand. Furthermore, healthcare & pharmaceuticals will be the second largest segment, accounting for 22% of the market.
- Asia-Pacific is anticipated to offer impressive opportunities for packaging testing equipment market due to lower tax slabs and ease of doing business opportunities in the region.
- North America and Europe will hold share of almost 44% in the global market by the year 2031.
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“The demand for packaging testing equipment is rising globally. Increasing focus on testing services and verification & certification for ensuring the quality of packaging material has created growth opportunities for packaging testing equipment manufacturers ,” says FMI analyst.
The Importance of Packaging Testing Services
Packaging testing services play a vital role in ensuring that packaging solutions meet the necessary quality and safety standards. Let’s delve deeper into the reasons why businesses should invest in these services.
Ensuring Product Integrity
Packaging testing services help businesses ensure the integrity of their products throughout the supply chain. By evaluating packaging materials and designs, these services identify potential weaknesses and vulnerabilities that could compromise the product’s quality and safety. This proactive approach allows businesses to address any issues before they arise, minimizing the risk of product damage and customer dissatisfaction.
Meeting Regulatory Requirements
Various industries have specific regulations and standards regarding packaging materials, labeling, and safety. Packaging testing services help businesses navigate these complex requirements and ensure compliance. By conducting tests and assessments, these services provide businesses with the necessary documentation to demonstrate adherence to regulatory guidelines.
Enhancing Brand Reputation
In today’s competitive market, brand reputation is crucial for business success. Packaging testing services help businesses maintain their brand reputation by ensuring that their packaging solutions consistently meet the highest quality standards. By delivering safe and reliable products, businesses can build trust with consumers and establish themselves as industry leaders.
Competitive Landscape
The global Packaging testing services market is witnessing an influx of large number of players at the domestic as well as global level. The existing players are also engaging into mergers, acquisitions, partnerships, joint ventures, and new product launches to keep their brand image afloat.
- DDL, in April 2019, did announce rebranding of Cryopak Testing Center (a 6K sq. ft. independent laboratory stationed at Edison, NJ) as DDL testing laboratory that makes way for package testing across distribution simulation, environmental conditioning, thermal performance, strength and integrity testing, and shelf-life testing.
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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
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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