As per Future Market Insights (FMI), the packaging testing market is anticipated to exceed US$ 16,099.87 million by 2023, with a notable Compound Annual Growth Rate (CAGR) of 12.6% projected between 2023 and 2033. By the year 2033, the market is forecasted to attain a substantial valuation of US$ 52,748.03 million. This surge in market value is attributed to the increasing demand for robust packaging solutions across various industries, coupled with stringent regulatory standards mandating quality assurance and safety measures. Consequently, manufacturers and stakeholders in the packaging testing sector are poised to witness lucrative growth opportunities in the coming years.
The surge in plastic packaging utilization, attributed to its lightweight properties, chemical and heat resistance, and effective barrier against water, oxygen, and carbon dioxide, is anticipated to drive a heightened demand for plastic packaging testing solutions throughout the assessment period.
As the Indian government consistently endeavors to expand pharmaceutical manufacturing capacity and enhance domestic drug protection, the burgeoning pharmaceutical industry, coupled with the increasing prevalence of chronic ailments in the population, is poised to drive a substantial demand for packaging testing. According to the India Brand Equity Foundation (IBEF) 2021 report, India fulfills approximately 50% of the global demand for various vaccines, caters to 40% of the generic demand in the United States, and supplies over 25% of total medicines in the United Kingdom. This rapid growth in the pharmaceutical sector has attracted leading market players to establish operational plants in India, further contributing to the industry’s dynamic evolution.
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Market Drivers:
- Stringent Regulatory Standards: Increasing regulatory requirements related to packaging safety and quality, particularly in industries such as food and pharmaceuticals, are driving the demand for packaging testing services. Compliance with regulations ensures consumer safety and product integrity.
- Rising Consumer Awareness: Growing consumer awareness regarding the importance of safe and sustainable packaging is compelling manufacturers to invest in rigorous testing to meet consumer expectations and regulatory standards. Concerns about environmental impact are also driving the need for eco-friendly packaging solutions, which require thorough testing.
- Globalization of Supply Chains: With the globalization of supply chains, manufacturers are increasingly sourcing packaging materials and components from diverse geographical locations. This trend necessitates comprehensive testing to ensure consistency, quality, and compliance across different regions and markets.
- Advancements in Packaging Materials and Technologies: Continuous innovation in packaging materials and technologies, such as smart packaging and active packaging, requires robust testing methodologies to evaluate performance, functionality, and safety. Testing helps validate the efficacy of these new solutions and ensures they meet industry standards.
- Focus on Brand Reputation and Consumer Experience: Packaging plays a crucial role in shaping brand reputation and consumer experience. Brands are investing in packaging testing to ensure product integrity, minimize risks of contamination or damage during transit, and enhance the overall consumer experience, thus safeguarding their brand image.
Market Restraints:
- High Costs of Testing: Comprehensive packaging testing involves various tests and analyses, which can incur significant costs for manufacturers, particularly small and medium-sized enterprises (SMEs). Cost constraints may hinder widespread adoption of testing services, especially among budget-conscious businesses.
- Complexity of Regulatory Landscape: The regulatory landscape governing packaging standards can be complex and fragmented, with different regions and industries having distinct requirements. Navigating this regulatory maze adds layers of complexity and compliance challenges for manufacturers, potentially impeding market growth.
- Limited Testing Infrastructure and Expertise: Adequate testing infrastructure and skilled personnel are essential for conducting thorough packaging testing. However, limited availability of specialized testing facilities and trained professionals in certain regions or industries may constrain market expansion and accessibility of testing services.
- Time Constraints in Product Development: In fast-paced industries like consumer goods and electronics, rapid product development cycles may pose challenges for comprehensive testing. Manufacturers may prioritize time-to-market over exhaustive testing, risking potential quality issues or regulatory non-compliance.
- Resistance to Change: Some manufacturers may exhibit resistance to adopting rigorous testing practices due to perceived disruptions to existing processes, reluctance to invest in testing technologies, or skepticism about the added value of testing in improving product quality and safety.
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:
- 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.
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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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