Anticipated to exceed US$ 16,099.87 million in 2023, the packaging testing market is poised to demonstrate an impressive CAGR of 12.6% from 2023 to 2033, with a projected value of US$ 52.74803 Billion by 2033.
The demand for packaging testing solutions in the United States is expected to maintain a substantial market due to several factors. Strict regulatory policies set by the United States Food and Drug Administration, coupled with an increased demand for packaged foods and pharmaceutical drugs, have driven the market’s size to US$ 3,414 million in 2023. Moreover, the significant per capita pharmaceutical spending in the U.S., the growing aging population, and the surge in chronic ailments contribute to the increasing need for pharmaceutical packaging testing. Additionally, the booming e-commerce industry, where around 1 out of 5 customers receive damaged products, fuels the demand for packaging testing equipment to ensure safe and secure deliveries. Market players are actively developing solutions to reduce such damages, further boosting the packaging testing sector’s growth in the United States.
In Germany, the demand for packaging testing solutions is on the rise due to consumers’ preference for long-shelf-life products and increasing awareness of contaminants’ toxic effects on food quality. The country’s high healthcare spending and the need for plastic packaging testing to detect contaminants in products are expected to drive the healthcare packaging testing market. Increasing investments in advanced packaging methods and the adoption of technology in the healthcare sector are likely to result in significant growth, with a market size of US$ 996 million in 2023.
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Key Takeaways
- In 2023, the United States is expected to lead the packaging testing market, with a size of US$ 3,414 million and a CAGR of 10.3%.
- The packaging testing market was significantly expanding, with a size of US$ 14.25 billion in 2022.
- Market shows amazing opportunities due to the rising need for effective packaging designs, and expects a Y-o-Y growth of 13% in 2023.
- The market in China is anticipated to expand at an adequate CAGR of 19.8% by 2033.
- By 2033, Germany is likely to expand in the packaging testing market, with a size of US$ 3,411.86 million.
- Canada is anticipated to expand at an adequate CAGR of 7.7% by 2033.
- The expansion in the United Kingdom is anticipated to expand at an adequate CAGR of 12.1% by 2033.
- Based on the material type, plastic is likely to lead the market and expects a size of US$ 6,995 million in 2023.
- Based on the testing type, microbiological continues to dominate the sector during the forecast period, with a CAGR of 13.6%.
Key Players Supplying Packaging Testing are
- SGS SA
- Intertek Group Plc
- Bureau Veritas SA
- Eurofins Scientific SE
- ALS Limited
- TUV SUD AG
- Mérieux NutriSciences Corporation,
- Microbac Laboratories Inc.
- National Technical Systems Inc.
- EMSL Analytical Inc
- Institut fur Produktqualität GmbH
- Campden BRI
Recent Developments
- In Kazakhstan, SGS S.A. opened a brand-new hybrid commercial onsite geochemistry laboratory in 2020. By diversifying its offering of laboratory testing services, the company seeks to break into the chemical packaging market.
- In June 2022, Bureau Veritas purchased Advanced Testing Laboratories, a company that offers scientific sourcing services. ATL offers services like product validation, production, and packaging, in addition to research and development. The company’s footprint in North America is anticipated to grow as a result of the acquisition.
Trends in Packaging Testing
The Packaging Testing Market is continually evolving to meet the demands of an ever-changing industry. Here are some emerging trends:
1. Sustainable Packaging Testing
As environmental concerns grow, there is a heightened focus on testing sustainable packaging materials to reduce waste and minimize the carbon footprint.
2. E-commerce Packaging Solutions
With the rise of online shopping, packaging testing is adapting to the specific needs of e-commerce, where goods must withstand the challenges of shipping and handling.
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Key segments
By Testing Type:
- Physical
- Chemical
- Microbiological
By Material Type:
- Plastic
- Paper and Paperboard
- Glass
- Wood and Others
By Packaging Application:
- Food and Beverages
- Healthcare
- Pharmaceuticals
- Medical Devices
- Chemical and Fertilizers
- Personal Care and Cosmetics
- Electrical and Electronics
- Automotive
- Industrial
By Region:
- North America
- Latin America
- Europe
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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