The global packaging testing services market was pegged at around US$ 13,527.2 million back in the year 2022. The new market analysis report, released by FMI, anticipates the market to expand at a CAGR of 9.7% from 2023 to 2033. By following this lucrative CAGR, the overall market is projected to grow from US$ 14,839.3 million in 2023 to US$ 37,452.4 million by 2033.
Testing packaging ensures that products remain undamaged during shipping, a crucial aspect for businesses. The global packaging testing services market is expanding due to several key factors:
- Surge in Retail Activity: As retail trade grows, there’s a heightened need for securely packaged goods, driving demand for packaging testing services.
- Rise in Eco-friendly Packaging: With more consumers prioritizing sustainability, businesses are turning to eco-conscious packaging solutions, fueling the demand for testing services to ensure their effectiveness.
- Regulatory Pressure: Tighter regulations surrounding packaging safety and environmental impact necessitate thorough testing, contributing to the market’s growth.
- Technological Advancements: Ongoing innovation in packaging materials and designs requires comprehensive testing to ensure compliance and effectiveness, driving demand for testing services.
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Competitive Landscape for the Packaging Testing Services Market Players
In this market study, the competitive landscape is relatively strong, and regional packaging testing services concentration is modest in nature. However, rapid advancement and consolidation of the market are anticipated over the next years through mergers and collaborations.
It is anticipated that the rivalry could get intense in the next two to three years with the emergence of new market players. Long-standing players like Intertek, Eurofins, SGS, and Bureau Veritas, may continue their market dominance by providing cutting-edge solutions services to ratchet up the market rivalry.
Recent Developments by the Packaging Testing Services Providers
- The Advanced Testing Laboratory, which was mainly a supplier of scientific sourcing services, was purchased by Bureau Veritas Inc. in June 2022. It offered research and development, product qualification, production, and packaging like all services. Bureau Veritas anticipated that the purchase might aid in growing its market share in the United States and Canada.
- In July 2022, an additional Package Testing Lab was established by Eurofins Scientific SE. This new lab is expected to offer crucial testing assistance for the protective qualities and longevity of labels over packages. On top of that, the company’s service capabilities to clients are anticipated to be improved by this new unit in Lancaster, Pennsylvania.
- Packaging testing service providers in India were able to demonstrate their end-to-end commitment to sustainability starting in January 2020. It was possible through the innovative Total Sustainability Assurance program from Intertek Group plc, which offers an industry-leading, independent assurance solution.
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Key Segments
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 Market
- Latin America Market
- Europe Market
- East Asia Market
- South Asia Market
- Oceania Market
- The Middle East & Africa (MEA) Market
About Future Market Insights Inc. (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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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