In 2023, the packaging testing market is anticipated to reach US$ 16,099.87 million, according to Future Market Insights (FMI). Between 2023 and 2033, the market’s total value might see a notable CAGR of 12.6%. The market is anticipated to generate US$ 52,748.03 million by 2033.
Packaging testing involves comprehensive evaluations to ensure that packaging materials, components, and designs meet specific industry standards and regulations. The primary objective of these tests is to assess the packaging’s ability to protect the product from various hazards, such as shock, vibration, temperature changes, moisture, and external forces. The Packaging Testing Market encompasses a diverse range of tests, including physical, chemical, and mechanical assessments.
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The world’s e-commerce market is rapidly growing. Retail and e-commerce companies are expanding their services by testing their packaging solutions on highly advanced technology equipment.
They are highlighting the requirement for packaging that is appropriate for its intended application and can survive difficult shipping circumstances. It is paving the way for manufacturers of package testing equipment to expand their market share globally as a result.
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
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%.
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Key Strategies in the Industry
Packaging compatibility testing is growing in popularity among important stakeholders. It involves several different kinds of studies, including tests for extractable and leachable, accelerated aging, and migration. In the market under study, competitive competition is moderately high, firm concentration is modest, and consolidation is anticipated over the next few years.
It is anticipated that the rivalry gets even more intense. Long-standing firms like Intertek Group PLC, Eurofins Scientific SE, SGS SA, and Bureau Veritas SA are anticipated to continue their market dominance by providing cutting-edge package testing solutions services to ratchet up market rivalry.
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.
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
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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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